Profits of US mid-sized banks likely to be squeezed by higher funding costs
By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, a move that could…
By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, a move that could…
(Reuters) – Alaska Air Group cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees. Major U.S. airlines are already…
(Reuters) – Tesla CEO Elon Musk spent much of a call with analysts and investors on the electric car maker’s earnings discussing what he sees as the risks from high…
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR has strived to structure its offer for the fixed line of Telecom Italia (TIM) in a way that would help the…
LONDON (Reuters) – Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute’s global pensions report said on Tuesday, with the Netherlands in…
NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal Reserve…
‘Cast A Long Shadow’: UAW Strike Costs Billions In Losses With No End In Sight Will Kessler on October 7, 2023 The United Auto Workers (UAW) strike has caused billions…
By Jose Luis Gonzalez and Brendan O’Boyle MEXICO CITY (Reuters) – Trucks attempting to enter the United States from Mexico queued for miles on Wednesday amid delays related to record…
By Xinghui Kok SINGAPORE (Reuters) – To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in…
MEXICO CITY (Reuters) – The costs of spiking migration for a key Mexican border state due to a sharp downturn in U.S.-bound cargo trucks total nearly $1 billion over about…
(Reuters) – Robinhood Markets expects a $100-million charge in the third quarter to resolve some legal and regulatory matters that were previously disclosed, the trading app operator said on Friday.…
By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s annual budget spending on servicing its state debt will more than double to 3.32 trillion roubles ($34.24 billion) between now and…
(Reuters) – Athletic-wear retailer Dick’s Sporting Goods said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less than its proposed hiring for…
(Reuters) – Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts…
By Matt Tracy (Reuters) – U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with…
By Matt Tracy (Reuters) – U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term liabilities. But they were doing…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they’re likely to go a lot…
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push Harold Hutchison on September 8, 2023 A former Trump administration official predicted that…
By Deborah J. Nelson, Ryan McNeill and Helen Reid LONDON (Reuters) – Health officials from around the world, as they gather to discuss a treaty addressing pandemic prevention next week,…
By Jonathan Cable LONDON (Reuters) – British home prices will fall 4% this year, more than was thought a few months ago, as high interest rates and living costs keep…
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August, a survey showed on Friday, as manufacturers were squeezed by cost pressures from raw material inflation…
By Matt Tracy (Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate (CRE), particularly owners of apartments and other multifamily properties already grappling with…
By Mark Miller (Reuters) – An important Biden administration effort to control the soaring cost of prescription drugs made headlines this week – but drug costs are just one part…
By Deborah Mary Sophia (Reuters) – Campbell Soup forecast annual profit largely above Wall Street estimates on Thursday, encouraged by easing costs and steady demand for its snacks even as…
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderating…