Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
If you want to earn rewards on your everyday purchases without the hassle of tracking bonus rewards categories, the Wells Fargo Active Cash® Card is a standout credit card option. It has a higher-than-usual flat rewards rate of 2% on all purchases, no annual fee, and includes a generous intro APR.
For a no-annual-fee card, the Wells Fargo Active Cash offers some surprising benefits.
Cellphone protection: Use the card to pay your cellphone bill and you'll automatically receive cellphone protection. This benefit reimburses you up to $600 — subject to a $25 deductible — if your phone is stolen or damaged. There's also a maximum of two paid claims (and $1,200) per 12-month period.

#active

Morgan Stanley (MS) leads all money-center peers up 19% in 2026, but must clear its $231 52-week high before $250 becomes realistic.
MS beat Goldman Sachs (+14%) and JPMorgan (+10%), while Wells Fargo is the only big bank down 7% this year.
Record Q2 revenue of $21 billion, equity trading up 69%, and a reauthorized $20 billion buyback underpin the bull case for MS.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A global bond selloff pushed the 10-year Treasury yield to 4.79% this afternoon, above its prior 52-week high of 4.75% set on July 31. Rising long rates typically help banks, yet the money-center group is soft, and so is the sector fund.

#money #billion #goldman

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The Wells Fargo Autograph® Card is an excellent travel rewards card if you want a high rate on everyday purchases, no annual fee, and a 0% introductory APR offer. While it doesn't offer premium travel perks, it holds its own as a low-stress, rewarding card option.
Cell phone protection: Subject to a $25 deductible, you can receive up to $600 of cell phone protection against damage or theft as long as you pay your cell phone bill with your card.
No foreign transaction fee: There are no foreign transaction fees when you use your card to make purchases from foreign merchants, including when you're traveling internationally.

#card #phone #purchases #protection

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: The Wells Fargo Active Cash hits the right notes on multiple fronts, including no annual fee, a straightforward rewards rate, and multiple intro APR offers. This can easily be the one card you carry in your wallet if you like to travel light.
Why we like it: The Wells Fargo Reflect provides multiple long introductory APR offers, giving you the opportunity to finance an upcoming large purchase or help pay down debt without worrying about interest during the offer period. It doesn't provide many other benefits, but that's okay because its main focus is on the 0% intro APR offers.

#like #active

PG&E (PGC) is on track to close meaningfully lower on Aug. 31 after Wells Fargo downgraded the utility company to "Equal Weight" and lowered its price target to $24. While ******* yst Shahriar Pourreza's revised price target still implies about an 80% upside from here, the downgrade signals a pivot to a far more cautious stance.
Following today's decline, PG&E stock is down about 30% versus its year-to-date high.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR

#equal

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: The Wells Fargo Active Cash hits the right notes on multiple fronts, including no annual fee, a straightforward rewards rate, and multiple intro APR offers. This can easily be the one card you carry in your wallet if you like to travel light.
Why we like it: The Wells Fargo Reflect provides multiple long introductory APR offers, giving you the opportunity to finance an upcoming large purchase or help pay down debt without worrying about interest during the offer period. It doesn't provide many other benefits, but that's okay because its main focus is on the 0% intro APR offers.

#fargo #intro #disclosure

Aug. 31—FARGO, N.D. — Blake Schiltz kicked off his college football career with a bang.
The 2025 Pine Island graduate and Division I-FBS North Dakota State University defensive end was named the Mountain West Conference Freshman of the Week on Monday.
In his NDSU debut, a 33-7 victory over Jacksonville State on Aug. 29, the 6-foot-2, 250-pound redshirt freshman recorded a solo tackle, a sack and recovered a fumble in the end zone for a touchdown, putting the Bison up by 20 points in the third quarter. Schiltz's fourth-quarter sack forced Jacksonville State to attempt and miss a 52-yard field goal.
Schiltz's standout performance came in NDSU's first game at the FBS level. The university announced in February that it was making the jump from FCS and joining the Mountain West.
Schiltz redshirted and did not see the field during the 2025 season, NDSU's last in FCS and the Missouri Valley Football Conference.

