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Wells Fargo spokesman Peter Gilchrist said participation in the voluntary rebate would not be considered when awarding future contacts. The bank is expected to issue a new request for business proposals from its IT vendors in the first quarter of next year. Chief Financial Officer John Shrewsberry recently pointed to professional services, or work by consultants, as a expense line that analysts and investors can expect to be reduced in the next quarter.
All eyes will be on President Trump Tuesday for U.S.-China trade war updates. Walmart, Nvidia, and others are set to report their quarterly earnings. And why Casey's General Stores (CASY) is a Zacks Rank 1 (Strong Buy) right now...
Nordstrom's (JWN) third-quarter fiscal 2019 results are likely to reflect gains from efforts to enhance store base and e-commerce. However, higher costs remain deterrents.
Retailers are making prudent investments to strengthen digital ecosystem and delivery capabilities. While these drive sales, they entail high costs.
Walmart stock is up over 13% in the last three months. Now, with the firm set to report its Q3 financial results before the opening bell Thursday, let's break down Walmart to see if investors should consider buying WMT shares...
Home Depot's (HD) ongoing strategies and solid execution are expected to get reflected in third-quarter fiscal 2019 results. Lumber price deflation and higher costs might be drags.
More than two years ago, Goldman Sachs Group Inc told investors it would find $5 billion in fresh annual revenue by 2020. The new targets, to be outlined by Chief Executive David Solomon's management team in January at Goldman's first-ever investor day, could include a broad efficiency ratio and profitability measures, four sources familiar with the matter said. The change of focus signals that Goldman wants to match rivals that disclose progress toward broader targets, and satisfy demand among investors for transparency across all the bank's businesses, according to the sources, who cautioned that plans for the investor day are still taking shape and could change.
Investing.com - U.S. futures slumped on Monday, as worsening unrest in Hong Kong caused market jitters and hopes for trade detente between the U.S. and China receded.
Wall Street predicts Dean Foods lost slightly less money in the third quarter than in the same period a year earlier. Shares in the Dallas-based dairy goods producer behind Friendly's ice cream and Organic Valley milk have struggled since a steep drop in August, when Dean reported weak second quarter results and installed a new CEO. Shares in McClatchy, the publisher of the Miami Herald, the Sacramento Bee and other newspapers, have stagnated near all-time lows this year.
Walmart’s quarterly earnings, US monthly sales and China’s Singles’ Day will create a jam-packed week for the retail sector in advance of the Christmas shopping season. Fed chair Jay Powell will also deliver closely watched testimony in Congress on the outlook for the US economy. Walmart will report third-quarter earnings at a time when the retail behemoth has benefited from heavy investments in its ecommerce business and a strong performance in the US.
A probe into Goldman Sachs Group Inc's credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to determine credit limits. In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit that his wife got, Bloomberg reported on Saturday.
A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits. The investigation follows a series of viral tweets by entrepreneur and web developer David Heinemeier Hansson about algorithms used for the Apple Card, which Goldman Sachs manages in partnership with Apple. Hansson said the card offered him a credit limit 20 times greater than it gave to his wife, even though she has a higher credit score.
Apple"s new credit card has been hit with charges of sexism, and now compliants are coming from the company"s co-founder. Steve Wozniak says he got 10 times the credit limit his wife received even though they do not hold separate assets or bank or credit accounts. The criticism behind the iPhone maker's credit card began Thursday, when entrepreneur David Heinemeier Hansson tweeted that the card gave him 20 times more credit than his wife had received. Apple launched its highly anticipated titanium credit card in August in partnership with Goldman Sachs. Apple didn't respond to a Reuters request for comment. But Goldman said card applicants were independently evaluated according to income and creditworthiness. The investment bank said it took into account factors such as personal credit scores and personal debt but insisted it hasn't and will not "make decisions based on factors like gender." Now, regulators are looking into the charges. New York's Department of Financial Services said it's starting an inquiry into Goldman's credit card practices. Its superintendent says the law bars algorithms from discriminating against protected classes of individuals. Goldman Sachs shares fell roughly 1% in early trading Monday; Apple shares were flat.