KeyCorp reported a 33.5% drop in first-quarter profit on Thursday as its net interest income was eroded by higher deposit costs and elevated interest rates kept borrowers on the sidelines. U.S. banks have been grappling with increased funding costs as elevated interest rates prompt customers to move cash from banks to safe-haven higher-yielding alternatives like money-market funds for better returns. Net interest income (NII), or the difference between what a bank earns on loans and pays out...
Ibotta began it’s path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its
Howie Schwab, a longtime ESPN producer and star of the ESPN trivia show
The Sea Eagles are reportedly set to terminate forward Josh Schuster's
It marked another increase after the prior month's annual gain of 6%, and
Nico Rosberg has no intentions of selling Charles Leclerc’s new ice cream brand in his wife’s shop. The Formula 1 legend is involved in the ice cream industry with his wife Vivian, owni
Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.
Alex Hungate wants people to think of the Southeast Asian startup as a data science company, not a ride-hailing and food delivery firm.
Lloyds Banking Group has announced its profits plunged by 28% in the first
Leading EV manufacturer Tesla continues to lose sales, with another profit drop of as much as 55%. Tesla's profits are reportedly down 55% due to competition, and its price-cutting strategy finally caught up with that of the automaking giant.
The trailer for season three of the much-loved series Clarkson’s Farm has just been released. Watch it here.