Latest Financial services News
James Simons, mathematician, philanthropist and hedge fund founder, has died
James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation's biggest philanthropists, has died at age 86. The charitable foundation that Simons co-founded with his wife, Marilyn, announced that Simons...
Seritage Growth Properties: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Friday reported a loss of $19 million in its first quarter. The New York-based company said it had a loss of 36 cents per share. The real estate investment trust posted revenue of $5.8 million in...
Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
LOS ANGELES (AP) — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators. The home improvement spree got particularly heated early in the pandemic,...
Stock market today: Asian shares are mixed after Wall St rally takes S&P 500 near record
TOKYO (AP) — Stocks in Asia were mixed Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks fell in Tokyo, Sydney and Seoul but rose in China, where investors were focused on the release of April inflation figures. ...
Lument: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Lument Finance Trust, Inc. (LFT) on Thursday reported net income of $7 million in its first quarter. The New York-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share. ...
White Mountains: Q1 Earnings Snapshot
HANOVER, N.H. (AP) — HANOVER, N.H. (AP) — White Mountains Insurance Group Ltd. (WTM) on Thursday reported net income of $236.4 million in its first quarter. The Hanover, New Hampshire-based company said it had profit of $92.33 per share. Earnings, adjusted for investment gains,...
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target. In a statement Thursday, the bank’s nine-member...
Medical Properties: Q1 Earnings Snapshot
BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPW) on Thursday reported a key measure of profitability in its first quarter. The results did not meet Wall Street expectations. The real estate investment trust, based in Birmingham, Alabama, said it...
Sotherly Hotels: Q1 Earnings Snapshot
WILLIAMSBURG, Va. (AP) — WILLIAMSBURG, Va. (AP) — Sotherly Hotels Inc. (SOHO) on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Williamsburg, Virginia, said it had funds from operations of $4 million, or 20 cents...
Armada Hoffler Properties: Q1 Earnings Snapshot
VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Armada Hoffler Properties Inc. (AHH) on Thursday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations. The real estate investment trust, based in Virginia Beach, Virginia,...
