Category: Top Story
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Wells Fargo sees continued expansion in credit card lending this year
Wells Fargo expects overall loan growth to continue this year, with credit cards and auto lending leading the way, while its mortgage business is showing signs of stabilizing after a prolonged downturn, Chief Financial Officer Mike Santomassimo said on Tuesday. Speaking at the UBS Financial Services Conference, Santomassimo highlighted steady momentum in the card portfolio.“On…
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U.S. CPI Cools, Wall Street Eyes Rebound After Tech-Led Sell-Off: Dow Jones, S&P 500 and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a slightly higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. The futures had been pointing to continued weakness on Wall Street but regained ground following the release of the Labor Department’s highly anticipated report…
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U.S. CPI Inflation Cools to 2.4% in January as Consumer Prices Rise Less Than Expected
The Labor Department released a highly anticipated report on Friday showing consumer prices in the U.S. increased by slightly less than expected in the month of January. The report said the consumer price index rose by 0.2 percent in January after climbing by 0.3 percent in December. Economists had expected prices to rise by another…
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IEA Flags Slower Oil Demand Growth in 2026 as Supply Expansion Cools
Global oil demand is expected to grow more modestly in 2026, while supply gains are also set to slow following weather-related disruptions and production setbacks earlier this year, according to the International Energy Agency. In its latest monthly report, the IEA said worldwide oil supply slipped to 106.6 million barrels per day in January, down…
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Falconedge PLC Outperforms Market Volatility with Successful Bitcoin Yield Strategy and US Expansion
In a recent interview on The Watchlist, Ricki Lee sat down with Roy Kashi, CEO of Falconedge PLC (USOTC:FEDGF), to discuss the company’s impressive early-year performance. Despite a turbulent period for cryptocurrency prices, Falcon Edge has reported a second consecutive month of gains from its Bitcoin yield strategy and successfully extended its reach into the…
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U.S. Stocks Move Sharply Lower Amid AI Disruption Concerns
After ending Wednesday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Thursday. The major averages once again failed to sustain an early upward move and pulled sharply as the day progressed. The major averages saw further downside going into the end of the day, closing near…
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Crocs soars on earnings beat and upbeat 2026 profit forecast
Crocs (NASDAQ:CROX) shares jumped roughly 15% in premarket trading Thursday after the footwear group delivered a stronger-than-expected fourth quarter and issued an earnings outlook for 2026 that comfortably topped Wall Street forecasts. For the fourth quarter, Crocs reported earnings per share of $2.29, beating the consensus estimate of $1.91. Revenue reached $958 million, exceeding analyst…
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Tripadvisor shares slide after sharp fourth-quarter earnings miss
Tripadvisor Inc. (NASDAQ:TRIP) shares dropped more than 4% in premarket trading Thursday after the online travel group reported fourth-quarter results that fell well short of Wall Street expectations. The company posted adjusted earnings of $0.04 per share for the quarter, missing analyst forecasts of $0.17. Revenue totaled $411 million, slightly below the consensus estimate of…
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Hyatt slips in premarket despite Q4 earnings surge
Hyatt Hotels Corporation (NYSE:H) reported fourth-quarter adjusted results that comfortably outpaced Wall Street expectations, though shares edged 0.67% lower in premarket trading. The hotel operator delivered adjusted earnings per share of $1.33 for the quarter, well ahead of analyst forecasts of $0.37. Comparable system-wide RevPAR rose 4.0% year over year in the fourth quarter, while…
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Futures Signal Early Bounce for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock futures are pointing to a firmer open on Thursday, suggesting equities could recover after finishing Wednesday’s uneven session slightly in the red. Contracts extended gains following fresh Labor Department data showing that initial claims for unemployment benefits declined less than economists had anticipated last week. According to the report, first-time jobless claims fell…