Source: The Washington Post / Getty The value of shares in Trump Media, the parent company of Truth Social, has been cut in half since being available on the public trading market. According to reports, shares of Trump Media & Technology Group, the company that operates the Truth Social social media network, closed at $32.59 Friday (April 12). Despite a late rally, the price reflects a 50% drop from its original peak closing price of $66.22 when it was first made available for public trading on...
Rate hikes by the U.S. Federal Reserve have compelled companies like Schwab to increase the interest they pay on deposits - a crucial source of capital that is used to invest in interest-earning assets and give out loans. Schwab has also taken on debt to bolster its funding, which hit interest revenue further. The interest rate on its borrowings from the Federal Home Loan Bank was 5.27%, compared with 5.05% a year ago.
The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.
Carnie Wilson is feeling lighter -- in more ways than one! Just days after the Wilson Phillips front woman showed off her 40-pound weight loss, she spoke to TooFab about how she shed the weight. "Just took it off in the last seven months," Wilson revealed, while promoting her new AXS TV cooking show, Sounds Delicious. "There was a part of me that said I'd love to be 25-pounds down by the time we do this show, but I had no idea I was going to embrace this whole new way of eating."...
(Reuters) -Citigroup's profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Citi said in its investor presentation that it expects a headcount reduction of 7,000 and $1.5 billion in annualized savings from reorganization. Fraser began a sweeping reorganization in September to simplify the bank and improve performance.
Global iPhone market share dropped 9.6% year-on-year in the first quarter of the year, enabling Samsung to retake the smartphone lead despite failing to increase its own shipments. Apple saw the biggest slump of any brand, at a time when the global smartphone market as a whole continues to grow more
Morgan Stanley shares slid as much as 6.5% after a report that a cadre of US regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients.
Caitlyn Jenner is breaking her silence. After O.J. Simpson's family announced he died at 76 after privately battling cancer, the Keeping Up With the Kardashians alum responded with her perspective
Pre-owned vehicles retailer CarMax missed analysts' estimates for fourth-quarter results and delayed a long-term financial target on Thursday, sending its shares down as much as 13% in premarket trading. The company said it expects to sell over 2 million combined retail and wholesale units annually between 2026 and 2030, compared to its previous target of achieving that goal by 2026. "We believe vehicle affordability challenges continued to impact our fourth quarter unit sales performance, with...
TUCK IN GRONKS! Heartbreak High Season Two is out today and Netflix has done the lord’s work by releasing the list of times that the beloved series will be dropping in each Aussie state because of timezones and all that jazz. This is great news for those of us (me) who would like to cancel […]
Asian shares mostly declined Friday after a U.S. Federal Reserve official said the central bank might not deliver any of the interest rate cuts that Wall Street has been banking on this year, citing concerns about inflation. Japan's benchmark Nikkei 225 dove 2.0% to finish at 38,992.08. Sydney's S&P/ASX 200