Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
Sandler O'Neill + Partners says Wells Fargo's announcement on Thursday that it found 1.4 million more potentially unauthorized account openings than previously thought isn't as bad as it seems because the bank reviewed a longer time period.
"It's important to keep this in context. Yes, the number of affected accounts was up by 65 percent or so, but it is important to bear in mind they basically doubled the amount of time in their review," banking analyst Scott Siefers said in a CNBC "Power Lunch " interview Thursday.
"Hopefully [with] today's disclosure … this should help to bring some closure to this facet of Wells Fargo's scandal."
The bank revealed on Thursday it uncovered the additional potentially unauthorized consumer and small-business accounts after an independent investigation into a sales scandal that erupted last year.
However, the Sandler O'Neill analyst said Wells Fargo is still facing other fundamental issues such as weaker sales growth and potential problems in various business segments.
"Wells Fargo investors have to wrestle with what's been a slowing top line revenue growth trend," he said. "There's still a litany of uncertainties out there. In that vein I think that the [valuation] discount is warranted still."
Wells Fargo declined to comment for this story.