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Daily Business Review

Wells Fargo to Pay $3.7 Billion for Mistreating Customers

Wells Fargo & Co. agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau to settle a variety of allegations of mistreating…
2 minute read

Daily Business Review

Bank of Japan Yield Pivot Rips Across Global Stocks, Bonds

Many economists now expect the Bank of Japan to raise interest rates next year, joining the Federal Reserve, the European Central Bank and others after a decade of extraordinary stimulus.
3 minute read

Daily Business Review

Oil Fluctuates Amid Low Trading Volume and Weaker Dollar

China's efforts to revive its economy by removing harsh COVID-19 curbs is spurring hopes of higher consumption in the long term.
2 minute read

Daily Business Review

2022, the Year That Changed Banking in Europe

After a decade of struggling to keep up with Wall Street, European banks are enjoying a rare period of outperformance, buttressed by four large interest rate increases in the span of just half a year.
8 minute read

Daily Business Review

Tesla Rally Fizzles on Fear of Lasting Twitter-Related Risk

Elon Musk has taken his cues from Twitter users on decisions ranging from whether he should trim his stake in Tesla to if he should reinstate former President Donald Trump's account.
2 minute read

Daily Business Review

Highest Interest Rates in 15 Years Derailing American Dream

As the Federal Reserve's most aggressive interest-rate hike cycle in a generation filters through the U.S. economy, the gap is widening between the haves and the have-nots.
7 minute read

Daily Business Review

Goldman Sachs Set to Cut as Many as 4,000 Workers

Goldman Sachs' latest cuts appear to go beyond the firm's annual exercise of weeding out underperforming staff, which was the focus just months ago.
1 minute read

Daily Business Review

Why 2022 Was Wild Year for Traders Who Bet on Dealmaking

An unusually volatile dealmaking environment meant merger arbitrage traders needed a higher-than-average tolerance for risk this year.
5 minute read

Daily Business Review

In Europe, Companies Will Have to Disclose Gender Pay Gap

While female employees are paid less in every EU member state, there are large variations between individual countries.
2 minute read

Daily Business Review

Fallen FAANGs, Nasdaq Wipeout Mark 2022 for Tech Stocks

Surging inflation and interest rates have eroded the favorable conditions that contributed to tech's yearslong advance, raising the prospect of recession in 2023.
5 minute read

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