Wells Fargo cuts hundreds of jobs in mortgage business - Bloomberg News
Synopsis by Reuters Dec 01 22
Wells Fargo & Co (WFC.N) has cut hundreds of jobs in its mortgage business across the ...Read full article 
Reuters: Wells Fargo cuts hundreds of jobs in mortgage business - Bloomberg News
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| Last Updated | Dec 01 22 |
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Paid articlePaid Wells Fargo (WFC) Sees NII Drop as Pressure from Depositors Mounts: Wells Fargo & Co. missed estimates for net interest income in the first quarter ...
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Biden counters RFK Jr. with Kennedy family endorsements: President Joe Biden will be endorsed by more than a dozen members of the Kennedy family at an event ...
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Quick Glance: Kennedy Family Backs Biden Over RFK Jr.
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- The decision to highlight the Kennedy family endorsement more than six months from Election Day is an indication of how seriously Biden's team is taking the threat of the long shot bid potentially using his last name’s lingering Democratic magic to siphon off support from the president.
- The Kennedy family's support was expected, given the known political differences with Robert Kennedy Jr., who originally challenged Biden in the Democratic Party and is now running as an Independent.
- Following the official endorsement, Biden and Kennedy family members intended to engage with supporters at a campaign event and were planning outreach efforts on behalf of Biden.
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Wells Fargo has worn its dunce cap long enough: The problem child of U.S. banking has been sitting on the naughty step for six long years ...
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China Consumer Price Gains Fade With Industry Stuck in Deflation: China’s consumer prices barely increased from a year earlier last month and industrial prices ...
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Paid articlePaid Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
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China Home Prices Fall as Slump Shows Few Signs of Abating: China’s home prices continued to fall in March, adding pressure on authorities to step up efforts to ...
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JPMorgan Stock Was Down After Earnings. What It Says About Banks and the Economy.
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
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EU to start China probe on medical device procurement, Bloomberg News reports: The European Union is set to launch an investigation into China's procurement of ...
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UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports
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Quick Glance: UBS Plans Further Layoffs in Credit Suisse Integration
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- Job losses are also anticipated in the Wealth Management and Markets units.
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Paid articlePaid Biden Surpasses Trump’s Record for Blacklisting Chinese Entities: President Joe Biden has added more Chinese companies and individuals to an export blacklist ...
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Paid articlePaid Chinese Cities Further Ease Homebuying Policies to Spur Sales: China’s local governments are stepping up the easing of rules for their housing markets ...
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Paid articlePaid China Exports Drop More Than Expected in Setback to Recovery: China’s exports slumped in March, dealing a blow to hopes that booming sales abroad will offset ...
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Home owners likely to pay higher mortgage rates for a while more, say market watchers
channelnewsasia.com/singapore/homeowners-higher-mortgage-rates-property-real-estate-interest-rates-finance-federal-reserve-4266046
Quick Glance: Homeowners Face Prolonged High Mortgage Rates Amid Market Challenges
- Currently, mortgage rates can be above 4 percent. An anticipated rate decrease is now expected by the end of next year.
- Observers noted a trend of homeowners transitioning to fixed mortgage rates due to a high interest rate environment.
- Real estate agents highlighted challenges in finding tenants with an oversupply of apartments in the market.
- Analysts suggested that homeowners may need to endure longer periods of high mortgage rates before seeing significant declines.
Fed Speeches: Latest on Remarks From Harker, Barkin, Kashkari, Others: Federal Reserve Bank of Cleveland President Loretta Mester suggested the central bank ...
bloomberg.com/news/articles/2024-04-04/fed-latest-philadelphia-s-harker-says-inflation-still-too-high
Paid articlePaid Javier Milei’s Bloomberg Interview: Takeaways from Argentina President: President plans a meeting with Elon Musk soon, he says in interview
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Paid articlePaid CNY USD: China Sticks to Yuan Support After Dollar Surges on Inflation Data: China signaled continued support for its currency as broad strength in the dollar ...
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Paid articlePaid FTSE 100 Live: What's Moving UK Markets, Right Now
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RBNZ Seen Pushing Back Against Bets on Early Interest-Rate Cuts: New Zealand’s central bank may this week push back against investor bets that interest-rate cuts ...
bloomberg.com/news/articles/2024-04-07/rbnz-seen-pushing-back-against-bets-on-early-interest-rate-cuts
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Wells Fargo Q1 results: Profit declines by 7%, beats market estimates: The bank's net interest income (NII) -- the difference between what it earns on loans and ...
business-standard.com/world-news/wells-fargo-q1-results-profit-declines-by-7-beats-market-estimates-124041201119_1.html
US Retirement Worries Subside as Wealth Rises: I’m Michael Sasso, an economy reporter in Atlanta, and today we’re looking at implications from flush US ...
bloomberg.com/news/newsletters/2024-04-03/us-retirement-worries-subside-as-wealth-rises
TSMC’s First Japan Plant to Hit 60% Local Procurement by 2030: Taiwan Semiconductor Manufacturing Co. told Japan’s Prime Minister Fumio Kishida that the ...
bloomberg.com/news/articles/2024-04-06/tsmc-s-first-japan-plant-to-hit-60-local-procurement-by-2030
Paid articlePaid Apple plans Mac line overhaul with AI-focused M4 chips, Bloomberg News reports: Apple is nearing the production of M4 computer processors which would have AI ...
reuters.com/technology/apple-readies-m4-chips-macs-bloomberg-news-reports-2024-04-11/
Quick Glance: Apple Plans Mac Models Update with AI Features via M4 Chips
- Apple plans to incorporate AI-centered M4 processing chips into almost every Mac variant to boost sales of the Apple Mac line through AI capabilities.
- According to insiders, Apple intends to replace every Mac model with the new CPU, which will be available in at least three main varieties.
- The new Macs are set to be released in late 2024 or early 2025, including new iMacs, Mac minis, high-end 14- and 16-inch MacBook Pros, and a low-end 14-inch MacBook Pro.
- The upcoming macOS version, to be unveiled in June at Apple's annual developer conference, will be showcased by the company and its AI processing capabilities.
China's Solar Manufacturing Boom: Market Forces, Not Words, Can Fix Overcapacity
bloomberg.com/news/newsletters/2024-04-09/china-s-solar-manufacturing-boom-market-forces-not-words-can-fix-overcapacity
China Solar Silicon Falls to Lowest Since 2020 Amid Overcapacity: Solar silicon prices in China plunged to a three-year low as overcapacity and fierce ...
bloomberg.com/news/articles/2024-04-11/china-solar-silicon-falls-to-lowest-since-2020-amid-overcapacity
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