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Tag:

interest

  • Business News

    US reports big interest in $52 billion semiconductor chips funding

    by Reuters August 9, 2023
    by Reuters August 9, 2023

    By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed interested in winning government semiconductor subsidy funding in a bid …

  • US and World News

    Trump aide’s lawyer may have conflicts of interest in documents case, prosecutors say

    by Reuters August 2, 2023
    by Reuters August 2, 2023

    By Jack Queen (Reuters) – Prosecutors who charged Donald Trump and two aides with mishandling classified documents asked a judge on Wednesday for a hearing over potential conflicts of interest …

  • Business News

    Israel judicial plan, higher interest rates pose risk for financial system -regulator

    by Reuters August 2, 2023
    by Reuters August 2, 2023

    By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible economic consequences from the government’s …

  • Business News

    Colombia central bank holds benchmark interest rate at 13.25%

    by Reuters July 31, 2023
    by Reuters July 31, 2023

    By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank unanimously held the benchmark interest rate at 13.25% for the second time in a row on Monday, amid …

  • Business News

    ECB’s Stournaras says further interest rate rise in September ‘looks difficult’

    by Reuters July 28, 2023
    by Reuters July 28, 2023

    ATHENS (Reuters) – A further rise in euro zone interest rates in September looked “difficult”, Greek central bank chief Yannis Stournaras said in an interview with a Greek news website …

  • Business News

    Higher interest rates depress UK commercial property, survey finds

    by Reuters July 26, 2023
    by Reuters July 26, 2023

    By David Milliken LONDON (Reuters) – Two thirds of property surveyors think Britain’s commercial real estate market is in a downturn, as higher Bank of England interest rates have brought …

  • Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

    Fed Resumes Interest Rate Hikes To Highest Level Since 2001

    by The Daily Caller July 26, 2023
    by The Daily Caller July 26, 2023

    Fed Resumes Interest Rate Hikes To Highest Level Since 2001 Will Kessler on July 26, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a …

  • Business News

    Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end

    by Reuters July 26, 2023
    by Reuters July 26, 2023

    BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, emphasizing ample scope for monetary …

  • US and World News

    Huntington Bancshares beats Q2 profit estimates on interest income strength

    by Reuters July 21, 2023
    by Reuters July 21, 2023

    (Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for its commercial loans. Largely positive …

  • Business News

    Regions Financial’s quarterly profit meets estimates on net interest income boost

    by Reuters July 21, 2023
    by Reuters July 21, 2023

    (Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income, thanks …

  • Business News

    Capital One Financial beats profit estimates on higher interest income

    by Reuters July 20, 2023
    by Reuters July 20, 2023

    (Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates. …

  • US and World News

    Marsh McLennan beats Q2 profit estimates on interest income boost

    by Reuters July 20, 2023
    by Reuters July 20, 2023

    (Reuters) – Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported a profit of $2.20 per …

  • Business News

    Fifth Third Bancorp tops profit estimates on strong interest income

    by Reuters July 20, 2023
    by Reuters July 20, 2023

    (Reuters) – Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. On an adjusted basis, the …

  • Business News

    US Bancorp sees annual net interest income below Wall Street estimates, shares fall

    by Reuters July 19, 2023
    by Reuters July 19, 2023

    (Reuters) – US Bancorp forecast full-year net interest income (NII) below Wall Street estimates, sending the lender’s shares down more than 1% in premarket trading on Wednesday. The weak forecast …

  • Business News

    M&T Bank beats profit estimates as higher rates boost interest income

    by Reuters July 19, 2023
    by Reuters July 19, 2023

    (Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation boosted the lender’s interest income. …

  • Business News

    Citizens Financial beats second-quarter profit estimates on interest income boost

    by Reuters July 19, 2023
    by Reuters July 19, 2023

    (Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The upbeat results follow a tumultuous …

  • Business News

    PNC Financial’s interest income forecast trim clouds upbeat quarter

    by Reuters July 18, 2023
    by Reuters July 18, 2023

    (Reuters) – PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings beat. Shares of the bank …

  • Business News

    State Street beats profit estimates as interest income rises

    by Reuters July 14, 2023
    by Reuters July 14, 2023

    (Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s policy tightening and assets under …

  • Baltimore NewsBreaking NewsMaryland NewsPolice Blotter

    Search for Person of Interest in July 4 Stabbing

    by Jeff Jones July 7, 2023
    by Jeff Jones July 7, 2023

    BALTIMORE, MD – Homicide detectives are seeking a person of interest in a fatal stabbing that took place on Tuesday. Surveillance footage reveals the individual at a nearby store unrelated …

  • Business News

    Argentina to hold interest rate at 97% as raging inflation eases – bank sources

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation …

  • Business News

    Aussie retailers in for more pain as high interest rates squeeze spending – Citi

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected …

  • Business News

    Junk-rated borrowers’ interest bill hits 13-year high- S&P

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Naomi Rovnick LONDON (Reuters) – Debt interest rates paid by the world’s riskiest corporate borrowers have reached the highest since 2010, at 6.1% on average, S&P Global Ratings said …

  • Business News

    ECB’s Villeroy: duration more important than level of interest rates

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels needed to get inflation headed …

  • Breaking NewsPolice BlotterVirginia News

    Jemarcus Devonte Butler Named as Person of Interest in Homicide Case

    by Jeff Jones June 24, 2023
    by Jeff Jones June 24, 2023

    LYNCHBURG, VA – Jemarcus Devonte Butler, 33, has been named as a person of interest in the recent homicide case of Ms. Laura DeLapp . His current location remains unknown. …

  • Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

    Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week

    by The Daily Caller June 22, 2023
    by The Daily Caller June 22, 2023

    Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week Jake Smith on June 21, 2023 Federal Reserve Chairman Jerome Powell said in a Wednesday statement that an increase …

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