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 …
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Trump aide’s lawyer may have conflicts of interest in documents case, prosecutors say
by Reutersby ReutersBy 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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersATHENS (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 …
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Higher interest rates depress UK commercial property, survey finds
by Reutersby ReutersBy 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 …
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Fed Resumes Interest Rate Hikes To Highest Level Since 2001
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 …
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Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
by Reutersby ReutersBRASILIA (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 Reutersby Reuters(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 …
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Regions Financial’s quarterly profit meets estimates on net interest income boost
by Reutersby Reuters(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 …
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Capital One Financial beats profit estimates on higher interest income
by Reutersby Reuters(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 Reutersby Reuters(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 Reutersby Reuters(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 …
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US Bancorp sees annual net interest income below Wall Street estimates, shares fall
by Reutersby Reuters(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 …
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M&T Bank beats profit estimates as higher rates boost interest income
by Reutersby Reuters(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. …
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Citizens Financial beats second-quarter profit estimates on interest income boost
by Reutersby Reuters(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 …
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PNC Financial’s interest income forecast trim clouds upbeat quarter
by Reutersby Reuters(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 …
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(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 …
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Search for Person of Interest in July 4 Stabbing
by Jeff Jonesby Jeff JonesBALTIMORE, 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 Reutersby ReutersBy 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 …
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Aussie retailers in for more pain as high interest rates squeeze spending – Citi
by Reutersby Reuters(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 …
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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 …
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ECB’s Villeroy: duration more important than level of interest rates
by Reutersby ReutersPARIS (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 …
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Jemarcus Devonte Butler Named as Person of Interest in Homicide Case
by Jeff Jonesby Jeff JonesLYNCHBURG, 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. …
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Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week
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 …