Cathie Wood, the CEO and Chief Investment Officer of Ark Invest, revealed that the most common question on their website is why their strategies cannot be purchased in Europe. In an interview with CNBC’s “ETF Edge,” Wood stated that the demand for Ark’s research strategies from Europe accounts for approximately 25% of the total demand….
Signage displaying the name of Comerica Bank branch in Torrance, California, on March 13, 2023, adds to the gloomy outlook for regional banks. Regions Financial, a lender based in Birmingham, Alabama, reported a 6.5% decline in net interest income (NII) compared to the previous quarter. The bank anticipates a further drop of 5% in NII…
Supply-Chain Reliability Issues Plague Wind Energy Giants Ahead of Quarterly Earnings Reports As major players in the wind energy sector prepare to release their quarterly earnings reports, concerns over supply-chain reliability have taken center stage. Siemens Energy made headlines earlier this year when it abandoned its profit forecast and issued a warning about costly failures…
Job cuts are on the horizon for the largest American banks as they face pressure from various economic factors. Despite the economy’s resilience, lenders have been reducing headcount due to higher interest rates affecting the mortgage business, decreased Wall Street deal-making, and rising funding costs. Company filings reveal that the five largest U.S. banks have…
