Powell did not mince his words, and he reiterated that the Fed will continue to tighten its monetary policies and interest rate hikes to calm the inflation in the US economy. =

Warren Buffett has revealed that he no longer has any stake in Wells Fargo, a company he invested in 3 decades ago. Warren Buffett’s reason for the sell-off is based more on his principles of investment rather than assuming Wells Fargo is a bad investment. Wells Fargo’s share price jumped after the announcement. 

Wells Fargo shares closed 5.0% down after the bank reported its Q1 financial results.

The Past Catches Up With Wells Fargo Over Its 401(k) Plan.

Wells Fargo beats Wall Street expectations in the fiscal fourth quarter. Shares have climbed nearly 20% in 2022 already.