County Wells Financial News

24.10 / 12:45

UPS Citi reports Spotify moves higher as investors digest results, outlook; Analysts react positively

(Updated — October 24, 2023 8:32 AM EDT)

23.10 / 14:23

Ford President cover reports GM, Ford slip after UAW warns of more walkouts, analysts say deal is close

(Reuters) — Shares of U.S. automakers Ford Motor (NYSE:F) and General Motors (NYSE:GM) slipped about 1% each in morning trade on Monday after the United Auto Workers (UAW) union warned of more walkouts unless a new labor deal is reached.

23.10 / 11:41

COST Booking Citizens pandemic Shell KeyCorp Smaller Banks Look to Shrink Their Way Back to Health

Regional banks have shelled out more and more to depositors to get them to stick around. For many, that still hasn’t been enough. After an ugly third quarter, banks rolled out plans last week to try to shrink themselves back to health.

23.10 / 11:27

UPS Strategy economy ICE Nov track NOT Why Treasuries are not the ‘world’s safest asset’ right now

A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say.

23.10 / 08:43

Citi Art Booking Waters Parke Morningstar gatherings Super fund QSuper hands back keys to NYC office tower

Industry super fund QSuper handed back the keys to a prime New York City midtown office tower after its investment went under water just 2½ years after valuing the asset at $US540 million ($855 million) on its books.

22.10 / 04:09

Citi Manufacturing Strategy economy ICE Nov Bill Wild treasuries swings just starting as bond traders ‘buckle up’

Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say. Dubbed the “world’s safest asset,” Treasuries have proven anything but recently as dramatic moves in yields become an almost daily occurrence.

19.10 / 14:01

Target Nike Fortinet performer reports analyst Foot Locker stock sliding on Goldman downgrade: 4 big analyst cuts

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Foot Locker, Canada Goose, Fortinet , and Graphic Packaging Holding.

19.10 / 12:53

COST UPS Waves Manufacturing Netflix Tesla reports fall Tesla, Foot Locker, Canada Goose fall premarket; Netflix rises

Investing.com — U.S. futures steadied Thursday after the previous session’s losses, as investors awaited a key speech from Fed chair Jerome Powell for clues towards future monetary policy.

19.10 / 10:13

Citi Booking economy Remark show reports gatherings US economy little changed in recent weeks: Fed's Beige Book

Wells Fargo Advisors SVP Mark Smith reveals which stock market sectors are poised to break out on 'Making Money.'

18.10 / 13:21

COST Provident Lowe's Fox economy Department Housing starts rebound in September amid spike in mortgage rates

Washington Examiner columnist Tiana Lowe Doescher and FOX Business' Lydia Hu join 'Making Money' host Charles Payne to discuss the impact of the housing crisis on young people.

18.10 / 13:17

Lowe's FIVE economy show reports Department US single-family housing starts rebound sharply in September

WASHINGTON (Reuters) — U.S. single-family homebuilding rebounded sharply in September, boosted by demand for new construction amid a dearth of previously owned homes, but the highest mortgage rates in nearly 23 years could slow momentum.

17.10 / 17:57

UPS CEO economy performer travelers BofA profit beats estimates on interest income, decade high trading revenue

By Manya Saini and Nupur Anand

17.10 / 17:51

COST JPMorgan Chase reports Goldman Sachs, Pulling Back From Consumer Lending, Reports 33% Decline in Profit

Goldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a big drop in revenue in its asset and wealth-management division. The bank on Tuesday said quarterly profit was $2.1 billion, down 33% from a year ago. That amounted to $5.47 per share, which beat the $5.42 per share expected by analysts polled by FactSet.

17.10 / 16:07

COST FIVE Fox CEO reports Homebuilder sentiment continues downward spiral amid spike in mortgage rates

Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.'

17.10 / 11:25

CEO Patrick Choice Hotels goes public with $7.8B offer for rival Wyndham after talks break down

Choice Hotels International (NYSE:CHH) disclosed it made an offer to acquire rival Wyndham Hotels & Resorts, Inc. (NYSE:WH) for $90 per share in cash and stock. The two have been in merger talks for six months but Wyndham has since disengaged, Choice Hotels states.

17.10 / 11:25

UPS JPMorgan Citigroup BNI reports BNY Mellon beats profit estimates on boost from higher interest rates

(Reuters) -Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender's income from loans.

17.10 / 10:45

Provident JPMorgan Citigroup Chase country reports Goldman's results, U.S. retail sales, County Garden - what's moving markets

Investing.com --Goldman Sachs releases its latest quarterly results in difficult circumstances, while retail sales will provide clues of the health of the U.S. consumer. County Garden nears debt default, while oil markets look to Venezuela for potential supply.

17.10 / 04:27

UPS CEO Apple economy Solomonic reports Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expects

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16.10 / 19:33

COST FIVE CEO Platform Strategy gossips Wells Fargo advisors jumping internally — to FiNet

Wells Fargo Advisors, the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors and independent advisors, is betting big on its independent advisor business, in which an advisor works as either an independent contractor or registered investment advisor.

16.10 / 14:09

UPS UBS RBC President RBC Wealth adds $450M wirehouse team in Philadelphia

A team of six has moved to the RBC Wealth Management branch in Philadelphia having managed $450 million in client assets at Morgan Stanley.

16.10 / 10:41

UPS NASDAQ DOW reports Dow futures tick higher; earnings season comes into focus

Investing.com — U.S. stock futures edged higher Monday at the start of a busy week for corporate earnings, while geopolitical tensions remain to the fore.

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