Category: Shrink
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US bank profits to shrink on interest income, focus shifts to Fed cuts By Reuters
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Written by Nupur Anand NEW YORK (Reuters) – JPMorgan Chase and Wells Fargo began reporting sector earnings on Friday, with investors expected to focus on the big banks’ net interest income forecasts after strong jobs data fueled uncertainty about the future path of the federal funds rate. Sale. Both banks…
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GameStop shares tumble after CEO says store network will shrink By Reuters
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Written by Susan McGee and Priyanka J (Reuters) – GameStop (NYSE:) shares fell on Monday after CEO Ryan Cohen told investors that the video game retailer plans to operate a smaller network of stores, but did not provide details about what it intends to do with its pile of cash.…
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BlackRock reports first outflows as Bitcoin ETFs shrink 20% since March
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The 10 U.S. Bitcoin ETFs Continue to Crash. On Wednesday, outflows from all ETFs were recorded for the first time, piling up the largest losses since trading began in January, with $563.7 million exiting funds, according to CoinGlass data. The latest numbers have been declining for about two months. In…