(Bloomberg) — The stock market headed toward its highest level in a month, adding to a rebound that’s been fueled by speculation the Federal Reserve will cut interest rates this year. Most Read from Bloomberg Equities rose as higher-than-estimated in jobless claims reinforced bets on Fed policy easing, with the market also climbing after a
By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. Traders expected the Fed to keep rates unchanged while striking a hawkish
(Bloomberg) — An escalation of tensions in the Middle East kept stock markets on edge, though haven assets including bonds and the dollar gave up some early gains after Iranian media appeared to downplay the impact of Israeli strikes. Most Read from Bloomberg Treasuries pared an early move that drove the 10-year yield as much
Citizens Financial Group, Inc. (NYSE:CFG) Q1 2024 Earnings Call Transcript April 17, 2024 Citizens Financial Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, everyone and welcome to Citizens Financial Group First Quarter Earnings Conference Call. My
(Bloomberg) — The financial world was roiled by a flare-up in geopolitical risks that sent stocks sliding — while spurring a flight to the safest corners of the market such as bonds and the dollar. Oil rose. Most Read from Bloomberg Equities saw their worst day since January after a news report that Israel was
Net Sales: Decreased by 9.2% in Q4 and 16.0% for the full year. Gross Margin: Improved by 192 basis points in Q4, despite a full-year decline of 3 basis points. Operating Income: Increased by 1.6% in Q4 but decreased by 32.3% for the full year. Net Income: Q4 net income rose to $2.9 million from
Mortgage rates on 30-year terms continue their climb back to nearly 7.0% as of Friday, March 22, 2024, in the wake of the Federal Reserve’s hold on the benchmark interest rates. The Fed concluded its most recent meeting this week by holding the federal funds target interest rate at 5.25% to 5.50%, the fifth consecutive