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

Google removes links to California news sites for some users

[ad_1] SACRAMENTO, Calif. — Google on Friday began removing California news websites from some people’s search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google announced the move in a blog post on Friday, calling … Read more

Faced with possibly paying for news, Google removes links to California news sites for some users

[ad_1] SACRAMENTO, Calif. — Google on Friday began removing California news websites from some people’s search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google announced the move in a blog post on Friday, calling … 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

When are those rate cuts coming, already? The European Central Bank may be providing some hints

[ad_1] FRANKFURT, Germany — The European Central Bank will likely use its Thursday meeting as a prelude to a first interest rate cut in June as the rich world’s central banks, including the ECB and the U.S. Federal Reserve, assess how soon receding inflation will let them loosen credit for businesses and consumers. It’s a … Read more

Stock market today: Wall Street ticks higher as bond yields ease ahead of inflation report

[ad_1] NEW YORK — U.S. stock indexes are ticking a bit higher Tuesday, on track for another quiet day ahead of some potential fireworks later in the week. The S&P 500 was up 0.3% in early trading, a day after remaining at a virtual standstill. The Dow Jones Industrial Average was up 67 points, or … Read more

Stock market today: Asian shares mostly rise cheered by Wall Street finish

[ad_1] TOKYO — Asian shares mostly rose Thursday after a firm finish on Wall Street, as expectations remained solid for U.S. interest rate cuts this year. Japan’s benchmark Nikkei 225 rose 0.8% to 39,773.14. Sydney’s S&P/ASX 200 rose 0.5% to 7,817.30. South Korea’s Kospi added 1.3% to 2,742.00. Analysts say Taiwan Semiconductor Manufacturing Co’s (TSMC) … Read more

Stock market today: Wall Street sinks on rate worries as health care stocks and Tesla tumble

[ad_1] NEW YORK — U.S. stocks sank Tuesday as Wall Street hit the brakes on what’s been a nearly unstoppable romp. The S&P 500 fell 37.96 points, or 0.7% to 5,205.81 for its worst day in four weeks. It was its second straight drop after setting an all-time high to close last week. Other indexes … Read more

Japan’s central bank survey finds less optimistic manufacturers, but happier service sector

[ad_1] TOKYO — A key Japanese central bank report said Monday that sentiment among big manufacturers has sagged but that optimism is at a three-decade high among large business outside the manufacturing sector. The Bank of Japan’s “tankan” report said sentiment among large manufacturers, which include auto and electronics giants, declined in March for the … Read more

Stock market today: Asian shares trade mixed after Wall Street closes near record finish

[ad_1] TOKYO — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates. Japan’s Nikkei 225 shed 0.7% to 40,619.40, as investors sold shares to lock in profits after the benchmark recently hit record highs. Hong Kong’s Hang Seng climbed 0.5% to 16,584.22, while the … Read more