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Why Wells Fargo sees potentially ‘good entry points’ in long-term bonds after yield surge

Long-term bonds look appealing to Wells Fargo Investment Institute after they were hurt by a surge in yields. Losses on long-term bonds recently deepened

October 13, 2023

Markets

Opinion: Rivian stock pays the price as timing of debt offering rattles investors — as does EV maker’s cash burn

Rivian Automotive Inc. reminded investors just how costly it is to make its electric vehicles, and how much money they will need to continue

October 13, 2023

Investment

CPI report shows headline inflation for September was hotter than forecast on rising shelter costs

The numbers: U.S. consumer prices climbed 0.4% in September, the Labor Department said Thursday. While the pace is softer than the 0.6% gain in

October 13, 2023

Economy

The ‘Great Resignation’ is over — and more workers are staying at their jobs, despite tight labor market

More workers are holding onto their jobs, even if they don’t necessarily feel optimistic about their employers’ future. The U.S. is expected to add

October 13, 2023

Finance

Wells Fargo lifts interest income forecast as profit exceeds estimates

By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo beat analysts’ third-quarter profit estimates and raised its annual forecast for income

October 13, 2023

Economy

Apple Launches ‘Connected Cards’ Using Open Banking In The UK

The upcoming Apple AAPL iOS 17.1 developer beta shows the first services for the new iPhone Wallet app powered by the U.K.’s Open Banking

October 13, 2023

Tech

The National Team Buys Low

Key News Asian equities had a strong day as Japan, South Korea, and Hong Kong outperformed, while India and Thailand were rare underperformers. We

October 13, 2023

Investment

California’s New Data Broker Law Could Be The First Of Many

California’s leading privacy regulations just became stricter. California Governor Gavin Newsom, a Democrat, signed into law the Delete Act, which requires data brokers to

October 13, 2023

Markets

How a government shutdown could affect student loan payments

With Congress potentially unable to reach an agreement on federal spending legislation to be signed by the president, the government could shutdown on Oct.

October 13, 2023

Finance

States with the highest credit card debt

Californians are racking up the most credit card debt, according to recent data from personal finance website WalletHub. Currently, consumers across the nation hold

October 13, 2023

Finance