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Here are Wednesday's biggest calls on Wall Street: Barclays reiterates Tesla as equal weight Barclays lowered its price target on Tesla to $180 per share from $225 and said it sees a negative catalyst heading into earnings. Wells Fargo reiterates Microsoft as overweight Wells raised its price target on the stock to $480 per share from $460. Barclays reiterates Broadcom as overweight Barclays raised its price target on Broadcom to $1,500 per share from $1,405. Wells Fargo reiterates Goldman Sachs as overweight Wells said it gives a "gold star" to Goldman coming out of earnings. Truist reiterates Amazon as buy Truist raised its price target on the stock to $216 per share from $195.
Persons: Tesla, Mizuho, RCL, Hancock Whitney, Raymond James, it's, Vernova, Wells, AAPL, TD Cowen, Jefferies, Morgan Stanley, NVDA, Goldman Sachs, Goldman, Maxim, Truist Organizations: Street, Barclays, Royal Caribbean, Citi, GE, HSBC, Biotech, Apple, Microsoft, Broadcom, Education, Strategic Education, Guggenheim, Automotive, Netflix Locations: China, Gulf
ASML earnings drag semiconductor stocks lower
  + stars: | 2024-04-17 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had expected. During trading on Wednesday, AMD's stock fell over 4%, Nvidia shares fell about 3%, Intel shares fell nearly 2% and Qualcomm was off 2%. But the biggest drop affected chip technology firm Arm , which was trading nearly 10% lower on Wednesday. ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%. ASML also said that it expected that government subsidies for chip factories, such as the CHIPS Act in the U.S., would boost its sales.
Persons: Carl Zeiss ZMT, ASML, Peter Wennink, Wennink, Christophe Fouquet Organizations: Nvidia, Intel, Qualcomm, Samsung, Apple Locations: Taiwan, South Korea, U.S, China
Image A Palestinian man inspecting damage on Saturday after Israeli settlers attacked the village of Al Mughayir, in the Israeli-occupied West Bank. Credit... Mohamad Torokman/ReutersAn Israeli teenager whose disappearance had led to riots by Israeli settlers in the West Bank was found dead on Saturday, the Israeli authorities said, threatening to further inflame tensions in the Israeli-occupied territory. Israeli settlers, some of them armed, entered the villages, the official added, and there were reports that they had opened fire. The Israeli police and soldiers had also removed Israeli settlers who had entered Al Mughayir, the military said. Last February, an attack by Israeli settlers devastated the Palestinian town of Huwara in the northern West Bank.
Persons: Al Mughayir, Mohamad Torokman, Binyamin Achimair, Yesh Din, Abu Aliya —, Amin Abu Aliya, Binyamin’s, , , Na’asan Na’asan, Biden, Binyamin, Abu Aliya, Benjamin Netanyahu, Israel, Yair Lapid, Na’asan Organizations: West Bank . Credit, Reuters, West Bank, United Nations, Duma Locations: Al, Palestinian, Ramallah, torching, East Jerusalem, Gaza, Al Mughayir, Israel, Huwara, West Bank
A Palestinian man inspecting damage on Saturday after Israeli settlers attacked the village of Al Mughayir, in the Israeli-occupied West Bank. The Israeli military announced on Saturday that it would bolster its forces in the West Bank with additional companies and police. Israeli settlers, some of them armed, entered the villages, the official added, and there were reports that they had opened fire. At one point, “rocks were hurled” at Israeli soldiers, leading them to open fire in response, the Israeli military said. Last February, an attack by Israeli settlers devastated the Palestinian town of Huwara in the northern West Bank.
