Bank of America (BAC) said Tuesday that first-quarter profits dropped 18% from a year ago as a key revenue source weakened, offering the latest example of how even the biggest banks are increasingly challenged by high interest rates. Net interest income at Bank of America fell 3% from the year-earlier period “as higher deposit costs … Read more
The Giants have two new coordinators on head coach Brian Daboll’s staff this season and it looked like they might be making three changes early in the offseason. Offensive coordinator Mike Kafka interviewed for the Seahawks’ head coaching job and Seattle wanted to speak to him a second time about becoming Mike Macdonald’s coordinator after … Read more
House Republicans on Tuesday are expected to formally present their articles of impeachment against Alejandro Mayorkas, the homeland security secretary, to the Senate, part of the party’s attempt to force an election-year showdown with the Biden administration over immigration and border security. In February, House Republicans bypassed skepticism within their own ranks and unified Democratic … Read more
(Bloomberg) — South Africa has taken a preliminary step toward filing a complaint with the World Trade Organization against the European Union over its treatment of citrus purchases from the country. Most Read from Bloomberg The African nation has requested consultations with the EU at the WTO in a bid to resolve the dispute, the … Read more
By Tim Reid (Reuters) – When Donald Trump was indicted a bit more than a year ago over hush money paid to a porn star, it turbocharged the Republican’s presidential campaign. He surged ahead of his rivals for the White House nomination, gaining a lead he never relinquished. Trump went on trial in New York … Read more
Investors try to pick winning stocks that can put up strong returns over long periods of time. In the past couple of decades, the tech and internet sectors have been a hotbed for these opportunities. Just look at Amazon (NASDAQ: AMZN). Since its initial public offering in May 1997, the e-commerce and cloud computing giant … Read more
This Mets team simply does not quit. We saw it throughout the Atlanta series as they battled back night in and night out, we saw it this weekend against the red-hot Kansas City Royals, and we saw it yet again in Monday’s series opener against the red-hot Pirates. After falling behind 3-0 in the top … Read more
If you haven’t pulled out the weed whacker in a while, your Columbia garbage truck may tattle on you. That’s because cameras on the backs of city garbage trucks could soon team with artificial intelligence to detect if your grass is too high, your yard has too many leaves, or if you’ve violated other city … Read more
Alfa Romeo is changing the name of its first electric vehicle from “Milano” to “Junior”, after legal threats from the Italian government over the company’s decision to make the car in Poland. Alfa Romeo parent company Stellantis announced last week that the EV would be called Alfa Romeo Milano after the city where the Italian … Read more
By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai will tell lawmakers on Tuesday that the Biden administration is “taking a serious look” at U.S. trade defense tools to deal with threats posed by China’s trade and economic policies, including a review of Trump-era tariffs on Chinese imports. In excerpts of testimony to … Read more