Wells Fargo Shares Rise as Bank’s Cost-Cutting Efforts Take Hold – Yahoo Finance
(Bloomberg) – Wells Fargo & Co.’s fourth-quarter expenses rose to a fourth-quarter as Chief Executive Officer Charlie Scharf continues to cut jobs as part of a broader effort to cut costs and rebuild the bank. It fell 12% in the quarter. The company's stock rose. Most Read Articles on Bloomberg Non-interest expenses amounted to $13.9 […]
Japan to take appropriate action against excessive FX moves, finance minister says – Yahoo Finance
TOKYO (Reuters) – Finance Minister Katsunobu Kato said on Wednesday that the government will take appropriate measures to prevent excessive movements in the foreign exchange market, as volatility in the yen is high ahead of an important monetary policy meeting. He reiterated that he would take action. Kato said at the Japan National Press Club, […]
Capital One sued by US CFPB for avoiding billions in interest payments – Yahoo Finance
Jonathan Stempel (Reuters) – Capital One on Tuesday was sued by the U.S. Consumer Financial Protection Bureau, accusing it of fraudulently defrauding customers of its flagship “high-interest” savings accounts of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One told depositors that […]
10-year yield hits 14-month high, stocks under pressure – Yahoo Finance
The 10-year US Treasury yield (^TNX) has risen to a 14-month high of 4.79%, putting pressure on stock prices and creating competition for stock investments. WisdomTree Global Chief Investment Officer Jeremy Schwartz joins the company look for trends Discuss how the psychological aspects of 5% yield affect stock valuation. Additionally, the market faces risks due […]
Futures slide as investors bet on no Fed rate cuts in 2025; yields climb – Yahoo Finance
(Reuters) – U.S. stock index futures on Monday as yields soared on expectations that the Federal Reserve will remain hawkish through much of 2025 after last week's solid jobs report. fell. As of 5:44 a.m. ET, the Dow E-mini was down 133 points, or 0.32%, the S&P 500 E-mini was down 46.25 points, or 0.79%, […]
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports – Yahoo Finance
(Reuters) – The Federal Deposit Insurance Corporation has given BlackRock a new deadline of Feb. 10 to resolve issues related to its oversight of asset managers' investments in FDIC-regulated banking organizations, Bloomberg News said. reported on Sunday, citing three people familiar with the incident. Case. If sufficient progress is not made toward resolving the issue, […]
US stock market faces reality check in high-bar earnings season – Yahoo Finance
(Bloomberg) — The strongest U.S. stock market rally in two years since the dot-com bubble is next, as companies begin reporting quarterly earnings and serve as a key gut check on whether valuations are outperforming underlying reality. is heading for a big test. Most Read Articles on Bloomberg The S&P 500 index fell 1.5% on […]
Bitcoin ETFs hit $100B in year 1: Bitwise CIO talks 2025 growth – Yahoo Finance
One year after the SEC approved spot Bitcoin ETFs, these funds have surpassed $100 billion in total assets in their first year of trading. Bitwise Asset Management CIO Matt Hougan joins us to discuss the outlook for Bitcoin (BTC-USD) in 2025. Bitwise operates several proprietary Bitcoin (BITB, BITC, BTOP) and cryptocurrency (BITQ, BITW) ETFs. “As […]
Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment – Yahoo Finance
NEW YORK (AP) — U.S. stocks are plummeting on concerns that: Good news on Friday's job market perhaps Too good And maintaining it will prove to be bad for Wall Street. inflation and interest rate expensive. The S&P 500 fell 1.5% in intraday trading, marking its fourth decline in the past five weeks. As of […]
Cryptoverse: Next wave of US crypto ETFs already in the pipeline – Yahoo Finance
Written by Suzanne McGee (Reuters) – What a difference a year can make. Rewinding the clock to early January 2024, the asset management industry is wondering whether the long-awaited debut of the US Spot Bitcoin exchange-traded fund will live up to expectations of raising as much as $30 billion in its first fund. , who […]