Persons: Al Mughayir, Binyamin Achimair, Yesh Din, Abu Aliya —, Amin Abu Aliya, Binyamin’s, Naser Dawabsheh, , , Na’asan Na’asan, Shaul Golan, Golan, Biden, Binyamin, Abu Aliya, Benjamin Netanyahu, Israel, Yair Lapid, ” Mr, Na’asan Organizations: West Bank ., West Bank, United Nations, Duma Locations: Al, Palestinian, Ramallah, torching, East Jerusalem, Gaza, Al Mughayir, , Israel, Huwara, West Bank
A Palestinian man inspecting damage on Saturday after Israeli settlers attacked the village of Al Mughayir, in the Israeli-occupied West Bank. The Israeli military announced on Saturday that it would bolster its forces in the West Bank with additional companies and police. Israeli settlers, some of them armed, entered the villages, the official added, and there were reports that they had opened fire. At one point, “rocks were hurled” at Israeli soldiers, leading them to open fire in response, the Israeli military said. Last February, an attack by Israeli settlers devastated the Palestinian town of Huwara in the northern West Bank.
Persons: Al Mughayir, Binyamin Achimair, Yesh Din, Abu Aliya —, Amin Abu Aliya, Binyamin’s, Naser Dawabsheh, , , Na’asan Na’asan, Shaul Golan, Golan, Biden, Binyamin, Abu Aliya, Benjamin Netanyahu, Israel, Yair Lapid, ” Mr, Na’asan Organizations: West Bank ., West Bank, United Nations, Duma Locations: Al, Palestinian, Ramallah, torching, East Jerusalem, Gaza, Al Mughayir, , Israel, Huwara, West Bank
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. The opposition Democratic Party (DP), which already dominates the 300-member legislature, has accused Yoon and his conservative People Power Party (PPP) of mismanaging the economy and failing to rein in inflation during their time in office. PPP leader Han Dong-hoon said a big win by the DP, whose leader is facing corruption charges, would create a crisis for the country. He warned against giving the opposition an unprecedented super majority of 200 seats, which would strip Yoon of his veto power. "I hope the two-party structure will be broken somehow, and politicians will carry out practical policies for ordinary people."
Persons: Yoon Suk Yeol, Yoon, Han Dong, hoon, Kim Ji, yun, Jung Cheol, Cho Kuk Organizations: South, Election, Democratic Party, People Power Party, DP Locations: Seoul
UBS trimmed its price target on Tesla to $165 from $225, implying shares will hover around current levels for the foreseeable future. Nvidia shares have rallied more than 83% this year, building on 2024's nearly 239% gain as investors continue to bet on artificial intelligence. The firm holds an overweight rating on the stock, with its $820 price target implying about 11% downside from Wednesday's close. — Samantha Subin 5:38 a.m.: UBS trims Tesla price target, cites downside risks to deliveries UBS cut its price target on Tesla to $165 from $225 a share, citing slower electric vehicle demand in the U.S. and Europe, coupled with competition concerns in China. He also raised his price target to $68 from $55, which implies upside of 18% from Tuesday's close.
Persons: Goldman Sachs, Christopher Danely, Danely, — Samantha Subin, Joseph Spak, Spak, Wells, outperformance, Richard Ramsden, Ramsden, 2026E, Fred Imbert Organizations: CNBC, UBS, Citigroup, Citi, Nvidia, Devices, Broadcom, AMD, Micron Technology, Micron, NA Locations: U.S, Europe, China, Tuesday's
I've visited all 50 states and have seen some incredible natural wonders and powerful monuments. Hawaii's Na Pali Coast and Alaska's Inside Passage showcase America's stunning natural diversity. AdvertisementI've visited all 50 states in my career as a travel writer, and truly believe each has something unique to offer visitors. There are certain attractions that stand out, however, as particularly breathtaking, or symbolic of America's history and natural diversity. From the dunes of Michigan to the swamps of Florida, here are the 10 best tourist attractions in the US.
