Tuesday, December 20, 2022

Wells Fargo fined $1.7 billion for 'illegal activity' including unjust foreclosures, vehicle repossessions

Federal regulators fined Wells Fargo $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that harmed over 16 million consumer accounts.
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Wells Fargo fined $1.7 billion for 'illegal activity' including unjust foreclosures, vehicle repossessions
Federal regulators fined Wells Fargo $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that harmed over 16 million consumer accounts. Read more »
 
Morgan Stanley warns US profits could drop like in 2008, tanking stocks
One of Wall Street's top executives is worried about a repeat of 2008. At least, partially. Read more »
 
Disney should spin off ESPN and ABC, analyst says
Disney, like most media companies, had a rough year. But one Wall Street analyst has an idea for how Disney could get back on track. Read more »
 
Main Street's buying stocks while Wall Street sells: What gives?
It's been a rollercoaster year for stocks. The S&P 500 is down more than 20% year-to-date and 2022 is likely to end up as the sixth-most volatile year since the Great Depression. Read more »
 
Congress may pass new retirement rules. These 7 changes are on the table
There soon may be new retirement rules in place that could make it easier for Americans to accumulate retirement savings — and make it less costly to withdraw them — if lawmakers pass a major spending package this week. Read more »
 
American home building slumped again in November
Home building pulled back in November, as buyers faced spiking mortgage rates topping 7% that make homes increasingly unaffordable, even as rates fell slightly through the month. Read more »
 
 
 
 
Dow Nasdaq S&P
+92.20   +1.08   +3.96
32,849.74   10,547.11   3,821.62
+0.28%   +0.01%   +0.10%
YTD -9.60%   YTD -32.58%   YTD -19.82%
 
Biggest Winners
Newmont Corporation +4.43%
 
Schlumberger NV +3.87%
 
Halliburton Co +3.77%
 
General Electric Co +2.91%
Biggest Losers
Factset Research Systems Inc -5.39%
 
General Mills Inc -4.58%
 
VF Corp -3.38%
 
United Parcel Service Inc -2.69%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $75.99 +0.61 / +0.81%
Gold $1,827.80 +30.10 / +1.67%
10-yr 3.68% +0.10
Euro $1.06 +0.00 / +0.13%
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