Investors and consumers remain deeply pessimistic about the market, with widespread fears of an impending recession.
Wells Fargo has cleared its twelfth consent order since 2019, the lender said, moving closer to fixing long-standing regulatory issues.
Wall Street's anxiety over a potential slowdown in artificial intelligence spending is overblown, according to Morgan Stanley.
Barry Ritholtz, chairman of Ritholtz Wealth Management, believes investors must suppress emotional reactions to the current market turbulence.