Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://www.reuters.com/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters.
U.S. presidential candidate Elizabeth Warren called on AT&T Inc to reject an activist investor plan she said would lead to job cuts, staking out a different position than President Donald Trump who has cheered the investor’s involvement.
Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. Up the road, bartender Jeanne Bonner made just $2 in tips one day last week, compared with $80 during a normal shift. “We’ve thrived off GM for years,” Bonner said. …read more […]
U.S. presidential candidate Elizabeth Warren called on AT&T Inc to reject an activist investor plan she said would lead to job cuts, staking out a different position than President Donald Trump who has cheered the investor’s involvement. In a Twitter post on Thursday, Warren said she sided with union workers at the telecommunications and media conglomerate, who have criticized a plan submitted last month by AT&T activist investor Elliott Management Corp to boost the company’s profits. Such an approach would continue Trump’s own practice of publicly criticizing company decisions to let workers go. …read more […]
Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. Up the road, bartender Jeanne Bonner made just $2 in tips one day last week, compared with $80 during a normal shift. “We’ve thrived off GM for years,” Bonner said. …read more […]
U.S. stocks rose in early afternoon trading on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple’s shares lifted the technology sector.
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […] …read more […]
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing […] …read more […]
U.S. planemaker Boeing Co said on Thursday it was working with Volkswagen’s sports car brand, Porsche, to develop a concept electric flying vehicle capable of transporting people in urban settings.
London Stock Exchange is mulling an overhaul of its Italian business MTS ahead of a potential merger with data provider Refinitiv, two Italian sources with knowledge of the situation said on Thursday.
U.S. consumer prices were unchanged in September and underlying inflation retreated, supporting expectations the Federal Reserve will cut interest rates in October for the third time this year amid risks to the economy from trade tensions.
Britain’s James Dyson has cancelled his ambitious project to build an electric car, the centrepiece of a 2.5 billion pound ($3.1 billion) investment in technology, saying he could not see a way to make it commercially viable. Dyson said his engineers had built a “fantastic car” and that the project was not being closed due to any failures in research and development. “However, though we have tried very hard throughout the development process, we simply can no longer see a way to make it commercially viable,” he said in an email to staff. …read more […]
Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with new entrants in the market.
Publicis’ chief executive Arthur Sadoun appeared under pressure on Thursday following a second cut in a row to the full-year sales target of the world’s third-biggest advertising group. Sadoun, who succeeded company veteran and current chairman Maurice Levy in 2017, has promised to offset the decline in ad spending by steering the business closer to consulting groups and offering clients technological tools on top of traditional creative marketing campaigns. This strategy is taking more time than expected to bear fruit, as Paris-based Publicis cut its full-year revenue target following poor third-quarter results hit by a fall in spending …read more […]
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