#jacksonville #Football

Marvell Technology (MRVL) keeps winning over the **** ysts. GF Securities reiterated its favorable view on the stock, naming it a top pick within its positive outlook on custom AI chips. **** yst Henry Huang said much of the growth he sees comes from Alphabet's (GOOG) (GOOGL) Google. He expects three of Marvell's chip lines tied to Google to bring in around $3 billion each by 2028. Huang also sees Marvell playing a growing role in Amazon.com's (AMZN) Trainium chips, worth roughly $1 billion this year and $2 billion next year. GF was not alone. Wells Fargo, Morgan Stanley, Susquehanna, and Rosenblatt Securities all raised their Marvell price targets within a day of each other.
None of this comes out of nowhere. Just a few days back, Marvell signed a custom chip deal with Google that let the search giant take a potential $12 billion equity stake in the company. Huang expects that partnership to improve Marvell's odds of winning even more of Google's future chip work.
Jeff Bezos' Heartfelt Tribute to Dolly Parton Drew Brutal Backlash: 'Nobody Wanted to Hear This From You' — He Once Gave Her $100 Million for Charity
Intel vs. AMD: Why the Market Share Number Is Misleading
A $100 Billion Buildout In Louisiana Is Planned for Starship. What This Means for SPCX Stock.

#huang #Google #chip #within

CrowdStrike Holdings (CRWD) just reported earnings, and its CEO, George Kurtz, had some strong words to describe it. The CEO said it was the best quarter in the company's history and that the results have now set a new bar. The market seems to agree, as the stock jumped more than 20% in a single trading session after the report. Revenue rose 26% to $1.47 billion, beating expectations, and the company raised its guidance for the rest of the year.
The standout figure was net new annual recurring revenue, the fresh subscription business added in the quarter. It hit a record $333 million, up 51% from a year ago. Management added to investors' excitement by lifting its full-year forecast for net new ARR growth to 34%. Kurtz said securing AI is now the largest market opportunity in the company's history. Investors weren't the only ones that liked what they saw. Well over a dozen ******* yst firms, including Morgan Stanley, UBS, and Well Fargo all raised their price targets.
Jeff Bezos' Heartfelt Tribute to Dolly Parton Drew Brutal Backlash: 'Nobody Wanted to Hear This From You' — He Once Gave Her $100 Million for Charity
Intel vs. AMD: Why the Market Share Number Is Misleading
A $100 Billion Buildout In Louisiana Is Planned for Starship. What This Means for SPCX Stock.

#billion

Jacksonville State football is back this week as the Gamecocks head north to face North Dakota State.
To start the 2026 season, Jax State is heading on the road to the FargoDome. The game will kick off at 4:30 p.m. CT on CBS Sports Network. Jax State has not lost a Week 0 game since moving to the FBS level four years ago.
The Gamecocks are trying to make a third straight Conference USA ***** le game, and will look to win it after dropping the 2025 game to Kennesaw State at AmFirst Stadium. The Gamecocks went 9-5 finishing the year with a Veterans Bowl win over Troy.
It will be the first FBS game for the Bison, who are making the move after dominating the FCS level with 10 national ***** les since 2011. This game is a rematch of the 2015 ***** le game, where NDSU beat Jax State for the FCS ***** le.
Keep up with the game below as the Gamecocks take on the Bison.

