Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations.
Schlagwort-Archiv: Markets
Delta reports first profit since 2019 thanks to federal aid, improving revenue as travelers return
Delta’s quarterly report came in better than Wall Street estimates as travelers returned and federal aid drove it to its first profit since 2019.
Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans
While Citi topped expectations for revenue, the figure declined 12% from a year earlier.
Bank of America shares fall after low interest rates squeeze second-quarter revenue
Bank of America said revenue declined from a year earlier because of a 6% drop in net interest income due to lower interest rates.
Op-ed: Stablecoin is the future of virtual payments. How wise regulation can foster its growth
Stablecoins, which are pegged to an underlying asset, can shake up the virtual payments industry – if regulation allows it to grow.
Earnings season starts with sky-high stock prices and soaring expectations
On paper, second-quarter earnings season looks like the mother of all earnings reports, with estimates having risen steadily for the past six months.
Cryptocurrency trading volume plunges as interest wanes following bitcoin price drop
Virtual currencies are in a summer slump as they navigate a two-month correction period following a string of negative stories.
NASA chief says Richard Branson’s flight was a great milestone in human space exploration
„We put up Alan Shepard and Gus Grissom into suborbit 60 years ago, and now we’ve come to this,“ NASA Administrator Bill Nelson told CNBC on Monday.
Many 401(k) investors don’t use target-date funds the right way
A third of target-date fund investors save money in multiple 401(k) funds, according to Vanguard data. That may skew risk over time.
Mastercard and Verizon announce new partnership for 5G contactless payments
The alliance, which aims to yield innovations by 2023, looks to further digitize and disrupt global consumer spending at retailers and other merchants.