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Wells Fargo shares tumble after net interest income falls short of estimates – CNBC

A Wells Fargo Bank sign stands on Broadway in New York City on April 12, 2024. Michael M. Santiago | Getty Images Wells Fargo The company reported Friday that net interest income fell 9% even as its second-quarter profit and revenue beat Wall Street expectations. Here’s how the bank performed compared to Wall Street expectations, […]

Nothing About The Rigged Senate Border Bill Is In The ‘National Interest’

Estimated Reading Time: 2 minutes Can you imagine Senate Democrats ever supporting a bill that gave President Donald Trump the power to temporarily ignore provisions he didn’t believe were in the “national interest”? Of course not. Yet one of the most conspicuous parts of the new bipartisan border bill allows Joe Biden to do just that. Once […]

Era of near-zero interest rates likely over: Powell

Federal Reserve Chairman Jerome Powell said on Wednesday that the era of ultra-low interest rates that lasted from the 2008 financial crisis through the pandemic is likely over, and that the neutral interest rate for achieving 2% annual inflation has probably risen. Testifying before the House Financial Services Committee, Powell said the central bank’s interest […]

Copa America spiking NYC, US soccer interest ahead of World Cup

Walking through Manhattan ahead of the Copa America group stage match between Lionel Messi’s Argentina and Chile on June 25, it was hard to miss the sight of fans clad in soccer uniforms traversing the streets. The World Cup may still be two years away, but the Copa America, combined with Euro 2024 taking place […]

Sixers have interest in Marcus Morris Sr. in NBA free agency

Paul George may be joining a familiar face in Philadelphia. The 76ers are considering signing George’s former Clippers teammate and Philadelphia native, Marcus Morris Sr., as part of a roster restructuring. According to the Philadelphia Inquirer. Morris reportedly has numerous suitors, including the Pistons, Spurs, Cavaliers, Timberwolves, Heat, Mavericks and Hornets. Marcus Morris Sr. finished […]

Private student loan interest rates drop for 10-year loans, rise for 5-year terms

At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. The latest private student loan […]

The Interest Rate Puzzle

Estimated Reading Time: 5 minutes The financial markets swooned in January in response to the statements and growing perceptions that central banks must soon begin the painful task of slowing inflation. The old saw on Wall Street is, “as goes January, so goes the year.”  If so, we are in for a very volatile year. […]