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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. inflation prints for January and February were 'anomalies': EconomistOlu Omodunbi of Huntington Private Bank expects to see "better inflation prints in the next couple of months" which would allow the Fed to start cutting interest rates in the middle of 2024
Persons: Olu Organizations: Huntington Private Bank, Fed
CNN —An implant for obstructive sleep apnea — a serious sleep malady in which breathing stops for 10 seconds to two minutes many times an hour each night — works best in people who are overweight but not severely obese, a new study found. “There’s a huge unmet need of patients that are suffering with obstructive sleep apnea and not able to tolerate CPAP,” Landsness said. nicolesy/iStockphoto/Getty ImagesAbout a third of patients have difficulty using a CPAP and may ultimately abandon the device, Landsness said. Obstructive sleep apnea is also connected to type 2 diabetes, asthma, obesity, kidney disease, chronic obstructive pulmonary disease, thyroid disease and mental illnesses such as depression and anxiety. “As an alternative treatment for sleep apnea, this hypoglossal nerve stimulation surgery could revolutionize some people’s lives,” he said.
Persons: Eric Landsness, St . Louis, ” Landsness, , Kristen Knutson, , Landsness, CPAP, Brandon Peters, Mathews, ” Peters, Raj Dasgupta, Dasgupta, “ I’ve Organizations: CNN, Washington University School of Medicine, Medicare, BMI, Northwestern University’s Feinberg School of Medicine, Virginia Mason Medical Center, Food and Drug Administration, Huntington Health, Mayo Clinic, telltale Locations: St ., Chicago, Seattle, Pasadena , California
Donald Trump shared an image of Joe Biden hog-tied on the tailgate of a passing pickup truck. The Republican presidential nominee was accused of inciting violence against President Joe Biden. AdvertisementRepublican presidential nominee Donald Trump faced criticism Friday for posting a video on his social media that showed President Joe Biden hog-tied on the tailgate of a passing pickup truck. Trump just posted a video of a pickup truck on Truth Social that has a giant image of President Biden bound with rope and laying, apparently kidnapped. Related stories"Democrats and crazed lunatics have not only called for despicable violence against President Trump and his family, they are actually weaponizing the justice system against him."
Persons: Donald Trump, Joe Biden, , Jonathan Diller, Trump, Biden, MAGA, WFiXIFWU7R, Brian Tyler Cohen, Michael Tyler, Tyler, Steven Cheung, lunatics, President Trump, Mr Trump's, Kathy Griffin's, Kathy Griffin’s, Kathy Griffin, lene W hite, ake Organizations: Republican, Service, Trump, NBC, Capitol Police Locations: Long Island , New York, Huntington , Long, Huntington Long
Cramer's Lightning Round: Huntington Ingalls is a winner
  + stars: | 2024-03-26 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon State Street's year-to-date stock performance. Stock Chart Icon Stock chart icon Visa's year-to-date stock performance. Stock Chart Icon Stock chart icon Huntington Ingalls' year-to-date stock performance. Stock Chart Icon Stock chart icon Chart Industries' year-to-date stock performance. Stock Chart Icon Stock chart icon AECOM's year-to-date stock performance.
Persons: Morgan Stanley, Huntington Ingalls, I've, It's, We're, Jim Cramer's Organizations: Visa, Industries Locations: Wells Fargo
President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. The new Environmental Protection Agency rules released Wednesday aim to cut tailpipe emissions by 49% between model years 2027 and 2032. The EPA set a target for EVs to make up at least 35% of new vehicle sales by 2032. The EPA's new strategy for cutting tailpipe emissions doesn't focus only on EVs. The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers could meet the emissions regulations.
Persons: Joe Biden, Saul Loeb, Biden, Emmanuel Rosner, Mary Barra, Ngan, John Bozzella, Stocks, Tesla, weren't, Chelsea Hodgkins, Martin Viecha, Chris Kapsch, Morgan Stanley, Adam Jonas Organizations: United Auto Workers, Marriott Marquis, Washington , D.C, AFP, Getty, DETROIT, Environmental Protection Agency, EPA, EV, Detroit Automotive, Wall Street, Detroit, General Motors, Ford Motor, Chrysler, capex, Deutsche Bank, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance for Automotive Innovation, United Auto Workers union, UAW, Toyota, Public Citizen, Sierra Club, Democratic, GM, Ford Locations: Washington ,, Detroit , Michigan, U.S, Detroit, Michigan
How to sleep better without your partner
  + stars: | 2024-03-16 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +6 min
Sleep experts recommend turning off screens at least half an hour before going to bed. Those can include stretching, yoga, meditation, a warm shower, aromatherapy or breathing techniques such as progressive muscle relaxation, 4-7-8 breathing or diaphragmatic breathing, experts said. Some couples sleep apart — or at least start the night that way — because of different sleep habits even though they want to sleep together. And of course there’s the age-old guidance for a healthy sleep routine, Dasgupta said. Doing all these things even while your partner is there can make your chances of maintaining a healthy sleep routine even better, experts said.