Persons: I've, Organizations: Liberty, Service Locations: Pali, Michigan, Florida
Brit Awards 2024: See who won
  + stars: | 2024-03-01 | by ( Dan Heching | ) edition.cnn.com   time to read: +4 min
English singer-songwriter RAYE leads the contenders and has the most nominations ever at the Brits, with seven. RAYE also already won the songwriter of the year award ahead of the ceremony. In the best new artist category, RAYE is joined by Mahalia, Olivia Dean, PinkPantheress and Yussef Dayes. Frank Hoensch/Redferns/Getty ImagesThe Brit Awards event, taking place at the O2 Arena in London, is being hosted by Maya Jama, Roman Kemp and Clara Amfo. Announced performers set to take the stage include Dua Lipa, Kylie Minogue, RAYE, Tate McRae, Jungle and more.
Persons: RAYE, Blues ”, Arlo Parks, Jessie Ware, Little Simz, Olivia Dean, PinkPantheress, Dayes, Rachel Agatha Keen, Frank Hoensch, Maya Jama, Roman Kemp, Clara Amfo, Kylie Minogue, Tate McRae, Minogue, Calvin Harris, Ellie Goulding, , ” Cassio, Raye, Central, Ed Sheeran, Hus, Drake, Kenya Grace, ” Lewis Capaldi, ” RAYE, Rudimental, Charlotte Plank, Debbie, Ella Henderson, Goddard, Darren ” J Hus, Mahalia Olivia Dean PinkPantheress RAYE, Yussef Dayes, Damien Meyer, J Hus Jessie Ware Little, Olivia Dean RAYE, Helle Arensbak, Ritzau Scanpix, Barry Can’t, Becky Hill Calvin Harris, Fred, Romy R, Cleo Sol Jorja Smith Mahalia RAYE, Calvin Harris Charli, Olivia Dean RAYE Hip, Cee Dave J Hus, Simz Calvin Harris, David Becker, Caroline Polachek CMAT Kylie Minogue Lana Del Rey Miley Cyrus Olivia Rodrigo SZA, Taylor Swift, Billie Eilish, ” David Kushner, ” Meghan Trainor, Miley Cyrus, Noah Kahan, Oliver Tree, Robin Schulz, Olivia Rodrigo, Peggy Gou, Bill ” Tate McCrae, Baser Sekou Organizations: CNN, Blues, Dua, Mahalia, O2, “ Prada, , Getty, Arlo, Cee, Olivia Dean RAYE Group, Young, International Group, Foo, Pop Locations: United Kingdom, London, Dua Lipa, Dua, Kenya, France, Cee Dua, Aarhus, Denmark, AFP
I've spent most of my life living on the island of Oahu, under an hour's flight from Kauai. Here's my guide on everything to do on the island, whether you're a first-time or return visitor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the geologically oldest of the Hawaiian Islands, Kauai has had quite a lot of time to refine its natural beauty. And since Kauai is just a 40-minute flight away, my family and I have taken countless trips there over the years.
Persons: I've, Organizations: Service Locations: Oahu, Kauai, Waimea
In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. Social media posts show millennials and Generation Zs proudly explaining the purchase of their lab-grown diamonds for sustainability and ethical reasons. Natural diamonds take billions of years to form and are difficult to find, making their price more stable. Globally, lab-grown diamonds are now 5-6% of the market and the traditional industry is not taking it sitting down. It's also still true in more rural areas of the United States, while lab-grown diamonds have taken off more in the cities.
Persons: Bario Neal, Haley Farlow, , Golan, Zs, Farlow, that's, Cupid, Martin Roscheisen, Paul Zimnisky, Zimnisky, It's, Mother Earth, ” Zimnisky, Page Neal, it’s Organizations: PHILADELPHIA, Diamond, Diamond Foundry, telltale, Gemological Institute of America, Mother, Associated Press Locations: Philadelphia, U.S, India, China, Henan, Zhuhai, Na Diamond, HeNan, Ningbo Crysdiam, United States, Wenatchee , Washington, Columbia, AP.org
Read previewFootball stars and Taylor Swift weren't the only A-listers making headlines at the Super Bowl. AdvertisementAlicia Keys and Usher perform onstage during the Apple Music Super Bowl LVIII Halftime Show at Allegiant Stadium. Beyoncé — who dropped two new songs in the middle of the Super Bowl — joined her family later to catch the game. Taylor Swift and Lana Del Rey attend Super Bowl LVIII between the Kansas City Chiefs and the San Francisco 49ers at Allegiant Stadium. Elon Musk looks on prior to Super Bowl LVIII between the San Francisco 49ers and Kansas City Chiefs at Allegiant Stadium.
