Wells Fargo & Co has fired or suspended more than a dozen employees in its investment bank over alleged violations of the company’s expense policy regarding after-hours meals, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
U.S. stocks fell on Thursday, after four days of gains, weighed down by weak results from retailers and on rising concerns over the U.S.-China trade war that has weighed on markets for most of the year.
The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday, following the release of the advanced economic indicators from the U.S. Census earlier this week.
Bank of America Corp’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with Obama-era regulation.
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.
Warren Buffett’s birthday is on August 30, and the legendary investor turns 88 this year. Over the last half-century, Buffett has turned Berkshire Hathaway from a failing textile company into a massive conglomerate. A $1,000 investment in Berkshire in 1964, when Buffett first bought the company, would be worth nearly $17 million today. …read more […]
Apple (AAPL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues. …read more […]
U.S. stock indexes were set to open lower on Thursday as optimism over U.S.-Canada trade talks was overshadowed by concerns over Washington’s tariff dispute with China, which has been the bigger weight on the market for most of the year.
The industrial powerhouse’s stock price slide seems to have stopped…for now. Safe to buy? …read more […]
China’s ZTE Corp said it expects to make a profit in the third quarter after recording its worst-ever first-half net loss on Thursday, the result of a U.S. supplier ban that forced the telecoms gear maker to halt operations for three months.
Dollar General Corp stuck to a plan for hefty investments in its store network, as it marginally increased its full-year outlook for sales on Thursday but kept profit forecast unchanged for the second quarter in a row.
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
Britain’s takeover regulator could take the rare step of intervening in the battle between Comcast and Twenty-First Century Fox for Sky next month by staging an auction for the broadcaster to bring the drawn-out bidding war to an end.
The Turkish lira was down as much as 5% against the dollar Thursday after a report said the deputy governor of its central bank would resign. Watch the Turkish lira trade in real time here. The lira was down 5% to 6.7719 against the dollar at 8:45 a.m. ET. …read more […]
The number of Americans filing for unemployment benefits rose last week, but the underlying trend continued to point to a robust labor market that should keep the economy on a strong growth path this year.
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