Latest Financial services News
Turkey's central bank lowers benchmark interest rate to 45%
ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 45% on Thursday, in its second rate cut in as many months as official figures showed inflation was easing. The bank’s Monetary Policy Committee said it was reducing its...
Stock market today: Netflix and AI excitement send Wall Street to the brink of an all-time high
NEW YORK (AP) — Netflix, Oracle and other big technology stocks lifted Wall Street Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.6% and came close to its all-time closing high set...
SL Green: Q4 Earnings Snapshot
NEWYORK, N.Y. (AP) — NEWYORK, N.Y. (AP) — SL Green Realty Corp. (SLG) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations. The Newyork, New York-based real estate investment trust said it had funds from...
Bank First Corporation: Q4 Earnings Snapshot
MANITOWOC, Wis. (AP) — MANITOWOC, Wis. (AP) — Bank First Corporation (BFC) on Tuesday reported fourth-quarter earnings of $17.5 million. The bank, based in Manitowoc, Wisconsin, said it had earnings of $1.75 per share. Earnings, adjusted for non-recurring gains, were $1.74 per...
Prologis: Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Prologis Inc. (PLD) on Tuesday reported a key measure of profitability in its fourth quarter. The results exceeded Wall Street expectations. The San Francisco-based real estate investment trust said it had funds from operations of $1.44...
Trump's inauguration will usher in a crypto-friendly administration, and with it, new state policies
HARRISBURG, Pa. (AP) — The bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses could push states to become more open to crypto and lead public pension funds and treasuries to buy into it. Proponents of the uniquely...
Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case
NEW YORK (AP) — Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial crisis in the struggling African nation. Manuel Chang, 69, was...
Stock market today: Wall Street finishes its best week since Trump's election with a rally
NEW YORK (AP) — U.S. stock indexes closed their best week in two months with a flourish on Friday. The S&P 500 climbed 1% to clinch its first winning week in the last three. The Dow Jones Industrial Average rose 334 points, or 0.8%, and the Nasdaq composite rallied 1.5%. ...
Federal Reserve says it will leave climate change organization
WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how regulation of the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress. In a short...
Bank OZK: Q4 Earnings Snapshot
LITTLE ROCK, Ark. (AP) — LITTLE ROCK, Ark. (AP) — Bank OZK (OZK) on Thursday reported fourth-quarter earnings of $182.2 million. The Little Rock, Arkansas-based bank said it had earnings of $1.56 per share. The results exceeded Wall Street expectations. The average...
