 | | | | The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it was taking immediate action to understand and resolve how "hundreds of thousands" of mortgage borrowers' bank accounts were debited for duplicate payments after a mortgage servicer announced the error on Monday. | | | | | | In announcing a $50-billion share buyback on Tuesday, Google-owner Alphabet Inc (GOOGL.O) confirmed a paradoxical dynamic: its core advertising business is so profitable, and so dominant, that it has few options for usefully deploying its cash. | | | | | | What's a fair price when you are selling something to yourself? On Wall Street, that's not a trick question. | | | | | | Goldman Sachs' long-planned online migration of some lucrative prime-brokerage businesses picked up steam during the pandemic as hedge funds and investors working from home were unable to meet in person, while other Wall Street banks are taking more measured steps. | | | | | | President Joe Biden's forthcoming capital gains tax hike proposal would affect only a 0.3% slice of U.S. taxpayers, a top economic aide said on Monday. | | | | | | While it's still early in the earnings period, a record percentage of first-quarter profit reports from major U.S. companies are coming in above analysts' expectations. | | | | | | Mutual fund manager Friess Associates is challenging its firing by asset manager Affiliated Managers Group (AMG.N) and is asking investors to reject the proposed transfer of more than $1 billion in funds to its successors, according to a regulatory filing made on Thursday. | | | | | | Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government's pandemic relief efforts, said analysts. | | | | | | The pandemic is becoming less dominant in the markets and other risks, such as inflation and a stock market correction, are rising, as vaccines fuel optimism and recovery, a top official at Norway's $1.3 trillion wealth fund said on Wednesday. | | | | | | On the heels of blockbuster earnings from major U.S. banks, investors are focused on whether an upcoming batch of earnings from major technology-related companies can sustain the season's early momentum. | | | | | |
