Today: 5. Nov, 2024
Wall Street remained essentially flat before the opening bell today as the latest quarterly earnings from banks and new inflation data presented a mixed picture for investors. Market Overview Futures for the S&P 500 were unchanged, while futures for the Dow Jones…
In a recent industry-wide probe, Wells Fargo has emerged as a critical player caught in the scrutiny over mortgage pricing discrimination. This investigation centred on granting loan discounts, known as pricing exceptions, has raised serious questions about compliance with U.S. fair lending…
Amidst a challenging economic landscape, Wells Fargo is gearing up for significant changes. The banking giant’s CEO, Charlie Scharf, recently announced the likelihood of a substantial severance expense in the fourth quarter, signalling a shift towards more aggressive workforce management. This move…
The second quarter earnings season for US firms commences this week, delivering the profit or loss reports from April to June 2023 while also unveiling fresh inflation data. Many economists are connecting these two elements, spotlighting the trend of the price-price spiral…
