United Airlines beat expectations for the first quarter and its stock is by soaring. Here's what you need to know.
JACKSONVILLE, Fla. — CSX reported weaker first-quarter profits today as revenue fell despite higher freight volumes. “Working together, the ONE CSX team delivered a good start to the year that was in line with our expectations,” CEO Joe Hinrichs said in a statement. “We were pleased to see our consistent customer service performance lead to []Read More
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.
On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.
High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.
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...
ABS data shows changes in grocery consumption, prompting concerns over eating habits and the nation’s health Get our morning and afternoon news emails, free app or daily news podcastAustralians are buying less fruit and vegetables and consuming less milk, as relentless increases in grocery prices upend eating habits, raising concerns over the nation’s health.Overall, shoppers are buying less of just about everything, with consumption falling from 15.1m tonnes to 14.8m tonnes in 2022-23,...
(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.
The Top 10 Most Cost-Effective Countries To Get A High-Priced Higher Education A new study by Online Gaming Groups has evaluated over 30 countries to determine the most cost-effective higher education systems, focusing on the percentage of average annual income spent on educational expenses. This analysis included countries with the highest university fees, and additional costs such as living and rent were considered to accurately assess the full financial commitment needed for...
David Sherborne, lawyer for the Duke of Sussex, said his client faced an 'impossible' threat of high legal costs by continuing the case.
Take-Two Interactive Software Inc., the company behind the Grand Theft Auto
Take-Two Interactive Software Inc., the company behind the Grand Theft Auto