Persons: , Taylor Swift, Swift —, Travis Kelce, Swift, Spice, Blake Lively, Kevin Mazur, Usher, Alicia Keys, Jermaine Dupri, will.i.am, Lil Jon, Ethan Miller, Reba McEntire, Post Malone, Andra, Blue Ivy Carter, Rumi Carter, Beyoncé —, Bowl —, Ivy Carter, Jay, Justin, Hailey Bieber, Kendall Jenner, Khloé Kardashian, Ciara, Russell Wilson, Kendall, lado, Kardashian, Justin Bieber, helton, alf, uring, ady G aga, ady, aga, hird, J ames, raymond G reen, ames,, raymond G reen, Organizations: Service, Super, San Francisco 49ers, Kansas City Chiefs, Chiefs, 49ers, Business, Apple Music, Post, Bowl, Denver Broncos Locations: Las Vegas, Tokyo
An instructor at Dingle campus of Connecticut-based Sacred Heart University, he's mapping the sites of wedge tombs . "These types of structures are burial places," Mag Fhloinn said, generally dating to around 2,500 to 2,000 BCE. During his searches of the hill, Mag Fhloinn took photographs to create a 3D model. Rotating the 3D model on his screen, Mag Fhloinn saw how well it corresponded with the 1838 drawing. Most wedge tombs face west, particularly to the southwest, Mag Fhloinn said.
Persons: , Lady Georgiana Chatterton, Raidió, COVID lockdowns, Billy Mag Fhloinn, Fhloinn, RTÉ, Seán Mac, Richard Hitchcock, couldn't, Caimin O'Brien, O'Brien Organizations: Service, Business, Heart University, National Monuments Service Locations: Ireland's Dingle, South, Ireland, Dingle, Connecticut
Losing the U.S. Open final last September gave her the extra motivation. In the semifinals, she avenged her U.S. Open final loss to No. “For the second time, it’s just such a relief.”Only two things slowed down Sabalenka's progress Saturday to her second Grand Slam singles title. In the third game of the second set, with Zheng serving, the match was interrupted after an activist started yelling out. Then, when she was serving for the match, Sabalenka had three championship points at 40-0 but missed two with unforced forehands errors and another with Zheng's clever drop shot.
Persons: Sabalenka, Zheng Qinwen, Elena Rybakina, , it’s, don’t, Zheng, Coco Gauff, Barbora Krejcikova, Amanda Anisimova, “ I’m, ” Sabalenka, , Serena Williams, Jason Stacy, Stacy, Li Na, ” Zheng Organizations: , U.S, U.S ., Victoria Azarenka Locations: MELBOURNE, Australia, Melbourne, New York
CNN —China’s Zheng Qinwen will be hoping to follow in the footsteps of compatriot and idol Li Na, who was crowned Australian Open champion a decade ago, when she faces Aryna Sabalenka in Saturday’s final. Just go for it.’ That’s enough, I think,” Zheng laughed. So that can’t be more special than here in Australian Open. Beating Gauff was a significant victory for Sabalenka, who lost to the American from a set up in the US Open final at the end of 2023. “As I said before, yeah, I’m defending champion, but worst case … I’m going to lose this tournament and it’s less points to defend next year.