Persons: , isn’t, Wendy Troxel, ” Troxel, , , Troxel, There’s, Raj Dasgupta, you’re, Joshua Tal, Tal, ” Tal, Dasgupta Organizations: CNN, RAND Corporation, Huntington Health Locations: Utah, Pasadena , California, New York City, cologne
How to adapt your sleep to Daylight Saving Time
  + stars: | 2024-03-09 | by ( Katia Hetter | ) edition.cnn.com   time to read: +6 min
CNN —I know I’m supposed to gradually go to bed and get up earlier over the course of a week or two before Daylight Saving Time hits. CNN: Daylight Saving Time starts Sunday at 2 a.m. Dasgupta: If you find yourself grappling with significant daytime sleepiness in the days after switching to daylight saving time, a short nap before 2 p.m. may be beneficial. Although there are many components of healthy sleep hygiene, some of my favorite tips following the transition to Daylight Saving Time are:1. Remember, with all the focus on your kid’s sleep, don’t forget to take care of yourself, too.
Persons: CNN —, Raj Dasgupta, haven’t, Dasgupta, you’ve, It’s, — Aiden, Mina, Sadie Organizations: CNN, Huntington Heath Locations: Huntington,
Analysts at Morgan Stanley have named a slate of stocks to buy as March gets underway. The firm said investors should bet on the market's momentum by scooping up shares of undervalued companies. They include HashiCorp , Rivian Automotive , Dell Technologies, Sun Country Airlines and Huntington Bancshares. The stock is down 26% over the last 12 months, but the firm said investors should buy the dip. HashiCorp Analyst Sanjit Singh upgraded the cloud-computing infrastructure company to overweight from equal weight earlier this week.
Persons: Morgan Stanley, scooping, Ravi Shanker, Shanker, Sanjit Singh, Singh, Adam Jonas, , Jonas, Rivian, Dell, , Huntington, HBAN Organizations: CNBC, Rivian Automotive, Dell Technologies, Sun Country Airlines, Huntington, Amazon, Rivian, Airlines Locations: Huntington Bancshares
The party adopted a novel and somewhat confusing hybrid nominating system this year, which will culminate on March 2 with a statewide nominating convention. Here’s what to know:When are the Michigan primary and convention, and how do I vote? Additionally, the state’s Republican Party will host a nominating convention on March 2. At the Republican nominating convention, only delegates, a group of elected party loyalists, can participate in the caucus-style event. Last year, in February, she emerged victorious from a marathon vote for state party chair.
Persons: Donald J, Trump, Nikki Haley, Biden, Dean Phillips, Marianne Williamson, , , ” Stephen Ohlemacher, Trump’s, Pete Hoekstra, Kristina Karamo, Hoekstra, Ms, Karamo Organizations: Republicans, Republican Party, Republican, United Nations, Democratic, Michigan, Democratic National Convention, Associated Press, Amway, Plaza Hotel, Trump, Mr Locations: Michigan, South Carolina, Chicago, Grand Rapids, Huntington, Detroit, Netherlands, Waterford Township, Mich
A new video shows the testing of the aircraft launch system for the Navy's new supercarrier. The USS John F. Kennedy is the Navy's second Ford-class aircraft carrier. Our #NewportNewsShipbuilding division has started topside #EMALS testing on the aircraft carrier John F. Kennedy (#CVN79). A T-45C Goshawk training aircraft attached to Training Air Wing (TAW) 1, lands aboard the aircraft carrier USS Gerald R. Ford (CVN 78) during flight operations, Sept. 12, 2020. AdvertisementIn addition to the Kennedy, two other Ford-class aircraft carriers, the Enterprise and the Doris Miller, are currently under construction at Newport News.
Persons: USS John F, Kennedy, , James, John F, 9n3OhRDXAd, HII, Gerald R, Seaman Anton Wendler, Ford, Doris Miller Organizations: USS, Ford, aircraft, Service, Hornets, Huntington Ingalls Industries, Newport News Shipbuilding, US Navy, Training Air, U.S . Navy, Communication, Navy, Enterprise, Newport News Locations: Virginia
Huntington Bancshares CEO: We've been using AI selectively for years, but we're a people businessHuntington Bancshares Chairman, President and CEO Stephen Steinour joins 'Mad Money' host Jim Cramer to talk the state of regional banking.
