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The Latest Breaking News from Wells Fargo

With interest rate hikes in Jerome Powell’s rearview mirror, Wall Street starts a new guessing game: Timing when the Fed will cut

With Powell touting “progress” on inflation, the Fed predicted three rate hikes next year—but many on Wall Street see four or even five.

Fortune

Wells Fargo To End Longtime Sponsorship Of PGA Tour Signature Event

The news comes just one day after Jon Rahm's departure for LIV and represents another big blow for the Tour

Golf Monthly

Report: Wells Fargo ending sponsorship deal with PGA Tour after 2024 event at Quail Hollow

Another sponsor is leaving the PGA Tour.

USA Today Sports Media Group

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Elizabeth Warren and Wall Street just declared a truce: ‘I am not usually holding hands with the CEOs of multibillion-dollar banks’

The Massachusetts senator known for being tough on the financial industry has a new target in her sights.

Fortune

Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers

The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

Fortune

Wells Fargo Stock Gets A Bump With Rising Relative Strength, Yet Stock Falls

Wells Fargo shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

Investors Business Daily

Lululemon Athletica (LULU) Earnings Watch: Fashion Stock Buy or Sell?

After a solid year-to-date rally, Lululemon Athletica (LULU) shares faced a setback on account of a downgrade by Wells Fargo. With the company’s third-quarter earnings release on the horizon, would it be wise to take a bullish stance on the stock? Let’s find out….

StockNews.com

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Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says

Morgan Stanley forecasts a 3% drop in home prices next year—just half of the 6% price increase this year.

Fortune

Q3 Streaming Revenues Grew 4% From Prior Quarter to $16.7 Billion, Wells Fargo Reports

Analyst Steven Cahall expects revenues exerted to hit $76.9 billion by 2024

Broadcasting & Cable

Wells Fargo is facing a potential challenge that could affect your everyday banking

Employees at the bank are pushing for a change that can revolutionize the banking industry.

The Street

Wells Fargo workers at two US branches of bank launch efforts to unionize

Employees in Albuquerque, New Mexico, and Bethel, Alaska, make rare move to organize staff in financial industry

The Guardian - US

Wells Fargo Autograph Visa Card review: A travel rewards card for the budget-conscious consumer

Our comprehensive review of the Wells Autograph Card’s benefits, welcome bonus and how it compares against competitors.

Fortune

Inflation means your grocery bill has skyrocketed ahead of Thanksgiving. Here’s how prices have changed—and why it’s so expensive

The price of turkey may have dropped, but Americans will still see higher grocery costs ahead of Thanksgiving.

Fortune

JPMorgan (JPM) and Wells Fargo (WFC): A Look at the Road Ahead for These Banking Giants

Most traders and analysts believe the Fed is done with its rate hiking cycle. However, the central bank officials have left the door open for further rate hikes. In this piece, I have discussed the current environment of the U.S. banking industry and whether one should consider investing in banking…

StockNews.com

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The Street

Consumer favorite retailer files Chapter 11 bankruptcy

A major provider of party supplies has filed for Chapter 11 bankruptcy seeking to sell its assets.

Fortune

This rewards card from Upgrade pays you 2.2% back on all purchases

Earn cash back on purchases and pay off your balance in fixed installments over time.

Barchart

Should You Buy These Breakout Cathie Wood Stocks After Earnings?

These 2 growth stocks have earned their place in famous investor Cathie Wood’s flagship Ark Innovation ETF, and Wall Street analysts rushed to raise their price targets after earnings. But are these names a good buy right now?

The Street

Wells Fargo discloses an SEC investigation into cash sweeps option

The nature of the bank's most recent headache has been revealed.

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news in one place.

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Investors Business Daily

OLLI Stock, IBD Stock Of The Day, Tests Trendline Entry As Bargain Shoppers Boost Discount Retailers

IBD Stock Of The Day: Ollie's Bargain Outlet nears buy point as OLLI stock rallies 65% in 2023. Consumers trade down, discount retailers hold up.

The Guardian - UK

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

Fortune

The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it's all because of 'higher for longer' mortgage rates

“The residential sector now appears to be contracting alongside the recent move higher in mortgage rates,” the bank’s economists wrote.

The Guardian - UK

‘Why everyone should be able to live their rich life’: Ramit Sethi on taking the fear out of personal finance

For many of us, money is far too tight to mention. But Ramit Sethi is here to tell us otherwise. The bestselling author and presenter wants to get to the root of our worries and show us why we need to think differently about money

Fortune

Latinos are becoming a major economic force in U.S.

Latinos are becoming larger contributors to the U.S. economy thanks to greater income and education.

Investors Business Daily

Tesla Earnings Slide 37%; Cybertruck Coming But Elon Musk Issues This Warning

Tesla earnings in Q3 fell more than expected amid weaker deliveries and ongoing price cuts. But Cybertruck deliveries will start next month.

Investors Business Daily

Expectations 'Quite Low' For Tesla's Third Quarter With All Eyes On Upcoming Cybertruck

Analysts expect Tesla's quarterly EPS to be its lowest in two years.

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