Persons: CNN — China’s Zheng Qinwen, Li Na, Aryna, Zheng, Dayana Yastremska, Li, ” Zheng, , Sabalenka, Eloisa Lopez, Lesia, Coco Gauff, Gauff Organizations: CNN, Reuters Locations: Australian, Melbourne, China, Belarusian,
CNN —Zheng Qinwen became just the fourth Chinese woman to reach the semifinal of a grand slam after coming from behind to defeat Anna Kalinskaya at the Australian Open. Against Yastremska, the 21-year-old will join Zheng Jie, Li Na and Peng Shuai in the list of Chinese women to reach a grand slam semifinal. Of those, only Li has ever won a major: the French Open in 2011 and the Australian Open in 2014. According to Opta, Zheng is also the fourth Asian player in the Open Era to reach the final four of a grand slam before turning 22. Prior to this year’s Australian Open, she had made one previous appearance in the quarterfinals of a grand slam at last year’s US Open.
Persons: Zheng Qinwen, Anna Kalinskaya, Zheng, Dayana Yastremska, , , – I’m, ” Zheng, Kalinskaya, Cameron Spencer, Zheng Jie, Li Na, Peng Shuai, Li, Opta Organizations: CNN Locations: Russian
Some examples of salary offers for corporate functions include:AdvertisementAccountant, Expense Management : $73,000: $73,000 HR Business Partner : $127,680 median; ranging from $90,000 to $182,880: $127,680 median; ranging from $90,000 to $182,880 HR Specialist: $114,000 median; ranging from $85,000 to $170,000DesignEmployees on the design team "shape the visual representation" of TikTok's products and business, creating "unique designs that are not just visually appealing, but also express the aesthetic of our brand," the company wrote. : $320,000: $320,000 Android Software Engineer, TikTok Monetization : $210,000: $210,000 Android Software Engineer, TikTok Privacy : $190,000: $190,000 Android Software Engineer, TikTok Social : $126,640 median; ranging from $65,000 to $288,000: $126,640 median; ranging from $65,000 to $288,000 Android Software Engineer, TikTok User Growth : $227,000 median; ranging from $221,000 to $233,000: $227,000 median; ranging from $221,000 to $233,000 Applied Machine Learning Engineer : $273,340 median; ranging from $180,000 to $306,000: $273,340 median; ranging from $180,000 to $306,000 Applied Machine Learning Engineer, Recommendation : $190,000: $190,000 AR Effects Interactive Engineer : $125,000: $125,000 AR Software Engineer : $125,000: $125,000 Audio Engineer : $75,000: $75,000 Backend Engineer : $128,000: $128,000 Backend Engineer, Ads Platform : $172,000 median; ranging from $125,000 to $240,000: $172,000 median; ranging from $125,000 to $240,000 Backend Engineer, Content Ecosystem : $222,360: $222,360 Backend Engineer, Lark Innovation : $160,000: $160,000 Backend Engineer, Machine Learning : $157,680 median; ranging from $157,680 to $175,000: $157,680 median; ranging from $157,680 to $175,000 Backend Engineer, Risk Systems : $295,000 median; ranging from $150,000 to $320,000: $295,000 median; ranging from $150,000 to $320,000 Backend Engineer, TikTok Ads Creative and Ecosystem : $250,000: $250,000 Backend Engineer, TikTok Ads Creativity and Ecosystem : $207,500 median; ranging from $175,000 to $240,000: $207,500 median; ranging from $175,000 to $240,000 Backend Engineer, TikTok Eng. : $220,000 median; ranging from $160,000 to $285,000 0 #NUM! Software Engineer, Computer Vision : $165,000 median; ranging from $165,000 to $200,000: $165,000 median; ranging from $165,000 to $200,000 Software Engineer, Computer Vision, Intelligent Creation : $200,000 median; ranging from $200,000 to $265,000: $200,000 median; ranging from $200,000 to $265,000 Software Engineer, Core Services : $204,000 median; ranging from $125,000 to $244,680: $204,000 median; ranging from $125,000 to $244,680 Software Engineer, Core Service, Application Security : $129,680: $129,680 Software Engineer, CRM : $175,000 median; ranging from $125,000 to $300,555: $175,000 