JPMorgan Chase & Co
Wells Fargo lays off mortgage loan bankers times immediately after gratifying some with California retreat
Critical Points Wells Fargo laid off hundreds of property finance loan bankers this week as component of a sweeping round of cuts induced by the bank’s recent strategic shift, CNBC has uncovered. The layoffs ended up declared Tuesday and ensnared some prime producers, together with a several bankers who surpassed $100 million in loan volumes […]
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Amazon, Wells Fargo, Microsoft, Nvidia are in the headlines. Here’s our take on the news
Club holdings Amazon (AMZN), Wells Fargo (WFC) as well as Nvidia (NVDA) and Microsoft (MSFT) are in the news Wednesday. Here are the headlines and the implications for the Club’s investment thesis. Amazon completes health deal AMZN YTD mountain Amazon’s year-to-date stock performance. The news: Amazon completed its acquisition of primary-care provider One Medical, the […]
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United Airlines, five other companies launch effort to develop sustainable aviation fuel
A United Airlines passenger plane takes off from Frankfurt Airport. The airport, which is operated by fraport, is one of the most important hubs in Europe. Jana Glose | Picture Alliance | Getty Images United Airlines and five corporate partners are launching a venture capital fund to invest in startup firms and technology developing and […]
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‘They are in a bear current market rally’: Tech’s on a roll, but some sector professionals are not convinced
A single of 2022’s worst-performing sectors is building rather a turnaround — investors are interested in tech all over again, right after shunning it for the much better element of final calendar year. The tech-major Nasdaq Composite has so considerably been this year’s greatest-doing Wall Avenue index, owning received about 14.5% considering that the start […]
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CNBC Daily Open: U.S. stocks don’t seem bothered by inflation, ignore jump in retail sales
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
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CNBC Daily Open: U.S. stocks don’t seem concerned about inflation, disregard jumping retail sales
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Goldman Sachs scraps idea for direct-to-buyer credit score card immediately after technique shift
Vital Details A Goldman credit score card would’ve been aspect of a suite of products to help enhance the income margins and loyalty of its retail endeavours, according to people today with awareness of the matter. When it scaled again designs to turn out to be the key lender for the masses, the rationale for […]
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Sandwich chain Subway is exploring a possible sale
In this photo illustration, a Subway sandwich is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Sandwich giant Subway confirmed Tuesday it is exploring a possible sale. A deal could value the chain at more than $10 billion, according to report last month […]
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JPMorgan’s trading desk says the S&P 500 could be in for a wild trip after Tuesday’s customer selling price index report
Tuesday’s inflation report could send stocks for a wild experience, JPMorgan traders stated Monday. Slated to appear out at 8:30 a.m. ET, the buyer rate index gauges inflation by monitoring value changes within just a wide basket of merchandise. The January reading through is expected to present a 6.2% calendar year-over-calendar year boost, according to […]
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