ASX - Delayed Quote AUD

Orbminco Limited (OB1.AX)

0.0010

-0.0010

(-50.00%)

At close: 10:06:50 AM GMT+10

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

Yahoo Finance 21 minutes ago

WFC
HPE top Q2 estimates, Q3 revenue forecasts. Stock gets lift.

In its fiscal second quarter release, Hewlett Packard Enterprise (HPE) beat consensus estimates on its net revenue ($7.63 billion vs. expectations of $7.46 billion) and adjusted earnings per share ($0.38 vs. expectations of $0.33). HPE shares are getting a lift in Tuesday's extended hours trading. Julie Hyman and Josh Lipton dive into the hardware and software developer's earnings print and its third quarter revenue and full-year profit figures. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Yahoo Finance Video 57 minutes ago

HPE
Nvidia reclaims crown as world's most valuable company as $1 trillion rally continues

Nvidia on Tuesday overtook Microsoft as the world's most valuable company Tuesday, with the AI chipmaker's market capitalization of $3.444 trillion eclipsing the software giant's $3.441 trillion.

Yahoo Finance 1 hour ago

NVDA

MSFT

TSM
Broadcom's all-time high, CVS investment, Robinhood & Bitstamp

Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Broadcom (AVGO) shares hitting an all-time high ahead of its earnings this Thursday, CVS Health (CVS) revealed plans to invest $20 billion to modernize American healthcare, and Robinhood Markets (HOOD) completing its acquisition of European crypto exchange Bitstamp. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Yahoo Finance Video 5 hours ago

CVS

AVGO

NVDA
Dollar General earnings: Inventory has been a priority amid tariffs

Dollar General (DG) is getting a stock boost on Tuesday morning after the discount retailer topped its first quarter earnings estimates and raised its annual guidance. RapidRatings Executive Chair James Gellert — who has given Dollar General's financial health a rating of 64 out of 100, above the broader retail space's rating of 55 — comes on the show to speak more about the chain's outlook and inventory management amid tariff concerns. Competitor Dollar Tree (DLTR) are scheduled to report its earnings this week on Wednesday, June 4. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Yahoo Finance Video 7 hours ago

DG

DLTR
The 'Magnificent 7' are outperforming other stocks again — here's why

The "Magnificent Seven" tech stocks led the market higher in May as investors searched for safety amid higher rates and economic uncertainty.

Yahoo Finance 13 hours ago

GOOG

NVDA

^DJI
Instant View: Wells Fargo asset cap lifted, allowing bank to grow

The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal. "This marks the end of a painful period for Wells Fargo, and also serves as a reminder for financial institutions to be sure customer interests are always aligned with growth goals."

Reuters 8 minutes ago

WFC
More Middle- and High-Income Earners Are Turning to Dollar General, CEO Says

Some 60% of Dollar General's core low-income customers feel the need to give up necessities in the year ahead, execs said.

Investopedia 16 minutes ago

DG

OLLI
CrowdStrike Stock Slides After Hitting All-Time High as Revenue Forecast Disappoints

CrowdStrike delivered a quarterly outlook that fell short of analysts' expectations, sending shares lower in extended trading Tuesday after the stock closed at a record high.

Investopedia 18 minutes ago

CRWD
Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

OAKVILLE, Ontario, June 03, 2025--Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX/NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following 11 nominees listed in the Company’s management information circular dated April 24, 2025 were elected as directors of AQN pursuant to a vote by ballot:

Business Wire 24 minutes ago

AQN
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. "We are a different and far stronger company today because of the work we’ve done,” said Wells Fargo CEO Charlie Scharf in a statement. Scharf also announced that each of the 215,000 employees at Wells Fargo would receive a $2,000 award for turning the bank around.

Associated Press Finance 26 minutes ago

WFC
HPE Fiscal Q2 Earnings, Revenue Top Wall Street Targets

Hewlett Packard Enterprise reported fiscal Q2 earnings and revenue that beat estimates while guidance came in above Wall Street's targets.

Investor's Business Daily 41 minutes ago

HPE
S&P 500 Gains & Losses Today: Dollar General Stock Soars as Discount Retailer Posts Solid Results

The S&P 500 advanced 0.6% on Tuesday, June 3, 2025, as a report showing a surprise increase in job openings last month marked latest signal of labor market resilience.

