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Cap on Wells Fargo assets will cause pain eventually, Scharf says
NEWS WIREHOUSES DEC 05, 2023
Cap on Wells Fargo assets will cause pain eventually, Scharf says

The bank has been hobbled by the Fed order limiting its size for more than five years — longer than Scharf's tenure as CEO.

Too far, too fast? Investors may have been over-bullish on economy
NEWS INDUSTRY NEWS DEC 05, 2023
Too far, too fast? Investors may have been over-bullish on economy

Expectation of better economic conditions, rate cuts could have seen overbuying last month.

Goldman strategist says stock rally is now 'out of gas'
INVESTING EQUITIES DEC 05, 2023
Goldman strategist says stock rally is now 'out of gas'

Scott Rubner says that investors should add portfolio hedges.

Wall Street still has comms problem despite $2B in fines
NEWS REGULATION AND LEGISLATION DEC 05, 2023
Wall Street still has comms problem despite $2B in fines

Traders continue sharing information using unauthorized messaging platforms.

China credit outlook cut to negative by Moody's
NEWS INDUSTRY NEWS DEC 05, 2023
China credit outlook cut to negative by Moody's

Debt levels are concerning the ratings agency.

Billionaire wealth tax plan could be shattered by $14K court case
NEWS REGULATION AND LEGISLATION DEC 04, 2023
Billionaire wealth tax plan could be shattered by $14K court case

President Biden's budget request may all come down to a Trump era legal dispute.

Bonds slip back amid rising rate cuts doubts
INVESTING FIXED INCOME DEC 04, 2023
Bonds slip back amid rising rate cuts doubts

Gold, cryptos have gained in early trading Monday.

Tough month for stocks? Morgan Stanley bear says so
INVESTING EQUITIES DEC 04, 2023
Tough month for stocks? Morgan Stanley bear says so

Strategist Michael Wilson sees volatility during December.

Can banks really be trusted on ESG when they set their own rules?
INVESTING ESG DEC 04, 2023
Can banks really be trusted on ESG when they set their own rules?

Discussions at COP28 include global standards for sustainability reporting.

Sizable decline in US ESG market leads global shrinkage
INVESTING ESG DEC 01, 2023
Sizable decline in US ESG market leads global shrinkage

A report shows investors had $30.3 trillion in sustainable assets in 2022, down from $35.3 trillion in 2020.