Labour called SNP first minister John Swinney ‘shameless’ for claiming credit when it was the result of king’s US visit Donald Trump’s announcement that he will lift punishing US tariffs on scotch whisky has been overshadowed by a row between rival Scottish party leaders over claiming credit for the decision. The whisky industry and business leaders were delighted by the US president’s sudden anno...
Labour called SNP first minister John Swinney ‘shameless’ for claiming credit when it was the result of king’s US visit Donald Trump’s announcement that he will lift punishing US tariffs on scotch whisky has been overshadowed by a row between rival Scottish party leaders over claiming credit for the decision. The whisky industry and business leaders were delighted by the US president’s sudden announcement on his Truth Social network on Thursday that he would end the tariffs to mark the visit by King Charles and Queen Camilla. Continue reading...
Earnings Call Insights: Southside Bancshares, Inc. (SBSI) Q1 2026 Management view CEO Keith Donahoe said the quarter included “strong linked quarter loan growth of 2.7%,” “earnings per share of $0.78,” and “an improved NIM of 3.01%,” adding that “lower funding costs resulted in a $441,000 linked quarter increase in net interest income.” Donahoe tied funding cost relief to capital actions, saying, ...
Earnings Call Insights: Southside Bancshares, Inc. (SBSI) Q1 2026 Management view CEO Keith Donahoe said the quarter included “strong linked quarter loan growth of 2.7%,” “earnings per share of $0.78,” and “an improved NIM of 3.01%,” adding that “lower funding costs resulted in a $441,000 linked quarter increase in net interest income.” Donahoe tied funding cost relief to capital actions, saying, “Our funding costs benefited from the February 15 redemption of approximately $93 million of subordinated debt, which had an interest rate of 7.51%,” and added, “Second quarter funding costs will also benefit from this redemption.” On growth expectations, Donahoe said, “Although we experienced strong first quarter loan growth, we continue to target mid-single digits for 2026 loan growth due to an expected return to elevated payoffs for the remainder of the year.” CFO Julie Shamburger reported, “For the first quarter, we reported net income of $23.3 million,” and added, “Deposits increased slightly by $9.3 million or 0.1% on a linked-quarter basis.” Chief Treasury Officer Suni Davis said, “We expect to reinvest future cash flows from the securities portfolio into AFS MBS and maintain the balance of securities at approximately $2.7 billion to $2.8 billion.” Outlook Donahoe reiterated, “We continue to target mid-single digits for 2026 loan growth,” while noting payoffs are expected to normalize given construction assets “going through the roll-off cycle.” Shamburger provided an expense run-rate view: “For the second quarter of 2026, we anticipate non-interest expense of approximately $40.5 million for the remaining quarters.” Davis discussed rate sensitivity versus internal assumptions: “Our budget included 2 short-term rate cuts of 25 basis points, one in June and another in September,” and added, “Should rates remain at quarter end levels through year-end, we expect a positive impact on the NIM versus budget as we are asset sensitive.” Financial results Shamburger said, “Dil...
Soluna Holdings ( SLNH ) has regained compliance with Nasdaq minimum bid price requirements. The company met the rule by maintaining a closing share price of $1.00 or higher from April 14 to April 29, 2026. Nasdaq has officially closed the matter following the compliance confirmation.
Soluna Holdings ( SLNH ) has regained compliance with Nasdaq minimum bid price requirements. The company met the rule by maintaining a closing share price of $1.00 or higher from April 14 to April 29, 2026. Nasdaq has officially closed the matter following the compliance confirmation.
primeimages/E+ via Getty Images The following segment was excerpted from the Invesco International Growth Fund Q1 2026 Commentary . Portfolio positioning We initiated five positions during the quarter, all of which we will discuss in the future. We exited eight positions during the quarter. We sold OBIC Business Consultants ( OBBCY ) and Rightmove ( RTMVF ) due to concerns about AI-driven disrupti...
