Markets / Wall Street

Stories about the financial markets

Video games coming to Netflix? Latest hiring offers a clue

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SAN RAMON, Calif. — Netflix has hired veteran video game executive Mike Verdu, signaling the video streaming service is poised to expand into another...

Acclaim, fundraising spread unevenly among Black colleges

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ATLANTA — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black...

Wells Fargo beats expectations with $6 billion profit in 2Q

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SILVER SPRING, Md. — Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues...

Powell says inflation will be ‘elevated’ in coming months

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WASHINGTON — Federal Reserve Chair Jerome Powell says that inflation “will likely remain elevated in coming months" before “moderating,” an apparent acknowledgement that price...

Fed survey: US economy strong but hindered by bottlenecks

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WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...

French official warns Lebanese leaders of upcoming sanctions

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BEIRUT — A French Cabinet minister criticized Lebanese leaders on Tuesday, warning them of upcoming sanctions from Paris that will target Lebanese officials blocking...

Bank of England ditches dividend limits on UK banks

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LONDON — The Bank of England on Tuesday ditched limits on banks to pay dividends to their shareholders that were first introduced at the...

Goldman Sachs 2Q profits beat forecasts; boosts dividend

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NEW YORK — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong...

Firm hacked to spread ransomware had previous security flaws

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For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive...

Touting new trains, Amtrak CEO foresees riders heading back

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DETROIT — Amtrak is betting big on a return of ridership. ...