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CFPB fines Equifax $15 million for errors on credit reports

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The Consumer Financial Protection Bureau fined Equifax $15 million over errors tied to consumer credit reports, alleging the company failed to conduct proper investigations of disputed information, the federal watchdog announced Friday. Equifax is one of three major credit reporting agencies in the U.S., a group that also includes Experian and TransUnion. “Equifax ignored consumer […]

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Stocks making the biggest moves midday: Novo Nordisk, J.B. Hunt, Qorvo and more

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Check out the companies making headlines in midday trading. Crypto stocks – Stocks tied to crypto prices jumped amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as the first day of his new term. Shares of crypto exchange operators Coinbase and Robinhood advanced 4.5% and

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Stocks making the biggest moves premarket: J.B. Hunt, Qorvo, Fastenal and more

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Check out the companies making headlines before the bell. J.B. Hunt Transport Services – Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at

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106812898 1608219115007 gettyimages 506728980 CAPITAL ONE EARNS

Capital One acknowledges 'outage' as users report issues accessing deposits

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Capital One said an unspecified technical issue was hampering customer account access Thursday, as some users reported issues with direct deposits. In response to complaints on social media platform X, a Capital One representative said the bank was experiencing a “tech outage” that was affecting “a variety of functions,” with no timetable for a restoration of

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Trump and bitcoin: BlackRock predicts another historic year for crypto

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Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief. Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year. “There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made

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Wall Street banks had a great quarter, and the boom times are just starting

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American investment banks just disclosed a record-smashing quarter, helped by surging trading activity around the U.S. election and a pickup in investment banking deal flow. Traders at JPMorgan Chase, for instance, have never had a better fourth quarter after seeing revenue surge 21% to $7 billion, while Goldman Sachs’ equities business generated $13.4 billion for

Wall Street banks had a great quarter, and the boom times are just starting Read More »

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Fed Governor Waller sees potential for multiple interest rate cuts in 2025

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Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to follow so long as economic

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Stocks making the biggest moves midday: UnitedHealth, First Solar, Morgan Stanley, Taiwan Semiconductor and more

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Check out the companies making headlines in midday trading. Netflix — The streamer added 1% on the back of Seaport’s upgrade to buy from neutral. The firm put out its call ahead of the company’s earnings report next week. UnitedHealth Group — The stock shed more than 4% after UnitedHealth’s fourth-quarter revenue missed analysts’ expectations.

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This stock will be one of the biggest beneficiaries from Trump's deregulation, says Bank of America

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Goldman Sachs should be particularly helped by President-elect Donald Trump’s preference for deregulation, Bank of America suggested. Less oversight can boost investor confidence that Goldman will provide sustainable returns on equity, analyst Ebrahim Poonawala told clients on Wednesday. In fact, he said Goldman should be one of the clearest winners from this type of policy

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Stocks making the biggest moves premarket: UnitedHealth, Morgan Stanley, Target, Southwest & more

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Check out the companies making headlines in premarket trading. UnitedHealth Group – Shares dropped more than 3% after the company’s fourth-quarter revenue came in below Wall Street’s expectations. UnitedHealth posted $100.81 billion for the top line, while analysts surveyed by LSEG were expecting $101.76 billion. Earnings, however, beat the Street’s estimates. Morgan Stanley — The

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