Persons: Huntington, We've, Stephen Steinour, Jim Cramer Organizations: Huntington Bancshares
Denise Huskins and Aaron Quinn don't think kidnapper Matthew Muller worked alone. AdvertisementDenise Huskins and Aaron Quinn don't think that kidnapper Matthew Muller worked alone when he forcibly took Huskins from Quinn's Mare Island, California home in the middle of the night on March 23, 2015. Netflix's hit true crime docuseries "American Nightmare," released in January, examines the bizarre kidnapping case using interviews with the victims, police officers, and lawyers involved. Muller took Huskins to a property in South Lake Tahoe, where she says he sexually assaulted her. Quinn pointed out that his car was also stolen from the property, but Muller took Huskins away in a Mustang.
Persons: Denise Huskins, Aaron Quinn, Matthew Muller, Muller, Huskins, , Netflix's, Quinn, Gillian Flynn's, Denise, they've Organizations: Service, Vallejo Police Department, Harvard, Netflix Locations: Quinn's Mare Island, California, South Lake Tahoe, Huntington Beach, Dublin , California, Vallejo, Harvard
The people of Suffolk County, Long Island, need to start considering it. Like most of the suburbs surrounding New York City, Suffolk County is suffering from a major shortage of homes. In December, New York Governor Kathy Hochul announced she'll send $59 million to Long Island to deal with water contamination and sewer upgrades. “The governor has said she wants to see more housing on Long Island. Last year, Long Island public officials led the charge against Gov.
Persons: , Hunter Gross, , ” Gross, Long, Suffolk County’s, Ed Romaine, Kathy Hochul, you’ve, , Joe, Edmund Smyth, ” Smyth, ” Long, Kathy Hochul’s, who’ve, boomers, can’t, that's, Ian Wilder, Nathan Cummings, ” Cummings, Cummings Organizations: Service, Hamptons, Business, Newsday, Republican, ” Long Islanders, Gov, New, Housing Services, Yale Law Locations: Suffolk County, Long, New York City, Huntington, Suffolk, New York, Huntington , Suffolk County, Levittown, Black, Old Lyme , Connecticut
And yet, Walton's wife and children didn't have to pay a dime in estate tax. With an FLP, an individual — often a parent or two parents — pools their business assets, which are commonly real estate or stock. There are pragmatic reasons for keeping family business assets consolidated, according to Dan Griffith of Huntington Private Bank. Another sweetener: you can claim a discount on the assets within the FLP and use even less of your estate tax exemption. This would eliminate all gift and estate tax on the business even if the couple dies after the Trump tax cuts sunset.
Persons: , Sam Walton, didn't, Donald Trump, Dan Griffith, , Griffith, Robert Strauss, Weinstock Manion, Strauss, Edward Renn, Renn, Trump, that's, Katie Carlson Organizations: Service, Walmart, Business, Huntington Private Bank, IRS, Partners, Bank of, Trump
Helen Boxwill, 77, refinanced her home to build an accessory dwelling unit on her New York property. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Their rent has helped me almost pay off my 30-year mortgage, and has covered property taxes and escrow. I keep rent pretty affordableI charge my tenants $1,100 a month in rent, which is very low for New York. I don't want to deal with kicking somebody out if they haven't paid rent or if they damage the home.
Persons: Helen Boxwill, refinanced, Boxwill, , I’ve, weren't, There’s, I've, I'm, it's Organizations: Service Locations: New York, Ethiopia, Burundi, Huntington , New York, ADUs, Huntington, Long
A photo of my birth mother holding me as a newborn, taken on July 4, 1995, in central Florida. On the one hand, getting tested would help me better plan my future, but I'd have to live with the reality if the diagnosis was positive. AdvertisementOn the other hand, not getting tested would always leave an ounce of uncertainty in the back of my head. It wasn't until 2018, when I met my now-husband, Ryan, that I gave getting tested another thought. Taylor Rains/Business InsiderAfter 10 years of uncertainty, a huge weight was lifted from my shoulders.
