This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Forbes This past week we held the inaugur...
Tag: Wells
Wells Running Out Of Water, Making Meat From The Air, And Stealing $250 Million From Hungry Children
Climate Week in New York City has me buzzing. On Tuesday at Forbes’ inaugural Sustainability Leaders Summit, I led two back-to-back fireside chats about whether modern agriculture—built on cheap energ...
Fed should hike interest rate rates 150 basis points: Wells Fargo
It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s R...
Wells Fargo Shells Out $145 Million To End Feds’ 401(k) Investigation
Topline Wells Fargo agreed to pay $145 million to end a Department of Labor investigation into alleged malpractice with employees’ 401(k) retirement accounts Monday, in the latest major penalty for We...
Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation
Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...
Wells Fargo Cuts 75 Jobs In Home Mortgage Division. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears
Wells Fargo made its ninth round of job cuts in its home mortgage division this year as the housing market continues to cool substantially—the latest U.S. company to announce layoffs this summer as em...
Fed Money Comes To Plug Or Re-Plug Abandoned Wells In USA.
An orphan oil well, for which no one is taking legal or financial responsibility, sits abandoned in … [+] Kern County outside of Bakersfield, California The Washington Post via Getty Images Oil ...
2 Top Wells Fargo Dividend Stocks Yielding 8%
“Don’t Fight the Fed” was chapter 4 in investing legend Martin Zweig’s landmark book Winning on Wall Street. Zweig dedicated 40 pages to explain readers why they should “go with the flow” with respect...
Wells Fargo Botched Occidental Stock Sale for Employee Trust, Judge Rules
(Bloomberg) — Wells Fargo & Co. bungled the 2020 sale of Occidental Petroleum Corp. shares on behalf of an employee trust, leading to millions of dollars in losses when the bank failed to ex...
XRP Classified as “Digital Currency” by Goldman Sachs, Wells Fargo and HSBC: Report
Ripple recently scored a minor victory as Magistrate Judge Sarah Netburn granted Ripple’s request to serve non-party subpoenas to video hosting platforms to authenticate some videos of top offic...
Wells Fargo Mentioned Ripple (XRP) As A Digital Currency In August Report
– Advertisement – The top American financial institution refers to Ripple as a digital currency. In its recent report, Wells Fargo, an American multinational financial services company, ...
Wells Fargo Publishes A Special Crypto Report For Non-Crypto Users
A special report titled “Understanding Cryptocurrency,” is published by Wells Fargo, the U.S fourth largest bank. The report makes a comparison between digital assets and the invention of ...
Wells Fargo reportedly planning retreat in mortgage business
Wells Fargo is planning a retreat in its mortgage activities, according to a published report. Bloomberg News, citing unnamed sources, reported the number-one mortgage originator of commercial banks i...
Wells Fargo, digital assets are an “innovation on par with the internet, cars, and electricity”
Wells Fargo, the fourth largest bank in the U.S. by market capitalization, has released a special report entitled “Understanding Cryptocurrency,” which compares digital assets to the invention of “the...
Target shares have upside to $195: Wells Fargo
Target Corporation (NYSE: TGT) has bounced nearly 20% off its low in mid-June but a Wells Fargo analyst says the stock is still “oversold” and, therefore, worth buying. Target shares could jump anothe...
Wells Fargo Q2 profit down 48%: Pro explains why stock is ‘very attractive’
Shares of Wells Fargo & Co (NYSE: WFC) are up 8.0% on Friday even after the financial services company reported a 48% hit to its Q2 profit and revenue that came in shy of Wall Street estimates. We...
UnitedHealth, Wells Fargo, Pinterest and others
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 ...
Wells Fargo (WFC) 2Q 2022 earnings
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. Here are the numbers...
Wells Fargo Says These Eight Energy Stocks Can Weather a Recession
The year 2022 has been kind to oil companies, largely because price surges tied to Russia’s war on Ukraine. The S&P Oil & Gas Exploration & Production Select Industry Index has climb...
Wells Fargo downgrades Gap Inc as CEO Syngal steps down
Gap Inc (NYSE: GPS) is in focus on Tuesday after a senior Wells Fargo analyst downgraded the clothing retail company to equal-weight citing “deteriorating fundamentals”. Gap is facing a do...
Wells Fargo sees a recession hitting the US in mid 2023 — here are 3 stocks the big bank likes for both cash return and inflation protection
Wells Fargo sees a recession hitting the US in mid 2023 — here are 3 stocks the big bank likes for both cash return and inflation protection The year 2022 has been rough for investors. Year-to-date, t...
Economy still not ready for big rate hikes ahead, Wells Fargo CEO says
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflati...
How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying ...
Wells Fargo plans to increase dividend
Wells Fargo & Co. WFC, -1.28% said late Monday it expects to increase its third quarter dividend to 30 cents a share, from 25 cents a share, subject to approval by the company’s board at its...
Goldman Sachs and Wells Fargo Boost Shareholder Payouts
The largest U.S. banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession. Four of the six biggest ba...
U.S. Shale Drillers Begin Re-Fracking Existing Wells
Oil well re-fracking is on the rise in the United States as shale producers seek to boost production without making significant investments in new wells, Reuters has reported. Re-fracking appears to b...
Wells Fargo Stock Leads Banks As Stress Tests Boost Dividend Bets
Updated at 10:37 am EST Wells Fargo (WFC) – Get Wells Fargo & Company Report, and JPMorgan (JPM) – Get JP Morgan Chase & Co. Report traded higher Friday after the Federal Reserve...
Proppant Movement In Frac Casing Has Been Nailed Down, But How Important Is It Really For Shale Wells?
Pumping water mixed with sand in a fracking operation, for Anadarko in Franktown, Colorado. Denver Post via Getty Images Proppant consists of sand-sized particles injected with frac fluid during a fra...
Wells Fargo sees a recession brewing by next year — here are 3 stocks it’s keeping behind the emergency glass
Wells Fargo sees a recession brewing by next year — here are 3 stocks it’s keeping behind the emergency glass When the Fed announced the largest interest rate hike since 1994, the market did not...