In this article WFC Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the firm set aside funds for bad loans and was stung by declines in its equity holdings. Here are the numbers: Earnings per share: 74 cents, including an
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In this article M00-FF BLK RIO-GB UNH PINS WFC Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance
A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The average monthly rent for a Manhattan apartment surpassed $5,000 for the first time — and brokers say demand and prices are headed even higher into the fall. The average apartment rent in June was $5,058, the highest on record, according to a report
Morsa Images | DigitalVision | Getty Images For some retirees, there’s an extra cost associated with Medicare premiums that can ambush their household budgets. Most Medicare enrollees pay the standard premium amounts for Part B (outpatient care) and Part D (prescription drugs). Yet an estimated 7% of Medicare’s 64.3 million beneficiaries end up paying extra
Blue Heron’s cliffside spec house spans three levels in San Diego’s La Jolla neighborhood. Blue Heron This newly built cliff-side mansion overlooking the Pacific Ocean in Southern California comes with an ambitious $32.5 million asking price. It’s one of the most expensive homes for sale in San Diego County, and that price tag puts it
Dat meldt onder andere persbureau AFP. Het document wordt op 20 juli officieel gepubliceerd. De ministers van de lidstaten die over energie gaan, debatteren er dan op 26 juli over. Hoewel de problemen met gas zich waarschijnlijk pas in de winter voordoen, raadt de Europese Commissie nu al aan om energie te besparen. Wat immers
De extra eisen aan bedrijven die elektriciteit en gas leveren aan consumenten, gaan vooral over het versterken van de financiële betrouwbaarheid. De leveranciers moeten hun financiële continuïteit en risicomanagement versterken. Ze moeten laten zien dat zij financieel gezond zijn, een goed businessplan hebben en een verstandige inkoopstrategie. Ook moeten de bedrijven dan regelmatig liquiditeitsprognoses en
You’ve heard the term capital gains tax. But what is that exactly? Is that something you pay? If so, when? Whenever you sell something — a house, car, company stock, or even gold or silver coins — you typically either make or lose money on the investment. That’s also referred to as a gain or
In this article DIS ESPN Mike Windle | ESPN | Getty Images Disney is increasing the price of its sports streaming service ESPN+ to $9.99 per month, a 43% increase. The previous price of ESPN+ had been $6.99 per month. The increase will kick in on Aug. 23. An annual subscription to ESPN+ will jump
Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis. Patrick T. Fallon | AFP | Getty Images Citigroup is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings
Citigroup offices in New York City. Adam Jeffery | CNBC Check out the companies making headlines in midday trading. Pinterest — Shares of the image-sharing social media company surged 15% on a report from the Wall Street Journal that Elliott Management has acquired a more than 9% stake. Citigroup — Citigroup rallied 11% after second-quarter
Financial experts typically recommend being careful how you allocate your money, lest you run out of it. But for billionaire Bill Gates, running out of money is the goal. The Microsoft co-founder announced this week that he’s donating $20 billion to the Bill & Melinda Gates Foundation, while reiterating his pledge to give away “virtually