#title #jacksonville

Canada Goose Holdings Inc. (NYSE:GOOS) shares closed at $8.28 on August 24, down 5.3%, after Wells Fargo downgraded the stock to Underweight. The call followed a new 50% U.S. duty on certain Canadian imports, including apparel. The duties were originally scheduled for August 19 but took effect on August 22 after a three-day suspension. The question for Canada Goose Holdings Inc. (NYSE:GOOS) is whether luxury pricing and direct distribution can absorb the added cost without weakening demand.
The duty applies to the customs value of covered products, making product-level exposure—not U.S. revenue alone—the key number. Canada Goose Holdings Inc. (NYSE:GOOS) generated C$385.1 million in the United States during fiscal 2026, equal to 25.2% of C$1.53 billion in total revenue.
Canada Goose Holdings Inc. (NYSE:GOOS) has not disclosed how much of its U.S. ****** ortment falls under the tariff or the customs-value base subject to the duty. However, the company reported that most of its goods were manufactured in Canada during fiscal 2026, including nearly all of its down-filled outerwear. More than 80% of those down-filled products were manufactured directly in company facilities.
Canada Goose Holdings Inc. (NYSE:GOOS) has more flexibility than a mass-market apparel supplier. Direct-to-consumer revenue reached C$1.16 billion in fiscal 2026, or 75.7% of total sales. That model gives the company greater control over retail pricing, promotions, product allocation and channel mix.
Canada Goose Holdings Inc. (NYSE:GOOS) also entered the tariff period with evidence that its brand can support higher-value purchases. In the first quarter of fiscal 2027, management reported improved conversion and average order value, while gross margin increased to 62.4% from 61.4% a year earlier. Fiscal 2026 gross margin was 69.7% despite higher freight and duty costs.

#holdings #duty #value

Venture Global, Inc. (NYSE:VG) shares are drawing heightened attention following the release of its second-quarter 2026 financial results. The company delivered substantial growth across key operational and financial metrics, prompting management to raise its full-year 2026 Consolidated Adjusted EBITDA guidance to $8.7 billion–$9.1 billion (up from $8.2 billion–$8.5 billion). Driven by accelerating production from its Plaquemines LNG facility, Venture Global exported 127 cargoes and sold 466.4 TBtu during the quarter, a 42% surge in volume year-over-year.
For Q2 2026, Venture Global, Inc. (NYSE:VG) reported total revenue of $4.6 billion, up 48% from $3.10 billion in Q2 2025. Operating income soared 111% year-over-year to $2.2 billion, while net income attributable to common stockholders surged 266% to $1.3 billion ($0.51 diluted EPS vs. $0.14 a year ago). Consolidated Adjusted EBITDA reached $2.5 billion, marking a 79% jump compared to $1.39 billion in the prior-year period. Stronger implied liquefaction fees under commissioning sales agreements and tight cost controls allowed operating margins to expand to 47.8%. Additionally, the board declared a $0.04 per share cash dividend for Q3.
On August 12, Wells Fargo raised its price target on Venture Global, Inc. (NYSE:VG) to $15 from $14 while maintaining an Equal Weight rating. The firm noted Q2 was essentially in line with expectations, highlighting the company's raised 2026 guidance above consensus on higher market spreads. Wells cited higher underlying EBITDA estimates and a significant increase in Venture Global's dividend per share as key supporting drivers.
This brings up a core question: Does the guidance hike and operational expansion signal a lasting multi-year earnings transformation, or are investors exposed to project execution and leverage risks?
Proponents point to Venture Global, Inc. (NYSE:VG)'s strong profitability, expanding scale, and long-term contracted position. Rapid volume growth, evidenced by passing its 1,000th total exported cargo, proves operational capability, while 91% contracted cargo coverage for 2026 offers high cash flow visibility. Furthermore, management's recent refinancing efforts extend maturities and lower debt-service costs, offering a stable financial foundation to fund project build-outs like CP2 and maintain shareholder returns.

#billion #global #ebitda

Stephen Jackson has spent years ranking LeBron James behind Michael Jordan and Kobe Bryant in the GOAT debate, and he is not backing down now. Just weeks after LeBron stunned the basketball world by leaving the Los Angeles Lakers for a stacked Philadelphia 76ers roster, Jackson weighed in on the decision. His take on All The Smoke has already sparked fresh debate among fans and ***** ysts alike.
Jackson did not hold back when comparing LeBron's free agency choice to his earlier return to Cleveland.
"With all the GOAT talk comparing him to Michael and Kobe, going back to Cleveland was the only move that made sense to keep him in that conversation. Joining a team that's already championship-ready isn't the best player in the league challenging himself," Stephen Jackson said.
Los Angeles Lakers forward LeBron James (R) greets Philadelphia 76ers forward Danny Green (L) before a game at Wells Fargo Center. Mandatory Credit: Bill Streicher-USA TODAY Sports
The former NBA forward's point centers on how fans constantly compare James to Jordan and Bryant, two players who built their legacies by carrying their own rosters through adversity.

