News

Wells Fargo says regulators have lifted a key penalty tied to its 2016 fake accounts scandal

The Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail products and services.

UK economy slipped into technical recession at the end of 2023

The U.K. economy slipped into a deeper-than-expected technical recession in the final quarter of last year, initial figures showed Thursday.

Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more

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

Deflation: Here's where prices fell in January 2024, in one chart

The U.S. economy is seeing some consumer categories deflate, or fall in price. That's largely happening for prices of physical goods.

As London loses another listing, analysts are wary of writing off the UK capital

TUI became the latest company to ditch its share listing in London, as shareholders voted for the German travel giant to list solely in Frankfurt.

As online romance scams rise, banks ask for help to save victims billions

Romance scams are run by organized criminal gangs that set up phony social media avatars and use those to connect to potential American victims.

Here’s the inflation breakdown for January 2024 — in one chart

The consumer price index rose by 3.1% in January 2024, a smaller annual increase than in December.

Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warns

Evercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.

Digital banking giant Revolut is launching phone plans for travelers in the UK

Digital banking startup Revolut is launching travel eSIM plans in the U.K. that give users access to data abroad without suffering roaming charges.

Oil stocks share a bullish similarity with semis, but 'no one cares,' VanEck CEO says

Investors may want to consider putting money to work in a lagging part of the market. According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal.

Policy changes look to reduce 401(k) plan 'leakage'

Workers frequently cash out their retirement accounts when changing jobs. That can cost them in the long run.

Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year

Overdraft revenue is on the decline, but recent filings show that JPMorgan Chase and Wells Fargo remain by far the largest generators of the controversial fees.
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