Over five years, Wells Fargo fired 5,300 employees for opening as many as 2 million fake deposit accounts. In many cases, customers were unaware of the accounts and any associated fees. Some accounts were placed into collection, forcing customers to fight with debt collectors.
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
(Bloomberg) -- Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc. Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeFrance’s Macron Calls for Reset of Economic Ties With ChinaTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron Seeks to Reset TiesThe Massachusett
One of Buffett's favorite stocks of all time topped his list of buys in 2023.
Steward Health Care System, the largest U.S. physician-owned hospital operator, on Monday morning filed for chapter 11 protection, marking one of the biggest hospital bankruptcies in decades.
The market rally made a bullish move Friday, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
M2 money supply hasn't done this in nine decades.
Who owns the second-most Berkshire Hathaway stock? That depends on a few factors.
Palantir shares have surged 36% this year—and more than 200% over the last 12 months—as the data analytics software company gains traction with its artificial intelligence applications, in particular with U.S. commercial customers. Investors will get fresh insights on how Palantir’s AI push is going when the company reports first-quarter financial results after the close of trading on Monday. Palantir’s fourth-quarter results were impressive, driven by strength in the company’s U.S. commercial business, which were, as CEO Alex Karp put it in an interview with Barron’s three months ago, “bombastic, baller, incomprehensibly good.”
These stocks have rock-solid businesses and they have impressive track records for paying dividends.
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.