Author: Press Room

The Bank of New York Mellon Corporation (NYSE:BK) Q1 2024 Earnings Conference Call April 16, 2024 11:00 AM ET Company Participants Marius Merz – Head of Investor RelationsRobin Vince – President and Chief Executive OfficerDermot McDonogh – Chief Financial Officer Conference Call Participants Alex Blostein – Goldman SachsSteven Chubak – Wolfe ResearchBetsy Graseck – Morgan StanleyEbrahim Poonawala – Bank of America SecuritiesBrennan Hawken – UBSMike Mayo – Wells Fargo SecuritiesGlenn Schorr – Evercore ISIGerard Cassidy – RBC Capital MarketsDavid Smith – Autonomous ResearchBrian Bedell – Deutsche BankKen Usdin – Jefferies Operator Good morning and welcome to the 2024 First Quarter…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israeli Prime Minister Benjamin Netanyahu spoke to UK Prime Minister Rishi Sunak on Tuesday, three days after Royal Air Force warplanes helped to protect the Jewish state from an Iranian aerial assault.UK officials said the two leaders spoke on Tuesday afternoon, more than 24 hours after Sunak had told the Commons that he would be speaking to Netanyahu “shortly”. A Downing Street spokesperson said Sunak had “reiterated the UK’s steadfast support for Israel’s security and for wider regional stability”, but added that…

Analyst weighs in after Supreme Court hears arguments on obstruction law used against January 6 rioters The Supreme Court’s conservative majority appeared skeptical of the Justice Department’s position during oral arguments over whether a federal obstruction law can be used to prosecute some of the rioters involved in the January 6, 2021, attack on the US Capitol. CNN senior Supreme Court analyst Joan Biskupic discusses. Read the full article here

In a recent move that has caught the attention of the market, Rahul D. Ballal, a director at Enliven Therapeutics, Inc. (NASDAQ:ELVN), sold shares of the company’s common stock. The transaction was executed on March 20, 2024, with Ballal disposing of 13,278 shares at prices that ranged from $19.005 to $19.405, resulting in a total sale amount of approximately $254,462. This sale was based on a weighted average price of $19.1642. The same day, Ballal also acquired 13,278 shares of Enliven Therapeutics through the exercise of options, at a price of $5.52 per share, totaling an investment of $73,294. These…

Investing.com – The U.S. dollar edged higher in European trade Thursday, retaining recent strength ahead the release of more cues on U.S. interest rates in the form of producer inflation and retail sales data.  At 06:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.490. Dollar gains ahead of U.S. PPI release The dollar received a boost earlier in the week after the release of a stronger-than-expected U.S. print earlier this week, which ramped up bets that the Federal Reserve will take its time in reducing interest…

(Reuters) – Foreign investors significantly increased their purchases of Japanese bonds last week amid growing expectation that Japan may soon end its long-standing negative interest rate policy and start increasing rates this year. They acquired a massive 1.15 trillion yen (about $7.8 billion) of long-term Japanese bonds on a net basis last week, the largest weekly net purchase since early-April 2023, data from the Ministry of Finance showed. Japanese short-term debt securities drew a net 2.22 trillion yen in overseas capital last week after about 2.75 trillion yen of net purchases in the prior week. The Bank of Japan will…

By Richard Eisenberg, Next Avenue Although the Conference Board Index says consumer confidence in the U.S. is markedly higher than it was in 2020, money struggles are serious for many households with incomes less than $75,000, The Financial Well-Being 2024 survey of 5,000 U.S. adults from Assurance IQ has found. Financial concerns are especially weighty for Americans ages 50 and older with incomes less than $75,000 (roughly the U.S. median household income), according to internal survey data that Assurance IQ, a Prudential Financial PRU subsidiary, provided to Next Avenue. Nearly half (45%) are worried their family wouldn’t be able to…

Mortgage rates marched higher this week, nearing 7% with no relief in sight for the sluggish housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.88% this week from 6.82% last week. The average rate on a 30-year loan was 6.27% a year ago. The average rate on the 15-year fixed mortgage jumped to 6.16% from 6.06% last week. One year ago, the rate on the 15-year fixed note averaged 5.54%.US NEW HOME SALES FALL; MEDIAN PRICE LOWEST IN MORE THAN 2-½ YEARS “Mortgage rates have…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of Apr. 1, 2024, average private student loan rates fell for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and increased for 5-year variable-rate loans. 10-year fixed rate: 7.37%, down from 9.03% the week before, -1.665-year variable…

The chronic inflation crisis is hindering millions of Americans’ ability to prepare for their financial future, according to a new study published by Allianz Life. Findings from the Allianz Life Insurance Company of North America show that U.S. households are draining their retirement savings, taking on debt and reducing the amount that they are setting aside for the future to maintain their present-day finances.Nearly 7 in 10 respondents said they have not contributed as much to their savings due to higher prices for everyday goods, while 51% of Americans said they are racking up more credit card debt in order…