Wells Fargo Beats Expectations With $6 Billion Profit in 2Q
Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues its rapid improvement.
Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues its rapid improvement.
Goldman Sachs had the second-best quarterly profit in the firm’s history in the quarter ended in June, helped by a strong performance in its investment banking division that more than made up for a decline in trading revenues.
Federal regulators say Berkshire Hathaway’s $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this week should have never been attempted because a similar deal drew strong opposition in the past.
JPMorgan Chase says its second quarter profits more than doubled from a year ago — a reflection of the improving global economy and fewer bad loans on its balance sheet.
Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, says it plans to more than double its number of charging stations throughout the United States and Canada.
Medicare is launching a formal process to decide whether to cover the new Alzheimer’s drug, Aduhelm, whose $56,000-a-year price tag and unproven benefits have prompted widespread criticism and a congressional investigation.
German Chancellor Angela Merkel doubts the dispute between her country and the United States over a nearly completed gas pipeline from Russia will be fully resolved at a meeting with President Joe Biden this week.
China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off.
Nordstrom says it’s acquiring a minority interest in four fashion brands owned by a British company called Asos as the department store aims to reach out to younger customers.
The heat wave that recently hit the Pacific Northwest subjected the region’s vineyards to record-breaking temperatures nine months after the fields that produce world-class wine were blanketed by wildfire smoke.