By Matt Tracy and Saeed Azhar (Reuters) – Some of the largest U.S. banks singled out office commercial real estate on Friday as an area of growing concern, with property values falling and more[...]
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April 14, 2023
Weak retail sales, manufacturing output data point to slowing US economy
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the e[...]
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Walmart US merchandising chief Redfield to step down
(Reuters) – Walmart Inc U.S. chief merchandising officer Charles Redfield is stepping down after just over a year in the role, according to an internal memo seen by Reuters on Friday, at a time[...]
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Fed’s Bowman says bank failures not indictment of broader regulatory regime
(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature Bank were not an indictment of the bank regulatory landscape, al[...]
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Wells Fargo profit exceeds estimates as rising rates bolster income
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo & Co’s profit surpassed expectations for the first quarter on Friday as it earned more from higher interest rates,[...]
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UnitedHealth’s quarterly beat clouded by 2024 Medicare uncertainty
By Khushi Mandowara and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Friday topped expectations for first-quarter results but shares fell 3% after the company failed to address investor worries[...]
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European banks surge on strong Q1 results from U.S. peers
(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expec[...]
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HSBC warns France sale in jeopardy over capital concerns
By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could fail due to interest rate hikes in France that boosted the a[...]
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US business inventories rise moderately in February
WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in the first quarter. Business inventories[...]
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