The country’s largest banks are making profits as interest rates remain high, even though lenders have had to set aside billions of dollars to replenish a deposit insurance fund severely depleted by a crisis among mid-sized banks last spring. Fourth-quarter…
Sharp decline in soybeans for reporting dayBar chart Corn and wheat close in red Thursday, January 11, 2023Successful cultivation Soybeans head for fourth weekly loss as supply outlook improvesBusiness Registrar Soybean company arrives on ThursdayBar chart Regular updates on grain…
Bitcoin (BTC) fell to nearly $43,000 on Friday, down 6% in intraday trading, while some bitcoin mining stocks fell more than 10% to extend yesterday’s decline after the long-awaited spot Bitcoin ETF debuted on Thursday. The largest cryptocurrency by market…
Comment on this storycomment Add to your saved stories Memorizes This is so “Every cent counts” is what applies to the French term – but not when the European Commission disagrees, as the Paris Mint discovered in a recent blunder.…
Comment on this storycomment Add to your saved stories Memorizes The IRS, underfunded for years, He was stuck in an endless loop of whack-a-mole. In this arcade game, players must hit plastic moles that randomly pop up from their hiding…
Elsewhere, rising oil prices and energy stocks became the focus of investor attention, after the US-led coalition launched strikes on Houthi rebel targets in Yemen. Brent crude futures rose to about $80 per barrel. The S&P 500 is close to…
Wells Fargo’s earnings are over. The San Francisco bank earned $3.45 billion, up 9% from $3.16 billion in the same quarter a year earlier. That comes out to 86 cents per share, which is in line with estimates from analysts…
Shares of major healthcare company UnitedHealth Group (New York Stock Exchange: United Nations) fell in the early session today despite the company reporting better-than-expected results for the fourth quarter. Revenue rose 14% year over year to $94.4 billion. This number…
US Senator Elizabeth Warren (D-Mass.) criticized the SEC’s approval on multiple points. Bitcoin ETFs. in Posted on TwitterWarren said the regulator was “wrong on the law and wrong on the policy” regarding the decision to approve spot bitcoin ETFs from…
American dollar The Fed left interest rates unchanged as expected at the last meeting with a shift in statement signaling the end of the tightening cycle. The Summary of Economic Outlook showed a downward revision to growth and core personal…