Shares of Wells Fargo (WFC) are rising after federal regulators lifted a consent order related to past sales practices and "consumer harm" issues. This consent order had been in place since following scandals over fraudulent account openings. Yahoo Finance's Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Wells Fargo (WFC) are rising after federal regulators lifted a consent order related to past sales practices and "consumer harm" issues. This consent order had been in place since following scandals over fraudulent account openings.
Yahoo Finance's Julie Hyman and Josh Lipton break down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Reuters
Bridgewater Associates increased its stake in chipmaker Nvidia by 458% at the end of last year while also adding exposure to other members of the so-called Magnificent Seven group of growth and technology stocks that have driven markets higher, filings showed on Wednesday. The hedge fund founded by billionaire Ray Dalio increased its stake in Nvidia, the world's most valuable chipmaker, to 268,489 shares. Nvidia, whose shares have already risen 47% this year, briefly overtook Google-parent Alphabet's stock market capitalization to become the third-biggest U.S. company on Wednesday, with a market capitalization of over $1.8 trillion.
Associated Press Finance
DoorDash's revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped. The San Francisco delivery company said Thursday that its revenues rose 27% to $2.3 billion in the October-December period, slightly exceeding the $2.25 billion analysts had projected. Total orders rose 23% to 574 million compared to the 561.3 million forecast by Wall Street, according to analysts polled by FactSet.
Reuters
Apple could include the feature in its Xcode software as early as this year. Apple gives away Xcode for free to software developers but charges $99 per year to submit apps to its app stores. Bloomberg also reported that Apple is planning other AI features in its products, such as the ability to automatically create Apple Music playlists and slide decks in its business presentation software.