BusinessPersonal Finance

Wells Fargo’s Strong Earnings Signal Major Turnaround with Higher Profit Targets

Wells Fargo shares surged over 7% as the bank reported better-than-expected third-quarter results and raised its key profitability target. The bank’s transformation under CEO Charlie Scharf appears to be gaining momentum with improved investment banking performance and strategic initiatives driving growth.

Wells Fargo delivered a powerful response to its critics with better-than-expected third-quarter earnings that sent shares surging more than 7% and demonstrated significant progress in the bank’s multi-year transformation. The San Francisco-based lender reported total revenue of $21.44 billion, beating analyst expectations, while raising its medium-term profitability targets in a clear signal of confidence in its strategic direction.

Earnings Performance Exceeds Expectations

ComputingSoftware Guides

Windows 10 Final Update KB5066791 Released as Microsoft Ends Official Support

Microsoft has officially rolled out KB5066791, marking the final cumulative update for Windows 10 as mainstream support concludes. This update brings crucial security improvements and bug fixes while transitioning users to extended security options or newer operating systems.

Microsoft has officially released KB5066791 as the final cumulative update for Windows 10, bringing an end to mainstream support for the decade-old operating system. This significant milestone arrives during this month’s Patch Tuesday cycle, representing the last “B release” for the popular OS that has served millions of users worldwide since its initial launch.

What KB5066791 Delivers in Windows 10’s Final Update

Arts and EntertainmentSoftware Guides

Firefox Integrates Perplexity AI Search Engine as Global Default Option

Mozilla has officially integrated Perplexity’s AI answer engine into Firefox as a permanent search option following successful testing. The feature offers conversational search with cited answers and will expand to mobile devices in coming months.

In a significant move that bridges traditional web browsing with artificial intelligence capabilities, Mozilla has officially integrated AI-powered search engine Perplexity as a default option in its Firefox browser. Unlike competitors developing dedicated AI browsers, Mozilla’s approach allows users to enhance their existing browsing experience with advanced question answering capabilities while maintaining Firefox’s core functionality and privacy-focused philosophy.

From Limited Testing to Global Availability

BusinessEconomy and Trading

US Banking Giants See Deal Boom Amid Asset Bubble Warnings – Q3 Analysis

** Major US banks including JPMorgan and Goldman Sachs posted strong investment banking results fueled by record equity markets and dealmaking activity. However, executives cautioned about asset price bubbles forming amid investor exuberance and geopolitical risks.

Wall Street Banks Post Strong Q3 Performance Amid Economic Resilience

Top U.S. banking institutions reported robust third-quarter earnings, driven by a significant surge in investment banking revenue and sustained consumer financial health. Despite ongoing trade tensions and geopolitical uncertainties, banks benefited from resilient economic conditions and record-high equity markets. Goldman Sachs recorded a remarkable 42% jump in investment banking revenue, while JPMorgan Chase saw a 16% increase in fees, reflecting heightened activity in mergers, acquisitions, and capital markets. Wells Fargo and Citigroup also delivered solid performances, underscoring a broad-based recovery in Wall Street operations.

CryptographyLegal Careers

Bitcoin Investor Roger Ver Reaches $49.9 Million Tax Settlement with Trump Administration

Roger Ver, the early cryptocurrency investor nicknamed “Bitcoin Jesus,” has reached a landmark settlement with the Trump administration to resolve tax evasion charges. The deferred prosecution agreement could see Ver pay up to $49.9 million while avoiding potential prison time.

The “Bitcoin Jesus” tax resolution

Early cryptocurrency investor Roger Ver, widely known in digital currency circles as “Bitcoin Jesus,” has reached a significant legal resolution with the Trump administration to settle substantial tax evasion charges. According to court documents filed in Los Angeles federal court, Ver agreed to a deferred prosecution arrangement that could require payments totaling $49.9 million to resolve allegations he evaded tens of millions in tax obligations. The settlement represents one of the most notable cryptocurrency-related tax cases resolved during the current presidential administration.