median; ranging from $125,000 to $300,555 Software Engineer, Data Access Team : $230,000: $230,000 Software Engineer, Data Mining : $169,680: $169,680 Software Engineer, Data Mining USDS : $182,400: $182,400 Software Engineer, Data Platform : $186,000 median; ranging from $170,000 to $216,880: $186,000 median; ranging from $170,000 to $216,880 Software Engineer, Data Security and Compliance : $180,000: $180,000 Software Engineer, Database Kernel Development : $130,000 median; ranging from $128,000 to $220,000: $130,000 median; ranging from $128,000 to $220,000 Software Engineer, Distributed Storage System : $285,000 median; ranging from $180,000 to $285,000: $285,000 median; ranging from $180,000 to $285,000 Software Engineer, Engineering Productivity : $195,000: $195,000 Software Engineer, Front-End : $147,000: $147,000 Software Engineer, Front-End, Ads Technology : $125,000: $125,000 Software Engineer, Full Stack : $180,000: $180,000 Software Engineer, Full Stack, Ads Technology : $147,500 median; ranging from $125,000 to $170,000: $147,500 median; ranging from $125,000 to $170,000 Software Engineer, Full Stack, E-Commerce Engineering and Architecture : $205,000: $205,000 Software Engineer, Full Stack, Vertical Solutions : $220,000: $220,000 Software Engineer, Global E-Commerce Customer Business : $195,000 median; ranging from $133,240 to $225,000: $195,000 median; ranging from $133,240 to $225,000 Software Engineer, Global Payment : $161,000 median; ranging from $155,000 to $215,000: $161,000 median; ranging from $155,000 to $215,000 Software Engineer, Gov. and Experience, TikTok E-Commerce : $241,540 median; ranging from $219,680 to $263,400: $241,540 median; ranging from $219,680 to $263,400 Software Engineer, GPU Management : $128,000 $128,000 $128,000 0 #NUM!
Persons: , It's, TikTok, it's, ByteDance, TikTok Eng, Tiktok Organizations: Service, Business, US, of Foreign Labor, Live, US Data Security, Security, US Department of Labor, Corporate, Employees, TikTok, Tech, Commerce, Marketing, Staff, Trust, Safety, Brand, Android Software, Computer, Global Agency Relations, Global Security Technology, Infrastructure Engineering, Android, Machine, Interactive, Systems, Data Systems, Engineer, Commerce Data Intelligence, Commerce Logistics, Chain, Logistics, Media, US Tech Services, Big, Business Intelligence, Protection, Network Security, Business Systems, Cash, Cloud, Networking Software, Public, Tech Service, Technology, Technology Systems, Infrastructure, Network Business, NA, Defense, US Tech Service, Analytics, Research, Mining, Solutions, Tech Services, Pico, Forensics, Development, Control, Financial, CRM, Global, Learning, Traffic, TCMS, Communications, Graphics, Monetization Technology, Management, Products, Resources, IDC Logistics, DevOps, IOS, GNE Global, Software, Procurement, Commerce Global, Strategic, Global Business, Merchant, Mobile Security, Mobile Software, Multimedia Research, Regional, Sound Engineering, Professional Services, Community, Relations, Real, Commerce Trading, Creative, Enterprise, Virtual Network, Storage, Data Security, Smart, Finance, ML Systems, Cloud Infrastructure, TikTok US Tech Services, Monetization Tech, Learning Systems, Core Services, Core Service, Data Mining, Engineering, Commerce Engineering, Mobile, Revenue Management Locations: ByteDance, TikTok, TikTok Commerce, America, Mexico, Americas, Commerce
As big as the win was for Murray, it was a tough loss for Byeong Hun An and Keegan Bradley. But after Murray made his 40-footer, and Bradley missed his 18-foot birdie putt, An missed the short putt. Bradley broke out of a five-way tie with a 20-foot birdie putt on 15th hole. Yuan made his mistake on the par-3 17th, missing the green left and missing a 4-foot par putt to fall out of the lead. Murray followed with a wedge to 3 feet for birdie, and Bradley missed his potential winner from just inside 25 feet.