Persons: , Olivia Wilde's, Remy, Thirteen, Hadley, I've, Taylor Rains, Mary, Desiree, Taylor, goody, Ryan Organizations: Service, Florida Institute of Technology, Pearl Harbor Aviation Museum Locations: Florida, Puerto Rican, Spain, China, Alaska, Bulgaria, , Connecticut
UBS downgrades Waste Management to neutral from buy UBS said the trash company has a "lofty" valuation. Citi reiterates Nvidia as buy Citi said its standing by its buy rating heading into earnings next week. " UBS upgrades HF Sinclair to buy from neutral UBS said the refiner is underappreciated. UBS upgrades Huntington Bancshares to buy from neutral UBS said it sees "strong strategic positioning" for the regional bank. Citi downgrades GlobalFoundries to neutral from buy Citi downgraded the semi company following earnings on Tuesday.
Persons: Wells, Redburn, Morgan Stanley, Tesla, it's, Piper Sandler, Piper, Jane Fraser's, Q, BRKRs, BRKR, DINO, D.A, Davidson downgrades Airbnb, Evercore, GlobalFoundries, Bernstein, Wingstop Organizations: Wells, RBC, Enphase Energy, Shoals Technologies, SolarEdge Technologies, UBS downgrades Waste Management, UBS, Citi, Nvidia, JPMorgan, Sinclair, diesel, Deutsche Bank, General, Deutsche, GE, ABNB, ABNB's, Walmart, ISI, Huntington, HSBC, Palantir, HP, Bank of America, of America, Design Systems, Rivals Locations: EBITDA
Morgan Stanley initiates Ford as a top pick Morgan Stanley said it's standing by its top pick status on Ford. Morgan Stanley initiates Dynatrace as equal weight Morgan Stanley initiated the software stock with an equal weight and said patience is needed. Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney's participation in a sports streaming bundle is 'low-risk." Morgan Stanley adds Huntington Bancshares to the financials finest list Morgan Stanley added the regional bank to its financials finest list. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the stock, but that the company will need "substantial funding" to complete its Georgia plant.
Persons: Goldman Sachs, Goldman, ANET, hyperscaler, Morgan Stanley, Ford, it's, Dynatrace, Redburn, Evercore, Susquehanna, Piper Sandler, Trimble, Piper, Riley, Bernstein, Disney, Huntington Bancshares, Huntington, Banks, Stephens, Cantor Fitzgerald, Stratasys, Cantor, Rivian Organizations: Arista Networks, Ford, downgrades, Airlines, UBS, Nvidia, NextEra Energy Partners, Taiwan Semiconductor, Apple, Apple Services, DIS, FOX, Deutsche Bank, Walmart, Citi, GSK, " Bank of America, of America Locations: NVDA's, North America, NAPA, Georgia
Oil prices edge up on Middle East risk
  + stars: | 2024-02-13 | by ( ) www.cnbc.com   time to read: +3 min
Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential U.S. interest rate cuts and the ensuing impact on fuel demand capped gains. Oil prices were near flat in Monday's trade, after gaining 6% last week. A move by the U.S. to tighten or step up enforcement of sanctions on Iran would impact oil market supplies. The Organization of the Petroleum Exporting Countries is also scheduled to release its monthly oil market report on Tuesday. OPEC and its allies including Russia, known as OPEC+, will decide in March whether to extend voluntary oil production cuts in place for the first quarter.
Persons: Houthis Organizations: Brent, . West Texas, New York Fed, Consumer, Reuters, of, Petroleum, OPEC, ING Locations: Huntington, Pier, Huntington Beach, Iran, Red, United States, Britain, Israel, U.S, Iraq, Russia, OPEC, Saudi Arabia
She would have killed it on Etsy,” says Vanessa Bumpus, exhibit coordinator at the Worcester Historical Museum in Massachusetts. Ornate lace designs were a trademark of Esther Howland's valentines. Courtesy Collection of Worcester Historical MuseumBrightly colored paper placed beneath the lace accentuates the design. Courtesy Collection of Worcester Historical Museum“She’s fresh out of school, launching her own business. The room where the City Council meets is even named after Howland, Bumpus says.
Persons: Esther Howland isn’t, who’ve, Martha Stewart, , Vanessa Bumpus, Howland, valentine, ” Howland didn’t, she’s, Nancy Rosin, ” Rosin, Esther Howland's valentines, Rosin, it’s, , ” Bumpus, , Henry Ford, They’ve, Bumpus, who’s, didn’t, Edward Taft, George C, Whitney Company —, “ Esther, valentines Organizations: CNN, Worcester Historical Museum, National Valentine Collectors Association, Congress, Worcester Historical, Huntington Library, Mount, England Valentine Company, Whitney Company, Worcester —, City Council, New England Patriots Locations: Massachusetts, Worcester, United States, America, Los Angeles, Mount Holyoke, England, Rosin
Jefferies initiates Sprout Social as buy Jefferies said the social media software provider is a market leader. Morgan Stanley names Huntington Bancshares a top pick Morgan Stanley said it likes the regional bank's low exposure to commercial real estate. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on Nvidia to $750 per share from $603. Morgan Stanley downgrades Aptiv to underweight from equal weight Morgan Stanley said it sees slowing growth for the automotic tech company. Jefferies initiates ZoomInfo as buy Jefferies initiates the software data company with a buy and says it sees new customer growth.
