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Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
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Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
UBS Stock Rallies After Bank Swings Back to Profit
Earnings remain center stage with no major economic data scheduled in coming days. Walt Disney is expected to announce its results later today.The Wall Street Journal - World -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Bank holiday weather: Will it be warm or wet?
It's been warming up this week but could rain spoil your plans for the long weekend?BBC News - Top stories -
Island's only shop saved from closure after bank returns £12k stolen in fraud
Cyber criminals stole thousands from Rathlin's Co-Op Shop, putting its future in doubt.BBC News - Top stories -
UBS shares pop 9% as Swiss bank returns to profit after Credit Suisse takeover
It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.CNBC - Business -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - Business
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Crocs’ stock falls premarket as earnings beat is offset by soft guidance for Heydude brand
Crocs acquired the Italian brand Heydude in 2022 for $2.5 billion in cash and stock, adding a line of lightweight, casual slip-on shoes for men, women and children to its line-up.MarketWatch - Business -
‘We’ve had a hell of a run’ – Stanley Druckenmiller cuts Nvidia stake
Stanley Druckenmiller told the hosts of CNBC’s “Squawk Box” Tuesday morning that his firm had cut its stake in chip giant Nvidia Corp.MarketWatch - Business -
Now is the time to invest in Chinese stocks, BTIG analyst says
Chinese stocks could soon be set to rally following a “rough start” to 2024, analysts at BTIG said.MarketWatch - Business -
Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforce
Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforceMarketWatch - Business -
Datadog’s earnings beat estimates, but the stock still skids
The observability company’s full-year forecast exceeds what analysts have been modeling.MarketWatch - Business