Wells Fargo faces lawsuits over mortgage and auto loans Wells Fargo faces lawsuits over mortgage and auto loans: The lawsuits include two class action cases alleging violations of federal and state consumer fraud laws, as well as claims brought by former employees who said they were fired for raising concerns […]
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Hurricanes earthquake drag down third-quarter profit at Buffett Berkshire Hurricanes earthquake drag down third-quarter profit at Buffett Berkshire: Berkshire on Friday said it lost $3 billion before taxes, or $1.95 billion after-tax, from the disasters, leaving its Geico auto insurance, General Re reinsurance and Berkshire Hathaway Reinsurance units with underwriting […]
Apple firmly on course for $1 trillion valuation Apple firmly on course for $1 trillion valuation: The stock rose as much as 3.7 percent to $174.26, briefly breaching $900 billion in market value, amid declines in the broader market. The gains added nearly $32 billion to the company’s market capitalization. […]
Apple sees strong holiday sales smooth sailing for iPhone X Apple sees strong holiday sales smooth sailing for iPhone X: Apple Inc (AAPL.O) on Thursday reported better-than-expected earnings and offered a rosy forecast for the holiday shopping season, allaying investor concerns about production delays on the new iPhone X and […]
Broadcom plans record tech deal with Qualcomm bid Broadcom plans record tech deal with Qualcomm bid: Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, three sources familiar with the matter said on Friday, an attempt to create a […]
Global stocks edge up after U.S. tax plan Powell nomination Global stocks edge up after U.S. tax plan Powell nomination: The Republican tax plan called for broad changes to the U.S. tax code, including slashing the corporate tax rate and reducing the number of tax brackets for individuals. “Everyone knows […]
U.S. third quarter productivity fastest in three years jobless claims fall U.S. third quarter productivity fastest in three years jobless claims fall: U.S. worker productivity increased at its fastest pace in three years in the third quarter but the trend remained moderate, suggesting that a recent acceleration in economic growth […]
S&P flat after tax cut plan Dow climbs to record S&P flat after tax cut plan Dow climbs to record: Wall Street’s Dow industrials climbed to a record high on Thursday while losses in Facebook kept the S&P 500 and the Nasdaq in check as investors assessed the long-awaited tax […]
Powell for Federal Reserve chair could support stocks bull market Powell for Federal Reserve chair could support stocks bull market: President Donald Trump’s expected nomination on Thursday of Federal Reserve Board Governor Jerome Powell to be the next chair of the U.S. central bank likely will provide investors with some […]
Trump taps Fed centrist Powell to lead U.S. central bank Trump taps Fed centrist Powell to lead U.S. central bank: President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, breaking with precedent by denying Janet Yellen a second term but signaling […]
