Apple is Buffett’s biggest stock but moat thesis faces questions
Tim Cook and Warren Buffett Getty Images (L) | CNBC (R) Berkshire Hathaway’s Warren Buffett was still using a flip phone as late as 2020, four years after his investment…
Bank of America (BAC) earnings Q1 2024
Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking. Here’s what the company reported: Earnings: 83…
JPMorgan Chase, Wells Fargo cut overdraft revenue to $2 billion in 2023
Pedestrians pass a JPMorgan Chase bank branch in New York. Michael Nagle | Bloomberg | Getty Images The three biggest American retail banks collected 25% less overdraft revenue last year…
Treasury yields pull back as big economic data releases come into view
U.S. Treasury yields were lower Wednesday as investors brace themselves for two key pieces of economic data in the second half of the week. The yield on the benchmark 10-year…
Stocks making the biggest moves midday: United Airlines, CVS, Tesla, Citi, DocuSign and more
These are the stocks posting the largest moves in midday trading. Source link: https://www.cnbc.com/2024/01/12/stocks-making-the-biggest-moves-midday-ual-cvs-tsla-c-docu.html
10-year Treasury yield is little changed after cool inflation data
The core personal consumption expenditures price index, the Federal Reserve’s preferred core inflation metric, increased 0.1% for the month of November, and was up 3.2% from a year ago, the…
Treasury yields fall as traders assess prospects of future Fed rate cuts
The 10-year U.S. Treasury yield retreated on Tuesday as traders continued to assess the prospect of future rate cuts from the Federal Reserve. The yield on the benchmark 10-year note…
Wells Fargo mortgage lenders probed over racial discrimination
People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage…
CFPB fines Bank of America $12 million for mortgage violations
A man walks past an ATM outside Bank of America Corp. headquarters in Charlotte, North Carolina, May 2, 2016. Chris Keane | Bloomberg | Getty Images WASHINGTON — The Consumer…
Citigroup considers deep job cuts in Project Bora Bora
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington,…