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US Bank Profits Squeezed by Lower Rates and Rising Loan Defaults

The US banking industry, once flush with profits thanks to rising interest rates, is now facing a period of financial strain. Two key factors...

Coca-Cola Fizzes with Higher Sales Forecast on Strong Demand and Pricing Power

Coca-Cola, the world's largest beverage company, is optimistic about the year ahead. On Tuesday, April 30th, 2024, the company announced an upward revision to...

Wall Street Giants Eye Bitcoin Boom: Chase & Goldman Sachs Enter Spot ETF Talks

In the United States, spot bitcoin exchange-traded funds have yet to be approved, but analysts expect approvals to come sooner rather than later. One...

Food makers eye new opportunities from anti-obesity drugs

Investors say that a growing wave of appetite-suppressing anti-obesity drugs could be a boost for food manufacturers, and the market’s initially downbeat reaction may...

Jim Ratcliffe Offers $1.5 Billion for Manchester United Stake

Britain’s richest man, Jim Ratcliffe, would pay more than $1.5 billion for a 25% stake in Manchester United Plc (MANU.N) if his bid for...

What Does STC Group’s Investment in Telefonica Mean for the Telecom Industry?

Saudi Arabia's STC Group (7010. SE) has amassed a 9.9% stake in Telefonica (TEF.MC), worth 2.1 billion euros ($2.25 billion), in a move to...

China’s Currency Policy in Focus as State Banks Sell Dollars

China's central state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week,...

RV Sales Slump, But Industry Still Poised for Growth

The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s 103 RV dealerships. He said retail...

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