News Highlights: Top Company News of the Day
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
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
(END) Dow Jones Newswires
April 14, 2021 09:15 ET (13:15 GMT)
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