Author: Press Room

© Reuters. Germany stocks mixed at close of trade; DAX up 0.50% Investing.com – Germany stocks were mixed after the close on Friday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in Frankfurt, the gained 0.50% to hit a new 52-week high, while the index gained 0.82%, and the index fell 0.21%. The best performers of the session on the were Commerzbank AG O.N. (ETR:), which rose 5.65% or 0.55 points to trade at 10.36 at the close. Meanwhile, Deutsche Bank AG NA O.N. (ETR:)…

By Barani Krishnan Investing.com – in the United States rose by 25 billion cubic feet, or bcf, last week in the first series of injections for the spring season, government data showed on Thursday. Industry analysts tracked by Investing.com had anticipated a build of 28 bcf instead for the first week of April. The injection resulted in the balance of gas in storage rising to 1.855 trillion cubic feet, or tcf, the U.S. Energy Information Administration, or EIA, said in its latest inventory reading on gas. That was 33% above the year-ago storage level and nearly 19% higher than the…

By Ambar Warrick Investing.com — Most Asian currencies moved in a flat-to-low range on Tuesday as growing concerns over the path of U.S. monetary policy kept traders wary of risk-driven assets, while stronger-than-expected Chinese economic data did little to improve sentiment. rose slightly after data showed that in the first three months of 2023 grew a bigger-than-expected 4.5%, after the country relaxed most anti-COVID restrictions earlier this year. While the reading indicates that an economic recovery in the country is on track, other readings furthered the notion that a rebound has so far been largely uneven. Softer-than-expected data in particular…

By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate on Friday as an area of growing concern, with property values falling and more borrowers defaulting on their loans amid rising interest rates and a slowing economy. Faced with questions from analysts about their exposure to commercial real estate (CRE) and potential of losses, executives at Wells Fargo (NYSE:) & Co, Citigroup Inc (NYSE:) and JPMorgan Chase & Co (NYSE:) said conditions were getting worse for the sector. “Weakness continues to develop in commercial real estate office,” Wells Fargo Chief…

Two Federal Reserve officials have signaled the likelihood of a 0.25-percentage-point May hike in separate interviews. This confirms the view of debt markets which now give an 8 in 10 chance of rates exceeding 5% at the Fed’s upcoming May 2-3 meeting. Bullard’s View James Bullard, President of the Federal Reserve Bank of St Louis signaled that another hike was appropriate given “persistent” inflation in a recent interview. Bullard downplayed the markets’ recession fears given the strength of recent employment data. He also pointed to low levels of financial stress implying that the recent banking crisis may have passed. Bostic’s…

While Street Earnings overstate profits for the majority of S&P 500 companies, there are many S&P 500 companies whose Street Earnings are lower than their true Core Earnings. Street Earnings refer to Zacks Earnings, which are adjusted to remove non-recurring items using standardized sell-side assumptions. This report shows: the frequency and magnitude of understated Street Earnings in the S&P 500 five S&P 500 companies likely to beat 1Q23 earnings Street EPS Are Lower Than Core EPS for 154 S&P 500 Companies For 154 companies in the S&P 500, or 31%, Street Earnings are lower than Core Earnings in the TTM…

A popular student loan forgiveness option for borrowers who work in the public and nonprofit sectors has been in the news a lot lately, as the Biden administration implements multiple initiatives designed to expand and improve relief. The program’s requirements were already opaque and difficult to navigate. And some recent and upcoming developments, while helpful for many borrowers, may only add to the confusion about who qualifies. Here’s what borrowers should know. Background: Student Loan Forgiveness For Public Service Workers The Public Service Loan Forgiveness program, also referred to as PSLF, can provide federal student loan forgiveness for borrowers in…

For many Americans, tax season is as exciting as watching paint dry and as tedious as picking weeds in the garden. The best or worst moment is finalizing the calculations that determine whether you get a refund or a tax bill. Here are some tips on how you can use either outcome to improve your future financial wellness: The Happy and Exciting Feeling of Getting a Tax Refund Before you start planning that well-deserved trip or buying that big-ticket item, consider having your money make some financial priority pit stops that could be more beneficial for you in the long…

Economist Mohammed El-Erian says it’s wrong to call this a bank “crisis” — he prefers the word “tremors” — but it’s apparent from the steady selling by shareholders of regional banking stocks that serious concerns are present. Big, monster banks such as JP Morgan seem to be weathering the storm without too much difficulty, but the regionals do not look non-crisis like. The SPDR S&P Regional Banking ETF (NYSE: KRE KRE ) is the benchmark for the sector with holdings of the 145 stocks that make up the S&P’s Regional Banking Index. The ETF is managing to barely hold the…

On any other part of the planet this midcentury modern house might seem out of place. But in Palmdale, California, a city north of Los Angeles known as the “Aerospace Capital of America,” it looks for all the world like a Hollywood filming location. Palmdale, surrounded by rugged desert terrain against a backdrop of mountains, has been a proving ground for United States military aircraft for decades. NASA maintains an Armstrong Flight Research Center site there at the U.S. Air Force Plant 42. Aerospace is a principal industry. The home, built in 1986, is thoroughly rooted in the antics of…