Author: Admin

Home Depot Earnings Put Garden Sales and Housing Demand in Focus

Standard Chartered on Tuesday announced it would cut more than 15% of its corporate functions roles by 2030, while setting higher medium-term profitability targets.The workforce reduction is part of the lender’s efforts to raise income per employee by around 20% by 2028, StanChart said. According to its 2025 annual report, corporate function roles include employees in human resources, corporate affairs and supply chain management. Of its roughly 82,000 employees, about 52,000 work in support roles, while the remainder are classified as part of its business workforce.The lender also aimed for a 15% return on tangible equity in 2028, up more than three percentage…

The AI rally continued this earnings season. But companies building the underlying hardware powering the boom warned that the Iran war is putting pressure on their supply chains and profitability. A spiraling conflict in the Middle East has seen oil prices skyrocket and supply chains crucial to the tech sector hamstrung. Shortages of key chipmaking materials, including helium, are expected as the U.S. and Iran remain locked in a standoff.TSMC, which manufactures Nvidia chips, said the situation in the Middle East could impact its profitability, with prices for certain chemicals and gases likely to increase. Foxconn, the world’s largest contract…

Long Island workers making their way into New York City grappled with long commutes Monday as the region’s rail road entered its third strike day. (Source: Bloomberg)

When Spirit Airlines shut down before dawn on May 2, work for pilot Steve Giordano was just beginning.Giordano, managing partner of the Nomadic Aviation Group, told CNBC he organized a massive repossession of more than 20 Spirit planes that lessors wanted returned. In just over a week, he said he and his team ferried 23 Spirit planes from airports around the country to the Arizona desert. Just hours earlier, those bright yellow Airbus jets had been flying Spirit customers.Giordano, who runs Nomadic with co-founder Bob Allen, was starting to hear in the late morning on May 1 that his team…

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued two final rules on national banks’ and federal savings associations’ real estate lending powers related to the payment of interest on funds held in escrow accounts. The OCC’s actions emphasize federal preemption as a critical tool for reducing unnecessary burden, enabling local and national prosperity, and unleashing economic growth. The OCC is codifying longstanding powers of national banks and federal savings associations to establish or maintain real estate lending escrow accounts and to exercise flexibility in making business judgments as to the terms and conditions of such accounts, including…

Blockchain technology is often praised for one defining feature: transparency. Every transaction is recorded, timestamped, and publicly accessible. At first glance, this feels like the ultimate form of truth in financial systems.But here’s the uncomfortable reality:On-chain data is transparent, not truthful.That distinction matters more than most people in crypto want to admit.Transparency ≠ TruthBlockchains show what happened, not why it happened.A wallet sends funds. A protocol shows inflows. A token spikes in volume. All of this is visible on-chain.But none of them answer:Who is behind the wallet?What was the intent?Was the activity organic or coordinated?Is the behavior sustainable or artificially…

The earnings season has revived investors’ interest in artificial intelligence trades. Robust spending and strong demand for AI infrastructure have reinforced analysts’ confidence in several stocks. Top Wall Street analysts can help investors choose the right stock with strong long-term prospects, as these experts assign their ratings after evaluating all key aspects of a company’s business and the macro backdrop. Here are three stocks favored by some of Wall Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.Advanced Micro DevicesChip giant Advanced Micro Devices impressed investors with its market-crushing first-quarter results and solid guidance. The…

Ryanair has prepared for an “armageddon situation,” amid the jet fuel crisis, the budget airline’s chief financial officer told CNBC Monday.”Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass. As things stand, we’re operating a full schedule this summer, and plan to operate a full schedule into the winter period,” Neil Sorahan told CNBC’s Ritika Gupta in an interview. “I think we will see some of the weaker carriers who were already struggling before the war possibly go to the wall in the winter,” Sorahan said. Shares…

U.S. stock-index futures fell and crude prices rose on Sunday, after the market’s rally stalled last week as oil prices rose sharply amid the impasse in the war with Iran.