WELLS FARGO
US stocks rise on strong jobs data, China trade talk optimism; Tesla rebounds
U.S. stocks surged on Friday, buoyed by a robust jobs report and renewed hopes for a U.S.-China trade deal, with the S&P 500 surpassing 6,000 for the first time since February. The Dow and Nasdaq also hit three-month highs. Tesla rebounded after a sharp decline, while tech giants like Amazon and Alphabet saw gains.
US stock market futures rise ahead of key jobs data release — what investors need to know about Dow, S&P 500, Nasdaq, tariffs, and economic outlook
US stock market future updates show Dow futures rising 60 points ahead of key jobless claims data and the ECB rate decision. Despite weak private payrolls and services PMI reports, traders stay hopeful as S&P 500 and Nasdaq futures hover near flat. Gold nears record highs, and Brent crude holds above $65 amid Saudi calls for more OPEC+ output. The US Dollar index dips below 99, reflecting economic worries. Investors await Friday’s official jobs report and the ECB’s rate announcement, which will guide market direction in the coming days.
Trump wants America to make things again. Does it have what it takes?
Amidst Trump's trade war and tariffs aimed at revitalising American manufacturing, companies face hurdles in bringing jobs back to the U.S.
Wall Street ends narrowly mixed in choppy trade on weak economic data
US stock market saw a mixed closing. S&P 500 was flat, Nasdaq rose slightly, and Dow Jones fell. Trade policies and weak economic data impacted market performance. The services sector contracted, and input prices increased. Investors are awaiting further labor market data. Tariff negotiations between the US and its trading partners remain a key focus for investors.
Wells Fargo shares hit three-month high as Fed ends growth freeze
Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, marking a crucial milestone in the bank's push to rebuild its reputation and grow further.
US stocks ticked slightly higher after private payrolls data
U.S. stocks edged higher, nearing record levels as the S&P 500 climbed, fueled by positive earnings reports from companies like Hewlett Packard Enterprise and Wells Fargo's regulatory relief. However, a weaker-than-expected ADP jobs report triggered concerns about the labor market's strength, prompting speculation about potential Federal Reserve interest rate cuts.
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US stocks end higher on Nvidia, trade talks hopes
Wall Street saw gains on Tuesday. Nvidia and other chip companies helped boost the market. Investors are watching for possible trade talks between the U.S. and its partners. Trump and Xi are expected to speak soon. The market is reacting to new economic data. Wells Fargo is free from its asset cap.
NYT Mini Crossword hints and answers for Monday, June 2: Here’s how to solve the five-by-five grid
Unlike the full-sized New York Times Crossword, the Mini Crossword is free to access and available both online and through the NYT Games app. Its compact grid and limited clues make it ideal for quick play, attracting both puzzle veterans and casual users.
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June
The US workforce is facing significant job cuts in June 2025, following widespread layoffs in the first quarter. Reports suggest nearly 160 companies across retail, pharmaceuticals, airlines, and other sectors are planning reductions. Federal agencies and corporate restructuring contribute to the economic uncertainty, exacerbated by tariffs. Here's a look at various American companies laying off employees in June.
Wall Street Week Ahead: Jobs data, tax bill, trade on tap for rebounding US stocks
US markets are nearing record highs, influenced by economic data and trade policies. Tax and spending legislation are under consideration. Donald Trump plans to negotiate the tax bill. The Senate will review the bill passed by the House. Trade war developments continue to impact global markets. Investors await the US employment report.
Laufey’s ‘A Matter of Time’ American Tour With Suki Waterhouse: Early access and presale details
Grammy-winning jazz-pop artist Laufey has announced her A Matter of Time North American tour, launching September 15. Featuring Suki Waterhouse as the opener, the 20-city arena tour supports Laufey’s new album, out August 22.
Major US banks to close all locations for 24 hours in weeks for upcoming federal holiday
Bank of America and Chase will close branches on June 19 in the United States for Juneteenth. Juneteenth is a federal holiday in the US and banks won't be the only establishments closing their doors for the day. All government offices, including city and state courts, will be closed as well.
Apple shares face more pain as Trump’s tariff threat looms
Apple Inc. shares are coming off their longest selloff in more than three years, as escalating attacks from the White House threaten to further erode the company’s profit outlook, suggesting the stock’s struggles this year are far from over.
Citykart’s big haul; A new AI race
Happy Tuesday! Value fashion retailer Citykart has raised fresh funds to fuel its expansion plans. This and more in today’s ETtech Morning Dispatch.
