Bank of America’s Quarterly Profit Falls 12%

Bank of America’s Quarterly Profit Falls 12

First American News – Raleigh, NC: Other big U.S. banks reported first-quarter profit declines last week Bank of America Corp. said Monday that its first-quarter profit fell 12%, its first quarterly decline since 2020. The second-largest U.S. bank earned $7.07 billion, down from $8.05 billion a year earlier. Per-share earnings of 80 cents topped the […]

U.S. Stocks Drop, Treasury Yields Keep Climbing

U.S. Stocks Drop, Treasury Yields Keep Climbing

U.S. stocks slipped on Monday, while the 10-year Treasury yield continued its upward march following a three-day holiday weekend. The S&P 500 and the Dow Jones Industrial Average were both down about 0.3% in midday trading, after hovering around the flatline for much of the morning. The technology-heavy Nasdaq Composite Index fell 0.5%. U.S. government […]

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

First American News – Raleigh, NC: Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. As Elon Musk Buys 9.2% Shares of the stock, Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday […]

S&P 500 Falls Into Correction Territory as Russian Troops Enter Ukraine Region

S_P-500-Falls-Into-Correction-Territory-as-Russian-Troops-Enter-Ukraine-Region-by-bloomberg-subscrip

First American News LLC-Raleigh, NC: All three major stock indexes fell at least 1% after the White House called Russia’s deployment of troops into two breakaway areas of Ukraine “the beginning of an invasion.” Tensions escalated Monday after Russia moved soldiers into Ukraine’s eastern Donbas region, where Russian President Vladimir Putin has recognized two statelets […]