A new report from Athene highlights retirement planning challenges for 2026, citing market concentration and inflation risks amid a $4 trillion savings gap and growing private asset integration.
Wells Fargo's net income rose 5.5% to $5.4 billion in 2025, though severance costs impacted results. CEO Charlie Scharf said the bank can now compete on a level playing field after the Fed's asset cap was removed.
Saks Global, parent of Saks Fifth Avenue, filed for Chapter 11 bankruptcy on Wednesday, securing $1.75 billion in financing and appointing a new CEO. The company faces vendor disputes and sparse shelves after its debt-fueled Neiman Marcus merger.
Intel shares closed up 3.02% on Wednesday, with trading volume 60% above average. The company's server CPU capacity for 2026 is nearly sold out, amid AI demand and broader market movements.
Dan Galli, new president of the Financial Planning Association, discusses his transition from teaching, his goals to improve public understanding of financial planning, and challenges for advisors.
Medicaid's strict eligibility rules and high nursing home costs prompt asset protection strategies like trusts and annuities, though these tools have limitations and require careful planning.
U.S. stocks steadied Thursday with AI shares recovering after TSMC's strong report and oil prices falling sharply, while earnings season continued.
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 $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'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 recent quarterly results, highlighting sales growth, cash flow, and ongoing dividend payments. Both companies maintain their status as reliable dividend stocks.
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 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 rose slightly Wednesday, supported by record ethanol production and South Korean purchases. Prices closed up 1 to 2 1/4 cents.
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.