Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City. Michael M. Santiago | Getty Images Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations. Here’s what the bank did compared to Wall Street estimates,
Charday Penn | E+ | Getty Images Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what’s being called “the horizontal wealth transfer,” according to a new report. Over the next 20 to 30 years, aging baby boomers and older generations are expected
97 / Getty Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which gauges how quickly prices are increasing. Physical goods have accounted for much
Puerto Rico Tax Competitiveness and Pillar Two Skip to content Table of Contents Key Findings Puerto Rico has long relied on low taxes to attract real investment and profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens.
In this article DG Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023. Scott Olson | Getty Images The U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12 million in penalties and implement
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.39 a share, according
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent
The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel Petroni The owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and hidden personality below. While the upper levels are adorned with
A shopper scans coupons in a grocery store in Washington, D.C., on May 23, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images The pace of inflation is coming down, which continues to point to a lower Social Security cost-of-living adjustment for retirees and other beneficiaries in 2025. The Social Security cost-of-living adjustment, or
The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress piecing together account information for stranded customers that could
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report