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Kobe Steel Scandal Grows to Include Subsidiaries

  • Bank of America beats on earnings (BAC) FOU: Bank of America beats on earnings (BAC)

    Bank of America Merrill Lynch beat Wall Street estimates for third-quarter earnings Friday. The bank reported earnings of $0.48 per share, even with the second quarter, beating analysts estimates of $0.46 per share. “Our focus on responsible growth and improving the way we serve customers and clients produced another quarter of strong results,”…

  • Gary Shilling says stop treating the market like a person with feelings FOU: Gary Shilling says stop treating the market like a person with feelings

    Famed financial analyst Gary Shilling is best known for bold predictions as wide-ranging as $10 oil, wage inflation  and the war between Alibaba and Amazon. He recently spoke to Business Insider about how many investors wrongly apply interpersonal skills to the whims of the stock market. Following is a transcript of the…

  • 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, SNAP) FOU: 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, SNAP)

    Here is what you need to know. Trump made a huge move that could blow up Obamacare. President Donald Trump on Thursday evening announced that he would end the Affordable Care Act’s cost-sharing reduction payments, a move that could wreck the law’s individual insurance exchanges and send healthcare costs soaring…

  • The rise of a new kind of finance is setting off alarm bells at the Fed FOU: The rise of a new kind of finance is setting off alarm bells at the Fed

    WASHINGTON — Banks are so 2008. A surge in new methods and avenues to circumvent conventional bank finance, from cryptocurrencies and blockchain to crowdfunding, presents the next major challenge for regulators in Washington, the St. Louis Fed’s president, James Bullard, told Business Insider in an interview. President Donald Trump has…

  • Wells Fargo beats on earnings, sets aside $1 billion for legal woes FOU: Wells Fargo beats on earnings, sets aside $1 billion for legal woes

    Wells Fargo reported third quarter earnings Friday, showing mixed results for the scandal-ridden bank. The bank delivered adjusted earnings of $1.04 per share, slightly above the $1.03 per share Wall Street analysts expected and down from $1.05 last quarter. The bank reported unadjusted earnings per share of $0.84 after accounting for losses due to “discrete…