Wells Fargo’s first-quarter profit and revenue top the Street
Wells Fargo reported growing profits Friday as the bank benefited from higher interest rates, despite building up loan loss reserves.…
Warren Buffett says he doesn’t understand A.I. but he asked ChatGPT to write a song in Spanish
Legendary value investor Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he…
Warren Buffett says we’re not through with bank failures
Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be…
Western Alliance shares cut losses after the bank says deposit outflows are stabilizing
Shares of Western Alliance Bancorp cut steep losses Wednesday after the regional bank gave a new update showing deposit outflows…
Disney CEO Bob Iger rips Ron DeSantis over ‘anti-Florida’ retaliation
Bob Iger on Monday called Florida Gov. Ron DeSantis’ actions against The Walt Disney Co. retaliatory, “anti-business” and “anti-Florida.” The…
Investors believe the stock market is set for losses, and cash is best safe haven, CNBC survey shows
Wall Street investors believe the stock market is headed for losses after a positive first quarter, seeing cash as the best…
Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may…
First Citizens shares soar 50% after the bank buys a large chunk of failed Silicon Valley Bank
First Citizens BancShares will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just…
N.J. deli stock fraud defendant behind bars as feds reveal he renounced U.S. citizenship
NEWARK, N.J. – A former fugitive in the securities fraud case involving a New Jersey deli company once valued at…
The Fed forecasts just one more rate hike this year
The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation…
