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☆ Price to Plug Old Wells in Gulf of Mexico? $30 Billion, Study Says.
▼ + stars: | 2023-05-08 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

That raises risks that oil and other pollutants will leak into the ocean and travel to shore and smother wetlands, particularly sensitive salt marshes along the northern Gulf Coast. Orphaned oil and gas wells are a big issue onshore, too. You can’t just drive a truck up to it.”Possible SolutionsThe $1 trillion infrastructure bill that President Biden signed into law in 2021 sets aside $4.7 billion to plug orphaned wells, both onshore and off. That’s a sizable sum, but not nearly enough to cover the backlog of orphaned wells. Eighty-seven percent of wells under federal jurisdiction were once owned by one of the supermajors, many of which have recently booked record profits.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you. Methodology: How we chose the best personal loans without origination feesWe rate all personal loan products in our reviews and guides on a 1-5 scale.

☆ Tucker Carlson's history of alleged workplace sexism stretches back to 2015, long before Abby Grossberg
▼ + stars: | 2023-04-26 | by ( Katherine Long | ) www.businessinsider.com time to read: +10 min

Possible rationales include Murdoch's contempt for Carlson's religiosity and Carlson's insistence on hewing to conspiracy theories about the January 6, 2021 insurrection at the U.S. Capitol. Internal correspondence unearthed in a defamation lawsuit against Fox News showed Carlson used sexist expletives to refer to a female Fox executive and a guest. The company last week agreed to pay $787.5 million to settle a defamation lawsuit brought by Dominion Voting Systems. Carlson was one of many Fox News hosts who promoted false election conspiracies, the subject of the defamation suit, on their shows. Fox News is still facing a similar defamation suit from another voting machine manufacturer.

Carlson, the highest-rated single host at Fox News, did not respond to multiple requests for comment. The decision to part ways with Carlson was made Friday evening by Fox Corporation chief executive Lachlan Murdoch and Fox News chief executive Suzanne Scott, a person familiar with the matter said. During his time as a prime time host on Fox News, Carlson ascended to become one of the most influential figures inside the GOP. In a text on Nov. 5, 2020 — two days after the 2020 election — Carlson wrote his producer Alex Pfeiffer: “We worked really hard to build what we have. Last month, she sued Fox News, Carlson, his executive producer Justin Wells and other figures, as well as Fox’s parent corporation.

☆ Say Hi to SoFi. It’s Suing to Force You to Repay Student Loans Faster.
▼ + stars: | 2023-04-22 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

SoFi exists because of a quirk in the federal student loan program. While the government charges different interest rates depending on the loan type, within those loan types there is no differentiation. Pretty quickly, as chief executive, Mr. Cagney brought shame upon the enterprise — romantic relationships with subordinates, leaving evidence of his misdeeds on private jet manifests — and showed himself out. His eventual replacement, Anthony Noto, a former Goldman Sachs managing director, then acquired a bank for SoFi, which had previously run commercials using the tagline “Don’t Bank. First, when you are a bank you can use money from depositors to make loans.

☆ Healthy breakfast ideas: Start your day with these quick meals
▼ + stars: | 2023-04-19 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Because of the versatility and hands-off aspect of the preparation, these are some of my favorite breakfast options for road trip vacations and camping adventures — but they work for busy at-home mornings, too. Overnight oats are one of the most versatile breakfast options out there — and can easily be taken on the road or enjoyed at home. NelliSyr/iStockphoto/Getty ImagesTartines, AKA open-faced sandwiches — or as I like to call them, “things on toast” — comprise a catchall category of breakfast options that can skew savory or sweet. When I have a few minutes and am feeling famished, my go-to move is to grab eggs and tortillas for breakfast tacos or burritos. Eggs and tortillas pair well in the morning to make breakfast tacos or burritos.

