U.S. Bancorp Beats Earnings Estimates, but the Stock Is Falling Anyway
U.S. Bancorp reported first-quarter adjusted earnings of 90 cents a share on revenue of $6.72 billion.
Travelers Stock Drops After Earnings. Shares Are on Track for Their Worst Day in Nearly 4 Years.
The property and casualty insurer misses analysts' earnings estimates.
Dealmaking Is Looking Up as Companies Stop Waiting Out the Fed
Borrowers are getting on with things as rates are set to remain high for longer.
Hannon's Take: Dead Set on Divergence
The messaging on interest rates from the Fed and the ECB was starkly different on Tuesday.
IMF Warns Surge in U.S., China Debt Could Have 'Profound' Impact on Global Economy
The U.S. and Chinese governments should take action to lower future borrowing, as a surge in their debts threatens to have "profound" effects on the global economy, the International Monetary Fund said.
Nelson Peltz Got Crushed by Disney. Can He Recover?
After his Trian Partners lost its proxy fight, a big bet on Unilever comes into focus.
Financial Services Roundup: Market Talk
Gain insight on Brooks Macdonald, Ibotta, Plus500 and more in the latest Market Talks covering Financial Services.
Investment Banking Bounceback Powers Big U.S. Lenders
Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity.
Fed Chair Jerome Powell Dials Back Expectations on Interest-Rate Cuts
Federal Reserve Chair Jerome Powell said firm inflation had introduced new uncertainty over whether the central bank would be able to lower rates this year.
SK Networks to Sell Car Rental Business as Focus Shifts to AI
SK Networks plans to sell its car rental business to an Asian private-equity firm, a move that would help the South Korean company pare its debt and focus on growing its artificial-intelligence business.
(END) Dow Jones Newswires
04-17-24 1615ET
