Topic: Wells Fargo & Company

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Top 4 tips to keep your broker honest

Maybe individual investors can’t fix the broad regulatory breakdown that has allowed financial frauds to occur, like dodgy mortgage-backed securities and Bernie Madoff’s pyramid scheme. But they can take steps to protect themselves against unscrupulous financial advisers. Knowledge is the best weapon. The more investors know, the less likely they are to be taken advantage of by a dishonest broker. Here are four ways you can ensure your broker is following the rules:
06/04/2011 08:15 am

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Stocks fall on lackluster earnings

Stocks closed down on Wall Street Tuesday after a string of disappointing earning reports from major companies. Coca-Cola stocks fell after the company said it sold less soda in its home market of North America.
Stocks inch higher in record day on Wall Street

Stocks rallied in the closing minutes on Wall Street Friday, closing high enough to post new record highs for the Dow Jones industrial average and the Standard & Poor's 500 index. Profits at big banks Wells Fargo and JP Morgan came in better than expected, and that helped financial stocks.
Stocks fall on China slump, higher bond yields

Stocks dropped Monday on more signs of economic distress from China and a rise in bond yields. Stocks got closer to break-even around midday before falling again in the last hour.
Buffett's firm reveals new stock investments and divestments

Filings with the Securities and Exchange Commission revealed recent investment decisions made by Berkshire Hathaway, the investment group led by Warren Buffett. In addition to buying and selling stocks in its $85 billion U.S. stock portfolio, the company owns 80 other companies, some of which account for more than half its income.
Stocks end four-day advance as energy slips

A four-day advance for stocks came to an end on Wall Street as falling commodity prices brought down the stocks of energy and mining companies.
Worst lapse in years: Fed probes early release of minutes

More than 100 people received Federal Reserve policy minutes some 24 hours before their scheduled release. Federal Reserve and federal regulators are looking to see if any stocks or other securities were traded based on the information.
Stocks rise; Dow hits another record

Stocks rose on Wall Street Tuesday with the Dow Jones industrial average closing at another record high. Materials and energy stocks led the gains following a surge in prices for commodities like copper.
Stocks edge higher ahead of earnings season

Stocks closed higher on Wall Street Monday as traders turned their focus to US corporate earnings reports. Better-than-expected earnings reports from Alcoa helped push stocks higher.
Jobs report for March a disappointment. What happened?

The US economy created only 88,000 jobs last month. Possible factors include the increase in payroll taxes, which went into effect at the beginning of the year, and the tailing off of repairs from superstorm Sandy.
US incomes down 3.6 percent in January as payroll-tax relief expires

The Commerce Department report indicated a worse decline than economists were expecting. And it comes as the economy appears set to take another hit – the 'sequester.'
Dale Robertson leaves legacy of classic Western TV shows

Dale Robertson started in the movies, including such roles as Jesse James in "Fighting Man of the Plains. Dale Robertson moved into television, starring in series such as "Tales of Wells Fargo" (1957-62), "Iron Horse" (1966) and "Death Valley Days" (1968-70). Robertson died Tuesday.
'Sequester' scare tactics? White House details 'devastating' 50-state impact. (+video)

A White House report stresses the huge impact the sequester spending cuts would have on states. For some states, that might be true. But for others, the cuts might just be a blip.
Sequester 101: Is all this fuss really necessary?

The sequester spending cuts set to kick in March 1 address a serious long-term problem. But are they needed this year and in this way? No one thinks it's a perfect step.
Housing rebound? Homebuilder confidence reaches seven-year high.

US homebuilder confidence reached its highest level in nearly seven years in January, suggesting that prospects for housing market remain upbeat. But the National Association of Homebuilders said prolonged negotiations over fiscal policy had caused some uncertainty.
Stocks rise; S&P 500 just below 5-year high

Stocks rose on Wall Street Friday, but the Standard & Poor's 500 index fell just shy its five-year high. Boeing stock fell after the FAA announced a comprehensive review of Boeing's 787 after a fire and a fuel leak earlier this week.
‘Fiscal cliff’: Will Wall Street light a fire under Congress?

So far at least, many on Wall Street seem to think that no matter what happens over the next few days with the fiscal cliff, Congress will still come through early in the new year.
Stocks move higher as budget talks progress

Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
The Simple Dollar ATMs overseas: how to save money

Knowing ATM usage rules abroad can save you a lot of money on international ATM withdrawals, Hamm writes.
Cyberattacks on US banks resume, aiming to block their websites

The latest cyberattack mirrors one in early fall that targeted websites of major US banks. Security experts say the attacks appear to be the handiwork of a group tied to Hamas, which the US lists as a terrorist organization.
Change Agent How one man learned to share – and saved $17,000 in one year

Neal Gorenflo found he could share cars, lodging, office space, even a nanny, saving him money and helping him to live in a more sustainable way.
Why Obama is pushing for stimulus in 'fiscal cliff' deal (+video)

President Obama's opening offer in 'fiscal cliff' talks includes $255 billion in stimulus spending – tax cuts, incentives, and more. It could be a bargaining ploy or a bid to offset rising taxes on the rich.
Cash-strapped post office: new, faster package service?

Cash-strapped post office will test same-day package delivery in San Francisco Dec. 12. If expanded to 10 cities, same-day service could bring in $500 million a year, a drop in the bucket for cash-strapped post office's $15.9 billion loss this year.
Black Friday: Will the 'fiscal cliff' darken the mood in the malls?

Economists view Black Friday as a litmus test for consumer confidence, which is showing signs of weakening. Whether Washington can come to terms to avert the fiscal cliff – and tax hikes – is a wild card.
Economic toll of Sandy: Damage second only to Katrina?

Superstorm Sandy cut a path of destruction that could near $50 billion. Economic activity in New York City dipped 20 percent in storm's wake, but economists do not expect that Sandy will have a major impact on the nation's economic growth.
High earnings, low inflation propel stocks upward

Low inflation and decent earnings reports sent stocks upward Tuesday. Stocks in nine out of 10 industry groups in the S&P 500 index rose.