News

Goldman Sachs unloads another business acquired under CEO David Solomon

Amid CEO David Solomon's push to unload or shutter several businesses tied to his retail banking plan, the high-net worth business was deemed too small.

Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more

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

European stocks set to open higher after Fed chair signals more rate hikes possible

European shares are set to open higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the Federal Reserve.

Chinese EV startup Xpeng shares soar after announcing $744 million deal with Didi

Chinese electric car company Xpeng has signed yet another joint car production deal.

Singapore's OCBC bank suffers brief outage, shares gain 1%

OCBC card, branch and ATM services were restored at 10.37 a.m.

Op-Ed: Less affordable homes don't just ruin American dreams, they're a threat to the economy

The National Association of Realtors said earlier this month its housing affordability index fell to its lowest level on record, going back to 1986.

Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more

These are the stocks posting the largest moves midday.

Wells Fargo repays clients $40 million for excessive investment advice fees

Wells Fargo for years didn't honor fee agreements between some financial advisors and their clients, the SEC said Friday.

Fed Chair Powell calls inflation 'too high' and warns that 'we are prepared to raise rates further'

Federal Chair Jerome Powell called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.

Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more

These are the stocks posting the largest moves before the bell.

China's EV slowdown drags down Nvidia's 'next billion-dollar business'

Chipmaker Nvidia this week soundly beat analysts' expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.

Powell's pivotal speech Friday could see a marked shift from what he's done in the past

Many expect the central bank leader to change his stance so that he hits the ball pretty much down the middle.
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