Articles

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.

Oil prices pull back from 5-month highs ahead of supply data, Fed meeting

Oil futures pull back as traders await inventory data and the outcome of a Federal Reserve policy meeting.

I’m 59, and have a $280,000 underwater mortgage on a house I bought for $100,000. Should I sell?

“I owe $280,000 after using the equity and simultaneously having my equity used up by unscrupulous mortgage companies.”

Apple CEO Tim Cook makes trip to Shanghai following slump in Chinese sales

Cook’s visit comes ahead of the opening of a new Apple store in central Shanghai on Thurdsay

Boeing CFO says cash flow to be hit by production delays

Boeing’s CFO said cash flow will be worse than the company had expected even back in January as the troubled plane maker focuses on quality after a spate of incidents.

Want to live to 100? Great. How will you pay for that?

The number of Americans aged 100 and older is projected to surge over the next 30 years.

As Alzheimer’s deaths rise, diagnosis is often delayed 

As Alzheimer’s disease claims the lives of increasing numbers of people in the U.S., detection and diagnosis of the condition aren’t keeping pace with the challenge, a new report shows.

Kering stock dives as Gucci forecasts sales to skid by 20%

Gucci owner Kering also posted a 4% drop in sales over 2023

‘Mr. Yen’ says authorities may soon intervene as Japanese currency eyes multi-decade lows

An influential former foreign exchange official in Japan said Tokyo may enter the market to support the currency if it falls much further against the buck.
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