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Participants Curtis Chatman Farmer; Chairman, CEO & President; Comerica Incorporated James J. Herzog; CFO & Senior EVP; Comerica Incorporated Kelly Gage; Senior VP & Director of IR; Comerica Incorporated Melinda A. Chausse; Senior EVP & Chief Credit Officer; Comerica Incorporated Peter L. Sefzik; Senior EVP & Chief Banking Officer; Comerica Incorporated Bernard Von Gizycki; Research […]

Cocoa prices have doubled as extreme weather has battered supplyGetty Images Cocoa futures topped a new high on Thursday, hitting over $10,770 a ton. Supply stress is behind the price gains, with more to come as Nigeria prepares for flooding. Production is forecast to fall short of demand by 374,000 metric tons this season. Cocoa […]

&quotThe internet is fickle,” Nierman told BI.JOSH EDELSON/Getty Images; Nathan Howard/Getty Images Mark Zuckerberg has overtaken Elon Musk as the world’s third-richest person, with a $175 billion fortune. Zuckerberg has gained $47 billion in wealth this year while Musk has lost $55 billion, according to data from Bloomberg. The shift in wealth has been driven […]

New manager Kate Gittins said her ambition was to return the market to its former success [BBC] Traders have expressed optimism that their town’s markets are improving, after changes to the way they were managed. Shropshire Council took direct control of the indoor and outdoor markets in Market Drayton at the start of the month. […]

(Reuters) – Loar Holdings is aiming for a valuation of up to $2.28 billion in its initial public offering in the United States, the aerospace parts manufacturer said in a filing on Wednesday. Loar said it was targeting to raise up to $286 million by offering 11 million shares at a price range of $24 […]

Nigel Farage said the behaviour of banks was a ‘disgrace’ – Omar Havana/Getty Images Barclays has been accused of trying to ‘kill cash’ with plans to strictly limit how much customers can deposit. From July, an annual limit of £20,000 will apply to the amount of cash which can be paid into Barclays personal accounts, […]

House prices are stabilising while rents are hitting new records, according to official figures. The average UK house price fell by 0.2% in the 12 months to February, slowing from a decrease of 1.3% in the 12 months to January. Across the UK, the average house price was £281,000, the Office for National Statistics (ONS) […]

MILAN (Reuters) – Ferrari’s new assembly facility, its so called ‘e-building’, in its Maranello hometown in northern Italy, will give the luxury sportscar maker capacity to expand its offer of electrified cars in coming years, its CEO said on Wednesday. The e-building will be inaugurated on June 21, Ferrari Chief Executive Benedetto Vigna told investors […]

Remortgaging 2024 While the mortgage market has calmed down significantly compared to the volatility seen last year, it’s not guaranteed that rates will continue to fall – some lenders, in fact, have increased rates a little since the start of the year. This is due to the expectation that the Bank of England might hold […]

French firm and Gatwick Airport owner Vinci has struck a deal to buy a majority stake in Edinburgh Airport for around £1.27 billion. Global Infrastructure Partners (GIP) has agreed to sell a 50.01% stake in the Scottish airport to French infrastructure group Vinci Airports. GIP, which has owned the airport since 2012, said it will […]

<img class="caas-img has-preview" alt="United Airlines had to cancel hundreds of flights because of the three-week grounding of Boeing 737 Max 9 aircraft.Photograph: Miguel Rodriguez/Reuters” src=”https://s.yimg.com/ny/api/res/1.2/W7EmYlgqqK4EwXlFXb.dgg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU3Nw–/https://media.zenfs.com/en/theguardian_763/8ed271f50ca61b7b336a74344a683345″ data-src=”https://s.yimg.com/ny/api/res/1.2/W7EmYlgqqK4EwXlFXb.dgg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU3Nw–/https://media.zenfs.com/en/theguardian_763/8ed271f50ca61b7b336a74344a683345″> United Airlines had to cancel hundreds of flights because of the three-week grounding of Boeing 737 Max 9 aircraft.Photograph: Miguel Rodriguez/Reuters United Airlines has blamed a $200m (£161m) hit […]

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email UK inflation slowed to 3.2 per cent in March, down from 3.4 per cent as price rises continued to slow, easing pressure on households in the cost of living crisis. The figures released […]

REUTERS/Brendan McDermid The S&P 500 just flashed a bullish signal that suggests a 19% gain by August 2025, according to Bank of America. The bank highlighted the stock market’s 12 consecutive months of positive year-over-year gains.  The signal suggests that equities still have a bullish backdrop despite weakness in April. A bullish signal just flashed […]

By Stella Qiu SYDNEY, April 17 (Reuters) – Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on U.S. rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on […]

The “Portuguese Gold” sardines cost $44.Kylie Kirschner Gold could hit $3,000 per ounce in the next six to 18 months, a 25% jump from its current price, says Citi. Iran’s weekend strike on Israel has driven up demand as investors flock to safe assets. Citi sees increased prospects for a pullback in May or June, […]

Hermès is one of the world’s best-known — and most expensive — luxury retailers, with products on the brand’s website ranging from hundreds to thousands of dollars. However, a new lawsuit against the company is opening debate over whether customers have a legal right to buy Hermès’ products.  The lawsuit, filed in California on March 19, revolves […]

What happened About 28% of U.S. houses with three or more bedrooms are owned by baby boomers living alone or with another adult, while millennials with children own 14% of such homes, Redfin found in a recent analysis of 2022 census data. And most Americans 60 and older don’t intend to ever move, according to […]

By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter […]

(Updates at 0200 GMT) SINGAPORE, April 15 (Reuters) – The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar went up 1.6% against a basket of six major currencies last week after a […]

Lei Jun first set his Chinese smartphone firm Xiaomi up as an “Apple copycat”, said the Financial Times – and just over a decade later, he has stolen a crucial march on the US giant.   Apple recently scrapped its “decade-long, multibillion-dollar project” to build an electric vehicle (EV); but “Lei Jobs” (as he is […]

MADRID (Reuters) – The International Monetary Fund raised its forecast for Spain’s economic growth this year to 1.9% from 1.5% on Friday, citing the country’s “strong resilience” amid a general weakening in the euro zone. The IMF said the higher growth should be driven by increased domestic consumption, the effects of the European Union’s post-pandemic […]

By Manya Saini and Tatiana Bautzer (Reuters) – Citigroup’s profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank […]

Passengers board an easyJet plane Holidaymakers travelling from Gatwick on easyJet and Tui flights have been warned that they will have no access to food or drink in the coming weeks as catering staff go on strike. The Unite union said a series of walkouts by airline provider Dnata’s catering staff will take place from […]

• An opinion piece credited the following quote to the German-American philosopher Hannah Arendt: “It is when the experience of powerlessness is at its most acute, when history seems at its most bleak, that the determination to think like a human being, creatively, courageously, and complicatedly matters the most.” These words were by Lyndsey Stonebridge, […]

The Duchess of Sussex has worked on projects with children that involve gardening – MATT SAYLES The Duke and Duchess of Sussex are working on two series with Netflix based around gardening, cooking and professional polo, it has been reported on Thursday. The couple are said to have agreed to the projects as part of […]