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Community lender FinWise Q2 net income rises
OverviewFinWise Q2 loan originations rise to $1.5 bln from $1.3 bln prior qtrNet income for Q2 increases to $4.1 mln from $3.2 mln prior qtrDiluted EPS for Q2 improves to $0.29 from $0.23 prior qtrOutlookFinWise anticipates further decline in efficiency ratio FinWise expects continued growth from ne...Reuters
Thu, Jul 24
Stocks
Stock Market Today: Tesla Slumps 8.2% After Earnings, Musk Signals Rough Quarters
Tesla (NASDAQ: TSLA) closed down 8.2% at $305.30 on Thursday, retreating sharply after CEO Elon Musk's cautionary earnings commentary about "rough quarters ahead" amid macroeconomic and electric vehicle (EV) demand uncertainties.The decline stood in contrast to broader market performance, with the N...The Motley Fool
Thu, Jul 24
Other
Trump administration asks US Supreme Court to allow NIH diversity-related cuts
Researchers and 16 US states challenged NIH grant cutsCuts involve billions of dollars in research supportTrump targets diversity, equity and inclusion efforts By Andrew Chung July 24 (Reuters) - Donald Trump's administration asked the U.S. Supreme Court on Thursday to allow the governmen...Reuters
Thu, Jul 24
Other
Billionaire banker hit with legal fee lawsuit stemming from criminal case
By David Thomas July 24 (Reuters) - Venezuelan-Italian bank founder Julio Martin Herrera-Velutini is facing a lawsuit claiming he owes nearly $500,000 in legal fees to the attorneys who once represented him in a criminal case that originally included charges of bribery.U.S. law firm Kasowitz LLP ...Reuters
Thu, Jul 24
Other
Rithm Property Q2 earnings fall q/q
OverviewRithm Property Trust Q2 comprehensive income rises to $1.4 mln or $0.03 per share sequentiallyEarnings available for distribution falls to $0.1 mlnPaid common dividend at $0.06 per shareOutlookCompany highlights robust pipeline for future growthRithm Property Trust focuses on disciplined inv...Reuters
Thu, Jul 24
Stocks
OP Bancorp reports results for the quarter ended June 30 - Earnings Summary
OP Bancorp OPBK.OQ reported quarterly adjusted earnings of 42 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of two analysts for the quarter was for earnings of 38 cents per share. Wall Street ...Reuters
Thu, Jul 24
Other
Eastern Bank's Q2 revenue beats estimates, EPS rises
OverviewEastern Bank Q2 revenue of $244.9 mln beats analyst expectations, per LSEG dataAdjusted EPS for Q2 at $0.41, surpasses analyst estimates, per LSEG dataNet interest margin expands 21 basis points to 3.59% due to higher asset yieldsOutlookEastern Bank sees steady business pipelines despite eco...Reuters
Thu, Jul 24
Other
Inside Debt - July 24
To access a PDF version of this newsletter, please click hereYou can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-pageFor an index of our newsletters click on NE...Reuters
Thu, Jul 24
Other
Intel Says Investment In Intel 14A Will Be Based On Confirmed Customer Commitments, Memo Shows
July 25 (Reuters) - Intel Corp INTC.O:INTEL: WILL BE JUDICIOUS AND DISCIPLINED AS WE ALLOCATE CAPITAL TO FOUNDRY BUSINESS - MEMOINTEL: WILL BE RAMPING INTEL 18A AT SCALE - MEMOINTEL: GOING FORWARD, OUR INVESTMENT IN INTEL 14A WILL BE BASED ON CONFIRMED CUSTOMER COMMITMENTS - MEMOINTEL: WILL FOCUS AI...Reuters
Thu, Jul 24
Stocks
Eagle Financial Services Inc reports results for the quarter ended June 30 - Earnings Summary
Eagle Financial Services Inc EFSI.OQ reported quarterly adjusted earnings of 98 cents per share for the quarter ended June 30. The mean expectation of two analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 81 cents to 82 cents per share.Rev...Reuters
Thu, Jul 24
Other
Trump says he had 'good meeting' with Fed Chair Powell
