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Wells Fargo & Co. shares WFC, +1.86% rose 2% in premarket trade Friday, after the bank posted stronger-than-expected revenue for the third quarter, offsetting a profit miss. The bank posted net income of $3.528 billion, or 85 cents a share, for the quarter to end September, down from $5.122 billion, or $1.17 a share, in […]
JPMorgan Chase & Co. JPM, +1.66% shares rose 2.4% in premarket trades on Friday after the bank beat Wall Street targets for earnings and revenue. JPMorgan Chase said its third-quarter net income fell 16.7% to $9.74 billion, or $3.12 a share, from $11.69 billion, or $3.74 a share, in the year-ago quarter. Third-quarter revenue at […]
Bitcoin (BTC) delivered more surprises on Oct. 14 as the reaction to macro triggers saw a sudden run at $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto smoke shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to one-week highs, gaining almost $2,000 in hours. After the United States Consumer Price […]
U.S. stocks finished a week of extreme volatility sharply lower on Friday, even as the Dow posted a second weekly advance after inflation data showed little signs of pulling back from its roughly 8% advance in September from a year ago. The Dow Jones Industrial Average DJIA, -1.34% fell about 400 points, or 1.3%, ending […]
Shares of Alfi Inc. ALF, -74.45% plummeted 54.7% toward a record low in afternoon trading Friday, after the advertising software company disclosed that it filed for bankruptcy, about 17 months after going public. The company said considered all strategic alternatives before filing for bankruptcy. Under terms of the filing, all assets and liabilities will be […]
No decisions have been made yet on a dollar level for a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen told reporters on Friday. Speaking at a news conference as part of this year’s meetings of the IMF and the World Bank, Yellen said a price cap “will help stabilize global energy prices,” […]