Persons: — Grayson Murray, Murray, , Byeong Hun, Keegan Bradley, Bradley, Kevin Na, Korn, , , ” Carl Yuan, Russell Henley, Henley, Yuan, Poston Organizations: Sony Locations: HONOLULU, Hawaii, Honolulu, J.T
The final round of the Sony Open might give him a good idea of how far he has come. Murray got up-and-down from a bunker on the par-5 18th on for birdie and a 6-under to share the lead with Keegan Bradley going into the final round at Waialae in a Sony Open that is hardly a two-man race. Bradley, a former major champion who has played in two Ryder Cups, is going for his third PGA Tour title in the last 16 months. Murray's only PGA Tour win was an opposite-field event more than six years ago. Murray dedicated himself to the Korn Ferry Tour last year, won and was among the top 30 who earned PGA Tour cards.
Persons: Grayson Murray, Murray, Keegan Bradley, Bradley, Murray's, Kevin Na, It's, Korn, ” Murray, , Sam Stevens, Chris Kirk, Justin Thomas, Ernie Els, Kirk, Chris, Tiger Woods, ” Semikawa, Semikawa, ” Bradley, I've, Organizations: Sony, Ryder, he's, Sentry, Japan Locations: HONOLULU, Bermuda, Waikiki, Japan
The moon rises over the Toronto city skyline as seen from Milton, Ontario, Canada, January 23, 2016. REUTERS/Mark Blinch/File Photo Acquire Licensing RightsTORONTO, Dec 4 (Reuters) - Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions, signalling that lenders were strapping in for a shaky economy. Impaired loans related to residential mortgages, real estate and construction were also higher from the prior quarter, indicating that the banks were also being cautious when considering underwriting new loans. He noted that despite the mixed results, the banks reported healthy capital levels, giving investors assurance that the banks remain resilient. Reuters Graphics($1 = 1.3559 Canadian dollars)Reporting by Nivedita Balu in Toronto; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
Persons: Mark Blinch, Verecan, Colin White, Dave McKay, Mike Archibald, Nivedita Balu, Mark Porter Organizations: REUTERS, Rights, Reuters, Bank of Canada, BOC, Royal Bank of Canada, CIBC, National Bank, Scotiabank, BMO, RBC, Reuters Graphics Reuters, AGF Investments, Reuters Graphics, Thomson Locations: Toronto, Milton , Ontario, Canada
The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsDec 1 (Reuters) - National Bank of Canada (NA.TO) reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions. NBC's adjusted net interest income, the difference between what banks earn on loans and pay out on deposits, slumped about 35.1% to C$825 million. Its financial markets segment, however, posted an adjusted net income of C$289 million, up 42%, driven by strength in capital markets and global markets businesses. The bank's adjusted net income rose to C$867 million ($641.13 million), or C$2.44 per share, for the three months ended Oct. 31, from C$738 million, or C$2.08 per share, a year earlier.
Persons: Chris Wattie, Arasu Kannagi Basil, Shilpi Majumdar Organizations: National Bank of Canada, REUTERS, Thomson Locations: Ottawa , Ontario, Canada, Montreal, Bengaluru
But home prices are still on the rise, according to a November 28 note from Selma Hepp, the chief economist at CoreLogic. The outcome is that many remain renters, which drives up demand for rental property and the cost of rent. If the cost of rent is 20% below the price of owning a home monthly, then it may be comparable. Rent prices are based on listings from Rent.com. For example, take the cost of rent over five years; let's say it's $3,000 x 12 months = $36,000 annually.
