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A decade since 2008 financial crisis, most Americans haven’t recovered

September 15, 2018, marked a decade since the fall of Lehman Brothers, triggering a nightmare that lasted over two years.…

First Republic Bank Q3 profit rises 6.8%, but misses estimates

First Republic Bank (FRC) reported a 6.8% rise in earnings for the third quarter helped by higher average earning assets…

Wells Fargo stock rises after Q3 earnings

This quarter’s earnings season kicked off with the big banks reporting better-than-expected results today. One among them is Wells Fargo…

Citigroup posts mixed results in Q3, shares up 2%

The third largest US bank, Citigroup (C) reported third-quarter earnings that surpassed Wall Street estimates. The company reported earnings of…

PNC Financial sees a dip despite beating Q3 estimates

The PNC Financial Services Group Inc. (PNC) topped market estimates on revenues and earnings for the third quarter of 2018.…

Buoyed by retail banking, JPMorgan tames interest rate woes in Q3

An impressive performance by the commercial banking segment drove up banking giant JPMorgan’s (JPM) third-quarter earnings, which also came in…

eBay stock plunges to yearly low on competition worries

eBay Inc. (EBAY) stock hit the yearly low of $30.75 on Thursday as the online retail company is struggling against…

Lockheed Martin’s feature-rich F-35 jet is probably a flight of fancy

There was a fair amount of skepticism when Lockheed Martin (LMT) struck a deal with the US government to develop…

US Postal Service is raising stamp prices to salvage itself

The US Postal Service plans to increase the price of its first-class mail forever stamps as the agency is facing…

Apple invests $600 million in UK-based Dialog Semiconductor

Apple (AAPL) strengthens its in-house making capabilities of iPhones and iPads by investing $600 million in buying UK-based firm Dialog…