#stephen

Treasury Secretary Scott Bessent moved fast to calm the bond market this month. Two of the biggest names on Wall Street just moved just as fast to say it probably will not be enough. A rebuttal that landed within days of his own announcement.
The pushback lands at an awkward moment for Bessent. The national debt just hit a fresh milestone and a closely watched Federal Reserve speech is only days away. Both developments raise the stakes for whatever the Treasury decides to do next.
Interest rate strategists at Goldman Sachs and Wells Fargo both said the Treasury Department's expanded bond buybacks will do little to reverse the recent jump in long-term yields. Rates on 10- and 30-year Treasuries briefly dropped after the announcement, then rose again, erasing much of the initial relief, Bloomberg reported.
Goldman Sachs strategists George Cole and William Marshall wrote in an August 21 research note that the buyback expansion "does not address what we see as the main sources of recent long-end volatility." They added that the buybacks are "unlikely to meaningfully reset rate levels even if scaled up."
Wells Fargo strategists led by Erik Nelson made a similar case in their own August 21 note, arguing that lowering long-end yields would require macroeconomic shifts rather than Treasury market operations. They pointed to a slowdown in growth and inflation, less uncertainty around Federal Reserve policy, fiscal consolidation, or a decline in investment-grade corporate bond issuance as the kinds of catalysts actually needed to move yields lower.

#strategists

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.

Top 5 Upgrades:
Raymond James upgraded AMD (AMD) to Strong Buy from Outperform with a price target of $641, up from $565. The firm believes AMD offers the "strongest combination of direct earnings leverage" given its data center positioning and market share gains.
Wolfe Research upgraded Moderna (MRNA) to Peer Perform from Underperform without a price target. The firm says the positive melanoma trial de-risks the intismeran platform.
Wells Fargo upgraded Shift4 Payments (FOUR) to Overweight from Equal Weight with a price target of $59, up from $55. The firm sees an improved share setup post the Q2 report.
Morgan Stanley upgraded Dynatrace (DT) to Overweight from Equal Weight with a price target of $65, up from $58. The firm says the observability market is experiencing the healthiest demand since 2022 amid the strongest public cloud growth in several years.

#upgraded #target #market #equal

Fidelity National Information Services (NYSE:FIS) shares fell 1.1% in pre-market trading to $40.94 after Wells Fargo downgraded the financial technology company to Equal Weight from Overweight and **** igned a $46 price target.
The downgrade reflects a less favourable **** sment of the stock's risk-reward profile following a series of downward revisions to the company's outlook. **** yst sentiment towards FIS has also become increasingly cautious, with the shares now carrying 14 Buy ratings, 13 Hold ratings and one Sell rating.
Wells Fargo's downgrade follows Fidelity National Information Services' second-quarter results on August 4, when the company reported adjusted earnings of $1.48 per share, one cent ahead of consensus expectations. Revenue of $3.38 billion was broadly in line with forecasts.
However, investors focused more heavily on weaker guidance. FIS reduced its Capital Markets segment revenue growth forecast to between 3% and 3.5%, down from its previous expectation of 5.5%.
The company also lowered its full-year adjusted earnings guidance to between $6.15 and $6.24 per share from $6.22 to $6.32 previously. Revenue guidance for the year was cut to a range of $13.63 billion to $13.70 billion, compared with the earlier forecast of $13.77 billion to $13.85 billion.

#company #guidance #fidelity #shares

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Companies can keep their on-tap cold brew and "unlimited" PTO. What employees really want are fertility benefits, and there's a market for providing them that's underserved.
Wells Fargo **** ysts last week rated fertility-benefits provider Progyny a strong buy, saying the category leader so far only serves 5% of its potential market. Progyny provides family-focused services to about 7 million patients at more than 600 companies, but Wells Fargo sees a potential market of 156 million.
The decade-old company made nearly $1.3 billion in revenue in the past fiscal year, up 10%, as it continued expanding beyond basic fertility services.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.

