Many U.S. regional banks posted steep drops in first-quarter profits and warned that the future looks no brighter.
Author: admin (Kendrick Williams)
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THE UNITED STATES OF REPLACISM
Cities and towns across America are cutting services to citizens, in order to fund housing, healthcare and other benefits to Illegals, who continue to over-run America’s borders.
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SPOTLIGHT: BIGS GETTING BIGGER
Schneider Electric, a French software and automation company, is in discussions to buy Bentley Systems, a U.S. firm that designs software and provides services in design, construction, and operation of infrastructure.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy grew by 5.3 percent, year on year, according to the National Bureau of Statistics (NBS).
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TOP TREND 2023: EV GO FU
In 2023, 41 percent of Americans told a Gallup poll they would not buy an electric vehicle (EV).
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TOP TREND 2024: BANKS GO BUST
U.S. banks will set aside even more capital to cover failing loans in commercial real estate (CRE) while they try to sell more of those loans, often at steep discounts, Reuters reported.
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TOP TREND 2023: OFFICE BUILDING BUST
In March, 625 commercial real estate (CRE) properties were foreclosed in the U.S., 6 percent more than in February and 117 percent more than a year earlier, according to real estate data service ATTOM.