Credit offtake is expected to be a challenge for bankers (XLF) this year as rate hikes can dissuade borrowers from leveraging up. Retail lending is driving current credit growth due to consumer confidence and a lower unemployment rate. In the second quarter, banks can see lower credit offtake across the major sectors.
Polen Capital, an investment management company, released its “Polen Global Growth Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund increased 8.10% gross and 7.81% net, respectively, trailing the MSCI ACW Index’s 8.20% return. The market dynamics that were in place at the end […]
Introducing General Admission The Boston Beer Company debuts a first-of-its-kind non-alcoholic fruit brew, General Admission. An Exceptionally Refreshing Non-Alc Brew General Admission is available in four exceptionally refreshing flavors - Lemon-Lime, Orange Ovation, Grapefruit Groove and Raspberry Remix. BOSTON, April 19, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, makers of Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard and Dogfish Head, debuts a new first-of-its-kind non-
Luxembourg – 19 April 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, on 19 April 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows: 15 April 2024 On 15 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency
Thirty-year mortgage rates have hit above 7% with some experts believing it could hit 8% pretty soon. With US housing pricing and demand remaining high while supply remains low, it seems hopeless for many potential homebuyers. Mortgage Bankers Association Chief Economist Mike Fratantoni joins Wealth! to give insight into the housing market and why home buyers should have a little hope on the horizon as he believes mortgage rates will gradually decline. Fratantoni explains that he feels confident the Federal Reserve will cut interest rates this year, which will trickle down into the rest of the economy: "Mortgage rates, which I'll call it 7.25 [percent], in the most recent data, we think will be down to about 6.5 [percent] by the end of the year. It really is going to be reflecting a gradual slowdown in the strength of the economy and we expect the unemployment rate is going to rise not very much. We know they are calling for a recession but we do think there is going to be enough of a slowdown that the Fed should feel comfortable cutting rates by September of this year." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
NEW YORK, April 19, 2024--RMG Acquisition Corp. III (the "Company") issued a press release on April 8, 2024 (the "Prior Announcement") announcing that the Company would not consummate an initial business combination by the date required by its Fourth Amended and Restated Memorandum and Articles of Association (the "Termination Date"), and that (i) the Company intended to dissolve and liquidate, effective as of the close of business on April 22, 2024, (ii) that the Company would redeem all of the
Mexican opposition presidential candidate Xochitl Galvez on Friday said state oil firm Pemex should focus on its exploration arm and could look at new business opportunities, such as geothermal energy. "Pemex should start entering into the (broader) energy sector," Galvez said, speaking at a banking convention in Acapulco on the country's Pacific coast. Separately, Galvez said a scrapped Texcoco airport project could be used to store and process water for the capital, which is facing water shortages, and that a joint customs agency could be set up with the U.S. to tackle gun and drug trafficking.
The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday. Choueiri told Reuters that a weak yen had a net-positive impact on Japan's economic growth, and signaled the IMF's preference for the country to allow exchange rates to move flexibly.
Millionero, the ‘simple crypto exchange’ spanning Asia, Europe, and the Middle East, partners with Greek FC PAOK and steps into the Greek crypto spaceLondon, UK , April 19, 2024 (GLOBE NEWSWIRE) -- Millionero is a crypto exchange spanning Asia, Europe, and the Middle East. Since starting operations in 2022, it has received many awards, including ‘Best Start Up Exchange’ at Crypto Expo Europe 2024 hosted at Radisson Blu Hotel, Bucharest, Romania. Recently, Millionero has partnered with the PAOK (
COMMENT: Just because you lift weights and take care of your body doesn’t automatically make you a toxic male, writes comedian Robin Morgan. Just look at Joe Wicks and Bukayo Saka...
Short sellers have been raking it in over the last 30 days as receding bets of an early interest rate cut by the U.S. Federal Reserve triggered a selloff in the equity market. Traders have made a mark-to-market profit of more than $25 billion up to Thursday from covering their short positions, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, more than erasing their $14.8 billion in losses so far this year. The current weakness in the market allows them to cover a portion of those heavy losses.
CHINO, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the first quarter ended March 31, 2024. Net earnings for the first quarter of 2024, were $1.24 million, which represents an increase of $75.2 thousand or 6.4% in comparison with the same quarter last year. Net earnings per basic and diluted shar
Hedge fund manager Butler Hall Capital said on Friday it is urging Vanda Pharmaceuticals to form an independent special committee to engage with Future Pak over its takeover offer and run a full sales process. On April 17, Vanda rejected a takeover proposal from Future Pak and adopted a shareholder rights plan to reduce the likelihood of a hostile takeover. Vanda had said Future Pak, a privately held contract manufacturer and packager of pharmaceutical products, had made an offer of $7.25 to $7.75 per share in cash, which significantly undervalued the company and was not in the shareholders' best interest.
Pop star shares message with fans from Instagram as fans celebrate new album release, with many noticing several lyrical references to The 1975’s Matty Healy along with her ex-boyfriend Joe Alwyn
The central question clouding Ryan Garcia's fight with Devin Haney is whether Garcia should really be put into a professional boxing match right now?
Tehran forced to activate air defence system above Isfahan, home of sites linked to nuclear programme, as result of attack
Democrats stepped up for the Republican speaker’s foreign aid bills
HOUSTON, April 19, 2024--Bilateral Chamber, a leading organization at the forefront of global commerce, hosted His Excellency Mohammed Shyaa Sabbar Al-Sudani, Prime Minister of the Republic of Iraq and his delegation yesterday in Houston, Texas. The Iraqi Prime Minister was accompanied by Iraq’s Minister of Oil Hayyan Abdul Ghani, Iraq’s Minister of Planning Dr. Muhammad Ali Tamim, and a delegation of Iraq’s business leaders who met with their U.S. counterparts.
Nicola Sturgeon spoke to reporters outside her home just hours after her husband was charged by Police Scotland
The zoo has been given the all-clear after a bomb threat was called into the park, yet police swept the entire park and found ‘nothing’
The University of Iowa college basketball star Caitlin Clark entered the WNBA draft and was picked up as the number one overall pick by the Indiana Fever. Clark led the Iowa Hawkeyes through the March Madness tournament all the way to the finals, ultimately losing to South Carolina. Clark's rookie contract of $338,056 over the next four years further illustrates the monumental pay disparities between men's and women's professional sports. Yahoo Finance's Seana Smith joins Wealth! to compare Clark's rookie compensation package with that of her male counterparts, including the number one NBA draft pick Victor Wembanyama who will be paid a whopping $12 million for his first year in the league. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
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