Wells Fargo CFO Warns of Credit Access Reduction
Wells Fargo CFO Mike Santomassimo says the bank had strong loan momentum this quarter but warns a presidential proposal would reduce consumer credit access.
Netflix's Warner Bros. Acquisition Bid Faces Paramount Hostility Amid Asset Valuation Dispute
Netflix's $72B bid for Warner Bros. Discovery faces a hostile takeover attempt by Paramount Skydance, which claims cable assets are worthless, but recent analyst coverage suggests higher value.
WuXi AppTec Reports Strong 2025 Results and Backlog at JP Morgan Conference
WuXi AppTec's co-CEO presented 2025 financials at the JP Morgan Healthcare Conference, citing growth from its CRDMO model and late-stage projects. Revenue reached 45.5bn yuan, with a backlog over 55bn yuan.
Johnson & Johnson and Procter & Gamble Report Strong Financials and Dividend Commitments
Johnson & Johnson and Procter & Gamble report recent quarterly results, highlighting sales growth, cash flow, and ongoing dividend payments. Both companies maintain their status as reliable dividend stocks.
Investors Shift Focus to Energy and Power in AI Boom
BlackRock's survey shows investors are diversifying AI investments, with over half favoring energy providers. Goldman Sachs warns of potential U.S. power shortages by 2030 due to surging data center demand.
Soybean Prices Rise as China Buys and Market Awaits Data
Soybean futures closed higher Wednesday. The USDA reported a large sale to China. Traders are looking ahead to upcoming data on exports and crushing.
Corn Futures Edge Higher on Strong Ethanol Data and Export Activity
Corn futures rose slightly Wednesday, supported by record ethanol production and South Korean purchases. Prices closed up 1 to 2 1/4 cents.
Cotton Futures Edge Higher as Market Data Shows Mixed Movements
Cotton futures rose slightly on Wednesday, with March contracts up 11 points. The Seam auction recorded sales at 60.08 cents/lb, while crude oil and the US dollar index declined.
ETF Flows Show Divergent Trends as U.S. Equity Sees Outflows
Recent ETF data reveals significant outflows from U.S. equity funds, led by VOO, IVV, and SPY, while inflows were seen in consumer staples, gold, and emerging markets. Total net flows were negative at -$1,207.38 million.
Understanding APR in Personal Loans
APR reflects the total cost of a personal loan, including interest and fees. It varies by credit score, income, and loan terms. Comparing APRs helps borrowers assess true costs.
Former AWS Executives Launch Hyperscale Data Center Platform with Investment Partner
LightHouse Data Centers, led by former AWS executives, partners with Wharton Digital to launch a hyperscale data center platform in North America, aiming to deliver over 2 GW of capacity for AI and cloud demand.
Abilene Motor Express to Merge into Swift Transportation
Abilene Motor Express, acquired by Knight Swift eight years ago, is being integrated into Swift Transportation. The move, effective January 27, involves transitioning drivers and contacting customers, as confirmed by internal communications from company leaders.
Mortgage Rates Drop After Trump Orders $200 Billion Bond Purchase
U.S. mortgage rates fell sharply after President Trump ordered a $200 billion mortgage bond purchase. The Federal Housing Finance Agency confirmed Fannie Mae and Freddie Mac would execute the buys, with an initial $3 billion purchase reported. The average 30-year fixed rate dropped to 5.99% on Jan. 9. JPMorgan Chase analysts expressed skepticism about the plan's market impact.
Borrowers Seek Low-Interest Personal Loans Amid Rising Rates
Borrowers with high credit scores and stable incomes are securing personal loans with APRs below the national average, as lenders offer competitive rates to creditworthy applicants.
Unsecured Loan Options Available for Borrowers
Banks, credit unions, and online lenders offer unsecured loans without collateral, including personal loans, student loans, and credit cards, with varying terms based on creditworthiness.