HSBC reported a first-quarter pre-tax profit of $9.37 billion, slightly below analyst expectations and down from $9.48 billion a year earlier. The profit was impacted by increased expected credit losses linked to the Gulf conflict, rising to $1.3 billion, including fraud-related exposures in the UK. Despite this, net operating income rose to $18.62 billion, driven by stronger wealth management and net interest income. HSBC maintained its 2028 return on tangible equity target and raised its 2026 net interest income guidance to around $46 billion, while declaring a stable dividend of $0.10 per share.
Coinbase analysts have a neutral outlook on Bitcoin for Q3 2026, noting it is transitioning from a corrective phase to accumulation but facing macroeconomic and geopolitical risks. Bitcoin has recovered from a yearly low but struggles to reclaim key ...
Crude oil prices surged to $89.31 per barrel, marking a 55% gain year-to-date and reaching levels not seen since May. This rise is fueled by ongoing geopolitical tensions, particularly involving Iran and the Houthis, suggesting prolonged market volat...
Brent and WTI crude oil futures fell sharply on Friday following reports that Pakistan is facilitating U.S.-Iran talks, prompting profit-taking after a strong five-day rally driven by Middle East supply risks. Despite the dip, both contracts remain n...
Lockheed Martin reported a strong quarter with 7% underlying sales growth and a record $230 billion backlog, leading to raised guidance. The Missiles & Fire Control segment drives growth through new multi-year contracts, though margin expansion remai...
XRP price remains under pressure near $1.09, trading below key moving averages and showing bearish technical signals like a low RSI. Despite this, Ripple is expanding its institutional offerings with the new Ripple Mint platform and growing stablecoi...
