If the world’s major agriculture companies go ahead with planned mergers and gain greater control of the way food is produced, farmers will face higher costs and food will eventually become more expensive to buy, a panel of experts said on Friday. Continue Reading Below Since 2015, several high-profile deals […]
FAN Editor
A day after criticism, Trump offers support to Puerto Rico
President Donald Trump is assuring residents of hurricane-ravaged Puerto Rico that he “will always be with them.” His tweet Friday morning comes a day after he lashed out at the island, insisting that the federal government can’t keep sending help “forever.” He’d also suggested the U.S. territory is to blame […]
Bank of America, JPMorgan CEOs upbeat on the U.S. economy
Bank of America (BAC) CEO Brian Moynihan and JPMorgan (JPM) CEO Jamie Dimon may be banking rivals, but they’re on the same page when it comes to the U.S. economy these days. Continue Reading Below During Friday’s earnings conference call, Moynihan noted that the U.S. economy has shown strength which […]
BMW, Great Wall confirm Chinese Mini production talks
Luxury German carmaker BMW is in talks to produce its Mini models in China in partnership with Great Wall Motor Co., the Chinese carmaker said on Friday. Continue Reading Below The carmakers have been discussing plans to launch electric and conventional Mini models for 18 months, Great Wall said in […]
Social Security benefits to rise by 2 percent in 2018
Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year. It’s the largest increase since 2012 but comes to only $25 a month for the average beneficiary. The Social Security Administration announced the cost–of-living increase Friday. The COLA affects benefits for more […]
Netflix stock surges past $200 for first time
Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. The catalyst for the most recent surge was multiple top analysts on Wall Street raising their price forecasts for the company […]
WATCH: Members of Trump’s White House who’ve denied they’re departing
Now Playing: Affordable Care Act expert explains what the changes mean for you Now Playing: Fallout from Trump’s decision to stop Obamacare Now Playing: Trump threatens to ‘decertify’ the Iran Nuclear agreement Now Playing: Trump vows to rip apart Obamacare piece by piece Now Playing: Chief of Staff John Kelly: […]
GM not a ‘dying dinosaur,’ set to reclaim ground it lost to Tesla: Barclays
General Motors is poised to recoup ground it lost to Tesla and prove to investors that it’s not a “dying dinosaur” in the age of high-tech automobiles, according to a top Wall Street firm. Barclays raised its rating on GM’s shares to overweight from neutral on Friday, predicting that the […]
Wells Fargo hit by legal costs, revenue misses Street view
FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. February 10, 2015. REUTERS/Jim Young/File Photo October 13, 2017 (Reuters) – Wells Fargo & Co <WFC.N> earnings scraped past Wall Street estimates but revenue missed for the fourth straight quarter, sending shares of the […]
Wells Fargo 3Q results fall 18 percent due to legal costs
NEW YORK – Wells Fargo’s third-quarter profits dropped 18 percent, caused by a significant increase in the bank’s legal expenses tied to its mortgage practices before the financial crisis. Continue Reading Below The increase in legal expenses comes as the San Francisco-based bank tries to move beyond its recent phony […]