News

Wells Fargo shares tumble after net interest income falls short of estimates

The San Francisco-based bank recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, marking a 9% year-over-year decline.

China's imports unexpectedly drop in June, but exports beat forecasts

China's imports fell in June, missing expectations for slight growth, while exports grew more than expected, customs data released Friday showed.

JPMorgan Chase is set to report second-quarter earnings – here's what the Street expects

While JPMorgan has passed numerous stress tests lately, it's possible the bank's consumers could begin showing more strain from higher interest rates.

China gears up for next week's Third Plenum meeting. Here's why real estate isn't likely the main focus

China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels.

These 3 stocks are set to bounce once the Fed finally lowers interest rates

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

High inflation is largely not Biden's or Trump's fault, economists say

Inflation surged to its highest level since 1981 during the pandemic era. That was primarily driven by dynamics outside White House control, economists said.

Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers

More than 100,000 customers of fintech apps like Yotta, Juno and Copper have been locked out of their accounts since May.

China's robotaxi push sparks concerns about job security for drivers

China's yearslong effort to develop robotaxis is starting to gain traction with consumers — and rattling taxi drivers who are worried about losing their jobs

Ethereum ETF countdown: Bitwise CIO sees 'birth of a new asset class'

Spot ether ETFs could hit the market as soon as this week, pending SEC approval, and Bitwise’s chief investment officer plans to get in on the action.

Watch Fed Chair Jerome Powell testify live before the House financial services panel

The central bank chief is set for his second day of testimony on Capitol Hill.

The Fed may soon cut interest rates. That could make your next trip abroad more expensive

The Federal Reserve raised rates aggressively to tame high inflation, supporting the U.S. dollar. Cutting rates may weaken it versus foreign currencies.

Bill Gross says Tesla is the new meme stock

Longtime investor Bill Gross believes Elon Musk's Tesla is behaving like a speculative play among retail investors.
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