Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs

[ad_1] NEW YORK — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts’ estimates. The Charlotte, North Carolina-based bank posted a profit of $6.67 billion, or 76 cents per share, compared with $8.2 billion, or … Read more

Stock market today: Asian stocks track Wall Street’s decline as Middle East tensions escalate

[ad_1] HONG KONG — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money. U.S. futures rose and oil prices fell despite tensions roiling the Middle East where an attack late Saturday marked the first time … Read more

Stock market today: Wall Street sinks after a mixed start to earnings reporting season as oil jumps

[ad_1] NEW YORK — U.S. stocks are sinking Friday after a mixed start to earnings reporting season. Worries about tensions in the Middle East are also sending prices for oil and gold higher, while Treasury yields fall as investors look for safer places for their money The S&P 500 was 0.9% lower in morning trading … Read more

Under Armour, Lennar fall; Dick’s Sporting Goods, Robinhood Markets rise, Thursday, 3/14/2024

[ad_1] Stocks that traded heavily or had substantial price changes on Thursday: Under Armour, Lennar fall; Dick’s Sporting Goods, Robinhood Markets rise NEW YORK — Stocks that traded heavily or had substantial price changes on Thursday: Anheuser-Busch Inbev SA (BUD), down $3.47 to $61.08. Altria Group Inc. plans to trim its stake in the brewer … Read more

Stock market today: Wall Street quiet after breaking more records; another bank reports trouble

[ad_1] Markets on Wall Street were quietly mixed early Friday after wrapping up their fourth straight winning month and hitting record highs the day before. Futures for the S&P 500 were essentially flat but moving higher before the bell, while futures for the Dow Jones Industrial Average dropped less than 0.1%. With no economic data … Read more

Stock market today: Global shares mostly decline, while Tokyo again finishes at a record high

[ad_1] TOKYO — Global shares mostly declined Monday, although Tokyo’s benchmark Nikkei 225 index reached another record high. France’s CAC 40 slipped 0.4% in early trading to 7,935.33. Germany’s DAX edged 0.1% higher to 17,428.37. Britain’s FTSE 100 declined 0.2% to 7,691.62. The futures for the S&P 500 and the Dow Jones Industrial Average were … Read more

Carmaker Stellantis’ second-half profits hit by North American strikes

[ad_1] Carmaker Stellantis on Thursday reported an 13% decrease in net profits in the second half of 2023 due to the impact of strikes in North America, its profit center, as it heads into a year it expects to be “turbulent.” MILAN — Carmaker Stellantis on Thursday reported an 13% decrease in net profits in … Read more