First quarter earnings season will ramp up this week with several big banks reporting results on Friday. And when this earnings period largely wraps up by Memorial Day, analysts expect one clear takeaway to emerge — corporate America is in an earnings recession. After earnings per share for S&P 500 […]

Trump denies committing a crime, drills into familiar foes and conspiracy theories Former U.S. President Donald Trump delivers remarks on the day of his court appearance in New York after being indicted by a Manhattan grand jury following a probe into hush money paid to porn star Stormy Daniels, in […]

Carnival Corp (NYSE: CCL) shares are edging down 0.6% following its Q1 results. CCL reported first-quarter FY23 sales of $4.43 billion, beating the consensus of $4.33 billion. Revenue grew 95% from 2019 levels and jumped 173% from $1.6 billion in the prior year. Passenger Cruise Day (PCD) increased 180.5% Y/Y […]

It is “unlikely” that European banks will undergo anything as serious as in 2008, according to economists. Peter Macdiarmid / Staff / Getty Images LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of another financial crash, 2008-style. But a […]

The Commodities and Futures Trading Commission sued crypto exchange Binance and its CEO Changpeng Zhao for selling derivatives backed by digital assets to U.S. customers despite not being registered to do so, the latest effort by Washington to rein in cryptocurrency markets. The suit, filed in federal court in Chicago, […]

With a special model released today, Rolex is taking another step into the “hype watch” space — whether traditionalists like it or not. Among a slew of other watches revealed today at the Watches and Wonders trade show (including a “celebration” oyster perpetual that has watch fans abuzz) were three […]

U.S. stocks were mixed on Monday, as bank stocks moved upward after North Carolina-based First Citizens (FCNCA) bank agreed to buy most of Silicon Valley Bank. At the close, the S&P 500 (^GSPC) edged up 0.2% and the Dow Jones Industrial Average (^DJI) gained 0.6%. The Nasdaq Composite (^IXIC) was […]