Wells Fargo is once again in hot water with the government -- this time for forcing auto insurance on thousands of borrowers.
A New York regulator subpoenaed two Wells Fargo divisions Tuesday, demanding the big bank turn over loan agreements and other documents related to the auto insurance scandal, a person familiar with the matter told CNNMoney.auto bank borrowers CNNMoney customers insurance loan scandal Wells Fargo York
Another caveat: The Dow is a focused index of 30 stocks, and a price-weighted one, whereas the S&P 500 provides much more diversified exposure to 500 stocks, and that includes all 30 Dow stocks.
The price-weighting approach leads to further concentration: The top 10 holdings represent more than half of the portfolio and it prevents any Dow index funds from holding a few names with high share prices, like Alphabet, which would represent more than 20 percent of the portfolio if it were included.Dow era focused fund holding index investment investors price stock
Technology entrepreneur Rich Barton says government intervention on Amazon in the future is unavoidable.
Barton was asked about his views on Amazon in relation to the Department of Justice's antitrust investigation of Microsoft during the 1990s in a Bloomberg podcast interview.Amazon Barton Bloomberg companies Expedia founded interview Microsoft podcast Zillow
Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. Hi-tech nano-chips would be implanted in Australia’s “disappearing” cash under a plan floated by Michael Andrew, the head of the federal government’s Black Economy Taskforce.Andrew Australia consumer economy focused government head Michael note Taskforce
One-time high-flying natural gas producer Chesapeake Energy Corp. (NYSE: CHK) has seen its stock price plummet from more than $30 a share just three years ago to below $2 in early 2016 before posting a recent high of $8.20 late last year.
A volatility play known as a straddle is pricing in a 7.1% one-day post-earnings move in Chesapeake’s stock in either direction, compared with the average one-day move of 6.0% after the past 20 quarterly reports.asset Chesapeake debt earnings gas Natural one quarter sales stock
Indian companies are reluctant to disclose commodity price exposures and risks in their balance sheets even as they are relatively forthcoming with information on foreign exchange risks.
ICSI – CCGRT had, for the study, analysed the Annual Reports of top 525 Indian-listed companies based on their exposures in 62 different sectors including oil and gas, refineries/petro products, transport, textile, fertilisers, jewellery, and banking.Annual Reports cent commodity companies detailed disclosures disclosure foreign exchange Indian provided risks
After a short of a break from reporting, this article returns us to a previously covered stock: CyberArk Software (CYBR), to consider how it has performed since it was marked out as one to watch at the turn of the year, and if the stock's recent lows represent an opportunity to buy, or are indicative of a long term decline in the company's forward share price performance.
February highs were followed by a month long decline, albeit with some peaks as well as troughs, to $48.73, and the stock's recovery to $55.25 prove short-lived.CyberArk CYBR earning figures guidance income performance Revenue stock whilst
The Securities and Exchange Board of India (Sebi) directed 13 officials of the Multi Commodity Exchange (MCX) and 63 Moons Technologies, formerly Financial Technologies India or FTIL, to return a total of Rs 124 crore (including annual interest of 12 per cent) made unlawfully.
Sebi’s investigations revealed they, while in possession of unpublished and price-sensitive information (UPSI) on the National Spot Exchange (NSEL), sold shares to avoid huge losses.DCA Exchange FTIL July NSEL Rs crore Sebi shares trading UPSI
Back in May, I posted an update for copper where I shared my concerns about the possible negative impacts of the cooling Chinese economy. Then the two lines reflected the weakening data in Q1 of 2017, which brought concerns about the future dynamics of copper’s price to my mind this May.concerns consolidation copper drop huge mark metal pattern update upside
Snap's lockup period is expiring, allowing company insiders and early investors to unleash their shares into the market. MKM derivatives strategist Jim Strugger said that over the month preceding the lockup expirations of Facebook, Twitter and LinkedIn their stocks were down by an average of 24 percent, about the same as Snap's decline over the last month.common Dow insiders investors Jones lockup market shares SNAP stock