Investopedia 42 minutes ago

^GSPC

DG

KVUE
Wells Fargo stock rises after Fed lifts growth restrictions

Investing.com -- Wells Fargo shares climbed 3% following the Federal Reserve’s announcement that the bank is no longer subject to the asset growth restriction from the Board’s 2018 enforcement action. The Fed’s decision marks a significant turnaround for the financial institution, which had been working to meet the regulatory demands imposed due to previous risk management deficiencies.

Investing.com 48 minutes ago

WFC
Guidewire’s (NYSE:GWRE) Q1 Sales Top Estimates, Stock Soars

Insurance industry-focused software maker Guidewire (NYSE:GWRE) announced better-than-expected revenue in Q1 CY2025, with sales up 22% year on year to $293.5 million. Guidance for next quarter’s revenue was better than expected at $336 million at the midpoint, 1.1% above analysts’ estimates. Its non-GAAP profit of $0.88 per share was 88.1% above analysts’ consensus estimates.

StockStory 53 minutes ago

GWRE
CrowdStrike Earnings Top Estimates. Cybersecurity Stock Falls On Weak Guidance.

CrowdStrike stock tumbled after Q1 earnings topped estimates while the cybersecurity firm's guidance missed Wall Street targets.

Investor's Business Daily 54 minutes ago

CRWD
Hewlett Packard Enterprise (NYSE:HPE) Beats Q1 Sales Targets, Provides Optimistic Revenue Guidance for Next Quarter

Enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 5.9% year on year to $7.63 billion. Guidance for next quarter’s revenue was optimistic at $8.35 billion at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.38 per share was 16.3% above analysts’ consensus estimates.

StockStory 55 minutes ago

HPE
Dollar General CEO turns heads with earnings call comments

This is what could happen next to Dollar General stock.

TheStreet 57 minutes ago

DG
Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

WASHINGTON (Reuters) -Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth. The move hands a major victory to CEO Charlie Scharf, who has been cleaning up the bank since taking the top job in 2019. "It will be a significant bump for the stock in the near term and also paves the way for long-term growth as they don't have to manage their business around the asset cap now," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which holds JPMorgan stock.

Reuters 58 minutes ago

WFC
Guidewire Software: Fiscal Q3 Earnings Snapshot

The San Mateo, California-based company said it had profit of 54 cents per share. Earnings, adjusted for one-time gains and costs, were 88 cents per share. The results beat Wall Street expectations.

Associated Press Finance 59 minutes ago

GWRE

Performance Overview

Return	OB1.AX	S&P/ASX 200 [XJO] (^AXJO)
YTD	--	+3.77%
1-Year	--	+9.09%
3-Year	--	+16.96%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Orbminco Limited (OB1.AX)

Related News

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

HPE top Q2 estimates, Q3 revenue forecasts. Stock gets lift.

Nvidia reclaims crown as world's most valuable company as $1 trillion rally continues

Broadcom's all-time high, CVS investment, Robinhood & Bitstamp

Dollar General earnings: Inventory has been a priority amid tariffs

The 'Magnificent 7' are outperforming other stocks again — here's why

Instant View: Wells Fargo asset cap lifted, allowing bank to grow

More Middle- and High-Income Earners Are Turning to Dollar General, CEO Says

CrowdStrike Stock Slides After Hitting All-Time High as Revenue Forecast Disappoints

Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

HPE Fiscal Q2 Earnings, Revenue Top Wall Street Targets

S&P 500 Gains & Losses Today: Dollar General Stock Soars as Discount Retailer Posts Solid Results

Wells Fargo stock rises after Fed lifts growth restrictions

Guidewire’s (NYSE:GWRE) Q1 Sales Top Estimates, Stock Soars

CrowdStrike Earnings Top Estimates. Cybersecurity Stock Falls On Weak Guidance.

Hewlett Packard Enterprise (NYSE:HPE) Beats Q1 Sales Targets, Provides Optimistic Revenue Guidance for Next Quarter

Dollar General CEO turns heads with earnings call comments

Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

Guidewire Software: Fiscal Q3 Earnings Snapshot

Performance Overview