Financial Performance

Wells Fargo acknowledges federal settlement offer of $1 bln

Apr 13, 2018

Consumer banking giant Wells Fargo says the federal government has offered to settle a host of scandals for $1 billion, reports earnings increase from last year's quarter

Indonesia credit rating upgraded by Moody's

Apr 13, 2018

Moody's has upgraded Indonesia's credit rating due to increased confidence the government will maintain its recent track record of responsibly managing the national budget and interest rate policy

Technology, industrials and banks lead rally as stocks rise

Apr 12, 2018

Banks and technology and industrial companies help US stocks add to their gains from earlier in the week

Markets Right Now: Tech, banks lead solid gains for stocks

Apr 12, 2018

Stocks are closing solidly higher as the market adds to its big gains from earlier in the week.

Delta 1Q results top Street as passenger, cargo revenue rise

Apr 12, 2018

Delta's 1st-quarter performance beat analysts' expectations, helped by increased passenger and cargo revenue

Threat of closure spurs surge in sales for Necco Wafers

Apr 12, 2018

There has been a surge in the sale of Necco Wafers after the company that makes the candy said it may close

Oil company with checkered history hit with $12.5M fine

Apr 12, 2018

California regulators have issued a record $12.5 million fine an oil company with a long history of safety violations and regulatory lapses

Coal mining company considers bankruptcy protection

Apr 9, 2018

A Colorado-based coal mining company with mines in Montana and Wyoming says it is considering bankruptcy protection after seeing demand drop and dealing with more than $1 billion in debt, according to the company's regulatory filings

In search of good news, markets turn to earnings season

Apr 9, 2018

After weeks dominated by worries about a possible trade war and higher interest rates, companies are gearing up to tell investors how much profit they made during the first three months of the year

Markets Right Now: Renewed trade tensions send stocks lower

Apr 6, 2018

A new flare-up in trade tensions with China sends stock market sharply lower. Dow Jones industrial average lost 572 points, its latest big swing this week.

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

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