Friday, 21 February 2020

US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal

Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.
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US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal
Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years. Read more »
 
Bridal gowns could be in short supply for wedding season because of coronavirus
With the summer wedding season around the corner, the coronavirus outbreak could leave brides-to-be in panic: Some may be unable to get the wedding gown they want for their big day. Read more »
 
How Victoria's Secret lost its way
Victoria's Secret has struggled to keep pace with shifting consumer tastes. Five years ago, Victoria's Secret produced nearly two-thirds of the revenue for its parent company, which was then worth $28 billion. This week, Victoria's Secret was taken private in a deal that values the brand at just $1.1 billion. Read more »
 
Stocks slide as investors struggle with rising number of coronavirus cases outside of China
The Dow and the broader stock market dropped Friday as investors continued to struggle with pricing in the potential fallout from the coronavirus outbreak. Read more »
 
Twitter is Wall Street's favorite social media stock
Twitter's decision to not accept ads from politicians -- even though the social media platform is used frequently by President Donald Trump and the Democratic presidential contenders -- appears to be paying dividends. Read more »
 
Sprint's stock is in the double digits for the first time since 2014
Sprint may soon be a dead brand now that its blockbuster merger with T-Mobile is set to close in April. But there's good news for long-suffering Sprint investors: Its shares briefly topped the $10 level Friday for the first time since January 2014. Read more »
 
 
 
 
Dow Nasdaq S&P
-227.57   -174.37   -35.48
28,992.41   9,576.59   3,337.75
-0.78%   -1.79%   -1.05%
YTD +1.59%   YTD +6.73%   YTD +3.31%
 
Biggest Winners
Deere & Co +7.00%
 
Gilead Sciences Inc +4.03%
 
Mosaic Co +3.90%
 
Packaging Corp of America +3.29%
Biggest Losers
Hasbro Inc -9.01%
 
Advanced Micro Devices Inc -6.97%
 
Devon Energy Corp -5.33%
 
Charles Schwab Corp -4.92%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $53.37 -0.01 / -0.02%
Gold $1,646.10 -2.70 / -0.16%
10-yr 1.47% -0.05
Euro $1.08 +0.01 / +0.55%
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