#wells

Banking giants JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Company (NYSE:WFC) have appeared multiple times on Jim Cramer's radar in 2026. For JPMorgan, Cramer has insisted on multiple occasions that the stock is undervalued when it comes to the price-to-earnings ratio. As for Wells Fargo, Cramer believes that the strategies put in place by CEO Charlie Scharf have not translated into a healthy multiple. On the 17th, the CNBC TV host continued to insist that the multiples were low:
"But I do think that JPMorgan, I'm gonna say it, I think it's still radically undervalued. Yeah, I put it down as stocks that I wish I owned, JPMorgan. You know, 15 multiple, just doing everything right. What is it doing down there? Why? Why?
"I think when you have JPMorgan up 12%, in a year when JPMorgan could be the dominant banking institution worldwide, that makes no sense to me. I mean, what are people thinking when they sell it? Cause it's at 14 times earnings? They expect it to be 13 times earnings?
"By the way, I am a believer in Wells Fargo, Charlie Scharf, one of the smartest minds in the business, that's downn4% for the year. You want a bargain? 12 times earnings, 12 times earnings. When Buffett loved it it wasn't, it was 10 times earnings in 1990."
For Wells Fargo & Company (NYSE:WFC), the narrative is driven by the Federal Reserve's decision to remove the bank's ***** et cap in June 2025. The cap had limited the bank from growing its ***** ets beyond the $1.95 trillion mark, which limited the bank's ability to grow. Among the initiatives that Scharf is spearheading include corporate and investment banking initiatives, which have benefited from seasoned executives joining its ranks. The impact of the ***** et cap removal was also clear on Wells Fargo & Company (NYSE:WFC)'s loan growth, which increased by 12% annually to $1 trillion in the second quarter. Similarly, investment banking fees jumped by 35% to $939 million while Markets revenue grew by 24% to $2.2 billion, which makes Cramer's optimism in the firm clear.

#jpmorgan #wells

Financial technology firms' SoFi Technologies, Inc. (NASDAQ:SOFI) and PayPal Holdings, Inc. (NASDAQ:PYPL)'s shares have diverged in performance in 2026. SOFI is down by 31% year-to-date while PYPL is up by 5.9%. PayPal Holdings, Inc. (NASDAQ:PYPL)'s stock has gained primarily on the back of takeover news, but Cramer has remained unconvinced. In his previous remarks about the firm, the CNBC TV host remarked that he was hesitant to recommend the stock on the basis of takeover news. In his morning appearance on August 17th, Cramer admonished **** ysts for recommending the stocks even though they were struggling:
"One of the more irritating parts of this market is, the insistence of loving fintech. The **** ysts just love fintech. And the three that they love are SoFi, Klarna, and now PayPal. Look, I totally understand it. But you don't need to reiterate every day people. We understand. PayPal maybe a takeover candidate. Klarna is doing really great. SoFi, it's going to come back. Just stop. **** ysts stop recommending these. Let them go to where they are on the downside. And then you can recommend them. . .I really think that's what happened is that, thatPayPal, when we heard that it might get a takeover bid, it made everything really exciting to people. But I just think, no, just go buy Wells Fargo. Go buy JPMorgan over Klarna. Okay. Or over PayPal."
SoFi Technologies, Inc. (NASDAQ:SOFI)'s narrative surrounds its valuation. The firm's forward P/E ratio is 31.55, which is nearly double that of banking giant JPMorgan and more than 2x of PYPL's 11.79. The risk to SoFi Technologies, Inc. (NASDAQ:SOFI)'s valuation comes from its transformation into a digital bank from a student loan company. Therefore, the firm's Financial Services and Technology platforms are at the center of the narrative.
On this front, SoFi Technologies, Inc. (NASDAQ:SOFI)'s second quarter saw its two businesses grow net revenue by 29% and drop by 23% annually. Technology suffered as a large client transitioned away from the platform. SoFi Technologies, Inc. (NASDAQ:SOFI)'s management added that the two businesses should account for more than 50% of overall revenue over the long term. To sum it up, the firm's headwinds could stem from high deposit costs of sizable amount of funds, such as $45 billion in the latest quarter, while the capital light Financial Services business and fee-driven Technology Services could lead the way to growth.
Shifting towards PayPal Holdings, Inc. (NASDAQ:PYPL), it's all about turnaround versus acquisitions. The turnaround camp, of which its management is also a part of, hinges on improved checkout performance, AI modernization, cost savings and Venmo growth. Through these, PayPal Holdings, Inc. (NASDAQ:PYPL) aims to save $400 million in costs in 2026 and streamline headcount in 2027. Therefore, the firm could experience tailwinds should it achieve the stated $1.5 billion in gross run rate savings and generate earnings power.

