Earnings Watch: Bank stocks whipsawed last week but bank profit estimates barely budged
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Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
Nissan Motor cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than previously expected due to heightened competition.The Wall Street Journal - World -
American Express says cardholders are buying lots of ‘front of cabin’ plane tickets, as total spending grows 7%
American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.MarketWatch - Business -
Schlumberger posts profit gain for first quarter as revenue tops estimates
International revenue for the oil-services company rose 18% to offset softness in North America, Schlumberger’s CEO said.MarketWatch - Business -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Politics -
Nissan cut its net profit estimate for the fiscal year, missing analysts' expectations, as it sold fewer cars than expected.
Nissan cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than expected.The Wall Street Journal - World -
Cramer’s week ahead: Earnings from Tesla, Merck and Big Tech
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.CNBC - Business -
Children of reality TV's Chrisleys hope court hearing is step toward bringing convicted parents home
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
Kenya’s ‘blood desert’: can walking donor banks and drones help more patients survive?
The national blood deficit is most pressing in places like Turkana, where malaria, anaemia and violence make heavy demands on transfusion services – and doctors are pinning their hopes on innovation. In his small cubicle in Lodwar County referral ...The Guardian - World -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
Tesla reports earnings next week — can you as an investor expect anything good?
Also: Netflix’s good numbers and a reporting change, buying a home off-market, and retirement investing strategies.MarketWatch - Business - Tesla -
The Score: Tesla, United Airlines, Netflix and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.The Wall Street Journal - World - Netflix -
Nvidia dragged to worst day since March 2020 after Super Micro plunge
Super Micro Computer shares plunged on Friday as investors peeled back their holdings of one of the stock market's hottest names.CNBC - Business -
2-year Treasury yield ends with largest four-week advance since last June
Rates on U.S. government debt finished slightly lower on Friday after Israel’s limited retaliation against Iran led to a modest flight-to-safety trade, yet yields still advanced for the third or fourth week in a row.MarketWatch - Business -
Self-made millionaire who retired at 35 shares his No. 1 money regret: I was doing the 'bare minimum'
Everything worked out for Steve Adcock, but he still wishes he has invested a larger portion of his income at an earlier age.CNBC - Business -
Heat earn playoff rematch with C's 'the hard way'
Tyler Herro was an assist shy of a triple-double and the Heat earned the last spot in the Eastern Conference playoffs, running away from the Bulls 112-91 in a play-in tournament elimination game.ESPN - Sports -
Fragrance and a Watch Strap
Move your wrist, and scent suddenly surrounds you. Vacheron Constantin and a Paris couturier have created a strap embedded with microcapsules of perfume.The New York Times - Lifestyle -
AP Week in Pictures: Asia
April 12-18, 2024 Shoppers are terrified after a lone assailant started stabbing people at a shopping mall in Sydney; people appreciate spring flowers like cherry and azalea blossoms in Tokyo; a King Sejong statue receives a spring cleaning in ...ABC News - World -
Week Ahead for FX, Bonds
While the latest developments out of the Middle East ratchet up uncertainty across markets, investors will continue to scrutinize economic data, with focus on the U.S.The Wall Street Journal - World -
Tesla earnings day is around the corner. So far, robotaxis are ‘just a buzzword.’
Tesla is heading toward its earnings day next week, and there’s plenty for investors to worry about.MarketWatch - Business -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Dick Van Dyke earns historic Daytime Emmy nomination at age 98
Dick Van Dyke is vying for a historic Daytime Emmy at age 98ABC News - Top stories -
A troubling trend is brewing this earnings season. Here is Jim Cramer's remedy
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Cinemark poised to reap the benefits of a better box office, says Wedbush, raising price target and estimates
Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.MarketWatch - Business -
Slash tax on profits from Russia’s frozen assets, US urges allies
Maximise every euro from immobilised reserves to aid Ukraine, says Biden adviser Daleep SinghFinancial Times - Business - Russia -
Getting Ready for Watches and Wonders Geneva
What do you pack? How many watches do you bring? Everyone from first-time invitees to veterans agree that this trade show requires planning.The New York Times - Lifestyle -
WATCH: Dubai hit with severe flooding
Dubai was hit with severe flooding on Tuesday after two years' worth of rain fell in just 24 hours, records show.ABC News - Top stories -
AP Week in Pictures: Europe and Africa
April 12-18, 2024 Performers take part in the official flame lighting ceremony in Athens in preparation for the Paris Olympics. A local resident swims in floodwater in Orenburg, Russia, after a dam on the Ural River burst. The northern lights ...ABC News - World -
This week on "Sunday Morning" (April 21)
A look at the features for this week's broadcast of the 2023 News & Documentary Emmy-winner for Outstanding Recorded News Program, hosted by Jane Pauley.CBS News - Top stories -
16 Books We Read This Week
Harry Truman’s moment, Ingmar Bergman’s inner vision, the pirate who became a spy and more.The Wall Street Journal - World -
The 51 Best Movies on Netflix This Week
From Spaceman to Suzume, here are our picks for the best streaming titles to feast your eyes on.Wired - Tech - Netflix -
Prison Architect 2 Gets Last Minute Delay To September
The jail simulator game, Prison Architect 2, has been delayed once again. It was initially due out in March, then delayed to May. Now, it's coming out on September 3.. Despite being less than a month away from release, publisher Paradox ...GameSpot - Tech -
The US attempts a new military deal with Niger in a last ditch effort to stay
Two Western officials have told The Associated Press that the United States is trying to create a new military agreement with Niger that would allow it to remain in the country, weeks after the junta said its presence was no longer justifiedABC News - World