Wells Fargo Earnings Jump as Economy Bounces Back 

Wells Fargo posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier.

Goldman Profit Rises Sharply on Strong Trading, Deal Making 

The bank reported record profit and revenue in the first quarter, benefiting from a turbocharged market and an economic recovery.

EU Orders Extra Pfizer Vaccines Amid J&J Suspension 

The European Union, grappling with the potential loss of Johnson & Johnson Covid-19 vaccines, will buy an additional 50 million doses from BioNTech and Pfizer for the quarter, and is in talks to purchase up to 1.8 billion more doses over the next two years.

JPMorgan Profit Soars After Bank Releases Reserves for Bad Loans 

The bank released $5.2 billion it had previously set aside to cover soured loans. A year ago, it stockpiled billions of dollars to prepare for the pandemic's effect on the economy.

Hundreds of Companies, CEOs Band Together on Voting Access 

Amazon, JPMorgan, Netflix and others signed a new statement to defend voting access, in the latest corporate response to a wave of voting bills under consideration across the U.S.

Luxury Brands Are Helped By a Lack of Other Spending Options 

For an industry traditionally dependent on tourism and consumer optimism, many luxury brands have done surprisingly well during the pandemic. A caveat is that shoppers will soon have more choice about where to spend their cash.

Barclays Stock Tumbles in Mini Flash Crash Before Quick Rebound 

Shares in Barclays, a major bank that is one of the U.K.'s most prominent stocks, plunged 10% and then recovered, triggering a trading halt and an auction process.

Federal Panel to Debate J&J Shot's Link to Blood Clots 

A Centers for Disease Control and Prevention panel will meet Wednesday to debate whether and how Johnson & Johnson's Covid-19 vaccine should continue to be used in the U.S., following reports of rare but severe blood clots among a few recipients.

Nasdaq Sets Reference Price for Coinbase Listing at $250 

Shares of Coinbase, which is the largest bitcoin exchange in the U.S., are set to start trading Wednesday.

Coinbase CEO Set to Take Crypto Exchange Public 

Brian Armstrong, who is working to make bitcoin as accessible as email, foresaw a trillion-dollar revolution. He is poised to become one of the world's richest people after Coinbase goes public on Wednesday.


(END) Dow Jones Newswires

April 14, 2021 09:15 ET (13:15 GMT)

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