Persons: Selma Hepp, they'll, Suzanne Miller, Miller, Price, Shmuel Shayowitz, Shayowitz Organizations: Business, Home, Empire State, Seattle -, Dallas, Fort, Redfin, Kansas, Jacksonville, Birmingham, NA Milwaukee, Phoenix, Boston, Orlando, Virginia, KY, UT, Oklahoma Locations: Redfin . Metro, Seattle, Dallas, Seattle - Tacoma, Bellevue, Everett, Tacoma, Fort Worth, Metro, Columbus, Providence, RI, Kansas City, Angeles, Buffalo, NY, Indianapolis, York, Hartford, Jose, Antonio, Minneapolis, Detroit, MI, Virginia Beach, Louis, Washington, San Diego, Atlanta, Richmond, Cincinnati, San Francisco, Philadelphia, Tampa, WA, Denver, Riverside, CA, Cleveland, Baltimore, Pittsburgh, Charlotte, NC, Orleans, LA, Nashville, TN, Memphis, Raleigh, Louisville, Jefferson County, Houston, Salt Lake City, Miami, Chicago, Sacramento, Vegas, Portland, Austin, New York City
NA PHO, Thailand—Four days after Hamas militants tore through southern Israel, a mournful procession of local officials here in Thailand’s bucolic east came to tell the family of Wichai Kalapat that the 28-year-old fruit farmer was among those killed. His girlfriend, Kittiya Thuengsaeng, hung a picture of him outside her front door. On Saturday, Wichai appeared, Lazarus-like, in footage from a prisoner exchange. Shortly before midnight, his bewildered siblings happened to glimpse him, smiling from the back of a white Red Cross landcruiser, in a picture on Facebook , reluctant to believe it was him until his face appeared on a video call hours later.
Persons: Kittiya Thuengsaeng, Wichai, Lazarus Organizations: Facebook Locations: PHO, Thailand, Israel
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The surge in their borrowing from Chinese banks has catapulted the yuan past the euro into becoming the second-biggest currency used in global trade finance, providing a fillip to Beijing's ambitions to internationalize the yuan. "Panda bonds are steadily promoting the renminbi's function as a funding currency", the People's Bank of China (PBOC) said a report last month. German automaker Volkswagen Group (VOWG_p.DE) told Reuters it will use its inaugural 1.5 billion yuan panda bond proceeds only for its onshore China business. ($1 = 7.2421 Chinese yuan renminbi)Reporting by Samuel Shen and Rae Wee Editing by Vidya Ranganathan and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Yuan, Dado Ruvic, Fiona Lim, Lim, SWIFT, Mercedes, Yuan internationalisation, Mark Williams, It's, Maybank's Lim, Williams, Samuel Shen, Rae Wee, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Rights, BMW, Crédit Agricole S.A, National Bank of Canada, People's Bank of China, Standard Chartered Bank, Bank of China's, Volkswagen Group, Reuters, Benz Group, Capital Economics, Thomson Locations: Rights SHANGHAI, SINGAPORE, China, Hong Kong, Asia, Russia, Argentina, Pakistan, Nigeria
Here are Thursday's biggest calls on Wall Street: Goldman Sachs initiates Apellis Pharmaceuticals as buy Goldman initiated the biotech company with a buy and says it sees "continued execution." Bank of America reiterates Disney as buy Bank of America said it's standing by its buy rating after Wednesday's earnings report. Goldman Sachs reiterates Arm as overweight Goldman said it's sticking with its buy rating after the stock's earnings report on Wednesday. Goldman Sachs reiterates Instacart as buy Goldman said it's sticking with its buy rating on the grocery delivery company after Instacart's earnings report on Wednesday. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's sticking with its overweight rating on the electric vehicle company. "
Persons: Goldman Sachs, Goldman, Tesla, WK Kellogg, Kellogg, Wolfe, Instacart, Morgan Stanley, Rivian, Eli Lilly, MRK's Keytruda, Evercore, it's bullish, Parker, Wells, it's, Hein Schumacher Organizations: Apellis Pharmaceuticals, HSBC, Tesla, Barclays, JPMorgan, Bank of America, Disney, ARM, Deutsche Bank, Deutsche, Merck, pharma, TAP, Industrial, Nvidia, Anheuser, Busch InBev, Bud, Offshore, Unilever, OW, Citi Locations: North America, Montrose
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