Wells Fargo sees borrower defaults starting to rise from low levels reached during pandemic
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Bloomberg | Getty Images Wells Fargo is seeing borrower defaults...
Goldman CEO Solomon sees policy, not the pandemic, as the biggest risk ahead for markets
Congress and the Federal Reserve will have more impact on what happens to the economy and markets than the pandemic, Goldman Sachs CEO David Solomon said Tuesday. Both entities have implemented never-before-seen levels of policy help totaling about $10 trillion...
Stock futures are flat after a rebound in markets as investors reassess omicron risk
Stock futures were flat in overnight trading on Monday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant. Futures on the Dow Jones Industrial Average rose just 15 points....
Dow futures jump 190 points despite recent tech stock selling, bitcoin’s weekend rout
Dow futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve’s move to tighten policy. Futures contracts tied to the Dow Jones Industrial...
Bitcoin continues weekend volatility, now at $48,000
Business Trends Graphs and charts 3d image Vertigo3d | iStock | Getty Images Bitcoin prices dipped about 3% on Sunday morning, continuing a weekend of wild trading that sent the cryptocurrency tumbling more than 17% in just 24 hours. The...
These 4 states pay unemployment benefits to unvaccinated workers who were fired
Xavier Lorenzo | Moment | Getty Images Some states are making it easier for Americans to collect unemployment benefits if they’re fired for being unvaccinated against Covid-19. The governors of Florida, Iowa, Kansas and Tennessee signed laws in recent weeks...
Crypto investors see looming NFT bubble but tout staying power of the underlying tech
Visitors look at an immersive art installation titled ‘Machine Hallucinations Space: Metaverse’ by Refik Anadol at the Digital Art Fair Asia in Hong Kong, Oct. 3, 2021. Lam Yik | Bloomberg | Getty Images MIAMI BEACH, Fla. – Even if NFTs...
America’s chronic labor shortage is ‘primary focus’ for Northrop Grumman in 2022, CEO says
WASHINGTON – Northrop Grumman CEO Kathy Warden said the ongoing labor shortage plaguing the nation was a primary focus for America’s defense business. “When I think about the challenges that we all might face going into next year, the labor...
Nearly 1 million more jobs were created this year than the government first estimated
A construction worker passes a job site at Metropolitan Park, the first phase of new construction of Amazon’s HQ2 development Arlington, Virginia October 13, 2021. Kevin Lamarque | Reuters If you would have believed the Labor Department, August and September...
Stocks making the biggest moves midday: DocuSign, Didi, Nvidia, Tesla and more
A logo of ride-hailing giant Didi Chuxing displayed on a building in Hangzhou in China’s eastern Zhejiang province. STR | AFP | Getty Images Check out the companies making headlines in midday trading. DocuSign — The software stock plunged 40%...