Global consultancy Kearney has today released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found that higher interest rates fueled a record year for retail banks. However, it also warned that banks should be leveraging their current […]
(Bloomberg) -- CVS Health Corp. shares tumbled the most in nine years after the company cut its annual earnings outlook for the second quarter in a row, citing increased medical costs in its Medicare insurance business.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Biggest Cloud Sales...
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...
Shares of the U.S. drugmaker have lost 11% of their value this year on worries over its growth after the pandemic as billions of dollars in COVID vaccine and treatment sales evaporated. Pfizer reiterated its annual revenue forecast of $8 billion from the sale of COVID-19 shot Comirnaty and anti-viral treatment Paxlovid. Revenue from Comirnaty, for which it partners with Germany's BioNTech, continues to perform consistently with its expectations, Pfizer said.
The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in medical procedures at its unit that houses health insurer Aetna to persist. U.S. health insurers have had to contend with rising medical costs over the past few quarters following higher demand for procedures, especially among older adults, that were delayed during the pandemic. CVS said in February it was seeing a rise in hip and knee...
The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in medical procedures at its unit that houses health insurer Aetna to persist. U.S. health insurers have had to contend with rising medical costs over the past few quarters following higher demand for procedures, especially among older adults, that were delayed during the pandemic. CVS said in February it was seeing a rise in hip and knee...
ABI reports annual jump of £157 in first quarter of 2024 but says 1% increase on previous quarter indicates rises are easingThe average price paid for comprehensive motor insurance in the UK was about a third (33%) or £157 higher in the first quarter of this year than a year earlier, according to figures from the Association of British Insurers (ABI).Based on analysis of policies sold, the typical price paid in the first quarter of 2024 was £635, marking a 1% increase on the previous quarter,...
EMPORIA (KSNT) - A former City of Emporia utility supervisor was arrested after allegedly stealing from the city. On Monday, April 29 the City of Emporia issued a press release regarding the arrest. According to the city, an investigation began after local police were notified of suspicious activity on city property on April 16. Detectives []
Rents in 18 of America's 50 largest metros have seen rents go up this year. New report by Realtor.com shows tenants in Chicago have seen the biggest hike. Rents have been a key driver of inflation,
The UK travel agent association has recommended that travellers overseas
SCRANTON, LACKAWANNA COUNTY (WBRE/WYOU) — Homelessness is a growing issue in the City of Scranton. In fact, there's been an increase in the number of homeless in recent years. Thursday, elected officials got a tour of the electric city's only overnight homeless shelter. In the last two years, Saint Anthony's Haven, managed by Catholic Social []
As cities across the Midwest and South clean up after they were hit hard by a devastating tornado outbreak, more severe weather could be on the way. NBC’s Jesse Kirsch reports and TODAY’s Al Roker tracks the latest forecast.