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JPMorgan Chase yield still lags peers, even after latest dividend increase

JPMorgan Chase & Co. on Wednesday said it would hike its quarterly dividend by 9.5%, but even with the boost, its yield still lags those of its peers. The Dow component will pay $1.15 a share, up from $1.05 previously and $1 a year ago.

Best places to retire for people who love wine country

There are beautiful retirement spots across the country and in a range of budgets

General Mills’ stock jumps after profit beat as price gains offset volume drop

General Mills’ stock jumped Wednesday, after the consumer-foods company reported fiscal third-quarter profit that rose above expectations, as price increases and cost savings helped offset volume declines.

Pound falls as U.K. inflation at fresh 2-year low bolsters bets the Bank of England will adopt dovish tone on Thursday

The pound and U.K. government bond yields fell Wednesday after a report showed inflation at its lowest in more than two years

Nasdaq’s stock drops after $1.6 billion offering from stock-exchange parent

Borse Dubai is selling nearly 27 million shares to reduce its stake in the Nasdaq to 10.8%.

Temu parent PDD’s stock soars as improving consumer sentiment fuels profit beat

PDD’s stock powered higher Wednesday, after the China-based e-commerce company and parent of fast-fashion platform Temu reported fourth-quarter earnings that rose well above expectations, citing signs of improving consumer spending.

There’s gas in the tank for a post-FOMC rally so stick with the stock-market winners, says Wall Street bull

Fundstrat Global Advisors, Tom Lee, makes a bet on a post-Fed rally, offering five reasons for that and stocks he thinks investors should hold onto.

BioNTech’s stock sinks after earnings miss, as inventory writedowns weigh

BioNTech’s stock sank toward a more than two-year low Wednesday, after the Germany-based biotechnology company reported fourth-quarter results that fell sharply below expectations, weighed down by inventory writedowns by COVID-19 vaccine collaboration partner Pfizer.

Wells Fargo’s stock has reached a fair price after runup, analyst says

Citigroup cuts Wells Fargo rating to neutral on ‘balanced’ risk/reward but boosts price target

Income annuities help retired workers — and life insurance companies are managing them responsibly

Labor Department’s fiduciary rule runs counter to the life insurance industry’s practices.

Mortgage rates back at 7% ahead of Fed meeting

Mortgage applications fell 1.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.97%.

Intel lines up $8.5 billion in Chips Act funding, sending its stock higher

The Department of Commerce struck a preliminary deal with Intel that will provide the company with up to $8.5 billion in direct funding and $11 billion in loans through the Chips Act.
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