Finance

The economic slowdown in China will affect Oversea-Chinese Banking Corp’s ability to grow its loans business this year, the lender’s chief executive said on Friday. OCBC, the second-largest Singaporean bank by assets, reported a 9 percent increase in customer loans in 2018. That growth rate is expected to moderate this year amid greater uncertainties in
0 Comments
Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
0 Comments
A Chinese state-run newspaper claimed in an editorial published late Tuesday that the U.S. faces greater pressure to resolve its ongoing trade war with China because failed negotiations would likely have major consequences for stocks worldwide. On Tuesday, the S&P 500 rose after U.S. President Donald Trump again indicated the world’s two largest economies might
0 Comments
Check out the companies making headlines midday Friday: XPO Logistics – XPO stock tanked a whopping 17 percent after the transportation company reported disappointing fourth-quarter results. Its earnings came in eight cents shy of estimates with adjusted quarterly profit of 72 cents per share, and the company’s revenue also fell short of expectations. XPO also
0 Comments
Instead of trying to beat a wave of high-growth financial technology startups at their own game, a group of small banks is opting to join them. These low profile community banks quietly run the plumbing underneath billion-dollar fintech firms like Square, Stripe and Robinhood — handling mundane banking activities for them like holding customer deposits
0 Comments
Shares of XPO Logistics, one of the largest transportation and warehouse companies in the world, plummeted more than 13 percent in the premarket Friday after reporting weaker-than-expected earnings and issuing a dire warning about its business in 2019. XPO Logistics posted adjusted fourth-quarter earnings per share of 72 cents on Thursday, well below a Refinitiv
0 Comments