Although cannabis is enjoying a more mainstream profile, there is massive income inequality on display in the industry.
The number of mortgage applications, including refinancings and additions, increased by 16 percent in the first quarter of 2024 compared to the same quarter last year. Applications for the purchase of a home increased by 19 percent, De Hypotheker reported on Wednesday. Half of these applications were from young home buyers under the age of 35.
PNC Financial Services's Q1 profit was hurt by lower interest income as the lender paid more to hold customer deposits amid high interest rates.
BofA is among the large lenders, including rival JPMorgan, that are weighing the potential for the U.S. Federal Reserve to cut interest rates this year. The move could crimp banks' income from interest payments, but could potentially spur economy activity and borrower demand. BofA's net interest income (NII) -- the difference between what it earns on loans and pays for deposits -- slid 3% to $14 billion in the quarter due to higher deposit costs and modest loan growth.
Six people have been charged after police raided an illegal cannabis grow-op in Niagara Falls and seized marijuana plants worth an estimated $8 million. The OPP-led Provincial Joint Forces Cannabis Enforcement Team launched an investigation after it became aware of a strong cannabis odour coming from what was believed to be an abandoned warehouse on Don Murie Street. On April 17, police executed a search warrant and seized more than 2,500 clone cannabis plants and more than 13,000...
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...
Delta 9 Cannabis Inc. (OTCMKTS:DLTNF – Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 15,500 shares, a decline of 8.3% from the March 15th total of 16,900 shares. Based on an average daily trading volume, of 88,100 shares, the […]
Speaking at the inauguration of the Dattaji Bhale Smriti Samiti Karyalaya, RSS chief Mohan Bhagwat highlighted the monumental achievement of the Ram mandir construction in Ayodhya, attributing it to three decades of unwavering struggle and sacrifice.
Speaking at the inauguration of the Dattaji Bhale Smriti Samiti Karyalaya, RSS chief Mohan Bhagwat highlighted the monumental achievement of the Ram mandir construction in Ayodhya, attributing it to three decades of unwavering struggle and sacrifice.
A Nihon University student died after falling from the rooftop of a building in Tokyo, with an autopsy finding traces of cannabis in his urine, investigative sources said Monday. The 20-year-old, a member of the school's dance club, was found after a passerby notified police of a person lying on
M&T Bank posted a 25% drop in first-quarter profit on Monday as higher deposit costs reduced its interest income, and a turmoil in the commercial real estate (CRE) industry prompted it to set aside more rainy-day funds. Regional lenders have had to pay higher interest rates on deposits to prevent customers from fleeing to higher-yielding alternatives, such as money market funds. Buffalo, New York-based M&T Bank's net interest income - the difference between what a bank earns on loans and pays...
Profit at Wells Fargo fell as the bank reported a hefty fall in interest income reflecting the need to pay out more to attract depositors.