March 30 (Reuters) - Wells Fargo & Co (WFC.N) will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, Syria and Sudan, federal authorities said on Thursday. The Fed fined Wells Fargo $67.8 million, while OFAC fined the bank $30 million for inadequate oversight of its compliance risks from 2010 to 2015. “Wells Fargo is pleased to resolve this legacy matter involving conduct that ended in 2015, which we voluntarily self-reported and fully cooperated with OFAC and the Federal Reserve Board to address," a Wells Fargo spokesperson said in a statement. In a release, OFAC said that Wells Fargo and its predecessor, Wachovia Bank, provided a European bank with software beginning in 2008 that allowed the firm to process 124 transactions involving sanctioned individuals or jurisdictions. In December, the U.S. Consumer Financial Protection Bureau hit Wells Fargo with the watchdog's largest ever civil penalty as part of a $3.7 billion agreement to settle charges over widespread mismanagement of car loans, mortgages and bank accounts.

☆ Experts from Morgan Stanley and Wells Fargo share insights on how digital transformation in finance protects and enhances client experiences
▼ + stars: | 2023-03-29 | by ( Elizabeth Wood | ) www.businessinsider.com time to read: +4 min

Experts shed light on what digital transformation in finance means for banks and people. In the session "Demystifying digital transformation in finance," part of the "Finance Meets Its Future" event presented by Amberdata, experts discuss digital transformation in finance on wall street. Customer convenience is at the forefront of digital transformation discussions. Reetika Grewal, head of digital transformation for CB and CIB at Wells Fargo said that that client concerns are at the center of digital transformation. Digital transformation poses key challengesWhen asked about the challenges of driving digital transformation in banks, Akwaboah said the industry is contending with multiple competing agendas.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. See our full ratings methodology for personal loans »Best personal loans without origination fees LightStream Personal LoanSoFi Personal LoanDiscover Personal LoanWells Fargo Personal LoanPenFed Credit Union Personal LoanUSAA Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you.

☆ Former Wells Fargo Executive Blamed in Fake-Accounts Scandal Agrees to Plead Guilty
▼ + stars: | 2023-03-16 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

Wells Fargo paid $3 billion in 2020 to settle investigations by the Justice Department and the SEC. The former head of Wells Fargo & Co.’s community bank has agreed to plead guilty to obstructing regulators who tried to examine allegations of sales misconduct at the business she ran, prosecutors said Wednesday. Carrie Tolstedt ’s deal with Los Angeles federal prosecutors would resolve a criminal investigation into her role in the bank’s long-running, fake-accounts scandal, which severely damaged Wells Fargo’s reputation and contributed to an asset cap imposed by the Federal Reserve that limited its size.

☆ Our two financials differ from failed Silicon Valley Bank. But we're not buying the dips yet
▼ + stars: | 2023-03-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

The failure of Silicon Valley Bank is raising questions about the overall financial sector, which includes Club holdings Wells Fargo (WFC) and Morgan Stanley (MS). For now, we're waiting for the market to realize that Wells Fargo and Morgan Stanley are different. However, Wells Fargo turned positive by day's end, gaining more than half of a percent. In this environment, startups were using up a lot of money that had been deposited in SVB bank accounts to run their businesses. People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City.

☆ Stock pickers continue to shine after a better year and here are their favorite names in 2023
▼ + stars: | 2023-02-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank analyzed the holdings of 543 mutual funds with $2.4 trillion of assets under management at the start of 2023, based on regulatory filings. It then compiled a basket of the most popular bets, called "Mutual Fund Overweight basket," consisting of 50 stocks in which mutual funds are the most overweight. Year to date, 43% of large-cap mutual fund managers have outperformed their benchmarks, well above the long-term average of 38%, Goldman said. Goldman's mutual fund overweight basket has gained 2% in 2023, in line with the S & P 500's performance. Credit card duo Mastercard and Visa were the two most loved names by mutual funds at the start of 2023, according to Goldman.

