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The Latest Breaking News from Wells Fargo

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

Fortune

'Every day is another challenge': Wells Fargo vice chair of public affairs says the bank is still on its journey to rebuilding trust

Wells Fargo is still dogged by its 2016 'fake accounts' scandal, and each day is a chance to either rebuild or lose more trust.

Fortune

Criminal gangs might be selling your identity to fraudsters. Here’s how and how to protect yourself.

They use sham bank accounts and online marketplaces to create “drop accounts” to steal from almost anyone — and some banks do little to fight the fraud. One victim: the Illinois EPA.

Chicago Sun-Times

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Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Capital & Main

Cord-Cutting To Hit 8.1% in 2023: Analyst

Loss of subs could drive M&A activity, Wells Fargo’s Steven Cahall says

Broadcasting & Cable

As Climate Crisis Worsens, Debate Heats Up Over Transition to Clean Energy and Bank ‘Greenwashing’

More banks targeted for financing fossil fuel activity, including via a ‘hidden pipeline.’

Capital & Main

Texting about work? Don’t risk it if you’re a CFO

The SEC is cracking down on poor record keeping by financial firms where employees use texts or other phone apps for communication about business dealings.

Fortune

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Historic Steve Jobs Check Pre-Dating Apple Up For Auction

Signed by Jobs and Wozniak, the check likely linked to production of first Apple-1 Computers

Zenger

Wells Fargo Active Cash® Card review: Flat 2% cash back on all purchases and no annual fee

Whether you’re opening your first rewards card or you’re looking to add a high-octane cash back card to your wallet, the Wells Fargo Active Cash is among the best.

Fortune

Is the US interest rate tightening cycle finally over?

Even as US Fed raised its interest rates again on Wednesday, analysts are split if there will be another hike this year.

Al Jazeera

Are These 3 Industrial Stocks Quality Buys?

With the industrial sector's global shift toward greater sustainability enhancing its prospects, could these building material stocks, James Hardie Industries (JHX), Installed Building Products, Inc. (IBP), and Tecnoglass Inc. (TGLS), be quality buys? Keep reading to find out….

StockNews.com

Office real estate values are moving down so fast that banking giants like Wells Fargo are already bracing for losses

Wells Fargo CEO Charlie Scharf: "we are reserving for the weakness that we expect to play out in that market over time."

Fortune

Stock Market Today: Dow Outperforms After Blowout UnitedHealth Earnings

The major market indexes failed to make big moves despite a solid start to second-quarter earnings season.

Kiplinger

Jamie Dimon leads big banks’ earnings triumph: The economy remains ‘resilient,' but a ‘soft landing’ isn’t guaranteed

Despite stubborn inflation and rising interest rates that pose "salient risks," Jamie Dimon says he's hoping for the best.

Fortune

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Barchart

Stocks Mixed After Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning...

Barchart

Earnings Season: The Thrill of Victory, the Agony of Defeat!

Earnings season officially kicks off today! Bank stocks are on deck to report Q2 numbers and markets are nervous. With all the financial turmoil over the past few months, a lot of questions are about to be answered pertaining to the health and stability of our banking system.

Barchart

Two Undervalued Warren Buffett Stocks to Buy in July 2023

Warren Buffett is among the best value investors of all time and looks at a “margin of safety” when buying companies. Here are the two Buffett stocks that look relatively undervalued in July 2023.

Chicago Sun-Times

Bank of America hit with $250M in fines, customer refunds for ‘double-dipping’ fees, fake accounts

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation.

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news in one place.

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Kiplinger

Stock Market Today: Markets Rise Ahead of CPI; Activision, Amazon Stocks Outperform

A federal judge said Microsoft can proceed with its purchase of Activision Blizzard, while Amazon.com was added to Wells Fargo's "signature picks" list.

Fortune

I work at a Wells Fargo call center. Here’s why people like me can save America’s banking system

"By respecting our voice on the job, Wells Fargo can work with us to become the best bank for workers, customers, and yes, shareholders."

WEKU

Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

Tribune News Service

A $1.8 trillion student debt burden set to again threaten US consumers

The U.S. Supreme Court’s ruling throwing out President Joe Biden’s student loan relief plan will likely further dent consumer spending at a time when the main engine of the economy is already stalling.

The Independent UK

Medical credit cards may lead patients to overpay for their health care, Democrats warn

A group of Democratic senators is asking the Consumer Financial Protection Bureau to take action against medical credit cards such as CareCredit, saying the cards’ deferred interest features are confusing and often lead to consumers paying high interest rates after a promotional period has ended

Barchart

Has Pinterest Become a FOMO Stock to Buy for the Second Half?

Midday in Wednesday trading, Pinterest stock is up more than 5%. Up nearly 14% in the past month, there’s an argument to be made that PINS has become a FOMO stock.

Multichannel News

Wells Fargo Named Preferred Credit Card for Shopping on NBCU Shows Including ‘Project Runway’

Bank will also sponsor NBCU content

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