Financial services players take to agentic AI to automate workflows
HDFC Bank, SBI, and Wells Fargo are exploring agentic AI to automate workflows, enhancing efficiency and personalisation. Unlike traditional AI, agentic AI enables autonomous, end-to-end task completion across systems. The RBI’s upcoming guidelines may accelerate adoption in India’s financial sector, focusing initially on internal processes like customer onboarding and risk management.
Blow to $TRUMP memecoin? JPMorgan, BofA, Citi & Wells Fargo eye joint stablecoin to transform U.S. financial system
U.S. banking giants, including JPMorgan and Bank of America, are exploring a unified stablecoin, signaling a shift toward regulated digital assets. The move could disrupt political tokens like the $TRUMP memecoin and reshape the U.S. crypto landscape.
Some US banks explore venturing into crypto with joint stablecoin: Report
One bank consortium possibility that has been discussed would be a model that lets other banks use the stablecoin, in addition to the co-owners of the Clearing House and Early Warning Services, the Journal said, citing unnamed sources. Some regional and community banks have also considered whether to pursue a separate stablecoin consortium, it added.
Memorial Day 2025 weather forecast: Will sluggish storm dampen your plans? Check details
Memorial Day weekend in the US anticipates heavy travel, with potential weather disruptions east of the Rockies. Showers and thunderstorms are expected across the Plains and Mississippi valleys, posing flood risks. While the West remains mostly dry, postal services and banks will be closed on Monday, though some express delivery options will be available.
Reports say Jamie Dimon's time as JPMorgan CEO is winding down; investors say, "Don't go"
Jamie Dimon, JPMorgan Chase's CEO, is reportedly considering stepping down, though some investors are reluctant to see him leave. His influence is at its peak, particularly within the Trump administration. While potential successors like Marianne Lake are being considered, Dimon's departure poses a significant risk, given his exceptional performance and the bank's success under his leadership.
Wall Street advances on trade hopes, data shows investor pessimism
The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride. The University of Michigan Surveys of Consumers said its Consumer Sentiment Index slumped further in May while one-year inflation expectations surged to 7.3% from 6.5% last month.
Asian stocks, bonds climb as trade-truce rally holds
Shares in South Korea and Australia climbed early Friday, while Japan’s were mixed. US futures inched higher after the S&P 500 rose 0.4% Thursday. Canada’s stock benchmark hit a record with an eight-day rally.
Wall Street brings the Bitcoin versus Gold clash to ETF masses
Tidal Financial plans ETFs to capitalize on the Bitcoin vs gold rivalry, letting investors bet on which asset is the better inflation and crisis hedge. The launch would formalize a long-running ideological and financial clash over store-of-value supremacy.
ServiceNow, Nvidia expand partnership, launch new AI agent
ServiceNow and Nvidia unveiled Apriel Nemotron 15B, a new AI reasoning model, and launched the AI Control Tower and Workflow Data Fabric to optimise enterprise AI use. Deepening ties with partners like AWS and Microsoft, they aim to drive real-time, AI-powered business transformation across industries.
US Federal Reserve likely to hold rates steady as pressures mount
The Federal Reserve is expected to keep interest rates unchanged, citing high uncertainty due to trade policies. Despite concerns over tariffs, recent data shows stable inflation and employment. Markets anticipate future rate cuts. Fed Chair Powell may face questions on trade, inflation, and President Trump’s criticisms during the press conference.
Truist Championship 2025: Tournament’s TV schedule, streaming details, and all you need to know
The PGA Tour’s sixth signature of the season—Truist Championship—will tee off this week. The tournament, however, has been moved from its regular venue. It is likely going to be a star-studded affair with the who’s who of the golfing world. Here’s all the details you need to know about the upcoming Truist Championship 2025.
Sandhagen secures title shot with knee-tap TKO of Figueiredo in Des Moines
Cory Sandhagen defeated Deiveson Figueiredo at UFC on ESPN 67. Sandhagen won by TKO in the second round due to a knee injury. The victory puts Sandhagen in line for a bantamweight title shot. He called out the winner of Merab Dvalishvili versus Sean O’Malley. Figueiredo's bantamweight debut was unsuccessful. His knee injury requires medical attention.
Warren Buffett's best and worst investments in his 60 years leading Berkshire Hathaway
Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire.
UFC Fight Night Sandhagen vs. Figueiredo: Event date, time, how to watch and complete fight card
UFC Fight Night arrives in Des Moines, Iowa, with Cory Sandhagen taking on Deiveson Figueiredo in a bantamweight showdown. The event will stream live on ESPN+ and air on ESPN2. Fans can also watch through DirecTV, Fubo, Hulu + Live TV and Sling TV subscriptions.
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