Category Archives:
Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) - Regions Financial's second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income...
Jul 21, 2023
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) - Russia's central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100 basis points on Friday, now envisaging gross domestic product (GDP) growth of up to 2.5%...
Jul 21, 2023
AmEx beats profit estimates as card spending rises
(Reuters) - American Express beat estimates for second-quarter profit on Friday as its affluent customer base continued to spend, undeterred by sticky inflation and rising interest rates. While rising...
Jul 21, 2023
AutoNation’s quarterly revenue beats estimates on new vehicle, services demand
(Reuters) - U.S. auto retailer AutoNation posted better-than-expected revenue in the second quarter on Friday, as demand for new vehicles and aftermarket services offset the impact from falling used-v...
Jul 21, 2023
Analysis-Tesla taps Biden tax credits to offset EV price cuts
By Hyunjoo Jin SEOUL (Reuters) - Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax c...
Jul 21, 2023
World’s biggest permafrost crater in Russia’s Far East thaws as planet warms
BATAGAI, Russia (Reuters) - Stunning drone footage has revealed details of the Batagaika crater, a one kilometre long gash in Russia's Far East that forms the world's biggest permafrost crater. In the...
Jul 21, 2023
Russian central bank surprises with sharper-than-expected rate hike to 8.5%
MOSCOW (Reuters) - Russia's central bank raised its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble added to inflation...
Jul 21, 2023
Morgan Stanley lifts 2023 US growth forecast on expectation of infrastructure investment
(Reuters) - Morgan Stanley raised U.S. economic growth forecast for the year on a strong industrial sector and more public investment in infrastructure, and expects a "comfortable" soft-landing for th...
Jul 21, 2023
JPMorgan to expand online bank Chase to Germany, EU – Handelsblatt
BERLIN (Reuters) - JPMorgan will expand its online bank Chase to Germany and other European Union countries, CEO Jamie Dimon told German newspaper Handelsblatt, a move that increases competition for E...
Jul 21, 2023
A South Peoria home is destroyed by arson. Here’s what we know
PEORIA, Ill. – Peoria Firefighters say a house caught on fire in South Peoria Thursday afternoon, and the cause appears to be arson. Firefighters say they were called to a home on Lincoln Avenue...
Jul 21, 2023
Peoria, IL, USA
51 °F Thunderstorm In Vicinity, Mist