primeimages/E+ via Getty Images The following segment was excerpted from the Invesco International Growth Fund Q1 2026 Commentary . Portfolio positioning We initiated five positions during the quarter, all of which we will discuss in the future. We exited eight positions during the quarter. We sold OBIC Business Consultants ( OBBCY ) and Rightmove ( RTMVF ) due to concerns about AI-driven disruption for these established platforms that could be susceptible to compression of pricing power over the long term. Accenture ( ACN ) is a global professional services firm that provides consulting, technology implementation and outsourcing services to large enterprises and governments. We sold the position due to uncertainty about large language models and automation that could reshape traditional consulting and systems-integration work. Daikin Industries ( DKILY ) is a global manufacturer of air conditioning, heating, refrigeration and climate control systems for residential, commercial and industrial use. Weaker housing and construction demand has reduced new installations and large project activity for DAIKIN. We sold the position because we see other opportunities with what we consider more attractive risk/reward profiles. EssilorLuxottica ( ESLOF ) is the world's leading eyewear company, combining the manufacture of ophthalmic lenses with iconic frame brands and retail distribution. The fund has been a long-time holder of EssilorLuxottica and we maintain a favorable view of the company. However, we sold the position because the company has been facing near-term consumer headwinds. We prefer other investment opportunities with more favorable risk/reward profiles in the current environment. LVMH Moët Hennessy Louis Vuitton ( LVMHF ) is a French luxury brand owner and manager, and in our opinion, one of the best in the business. While we maintain a favorable view of the company, we currently prefer to allocate capital to other opportunities in the luxury space that we belie...
A man who is believed to have struck a 17-year-old high school student in the face with a hammer in Tokyo earlier this week was arrested on Friday after a manhunt on suspicion of attempted murder, according to local police. Teruyuki Takabayashi, 44, was apprehended in Narashino, Chiba Prefecture after allegedly attacking the boy between 7.15am and 7.25am on Wednesday in Fussa, a suburban area in w...
A man who is believed to have struck a 17-year-old high school student in the face with a hammer in Tokyo earlier this week was arrested on Friday after a manhunt on suspicion of attempted murder, according to local police. Teruyuki Takabayashi, 44, was apprehended in Narashino, Chiba Prefecture after allegedly attacking the boy between 7.15am and 7.25am on Wednesday in Fussa, a suburban area in western Tokyo. The boy was part of a group of seven teenagers hanging around a nearby restaurant at...
ronniechua/iStock via Getty Images Iran has passed its most recent written proposal for peace talks with the U.S. to Pakistan, which is acting as a mediator, according to media reports Friday. Details of the proposal were not disclosed. Oil ( USO ) ( BNO ) prices retreated after the news, with U.S. crude oil futures ( CL1:COM ) sliding 1.3% to $103.75 per barrel at 8:54 a.m. ET. Still, energy pric...
ronniechua/iStock via Getty Images Iran has passed its most recent written proposal for peace talks with the U.S. to Pakistan, which is acting as a mediator, according to media reports Friday. Details of the proposal were not disclosed. Oil ( USO ) ( BNO ) prices retreated after the news, with U.S. crude oil futures ( CL1:COM ) sliding 1.3% to $103.75 per barrel at 8:54 a.m. ET. Still, energy prices remain elevated amid worries over a prolonged conflict while just a trickle of oil gets through the Strait of Hormuz. An Axios reporter wrote on X that Iran transferred its response to the U.S. amendments to the draft deal to end the war to the U.S. on Thursday through Pakistani intermediaries, citing a regional source. Iranian state media also reported the news. Meanwhile, the U.S. and Iran continue to lock horns in a prolonged standoff, with President Donald Trump reaffirming his commitment to a naval blockade of Iranian ports despite surging oil prices and global economic concerns. The U.S. Central Command has reportedly requested to deploy the Dark Eagle long-range hypersonic missile to the Gulf region for possible use against Iran. Tehran has refused to open up the strait unless the U.S. lifts its blockade of Iranian ports. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the Markets Fragmentation Within OPEC+: UAE Exit Signals Structural Shift In Oil Market Dynamics The UAE Leaves OPEC: Here's What It Could Mean Hard Assets Weekly: Bigger, Better, And Stronger Than Ever Before U.S. seeks to deploy hypersonic missile for possible use against Iran - report Trump says Hormuz blockade is 'incredible,' even as gas prices touch multi-year highs
(RTTNews) - Stocks may move to the upside in early trading on Friday, extending the rally seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.
(RTTNews) - Stocks may move to the upside in early trading on Friday, extending the rally seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.
(Bloomberg) -- Yen traders are on watch for signs of further action by Japanese authorities after intervention triggered the currency’s sharpest rally in three years on Thursday. Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep Ri...
(Bloomberg) -- Yen traders are on watch for signs of further action by Japanese authorities after intervention triggered the currency’s sharpest rally in three years on Thursday. Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesJapan likely spent around ¥5.4 tr
Investing.com -- BCA Research is upgrading equities and downgrading cash, arguing that the artificial intelligence investment boom remains the dominant force driving economic growth even as the Strait of Hormuz closure weighs on consumers globally.
Investing.com -- BCA Research is upgrading equities and downgrading cash, arguing that the artificial intelligence investment boom remains the dominant force driving economic growth even as the Strait of Hormuz closure weighs on consumers globally.