Author: Press Room

The news: After a turbulent Q1, banks are preparing to release their earnings starting this week. While major US banks were generally shielded from the runs that regional banks faced, many other economic factors are influencing earnings. Here’s what we expect to see.Net interest income will be a bright spot, but will experience some pressure.High interest rates on loans means banks will continue to rake in interest income. And even though many larger US banks experienced an inflow of deposits during the March banking crisis, their reluctance to boost rates on savings accounts means they didn’t pay much on the…

Elon Musk says he wouldn’t sell Twitter unless a buyer was committed to pursuing the truth. In an interview with BBC News, Musk originally said he wouldn’t sell the company for $44 billion. He later clarified, saying he would sell to someone who would “rigorously pursue the truth.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk says he wouldn’t be willing to sell Twitter for $44 billion — the price he paid for it — unless he found someone committed to pursuing…

BlackRock’s assets under management increased to $9.1tn in the first quarter but net income fell 19 per cent year on year, as the world’s largest money manager struggled with squeezed margins, subdued markets and lower performance fees.Revenue was down 10 per cent year on year to $4.2bn, with performance fees on its hedge funds and other alternative investment offerings down more than 40 per cent to $55bn, the money manager said on Friday. Net income fell 19 per cent year on year to $1.1bn, or $7.93 a share and ahead of the $7.67 expected by analysts polled by Bloomberg.However, assets under…

More than 100 temperature records could be broken across the Midwest and Northeast today as some cities brace for temperatures as much as 30 degrees above normal. View this map to see if you may be impacted by the possible record-setting heat. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “CNN’s 5 Things” delivered to your inbox daily. Sign up here.) A 21-year-old Air Force guardsman is being held in connection with the leaking of classified Pentagon documents that were posted online, Attorney General Merrick Garland announced Thursday.…

It isn’t what investors want to hear. Boeing (ticker: BA) has halted deliveries of its 737 MAX jet after the discovery of a parts compliance problem from a supplier. Boeing stock was down 5.4% in premarket trading Friday at $202. Shares gained 0.6% in regular trading on Thursday while the S&P 500 and Dow Jones Industrial Average rose 1.3% and 1.1%, respectively. “A supplier has notified us that a nonstandard manufacturing process was used during the installation of two fittings in the aft fuselage section of certain [737 MAX] airplanes, creating the potential for a nonconformance to required specifications,” said…

Shares of apparel retailer Express Inc. soared more than 20% in extended trading Thursday after announcing a deal to buy menswear brand Bonobos from Walmart Inc. for a fraction of what the mega-retailer paid to acquire it in 2017. Express EXPR, +0.46% and brand management firm WHP Global announced late Thursday they are buying Bonobos for a combined purchase price of $75 million. Walmart WMT, +0.10% bought Bonobos for $310 million in 2017 as part of a major effort to acquire buzzy online brands to boost its e-commerce business. Walmart’s e-commerce expansion turned out to be a flop, and the…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Summer is still a few months away, but many Americans who are currently booking flights and hotels may be appalled at the costs. Experts shared with MarketWatch their favorite tips to make the cost of travel a little less expensive.Airfares in March were up 4% from the previous month, according to the federal government. Prices for short-term stays such as…

© Reuters. Chinese vehicle sales fall flat in March as price war continues By Michael Elkins The China Passenger Car Association (CPCA) released data Monday showing growth in vehicle sales was flat in March compared to a year earlier. According to the CPCA, car sales in March were 1.61 million units. In the first three months, sales had fallen 13.4% to 4.33M units. Sales of new energy vehicles (NEVs), which include pure battery electric cars and plug-in hybrids, rose 21.9% in March and accounted for 34% of the month’s sales, the data showed. BYD (OTC:) led the segment with market…

By Bianca Flowers (Reuters) -Colorado farmers will be able to legally fix their own equipment next year, with manufacturers including Deere (NYSE:) & Co obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. The Consumer Right to Repair Agriculture Equipment Act passed 46-14 in Colorado’s Senate late on Tuesday, after winning approval in the state House of Representatives in February. The bill garnered bipartisan support as farmers grew increasingly frustrated with costly repairs and inflated input prices denting their profits. Colorado…

By Peter Nurse Investing.com – The U.S. dollar slumped to a one-year low in early European trade Friday on raised expectations that cooler-than-expected inflation data will result in an early end to the Federal Reserve’s rate-tightening cycle. At 02:00 ET (06:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 100.515, trading at levels last seen in April last year. The index is on course for a weekly decline of more than 1%, its steepest since January. These dollar losses followed the release of the March U.S. , which fell 0.5%…