News

Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach

Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end

A voter this year on the rate-setting FOMC, Harker noted progress in the fight against inflation and confidence in the economy.

Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more

These are the stocks posting the largest moves in premarket trading.

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

Italian bank shares slide after government surprises with windfall tax

Italian banking shares took a beating on Tuesday after Italy's cabinet surprised with a 40% windfall tax on lenders' "excess" profits in 2023.

China releases plans to restrict facial recognition technology

China is planning to restrict businesses' use of facial recognition technology in favor of non-biometric methods, according to the Cyberspace Administration.

Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and more

These are the stocks posting the largest moves in extended trading.

Stocks making the biggest moves midday: Tesla, Berkshire Hathaway, PayPal, Cinemark and more

These are the stocks posting the largest moves in midday trading.

Berkshire Hathaway rises as investors cheer strong earnings and Buffett's near-record cash stockpile

Berkshire's solid performance in insurance helped offset the softness in railroad due to lower volumes.

Stocks making the biggest moves premarket: Sovos Brands, BioNTech, Tyson Foods and more

Shares of Rao's parent Sovos Brands' popped 25% in premarket trading on news that Campbell Soup will acquire the pasta sauce maker for $2.33 billion.

Beyond Big Tech: Alternative ways to invest in A.I., according to two ETF experts

Two ETF experts explore ways to invest in artificial intelligence while diversifying beyond popular Big Tech stocks.

Goldman Sachs' future hinges on a low-profile, high-growth business

Goldman Sachs CEO David Solomon has hitched his fortunes to asset and wealth management after dropping his ill-fated retail banking effort.
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