#NASDAQ #paypal

Williams' latest plea highlights a years-long fight for independence after she was placed in a guardianship in 2022.
Wendy Williams is publicly renewing her call for freedom from the court-ordered guardianship that has controlled aspects of her life since 2022.
During a rare New York City appearance, the former talk-show host told a paparazzo, "I want out!" as questions surrounding her health, independence and legal status continue.
Williams' brief public statement comes after years of controversy surrounding her guardianship and medical care. She has repeatedly objected to the arrangement, previously saying she wanted control of the money she earned throughout her career. According to Page Six, the guardianship began in 2022 after Wells Fargo raised concerns about Williams' ability to manage her affairs. Attorney Sabrina Morrissey was subsequently appointed as her legal guardian.
Williams' health has remained central to the dispute. In 2024, her representatives disclosed diagnoses of frontotemporal dementia and aphasia following medical testing. However, additional testing in 2025 reportedly led doctors to question or walk back the dementia diagnosis, adding another layer of uncertainty to her legal battle. The guardianship was also the focus of a four-part documentary for Lifetime, for which Morrissey sued after her attempts to block its release failed. Both she and A&E settled, although Williams was paid a "paltry" $82,000 for her appearance.

#williams #guardianship #Legal #morrissey

During the August 18 episode of Mad Money, Jim Cramer turned his attention toward the resilience of the American consumer and the solid trajectory of travel platforms. He highlighted the ongoing strength in the travel segment, as he commented:
Finally, in my litany of things that just aren't that horrible, front and center is the consumer. Last night, I talked about how well Airbnb is doing. It's on fire. People traveling their darn… heads off. They're using AI to write programs and answer calls, and it's saving them fortunes.
Cramer's current bullishness follows a steady evolution from earlier market skepticism, recalling how Wall Street previously treated the travel sector amid broader macro headwinds. During the April 22 episode, when a caller asked about the Airbnb, Inc. (NASDAQ:ABNB) stock, Cramer responded:
Travel and leisure's being challenged. But I gotta tell you, I read a Wells Fargo piece this morning that said we are finally at the inflection and the stock is about to turn up. I am going with Wells Fargo. I think it's at the right level. I think it is going to do incredibly well, and this is a buy. And I did say in How to Make Money in Any Market, I made the point that Brian Chesky is real, okay? The guy, the CEO, he's real. He has some ups and downs like the rest of us. But holy cow, I think he's going to be good.
Airbnb, Inc.'s (NASDAQ:ABNB) second-quarter financial results support the long-term conviction, with revenue growing 16.8% year-over-year to $3.61 billion, beating consensus estimates by $30 million. GAAP EPS came in at $1.37, outperforming expectations by $0.12. Gross booking value climbed 16% to $27.2 billion, driven by strong travel demand across core and expansion markets.

