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Wells Fargo CEO apologizes for remark about lack of diverse talent

Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates.He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody. “I’ve worked in the financial services industry for many years, and it’s clear to me that, across the industry, we have not done enough to improve diversity, especially at senior leadership …read more […]

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Nike, General Mills beat earnings estimates, Walmart to hire 20K seasonal workers

Yahoo Finance’s Emily McCormick joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss recent quarterly earnings from Nike and General Mills. McCormick also shares the details around Walmart’s decision to hire 20,000 seasonal workers ahead of the holiday season. …read more […]

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JPMorgan to Move $230 Billion Assets to Germany Under Brexit

(Bloomberg) — JPMorgan Chase & Co. is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Britain’s exit from the European Union, a shift that will make it one of the largest banks in Germany.The U.S. bank plans to finish the migration of the assets to its Frankfurt-based subsidiary by the end of the year, people familiar with the matter said. The change could boost its balance sheet enough to become the country’s sixth-largest bank, based on the assets of the biggest commercial lenders last year.A spokeswoman for JPMorgan in Frankfurt declined to …read more […]

Spotlight Stocks

Slack Technologies, Inc. (NYSE:WORK) CEO Stewart Butterfield: “Network Effect and Compounding Tailwinds”

      Slack Technologies, Inc. (NYSE:WORK) Q2 2021 Earnings Call Highlights Stewart Butterfield, CEO “…Let me start with what I’m most excited about and that’s accelerating growth in new paid customers. This is the […]

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BlackBerry AtHoc Public Safety Edition Provides Local Governments and Universities Ability to Securely Communicate Critical Information Directly to their Community

WATERLOO, ON, Sept. 23, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced the BlackBerry® AtHoc® Public Safety edition, providing local governments and universities proven capabilities to deliver critical communications directly to the public in an accurate, secure and trusted manner. …read more […]

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Tesla's 'Battery Day' drives reality check for recent share surge

Investors had expected two big announcements from Chief Executive Officer Elon Musk: the development of a “million mile” battery good for 10 years or more, and a specific cost reduction target – expressed in dollars per kilowatt-hour – that would finally drop the price of an electric vehicle below that of a gasoline car. …read more […]