[1/2] The Shell Oil Company's drilling rig Polar Pioneer is shown in Port Angeles, Washington May 12, 2015. The number of rigs drilling for oil peaked in late November, roughly 25 weeks after prices peaked, slightly longer than average. The current slowdown in drilling is therefore likely to reduce production growth through the end of 2023 and probably into 2024. Related columns:- U.S. oil production’s post-pandemic rebound set to slow (Reuters, December 2, 2022)- Is the U.S. shale oil revolution over? (Reuters, November 22, 2022)- U.S. oil drilling rises in response to higher prices (Reuters, February 25, 2022)John Kemp is a Reuters market analyst.

☆ CNBC's best big bank savings accounts of 2022
▼ + stars: | 2023-02-17 | by ( Elizabeth Gravier | ) www.cnbc.com time to read: +22 min

To determine which big bank savings accounts are the best overall, CNBC Select analyzed and compared dozens of savings accounts offered by the largest banks and credit unions. Best big bank savings accounts of 2022Best at Bank of AmericaBank of America Advantage Savings Learn More Bank of America, N.A. If you want a simple, no-frills and low cost savings account at a big bank, U.S. Bank's Standard Savings Account is for you. The three choices include Virtual Wallet, Virtual Wallet with Performance Spend and Virtual Wallet with Performance Select. Spend is your everyday checking account, Reserve your interest-bearing checking account / primary overdraft protection account and Growth is your long-term savings account / secondary overdraft protection account.

☆ Buyout barons reach deep into their bags of tricks
▼ + stars: | 2023-02-15 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

NEW YORK, Feb 15 (Reuters Breakingviews) - Debt necessity is proving to be the mother of private equity invention. With the cheap borrowing that fueled record-breaking years of leveraged buyouts gone, firms are digging deeper into their bags of tricks. Private equity firm Silver Lake, which bought a stake alongside the IPO, said it might take control. Besides putting private equity firms into weaker negotiating positions, the competing incentives also threaten conflicts of interest with limited partners. ...THERE’S A WAYIf the U.S. Federal Reserve avoids engineering a recession, private equity should be able to revert to its tried-and-true formula soon enough.

U.S. Bank, Member FDIC Learn more U.S. Bank, Member FDICU.S. Bank Personal Checking Account FeaturesU.S. Bank has over robust national presence, with over 2,000 branches in 26 states and 4,000 ATMs throughout the US. The bank has two checking accounts: U.S. Bank Safe Debit account and U.S. Bank Smartly™ Checking. U.S. Bank Checking Accounts vs. Chase Checking AccountsChase offers a greater variety of options, including checking accounts specifically suited for teens and college students. Chase Total Checking® has a $12 monthly service fee, while U.S. Bank Smartly™ Checking has a $6.95 monthly service fee (with options to waive). U.S. Bank Checking Accounts vs. Wells Fargo Checking AccountsWells Fargo has four types of checking accounts, including a checkless bank account similar to the U.S. Bank Safe Debit account.

☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.

Compare Citi vs. Wells Fargo Citi® Accelerate SavingsWells Fargo Way2Save® Savings Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightCiti vs. Wells Fargo Savings Account ComparisonsCiti and Wells Fargo both have two types of savings accounts. Citi Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn moreCiti Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn more at Citi's secure site. Wells Fargo has been involved in the following cases:In December 2022, The Consumer Financial Protection Bureau required Wells Fargo to pay more than $3.7 billion in a settlement that accused the bank of wrongfully charging fees that led thousands of customers to lose vehicles and homes. In 2020, Wells Fargo paid billions in settlements for its employees creating authorized bank accounts to meet unrealistic sales goals.