WASHINGTON, July 24 (Reuters) - U.S. President Donald Trump said on Thursday he had a "good meeting" with Federal Reserve Chair Jerome Powell and that there was no tension in their discussion."I thought we had a good meeting. No, there was no tension," Trump told reporters. Trump tou...Reuters
Thu, Jul 24
Other
Lara Trump skips North Carolina US Senate race, clears way for Cooper versus Whatley
North Carolina among six competitive Senate races in 2024Democrats face challenges in Senate, better odds in House electionsBy Richard Cowan WASHINGTON, July 24 (Reuters) - President Donald Trump's daughter-in-law Lara Trump on Thursday said she would not run for the U.S. Senate in North Caro...Reuters
Thu, Jul 24
Other
Alpine Income Property Trust Q2 revenue beats estimates
OverviewAlpine Q2 revenue rises to $14.86 mln, beating analyst expectations, per LSEG dataCompany posts Q2 net loss of $1.64 mln, loss per share of $0.12Co, which is an owner and operator of single tenant net leased commercial income properties, invested $85.9 mln, sold $28.2 mln in assets during H1...Reuters
Thu, Jul 24
Other
PCB Bancorp Q2 net income rises on higher interest income
OverviewPCB Bancorp Q2 net income rises to $9.0 mln, compared to $6.1 million yoyQ2 EPS at $0.62, compared to $0.43 for the year-ago quarterNet interest income increases to $26.0 mlnOpened new full-service branch in Suwanee, Georgia, expanding footprintOutlookCompany sees positive momentum in balanc...Reuters
Thu, Jul 24
Stocks
Why Allegion Stock Soared on Thursday
Key PointsAllegion beat on both the top and bottom lines for the period.Its also raised its full-year guidance for 2025.10 stocks we like better than Allegion › Security products specialist Allegion (NYSE: ALLE) was popular with investors on Thursday, following its release of an encouraging quarterl...The Motley Fool
Thu, Jul 24
Other
Stmicroelectronics Says To Buy Nxp's Mems Business For Up To $950 Million
July 24 (Reuters) - STMicroelectronics NV STMPA.PA:STMICROELECTRONICS TO STRENGTHEN POSITION IN SENSORS WITH ACQUISITION OF NXP’S MEMS SENSORS BUSINESSSTMICROELECTRONICS NV - ST TO BUY NXP'S MEMS BUSINESS FOR UP TO $950 MILLIONSTMICROELECTRONICS NV - DEAL INCLUDES $900 MILLION UPFRONT, $50 MILL...Reuters
Thu, Jul 24
Other
Byline Bancorp Q2 net interest income rises
OverviewByline Bancorp Q2 net interest income rises 8.8% due to acquisition impactCompany completed acquisition of First Security Bancorp, boosting loan growthOutlookCompany expects continued momentum into second half of 2025Byline Bancorp sees market position as strong post-acquisitionResult Driver...Reuters
Thu, Jul 24
Commodities
US Cash Crude-Mars strengthens further after contamination issue resolved
July 24 (Reuters) - Cash price differentials for Mars Sour strengthened on Thursday, dealers said, after oil producer Chevron CVX.N said this week that zinc levels in the grade's production stream are now within expected levels after some contamination was identified in recent weeks.The start-up...Reuters
Thu, Jul 24
Cryptocurrencies
TON Foundation plans to partner with Kingsway Capital Partners to create a new Toncoin treasury company
The TON Foundation has announced plans to partner with Kingsway Capital Partners to create a new Toncoin treasury company. The joint entity is set to raise up to $400 million to advance the company’s Toncoin treasury operations. According to reports, the entity will treat TON as a core financial reserve, mirroring strategies seen in other […]Cryptopolitan
Thu, Jul 24
Other
Moelis' Q2 revenue up 38%, beats estimates
OverviewMoelis Q2 revenue rises 38% yr/yr, beating analyst expectations, per LSEG dataAdjusted EPS for Q2 beats consensus, driven by higher transaction feesCo maintains strong balance sheet with $474.9 mln in cash, no debtOutlookMoelis enters H2 2025 with a more favorable deal environmentCompany has...Reuters
Thu, Jul 24
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