Feb 29, 2024
Wells Fargo is sued over response to fake accounts scandal

By Jonathan Stempel (Reuters) - Wells Fargo, which has spent years trying to extricate itself from its fake accounts scandal, was sued on Thursday for allegedly not doing enough to help customers who were harmed. The lawsuit was filed in…

Feb 29, 2024
US mortgage rates rise for a fourth-straight week, Freddie Mac says

By Amina Niasse NEW YORK (Reuters) - U.S. mortgage rates rose for a fourth-straight week, Freddie Mac reported on Thursday, reaching a two-month high and again becoming a factor impeding traffic among rate-sensitive prospective home buyers. The average rate on…

Feb 27, 2024
Stocks pause as key inflation data eyed

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut. As corporate earnings season winds…

Feb 27, 2024
US court gets 12 preliminary bids in Citgo share auction

By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -A U.S. court is weighing 12 initial bids from private investment funds and companies participating in an auction of shares of refiner Citgo Petroleum's parent, a court officer said on Tuesday, a…