Author: super@dmin
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Personal Finance Daily: Officials push for deeper scrutiny of racial bias in home-appraisal process and JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances
Friday’s top personal finance stories.
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Market Extra: Small-caps stocks outperform so far in 2023 as U.S. equities head for second week of gains this year
Small-cap stocks are outperforming large-cap U.S. equities this year, in an upbeat start to 2023 after suffering steep losses last year.
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Key Words: Bank of America’s Subramanian says S&P 500 earnings risk a 10% drop in 2023
Bank of America’s Savita Subramanian thinks the S&P 500 in 2023 could touch 4,600, but bottom out at 3,000, or about a 25% slump from current levels.
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The Ratings Game: These ‘Three Horsemen’ of cybersecurity most likely to weather slowing demand, Morgan Stanley says
Are businesses gun-shy because of a looming recession, or did they just load up early on new cybersecurity services?
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: Apple will examine commitment to workers’ rights after shareholder push
The tech giant had been facing a shareholder resolution on the issue because of accusations it is engaging in union-busting.
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: These top athletes are investing in corn instead of crypto
Joe Burrow, Blake Griffin and other top-flight professional athletes have purchased a $5 million corn and soy farm in Iowa.
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: JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
The bank results come a day after December inflation data showed more signs of easing.
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Earnings Results: JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
Largest U.S. banks by market cap top their profit targets, but JPM CEO Jamie Dimon warns of uncertain economic times ahead.
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The Wall Street Journal: Judge denies request from Elon Musk to relocate trial over Tesla tweets
A federal judge denied Elon Musk‘s request to relocate a coming securities-fraud trial involving comments he made as boss of Tesla Inc.
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Washington Watch: Yellen says U.S. will hit debt ceiling Thursday. Analysts warn of ‘significant market pain’ while Congress deals with limit.
Treasury Secretary Janet Yellen warned lawmakers that the U.S. is expected to hit its ceiling for borrowing next week.