☆ Looking beyond FAANG: Here's how the Club portfolio lines up with the Dow's workhorse stocks
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Think most of the stocks in the Dow Jones Industrial Average or the kind of stocks Warren Buffett loves to own for Berkshire Hathaway ." But in the near term, we still favor stocks of companies that are the backbone of the real economy. Dow Inc (DOW): The materials company we own in the portfolio is industrial gas giant Linde (LIN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Tyre Nichols loved his family, photographing sunsets and skateboarding
▼ + stars: | 2023-01-28 | by ( Deon J. Hampton | Deon J. Hampton Is A National Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

MEMPHIS, Tenn. — He was an amateur photographer who loved skateboarding and watching sunsets darken the woods and ponds of his adopted hometown. RowVaughn Wells, mother of Tyre Nichols, cries at a news conference in Memphis on Monday. Photographing sunsets at Shelby Farms Park, an expansive green space in Memphis, was another passion, she said. She said at a news conference Friday that Nichols was driving home from Shelby Farms when he was pulled over. Nichols died Jan. 10, three days after the encounter with police that landed him in the hospital.

US Bank personal checking account featuresUS Bank has over robust national presence, with over 2,000 branches in 26 states and 4,000 ATMs throughout the US. The bank has two checking accounts: US Bank Safe Debit account and US Bank Smartly™ Checking. US Bank checking accounts vs. Chase checking accountsChase offers a greater variety of options, including checking accounts specifically suited for teens and college students. Chase Total Checking® has a $12 monthly service fee, while US Bank Smartly™ Checking has a $6.95 monthly service fee (with options to waive). US Bank checking accounts vs. Wells Fargo checking accountsWells Fargo has four types of checking accounts, including a checkless bank account similar to the US Bank Safe Debit account.

☆ Jim Cramer's Investing Club meeting Tuesday: Wells Fargo, trades, Emerson Electric
▼ + stars: | 2023-01-17 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with Wells Fargo Initiating CAT, selling SBUX Buy Emerson Electric 1. Stick with Wells Fargo Jeffries and Piper Sandler on Tuesday both downgraded Wells Fargo (WFC) to the equivalent of a hold, citing concerns over the bank's lower-than-expected forecast for net interest income in 2023. Wells Fargo reported fourth-quarter results on Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ This Goldman portfolio of stocks with strong profitability beat the market last year. Here's what's in it
▼ + stars: | 2023-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Few stocks — or industries — outperformed the market against 2022's tough macroeconomic backdrop, but one portfolio from Goldman Sachs crushed it and may have further room to shine in 2023. The basket includes 50 stocks with the highest consensus-expected ROE growth over the next 12 months. After a rebalance, here are some of the stocks included: Microsoft takeover target Activision Blizzard was among the newest additions to Goldman Sachs' basket. Shares gained more than 15% in 2022 even as technology stocks took a hit, with ROE is expected to grow by 11%. San Francisco-based Wells Fargo and consumer discretionary stocks Target and Chipotle Mexican Grill were also included in the Goldman basket.

☆ Girl, 7, seriously hurt and others injured in shooting near London church
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +2 min

[1/5] Forensics officers work at the scene of a shooting, the attack reportedly happened during a funeral at St Aloysius Church, in London, Britain, January 14, 2023. REUTERS/Henry NichollsLONDON, Jan 14 (Reuters) - A seven-year-old girl was left with life-threatening injuries after she and five others, including another child, were hurt in a drive-by shooting on Saturday near a church in London where a funeral was taking place, British police said. Detectives said the girl had been taken to hospital and remained in a life-threatening condition after the shooting not far from Euston train station in north London. A 12-year-old girl was also among those injured and had been taken to hospital with a minor leg injury but later discharged. "The incident took place in the vicinity of a church where a funeral was taking place," a police statement said.

☆ Premarket stocks: Investors are underestimating inflation...Again
▼ + stars: | 2023-01-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

New York CNN —Investors are holding their breath in anticipation of Thursday morning’s Consumer Price Index inflation report — arguably the most important piece of economic data so far this year. There’s a lot riding on the outcome — if inflation keeps falling, that could support a market rally, while higher-than-expected inflation could send stocks sinking. Asian stocks enter bull market as investors bet on ChinaUS stocks may be volatile, but in Asia markets are soaring. The retreat will likely cause Wells Fargo to lay off at least some employees, though the bank did not announce any specifics. The move comes as Wells Fargo continues to be in trouble with regulators.

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