Author: Mark Calvey

“The economy has proven to be more resilient than we anticipated,” Wells Fargo economists said.

A surge in business-travel spending in early April has United questioning all the talk of recession.

“We’re taking incremental actions to tighten credit on higher-risk segments, but continue to lend broadly,” Wells Fargo CEO Charlie Scharf told investors.

Major layoffs are expected to fuel more office vacancies, but there are reasons for hope in some sectors of commercial real estate.

“March has some of the best looking trends we’ve seen,” a United Airlines executive told investors.

California’s proposed wealth tax appears to take aim at popular strategies among the wealthy to avoid state taxes. But the bill is already raising alarm bells in the Golden State business community: “We’ve already lost many of these folks — who have ta…

“You can’t run your airline like it’s 2019, or you will fail,” United Airlines CEO Scott Kirby said.

The San Francisco bank still has higher headcount and expenses than rivals with more complex operations, the CEO said.

“The ongoing contraction in buyer demand means further price drops are on the horizon,” the Wells Fargo economists said.