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The concerns for Wells Fargo starts with its failure to reach elite returns on equity—analysts see 15.3% this year versus a range of 17% to over 22% for Morgan Stanley JPMorgan Chase & Co. and Goldman Sachs Group Wells has seen falling net interest margins (the percent of the interest it earned on longer-term assets after subtracting the cost of interest-bearing accounts). Given that net interest margins are expected to drop 24 basis points year over year, net interest income growth would result from higher volumes.

By Caroline Valetkevitch and Niket Nishant July 1 (Reuters) - U.S. stocks finished slightly lower on Wednesday with falling technology shares, but gains in Meta Platforms provided some support along

Kroger said it would acquire privately held Giant Eagle for $1.65 billion. Kroger’s potential merger with Albertsons was blocked by a federal judge halted the deal in late 2024.

(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe

The payment resolves allegations that Alibaba Group and AUS Merchant Services allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S.

Yahoo Finance Tech Editor Dan Howley breaks down some of the day's biggest headlines, including Alphabet's Google (GOOG, GOOGL) being ordered by a Swedish court to pay nearly $2 billion to buy now, pay later platform Klarna (KLAR) in an antitrust suit.

(Bloomberg) -- Crossing $420 gets Tesla Inc. investors excited.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsAt least, that’s what data from Vanda Research show: The sum of five-day retail net buying picks up on aver

A Hollywood director who took $11 million from Netflix for a science fiction series but quietly moved the money into crypto markets instead, has been sentenced to 30 months in federal prison. According to the court filing, Carl Erik Rinsch, best known for directing Keanu Reeves in the 2013 film "47 ...

(Bloomberg) -- Caterpillar Inc. stock slid from a record high Wednesday after Michael Burry, made famous in The Big Short for his bets against the US housing market ahead of the 2008 crisis, said he shorted the industrial heavyweight for the first time. Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumb

JPMorgan Chase (NYSE:JPM) posted a fortress quarter as passive flows shovel capital into the iShares Russell 2000 ETF (NYSEARCA:IWM). JPM printed record markets revenue while the Russell reconstitution funneled $334 billion of mechanical buying into 2,000 small-cap names. Stacking the bank’s pristine balance sheet against a basket of floating-rate borrowers shows where defensive power sits ... Passive Indexers Are Shuffling Billions Into the Russell 2000 Just in Time for a Brutal Fed Reality Che

Neon secured rights to Artificial, a Sam Altman-focused OpenAI film previously tied to Amazon MGM.

Nike stock hit a 12-year low as a one-time tariff refund masked weak sales and analysts cut targets. Here are the key levels to watch.

Palantir stock is rising following the announcement of a partnership with Nvidia to build custom artificial intelligence models for the U.S. government.

By Valerie Volcovici and Timothy Gardner July 1 (Reuters) - Valar Atomics, a nuclear power startup, said on Wednesday it is partnering with Nvidia to develop a small data center in Utah that the

The sale of FedEx Supply Chain nearly triples Ceva Logistics' North American contract logistics footprint while sharpening FedEx's focus on parcel delivery.

Wall Street analysts are broadly bullish on SpaceX stock, with the latest from Wedbush saying the company could become a "major hyperscaler."

SpaceX’s stock slide may be a reason why the ChatGPT and Claude owners should go public before the IPO window shuts.

Robinhood said on Wednesday it plans to launch crypto trading in the UK and broadened its ‌perpetual futures offering in Europe beyond cryptocurrencies. • Eligible European investors will now be able to trade perpetual futures tied to ​commodities, ETFs and foreign exchange markets, including gold, silver, crude oil and the euro-dollar pair, with leverage of up to 10 times and round-the-clock trading, the company said. • Perpetual futures, commonly known as "perps," ‌are futures contracts with ⁠no expiration date and have drawn significant attention in the U.S. after the CFTC in May permitted ⁠their trading on domestic exchanges.

Investing.com -- Fresh off its historic debut on the public markets, Elon Musk’s SpaceX is keeping the momentum going. The newly public aerospace and tech giant has reportedly showcased a prototype AI-interaction device to investors. The hardware, described as sleeker and thinner than an Apple iPhone, marks an ambitious consumer tech play for the company. SpaceX presented the prototype to key stakeholders and institutional investors in a series of private meetings, according to a report from the

Robinhood Markets is continuing its push into the world of crypto, unveiling a flurry of new products and platform updates at a product event in London. In Europe, Robinhood will offer a broader variety of perpetual futures to traders, including those tied to currencies, commodities and major exchange-traded funds. Perpetual futures are a kind of derivative that trades at all hours and allows investors to pile on leverage.

(Bloomberg) -- It’s only been a few weeks since Kevin Warsh took the helm of the Federal Reserve, but analysts are already concerned that one of his key promises — a quieter central bank — will lead to more volatility in the market.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumbent in ColoradoUS Deci

Even though Micron stock is falling, there is some good news for investors today.

China sales remain a key concern as the company works through its turnaround plan.

OpenAI and Anthropic could burn overeager investors in the same way SpaceX did.

South Korea's antitrust regulator accused Google of abusing its dominance in the Android app market.

US lifts export controls on Fable 5 and Mythos 5 after Anthropic addresses safety concerns.

Tesla, Caterpillar, Applied Materials and an ETF of chip stocks are in the idiosyncratic investor’s crosshairs.

Sandisk stock is under pressure today, but there is actually some positive news for investors.

SK Hynix builds the memory chips wired into Nvidia’s most advanced AI processors, supplying a component so scarce that customers now reserve production years in advance. This week the South Korean company asked U.S. regulators for permission to list its shares on the Nasdaq for the first time in ...

Bullion climbed 0.6% as investors weighed possible Fed rate hikes and advancing US-Iran technical talks.