By Noor Zainab Hussain, Manya Saini and Carolina Mandl (Reuters) -Wells Fargo on Friday posted higher fourth-quarter profit, beating analysts’ expectations as it cut costs. But the lender warned that its net interest income (NII) could fall 7% to 9% this year, sending shares down more than 3%. “We expect net interest income to decline …
Wells Fargo warns of lower interest income in 2024, shares drop Read More »
By Victoria Waldersee, Anna Ringstrom and Marie Mannes BERLIN/STOCKHOLM (Reuters) -Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region. The United States and Britain launched a …
Tesla, Volvo Car pause output as Red Sea shipping crisis deepens Read More »
(Reuters) -Airlines in the United States canceled more than 2,000 flights on Friday after a massive winter storm knocked out power and affected businesses in 12 states ahead of a likely brutal freeze over the weekend. A total of 2,058 flights were canceled and 5,846 flights were delayed as of 5.30 p.m. ET, according to …
US airlines cancel over 2,000 flights due to massive winter storm Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices gained on Friday as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, while U.S. Treasury yields eased on news that U.S. producer prices unexpectedly fell in December. Wall Street stocks closed nearly flat …
Oil rises after strikes on Houthis; US yields fall following PPI Read More »
By Michael Georgy and Aziz El Yaakoubi DUBAI/RIYADH (Reuters) – Abdul Malik al-Houthi, enigmatic leader of Yemen’s Houthi fighters whose attacks on Red Sea shipping have drawn fire from the U.S. and British militaries, created the defiant force challenging world powers from a ragtag militia in sandals. Multiple shipping lines have suspended operations or taken …
Yemen’s enigmatic Houthi leader is fierce battlefield commander Read More »
By Michelle Price, Saeed Azhar and Tatiana Bautzer WASHINGTON (Reuters) -Major U.S. banks reported lower profits on Friday in a choppy fourth quarter clouded by special charges and job cuts, with signs an income boost from high interest rates is waning and some consumer loans are starting to sour. Still, the country’s largest lenders JPMorgan, …
Flagging loan margins, one-off charges drag down profit at major US banks Read More »
By Sergiy Karazy KYIV (Reuters) – British Prime Minister Rishi Sunak visited wartime Kyiv on Friday to sign a new security agreement and announce an increase in military funding for Ukraine to buy drones, including surveillance, long-range strike and sea drones. Britain, one of Ukraine’s closest allies during President Vladimir Putin’s Russian invasion, will increase …
Britain’s Sunak, in Ukraine, announces increase in military aid Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar index pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. It was higher on the day, boosted by safety buying after U.S. and British warplanes, ships and submarines launched dozens of air strikes across Yemen …
By Jarrett Renshaw MANCHESTER, New Hampshire (Reuters) – Polling shows President Joe Biden is unlikely to suffer a setback in New Hampshire’s Democratic primary this month – but if he does, it will be because of voters like Tim Fitzpatrick. A supporter of Biden in 2020, Fitzpatrick, a 24-year-old college student, is not energized by …
Biden’s age pushes some New Hampshire voters to Phillips, Williamson Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil rose 1% on Friday as an increasing number of oil tankers diverted course from the Red Sea following overnight air and sea strikes by the U.S. and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group. Brent crude futures settled 88 cents, or 1.1%, …
Oil climbs 1% as tankers avoid Red Sea after strikes on Houthis Read More »
