Barclays’ investment bank stuttered in the first quarter, failing to follow rivals’ sharp dealmaking gains as revenue from fixed income trading tumbled by 21%. The UK lender, which has been looking to reduce reliance on its investment bank under a strategic shift unveiled in February, brought in revenue of £3.3bn for the unit, which was
SALT LAKE CITY — It’s a difficult time for Utah homebuyers as high mortgage rates are keeping some of them on the sidelines. Mortgage rates sat at nearly 7.4% nationally as of Wednesday afternoon, according to Mortgage News Daily. That’s a difference of hundreds of dollars in monthly payments on a typical Utah home compared
Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit. Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael Lasser said showed that investors interpret Amazon’s announcement as a sign of greater competition, Seeking Alpha reported Wednesday (April 24). The new Amazon program offers a delivery
Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App. The rollout of this new Bitcoin Conversions feature began Wednesday (April 24), Block said in an email to PYMNTS. “Block believes that bitcoin is an instrument of economic
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in a Wednesday (April 24) press release. “Odessa’s deep asset finance experience enables the company to offer state-of-the-art auto origination technology on Day 1,” Robert Johnson, executive vice
GEORGETOWN, S.C. (WMBF) – State officails say a Georgetown-area marina recently received federal funding for improvements. The South Carolina Department of Natural Resources said the Heritage Plantation Marina will get $736,336 to improve its dock space as part of the Boating Infrastructure Grant (BIG) program. “Using money from excise taxes on fishing equipment, motorboat and
RedAwning, which offers marketing, revenue management and guest experience tools for more than 20,000 short-term rental properties, independent hotels and inns, has acquired Awning, a startup offering a complementary solution. Financial terms of the deal are not being released, but a RedAwning spokesperson said it has hired more than 50 Awning employees. Awning’s founders will
State and federal agriculture officials made a stop in Erie County Tuesday to stress the importance of farming while hearing concerns from local growers. A roundtable discussion highlighted the efforts of the USDA to create additional income opportunities for producers and entrepreneurs. USDA announces over 700 clean energy projects during Earth Day visit to Erie
After the Supreme Court blocked President Joe Biden’s first plan to forgive student debt, his administration set out to create a relief package that would survive legal attacks. Here’s why the U.S. Department of Education thinks the revised plan will endure. After the Supreme Court blocked President Joe Biden’s first plan to forgive student debt
LOUISVILLE, Ky. — Beginning June 1, Louisville’s Department of Codes and Regulations will begin preemptively inspecting some of the city’s rental properties in search of possible violations. What You Need To Know New requirements for Louisville landlords are coming Beginning June 1, the city will begin inspecting rental properties at random Landlords will also need to