Banks Revive Risky Loans and Mortgages Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
Bank of America profits jump after cost cutting Bank of America has reported a sharp rise in profits after it shed costs and set aside less money for bad loans. The bank reported first quarter net income of $2.3bn (£1.5bn), after making $328m in the same quarter a year ago. More
Arm’s annual guidance fails to impress, stoking fears that some AI stocks may be overpriced The cautious guidance sent Arm’s stock into a tailspin, and it was down more than 9% in the hours after the report. Analysts say investors are worried about the pace of the build-out in AI computing, ... 05/8/2024 - 1:12 pm | View Link
Chevrolet Corvette E-Ray will pace the field before this year's Indy 500 “As we anticipate another record-breaking Indianapolis ... production Corvette will pace the field,” IMS President J. Douglas Boles said. “The performance enhancements tested on the track make their ... 05/8/2024 - 6:33 am | View Link
2024 Chevy Corvette E-Ray named pace car for 108th Indy 500 “As we anticipate another record-breaking Indianapolis ... production Corvette will pace the field,” IMS president Doug Boles said in a release. “The performance enhancements tested on the track make ... 05/8/2024 - 5:59 am | View Link
Wall Street Breakfast: As It May This article discusses the “Sell in May and go away” strategy, the Fed’s policy decision, weight-loss drugs boosting Novo Nordisk’s outlook, and expected FTC nod for Exxon-Pioneer deal. 05/2/2024 - 12:10 am | View Link
Should You Buy the Cheapest Trillion-Dollar Stock Hand Over Fist? Wall Street Says Yes According to The Wall Street Journal, the overwhelming majority of Wall Street analysts give Meta stock the highest-possible buy rating. Considering it's now the cheapest name in the trillion-dollar ... 05/1/2024 - 10:26 pm | View Link
From the Philadelphia Business Journal.
In the more than two decades since she opened Malena’s Vintage Boutique in West Chester, Pennsylvania as a recent college graduate, Malena Martinez has gone from living in her parents’ house to visiting the White House.
She traveled to Washington, D. C., in March as part of eBay’s Small Business Ambassador Network program, coming away with the realization that small businesses across the country are seeking support for many of the same issues she's…
From the Charlotte Business Journal.
U. S. Bancorp's Kimberly Edwards didn't know she would be working with small-business owners long-term when she started a banking career two decades ago, but it developed into a lifelong passion.
She began working with underserved communities and businesses while in college. Edwards was then given the opportunity to work at one of the top national community development financial institutions headquartered in Durham.
Good morning readers. It's Thursday.
We'll begin today with a cool restaurant story. La Cuchara, Hampden's Basque restaurant, has been recognized by an office within the Spanish Ministry of Industry for its cuisine. The restaurant is now officially part of the agency's Restaurants from Spain program, which notes the quality and authenticity of Spanish cuisine around the globe.
In an Instagram post, La Cuchara said it was "honored" for the award and that there are fewer than 80 American restaurants…