Trade Desk shares tumble on earnings miss and weak outlook
Trade Desk’s growth struggles deepened in the second quarter, as the company posted an earnings and revenue miss combined with disappointing guidance.
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Capital city home prices post first quarterly decline in over three years
New data has shown that house and unit prices across the combined capitals fell for the first time across a quarter in more than three years, with Sydney continuing to lead the downturn. According to Domain’s June Quarter 2026 House Price Report, house prices fell 1.4 per cent to $17,489, while unit prices fell 1.2…
PNC is latest bank to say costs will rise alongside revenue
Key insight: Executives at both banks see major opportunities ahead, but expect to bear higher expenses in order to harness them. Supporting data: PNC raised its guidance for noninterest expense from up roughly 7% to up approximately 8.5%. Expert quote: “Some expenses, if you account for them as investments, they have very good returns, but…
Circle Receives Final OCC Approval to Establish National Trust Bank | LeapRate
Circle Internet Group, Inc. (NYSE: CRCL) has secured final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, marking a regulatory milestone for the company. The newly chartered entity, First National Digital Currency Bank, N.A., will operate under the name Circle National Trust. The approval places…
BoE leverage overhaul could free up $9bn for UK banks
BoE leverage overhaul could free up $9bn for UK banks – Risk.net Skip to main content End of drawer navigation content NatWest and Lloyds stand to benefit the most, while HSBC and StanChart face modest increases Major UK lenders could see their aggregate leverage capital requirement fall by more than $9.4 billion under the Bank…
Average fixed rates rise due to Middle East turmoil: Moneyfacts – Mortgage Strategy
The price of average fixed-rate mortgages rose this week due to renewed turmoil in the Middle East, according to the latest Moneyfacts rate watch. The average two-year fixed rate rose from 5.46% last week to 5.5% on 17 July, whereas the typical average five-year fix rose from 5.48% to 5.52%. Long-term fixed rates saw the…
Sideways Start is a Victory
This morning could have been much worse. The bond market could have continued spiraling on fear that it is now responsible for conducting monetary policy–something that sounds weird when you first read it, but is actually central to the discussion based on Warsh’s comments in yesterday’s press conference. In short, bonds tightened policy yesterday and…
