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Rebound in Rates Puts Pressure on Banks
U.S. banks are poised for a rebound in unrealized losses on their bond and loan portfolios, after a surge in market interest rates. Source link
EV Sales Growth in First Half Slowed From Torrid Pace
Rising inventory on dealership lots will offer test of future demand for electric vehicles. Source link
The AI Boom Isn't Breaking the Memory-Chip Slump—Yet
Samsung Electronics forecast a 96% drop in its operating profit for its second quarter—a sign that even the world’s largest maker of memory chips isn’t
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Source link
Lockheed Martin Wrestles With Supply-Chain Issues to Arm Ukraine
Sales of the defense company’s long-range missiles known as the Guided Multiple Launch Rocket System fell in the latest quarter from a year ago. Source
Star Entertainment announces 500 job cuts, trims earnings view as conditions worsen By Reuters
© Reuters. FILE PHOTO: Visitors to Sydney’s Star Casino play electronic slot machines, February 15, 2016. REUTERS/Jason Reed (Reuters) -Australia’s Star Entertainment Group Ltd on
Track How U.S. Banks Are Faring in First-Quarter Earnings
In March, banks experienced one of their worst months this century. The collapse of Silicon Valley Bank and Signature Bank sparked widespread fears about potential deposit runs and declining
Johnson & Johnson Posts Higher Quarterly Sales, Raises 2023 Outlook
First-quarter earnings were largely wiped out by a $6.9 billion charge tied to litigation and other costs from its Covid-19 vaccine commitments. Source link
Amazon's Slowdown Has Yet to Pinch Its Landlord
Warehouse giant Prologis said rents continued to rise in the first quarter, as U.S. consumers keep spending money online. Source link
Goldman Sachs Reports Lower Profit
Results were hurt by a slowdown in deal making and a sizable loss on the sale of part of its Marcus personal loan portfolio. Source