Category: Latest News

June’s cooler U.S. inflation data has eased immediate pressure on the Federal Reserve to raise interest rates, but renewed geopolitical tensions in the Middle East are clouding the outlook for inflation and monetary policy. While recent consumer price data pointed to moderating price pressures, Federal Reserve officials continue to warn that inflation risks remain elevated,…

Growing Concentration Raises Portfolio Risks Goldman Sachs has urged investors to prepare for a more uncertain market environment, warning that years of exceptional performance have left many portfolios increasingly concentrated in U.S. equities and large technology companies. In a note to clients, the bank highlighted five portfolio strategies designed to help investors remain invested while…

Latest Labor and Commerce Department data reveals an unexpected jump in US import prices and a massive 19% surge in June housing starts. Import prices in the U.S. unexpectedly saw further upside in the month of June, according to a report released by the Labor Department on Friday. The Labor Department said import prices rose…

The International Energy Agency (IEA) has warned that the full implementation of China’s rare earth export restrictions could place approximately $6.5 trillion of industrial production outside China at risk, highlighting the vulnerability of global supply chains for critical minerals. China remains the world’s largest producer of rare earth elements and has continued to tighten oversight…

Fifth Third Bancorp (NYSE:FITB) reported second-quarter earnings on Friday that came in just below Wall Street expectations, although investors welcomed strong revenue growth, improving credit metrics and continued business momentum. The bank’s shares gained 1.58% in pre-market trading following the results. Diluted earnings per share for the quarter ended June 30 were $0.83, narrowly missing…

South Plains Financial, Inc. (NASDAQ:SPFI) reported second-quarter results on Friday that came in ahead of Wall Street expectations, supported by stronger revenue growth and contributions from its recent acquisition. The company’s shares were unchanged in after-hours trading following the earnings release. Adjusted earnings were $0.96 per share, slightly above the analyst consensus estimate of $0.95.…

WaFd, Inc. (NASDAQ:WAFD) reported fiscal third-quarter results on Friday, delivering revenue above Wall Street forecasts while earnings per share came in just below analyst expectations. The bank’s shares were little changed in pre-market trading following the announcement. Adjusted earnings were $0.81 per share, narrowly missing the consensus estimate of $0.82. Revenue totaled $205.52 million, exceeding…

Autoliv Inc. (NYSE:ALV) reported second-quarter results that fell short of profit expectations even as revenue exceeded Wall Street forecasts, with restructuring-related costs weighing on overall earnings. The automotive safety supplier posted adjusted earnings of $2.43 per share, below analysts’ consensus estimate of $2.46. Revenue rose to $2.8 billion, ahead of the expected $2.77 billion and…

Cohen & Steers, Inc. (NYSE:CNS) reported second-quarter results on Friday that came in ahead of Wall Street expectations, supported by strong client inflows and continued growth in assets under management. The company’s shares rose 0.10% in pre-market trading following the earnings release. Adjusted earnings were $0.85 per share, outperforming the analyst consensus forecast of $0.83.…