Persons: Redburn, Key, it's, Gordon, Gordon Haskett, Jefferies, Steven Madden, Morgan Stanley, Huntington, Morgan Stanley downgrades Aptiv, Piper Sandler, Piper, Davidson, Goldman Sachs, Goldman, DA Davidson, it's bullish, Oppenheimer Organizations: Services, Bank of America, Google, Leerink, SPT, Citi, JPMorgan downgrades New York Community Bancorp, JPMorgan, Jefferies, Nvidia, Crown Holdings, Holdings, Civitas Resources, Corp, Vans, VF Corp, Bank of America downgrades, York Community Bancorp, New, Apple, Apple's Locations: F24E, New York
CNN —Tardigrades, also known as water bears, commonly survive in some of Earth’s most challenging environments. Under stress in extreme cold or other harsh environmental conditions, tardigrades’ bodies produce unstable free radicals of oxygen and an unpaired electron, aka a reactive oxygen species that can wreak havoc on the body’s proteins and DNA if they overaccumulate. The survival mechanism kicks off when cysteines, one of the amino acids that forms proteins in the body, come into contact with these oxygen free radicals and becomes oxidized, the researchers found. The free radicals become, so to speak, the hammer used to smash the glass on a fire alarm. “We came up with this idea (that) maybe it’s those species that are actually signaling to the tardigrades to enter their tun state,” she said.
Persons: CNN — Tardigrades, Amanda L, cysteines, ” Smythers, Smythers, Amanda Smythers Smythers, William R, Miller, ” Miller, Jenna Schnuer Organizations: CNN, International Space Station, Dana, Farber Cancer Institute, Harvard Medical School, Getty, University of North, Chapel, Marshall University, Baker University Locations: , Boston, Antarctica, University of North Carolina, Huntington , West Virginia, Baldwin City , Kansas, Anchorage , Alaska
Read previewWhen the rich give to charity, they find a way to get the most bang for their buck. If the trust assets are invested and achieve an annual rate of return of 9% a year, the CLT's remainder will be $2.1 million. Advertisement"It's a fantastic low interest rate play," said Renn. "The problem now is rates have really risen and it's to the point where some investments clearly can outperform a 4% or 5% interest rate, but others might struggle." In this interest rate environment, charitable remainder trusts (CRTs) have better odds.
Persons: , Jacqueline Kennedy Onassis, Walton, Lance Morgan, Ed Renn, I've, Renn, Dan Griffith, Griffith, CLTs, Onassis, CLATs, Alice, Jim Walton, Rick T, Jennifer Galvagna, Michael Prinzo, they're Organizations: Service, Tax, Business, Bloomberg, Huntington Private Bank, Walmart, Bank of America Private Bank Locations: Withersworldwide, CLTs, Fayetteville , Arkansas, Israel, Palestine
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
New York CNN —Stocks of small US lenders are still in the doldrums nearly a year after the regional banking crisis. The KBW Nasdaq Regional Banking index, which tracks the performance of regional lenders and thrifts, has fallen more than 2.4% this year compared to the benchmark S&P 500’s 2.6% gain. “This development is likely to … challenge the health of regional banks,” wrote José Torres, senior economist at Interactive Brokers, in a note on Thursday. Regional bank stocks struggled for much of 2023 after the collapses of Silicon Valley Bank and Signature Bank sparked a flight on deposits and sent shockwaves through the stock and bond markets. High interest rates threatened to put pressure on regional banks’ bond portfolios and squeeze their bottom lines, creating a good old-fashioned bank run.
Persons: Huntington, PNC Financial Service’s, , José Torres, Alex McGrath, , McGrath, Samantha Murphy Kelly, David McQueen, ” Read, Bryan Mena Organizations: CNN Business, Bell, New York CNN, Nasdaq, PNC Financial Services, PNC, Comerica Inc, US Bancorp, Citizens, PNC Financial, Federal Reserve, Interactive Brokers, Valley Bank, Signature Bank, First, Bank, Microsoft, Apple, ABI Research, Gross, Commerce Department Locations: New York, China
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