Here’s what the Wells Fargo cross-selling scandal means for the bank’s growth
Wells Fargo’s reputation is in tatters following reports of mass-scale fraud. Regulators have fined the bank repeatedly and capped its growth.
John Fetterman ‘has no work restrictions’ as he recovers from stroke, PA Senate hopeful’s doctor says
The doctor’s assessment came as Fetterman’s auditory processing ability has continued to draw questions about his health in the late stages of the campaign.
Hyundai says Biden’s new EV tax credit rules deal ‘astronomical’ blow to business
The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive said Wednesday.
CDC recommends Novavax’s Covid shots as mix-and-match first booster to Pfizer or Moderna
Novavax’s Covid shots rely on protein technology used in other vaccines for decades, rather than the messenger RNA used in the Pfizer and Moderna vaccines.
BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
The investment will include $1 billion for production of EVs at BMW’s South Carolina plant, and $700 million to build a new battery-assembly facility.
15 risky and hated stocks that could rally if market keeps bouncing
The major averages are up this week on the back of strong corporate earnings results.
Apple chipmaker TSMC reportedly considers Japan expansion as China tensions continue
The TSMC news comes as global leaders have voiced concern about Taiwan’s continued independence from China.
66% of American workers are worse off financially than a year ago due to inflation, report finds
As the cost of living keeps rising, more Americans are struggling financially. Nearly three-quarters have less in savings than last year.
Spirit shareholders approve takeover by JetBlue after long battle for discount airline
Spirit Airlines shareholders have approved a takeover by JetBlue Airways, ending a six-month battle to create the country’s fifth-largest carrier.
Millions at risk of losing health insurance if U.S. ends Covid public health emergency in January
When the public health emergency does end, HHS estimates up to 15 million people will be disenrolled from Medicare and the Children’s Health Insurance Program.
