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CEOs Trumpet Smaller Workforces as a Sign of Corporate Health
Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.
Privatize or downsize the USPS? Rural customers worry either hurts them
Rural letter carrier Roger McDonald missed driving his 150-mile route outside Scottsbluff in northwestern Nebraska earlier ...
There’s a ‘scary’ recession warning hidden in the too-good-to-be-true economic data, Wells Fargo warns
"It never quite rang true that consumer spending was completely unfazed by the sudden implementation of tariffs," Wells Fargo ...
US retail sales growth, steady job market bolster Fed's rate-cut delay
U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the ...
Winston-Salem Journal12d
Wells Fargo reports 12% second-quarter profit gain as bank emerges from Fed asset cap
The 12.4% profit gain for the second quarter comes in Wells Fargo & Co.'s first quarterly report since the Federal Reserve Board's June 3 decision that allows the bank to ...
Wells Fargo Stock Slides as Bank Lowers Its Outlook for a Key Measure of Profitability
Wells Fargo on Tuesday lowered its outlook net interest income, a key measure of profitability, sending shares lower.
Wells Fargo workers allege union-busting again
Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR exec at the bank is coercing ...
Wells Fargo snaps streak of revenue misses, but the stock is falling. Here's why.
Total revenue grew 0.6% to $20.82 billion to top the FactSet consensus of $20.75 billion. That snapped a three-quarter streak of quarterly top-line misses, as growth in the consumer and commercial ...
Stocktwits on MSN12d
Wells Fargo Stock Tumbles After Tepid Q2 Results, Guidance Cut For Net Interest Income
Shares of Wells Fargo & Co. (WFC) tumbled on Tuesday morning after the bank posted tepid performance in the second quarter.
Inflation is finally supposed to show a tariff-related increase. The Fed still might cut interest rates anyway.
Inflation is finally supposed to show a tariff-related increase. The Fed still might cut interest rates anyway. Where's all the inflation from the Trump trade wars? So far, the evidence really hasn't ...
Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares
Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, sending the shares of the lender down 2% in trading before the bell. The bank expects its ...