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Wells Fargo CEO expresses more confidence in regulatory fixes

Wells Fargo's CEO, Charlie Scharf, affirms progress in addressing compliance issues and expresses confidence in the U.S. economy's strength amidst regulatory challenges and reforms.

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US consumer prices rise by 2.7% annually in November, in line with expectations

US consumer prices rose 2.7% in November, reinforcing expectations of another Federal Reserve interest rate cut amid ongoing inflation challenges.

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Emerging economies remain the key to global energy demand

Emerging economies are major drivers of global energy demand growth, reshaping consumption patterns and influencing energy markets and investments in the long term.

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Factbox-Brokerages still expect 25-bps US rate cut in December

Citigroup and major brokerages predict a 25-basis-point interest rate cut by the Fed in December 2023 following strong job growth and revised payroll data.

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Deep dive into Nov. payrolls report flags weakness, keeping Dec. rate-cut on table

November job gains rebound but reveal labor market weaknesses, suggesting Federal Reserve interest rate cuts may be imminent.

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Factbox-Brokerages retain expectations of 25-bps rate cut from US Fed in December

Brokerages expect a 25-basis-point interest rate cut by the Federal Reserve in December following strong job growth data despite rising unemployment rates.

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Wells Fargo answers: Who is inflation still weighing on the most?

Wells Fargo analysts report that inflation affects income, race, and age differently, with lower-income and senior households experiencing the most significant impacts on their finances.

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Wells Fargo to move headquarters in San Francisco, source says

Wells Fargo plans to sell its San Francisco headquarters, focusing on the East Coast while maintaining its historical significance in the city since 1852.

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Software startup ServiceTitan seeks up to $5.2 billion valuation in US IPO

ServiceTitan plans a U.S. IPO aiming for a valuation of $5.16 billion, seeking to raise $502 million by offering shares priced between $52-$57 each.

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Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says