#abnb

U.S. stocks fell Thursday as Treasury yields climbed back from the prior session's decline and a steep drop in Walmart stock weighed on the broader market. The Dow Jones Industrial Average dropped 350 points, or 0.6%, with the S&P 500 off 0.3% and the Nasdaq Composite retreating 0.4%.
Walmart stock fell 8% after the company's U.S. comparable-store sales came in below what **** ysts had expected; its adjusted earnings outlook for the third quarter and the full year also disappointed, according to CNBC.
Bond yields turned higher Thursday, reversing Wednesday's pullback that had followed the Treasury Department's announcement that it would at least double repurchases of 10-, 20-, and 30-year debt over the coming months. The 10-year Treasury yield climbed more than 5 basis points to 4.704%, with the 30-year yield rising 6 basis points to reach 5.254%. The 30-year had spiked to its highest level in nearly 20 years earlier this week.
The intervention by Treasury Secretary Scott Bessent drew skepticism from **** ysts. **** ysts at ING, as quoted by The Wall Street Journal, compared the maneuver to "rearranging deckchairs on the **** anic," noting that without a concrete path to addressing the country's $40 trillion debt, any lasting relief in borrowing costs remained far-fetched.
Michael Schumacher, former head of macro at Wells Fargo, shared that skepticism. "I'm still negative. I think long-term rates go up for a few reasons. In the U.S. case in particular, there's just a huge budget deficit. Not much sign that's going to improve. On top of that, you've got defense spending going up," he told CNBC.

#points #yields

Earlier this year, one of Wall Street's most closely watched research arms made a bold commodity price call, the boldest any large institution had made in years.
The forecast turned heads. It implied the kind of return that usually only shows up in speculative ******* ets. And for a few months, the trade was working.
Then the market changed. The call got walked back. Then walked back again. This is the third revision in 2026 alone, and the gap between where Wells Fargo started the year and where its forecast sits today is large enough to matter for anyone who has been tracking it.
Wells Fargo Investment Institute lowered its 2026 gold price target to $4,900 to $5,100 an ounce from the previous range of $5,300 to $5,500. Its 2027 target also dropped, to $5,400 to $5,600 from $5,800 to $6,000. Both ranges came down by $400 at each end.
In February, Wells Fargo raised its 2026 gold target to $6,100 to $6,300. Gold was trading near $4,961 at the time. The bank was calling for 23% to 27% upside by year's end.

#call #forecast

Aug 17 (Reuters) - U.S. home builder sentiment unexpectedly ticked higher in August, but residential construction firms' confidence remains weak overall, weighed down by economic uncertainty, high mortgage rates and steep building costs ‌aggravated by the U.S.-led war with Iran, a survey showed on Monday.
The National ****** ociation of Home ‌Builders/Wells Fargo Housing Market index rose one point to a reading of 35 this month from July's unrevised level of 34. Economists polled by Reuters had forecast the index would decline for a third straight month to 33.
A NAHB subindex measuring current sales of single-family homes ticked up to 39, the highest since May, from 37 in July, while measures of future sales and prospective buyer foot traffic were both unchanged.
On a regional basis, sentiment edged up in the Northeast, South and West ‌and was unchanged in the Midwest.
The national ⁠index level in August marked the 16th straight month it has remained below 40, the longest such stretch since 2012. Indeed, the index has not breached the 50 level demarking ⁠business conditions that builders consider to be positive in more than two years.

#sentiment

SIOUX CITY, Iowa (KCAU) - The Explorers return home after a pair of road sereis, picking up crucial wins against Fargo-Moorhead and Winnipeg as the team looks to keep its postseason hopes intact with about three weeks remaining in the American ****** ociation regular season.
Sioux City has continued to chip away and cut into their postseason deficit, picking up four wins over a pair of road series at Fargo-Moorhead and then-West Division leading Winnipeg.
In Saturday's game against the Goldeyes, the Explorers plated a season-high 17 runs in the win - boosting the team's batting average into the league's top five at .278.
The Explorers enter the week 2.5 games back of I-29 rival Sioux Falls with 20 games to go, understanding the importance of the six-game home stand.
"It's go time. So we're viewing it as we're four and two in the playoffs right now. So two big series wins for us to to cut into the deficit that we are sitting at right now," X's manager Steve Montgomery mentioned. "So we know that these two series in this in this home stretch is going to be very, very important. We have to go out and have got to play good baseball and come away with some series wins."

