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Discover shares drop as company sets aside an extra $1 billion to guard against souring credit

Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profits that missed expectations and said it had set aside more money to cushion against potentially tougher conditions for consumers.

You’re completely debt-free. No mortgage. No car payments. No student loans. Does your credit score even matter?

Credit history is still important for utilities, phone services and insurance.

Fed’s Michelle Bowman talks up compromise as comments on bank capital requirements roll in

Fed governor who opposed new capital rules is "cautiously optimistic" about a compromise between regulators and banks on Basel III requirements.

Bitcoin had a nice 2023. Why smaller crypto assets could now see bigger gains.

A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.

Tesla could be staring down a year of ‘growing pains,’ analyst cautions

Wells Fargo expressed caution about automotive earnings in general for the latest quarter but said Tesla "screens the most at risk."

Credit-card interest rates have been hitting record highs, but they might have just peaked

Credit-card holders with whiplash from two years of fast-climbing interest rates and fast-growing balances just got a little bit of good news.

‘Worn-out’ investors are contributing to AMC’s stock slide, Stocktwits says

Shares of movie-theater chain and original meme-stock darling AMC continued their slide Wednesday

Fisker loses its biggest bull as EV maker’s stock breaks the buck

Shares of Fisker Inc. extended their losses below $1 after the electric-vehicle maker lost its most bullish analyst, who cited the company's continued accumulation of "unanticipated growing pains" for his loss of faith.

VanEck to liquidate its bitcoin futures ETF after launching spot fund

VanEck said Wednesday that it will liquidate its bitcoin futures exchange-traded fund at the end of this month, as the firm expects investor appetite to shift to newly approved funds investing directly in the cryptocurrency.

Fed’s Beige Book finds signs of cooling labor market across most of the country

There were signs that the labor market was cooling in nearly all regions of the country, according to a Federal Reserve survey released Wednesday.

Netflix’s ad model and sharing crackdown are paying dividends

Rosy outlooks from Wall Street are being fueled by a digital ad market that "appears to be holding up relatively well as we exit 2023 and enter 2024," Piper Sandler analyst Matt Farrell wrote Tuesday.

‘The industry weathered the storm’ of bank failures in a difficult 2023, says Bank of America Chief Executive Brian Moynihan

Banks "figured out" what banks can do and what they shouldn't do.
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