#sioux #series #city #winnipeg

On Thursday, reports emerged that the Seahawks had an agreement with free-agent cornerback Terrion Arnold. Four days later, the agreement has yet to become an official transaction.
Asked about the timetable for Arnold's arrival on Monday, coach Mike Macdonald told reporters: "No update on his front."
On Friday, Macdonald said "the timetable is being worked out" regarding Arnold. Macdonald also used the phrase "if and when he gets here."
In the NFL, nothing is done until it's done. Something is keeping the verbal deal from becoming a roster move.
Given that Arnold is facing eight felony charges that carry a potential sentence of life in prison arising from February's Fargo-style effort to recover stolen property at gunpoint (Arnold denies any role in the caper), it's possible that the Seahawks are exploring whether the league will put him on paid leave the moment the ink begins to dry on his Seahawks contract.

#arnold #macdonald #thursday #four

Raymond Bridges didn't set out to build just another ETF, instead creating one for people who can't afford market drama. He digs into the reasoning behind the launch of the Bridges Capital Tactical ETF (BDGS), the mechanisms that have led to an up to 80% position in cash by the fund, and where it fits into portfolios on this episode of Behind the Ticker with host Brad Roth.
As a CPA based in Florida, Bridges spent 26 years watching a very specific kind of investor: retirees pulling money out every month, not younger folks piling it in. That distinction is everything to him, because volatility that helps an accumulator wrecks a distributor. After years at Wells Fargo, he launched Bridges Capital in 2018 and rolled out BDGS, the Bridges Capital Tactical ETF, in 2023 to put that philosophy into practice.
The fund itself is a mixture of big-picture macro thinking and disciplined technical trading. On the macro side, Bridges leans on Austrian business cycle theory, arguing that COVID-era money printing is still distorting ******* et prices and that we're in the late innings of that cycle. It's the reason the fund has held as much as 80% cash and never gone above 60% equities since launch. On the tactical side, the team tracks market breadth across four indexes and buys into weakness in small tranches, hunting for top-market-cap names trading below their averages rather than chasing momentum. It's a deliberately counter-trend approach, with the fund holding cash through June's strength and only starting to scale in as breadth firmed up under softening prices.
Bridges also offered insights on how the fund should be judged and where it fits. He pushes the Sortino ratio over the more common Sharpe ratio, since Sortino only penalizes downside risk, the metric retirees actually care about. He's not shy about pitching BDGS as a replacement for the bond sleeve in a 60/40 portfolio either, arguing long bonds are illiquid and structurally weak at today's yields. And zooming out, he sees the falling cost of launching an ETF as a genuine industry shift, opening the door for smaller firms with real, tested processes to compete with giants like Vanguard and BlackRock.
To learn more about the Bridges Capital ETF, go here.

#bridges #bdgs

Shares of eBay (EBAY) inched lower on Aug. 3 after Wells Fargo's senior ******* yst Ken Gawrelski downgraded the e-commerce giant to "Underweight." In his research note, Gawrelski also lowered his price target on EBAY to $92, indicating potential downside of roughly 5% from current levels.
That said, eBay stock has been a lucrative investment in 2026, currently up nearly 35% versus its year-to-date low in mid-February.
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#gawrelski

Shares of eBay (EBAY) inched lower on Aug. 3 after Wells Fargo's senior ****** yst Ken Gawrelski downgraded the e-commerce giant to "Underweight." In his research note, Gawrelski also lowered his price target on EBAY to $92, indicating potential downside of roughly 5% from current levels.
That said, eBay stock has been a lucrative investment in 2026, currently up nearly 35% versus its year-to-date low in mid-February.
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#gawrelski #giant #Stock #wells

With a market cap of $267.1 billion, Wells Fargo & Company (WFC) is one of the largest diversified financial services companies in the United States, providing a broad range of banking, lending, investment, wealth management, and financial services to consumers, businesses, and institutions. Headquartered in San Francisco, California, the bank serves millions of customers through branches, ATMs, digital banking platforms, and commercial banking offices across the U.S.
Wells Fargo has struggled to keep pace with the broader market. Its stock has risen 4.6% over the past 52 weeks and has declined 6.8% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 16.3% over the past year and risen 8.5% in 2026.
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#banking #wells #Stock #Services