Bank of America profit beats on strength across businesses

Bank of America profit beats on strength across businesses

Bank of America Corp (BAC.N) beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter. Growth in loans and leases, higher spending on credit and debit cards, and strong equity-trading and M&A activity helped the bank record a 64% rise in earnings. Net interest income (NII), which measures how profitably a bank can lend out depositors’ funds, rose nearly 10% to $11.09 billion. Bank of America’s NII hit a low in the third quarter last year, but…

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Germany’s Exolaunch expands business operations in North America

Germany’s Exolaunch expands business operations in North America

Exolaunch, a provider of launch, deployment, and in-space transportation services, has expanded its business operations and sales in North America by opening offices in Denver, CO and Washington, DC. To lead its US operations (Exolaunch, Inc. doing business as Exolaunch USA), capture new market opportunities, and continue business growth in the region, Exolaunch USA has hired aerospace executive Chris Hearsey as its chief executive officer. Having doubled sales globally, compared to last year, in 2022 Exolaunch is expecting to further increase its sales and keep its high launch rate by…

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U.S. business inventories rise solidly, but auto stocks fall

U.S. business inventories rise solidly, but auto stocks fall

U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production. Business inventories rose 0.6% after a similar gain in July, the Commerce Department said on Friday. Inventories are a key component of gross domestic product. August’s increase was in line with economists’ expectations. Inventories increased 7.4% on a year-on-year basis in August. Retail inventories gained 0.1% in August as estimated in an advance report published last month. That followed…

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Dallas Cowboys Top List of Most Valuable U.S. Sports Franchises: Data Viz

Dallas Cowboys Top List of Most Valuable U.S. Sports Franchises: Data Viz

The Toronto Maple Leafs are the NHL’s most valuable franchise at $2 billion, according to Sportico’s report, released last Thursday. It’s a price that few individuals in the world could pay. That said, the least valuable NFL franchise, the Cincinnati Bengals, is still worth 20% more than the Maple Leafs, which is only the 59th most valuable team in a North American sports league. In fact, all 32 NFL franchises are among the top 50 in both value and revenue. Every NFL team benefits from the league’s lucrative media rights…

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Danica Patrick joins Sky Sports F1 team for United States GP

Danica Patrick joins Sky Sports F1 team for United States GP

Motor racing icon Danica Patrick is joining Sky Sports F1 for her home United States GP this weekend. Patrick, widely renowned as the most successful woman in the history of American open-wheel racing, will be part of our bumper punditry team providing analysis on all the action from Austin, Texas. “I’m really excited,” said Patrick, one of motorsport’s greatest-ever female drivers, who called time on a remarkable career in 2018. “I love the fact that we’ve got Lewis trying to be the GOAT with most wins, most poles and most…

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Female athletes stand up for abortion rights

Female athletes stand up for abortion rights

Megan Rapinoe, Sue Bird and Diana Taurasi are among more than 500 U.S. female athletes who have petitioned the Supreme Court. The state of Mississippi wants to ban the right to abortion in the U.S. More than 500 female athletes, coaches and sports associations have written to the U.S. Supreme Court, the highest court in the U.S., in support of the right to abortion. Without the right to terminate a pregnancy, “the physical stresses of forced pregnancy and childbirth would undermine athletes’ ability to reach their full potential,” the letter…

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Swedish finance minister tipped to become country’s first female PM

Swedish finance minister tipped to become country’s first female PM

Magdalena Andersson is favourite to become Sweden’s prime minister when her Social Democrat colleague Stefan Lofven steps down in November, but major challenges face the current finance minister if she is to keep the top job longer than a few months. If Andersson is picked to head her party in November, she is likely to become Sweden’s first female prime minister – 40 years after neighbour Norway got its first woman leader and more than 60 years behind Sri Lanka, which was the first country to do so. Yet staying…

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Spain’s PM Sanchez pledges 206 million euros for volcano-hit La Palma

Spain’s PM Sanchez pledges 206 million euros for volcano-hit La Palma

Spain will provide 206 million euros ($239 million) to help the island of La Palma recover from its volcanic eruption, Prime Minister Pedro Sanchez said on Sunday. “Next Tuesday, the cabinet will approve a package of very powerful measures” to assist in areas such as infrastructure reconstruction, water supply, employment, agriculture and tourism, he told a news conference during a visit to the island. Red-hot lava exploded high into the air from La Palma’s volcano on Sunday night as the eruption gathered force, hours after Prime Minister Pedro Sanchez said…

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France rules against tighter curbs on porn websites on legal technicality

France rules against tighter curbs on porn websites on legal technicality

A French court on Friday, citing a legal technicality, rejected a claim brought by two children’s associations that aimed to tighten access to some of the world’s biggest porn websites. Through their complaint against France’s top telecom firms, the groups had hoped to block or further restrict children’s access to nine top porn sites, including PornHub and Xvideo But the judge rejected the claim because the court had not been able to hear arguments from the sites’ publishers, according to the country’s telecoms trade body. “It was unfortunately a loss…

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Italy to start Covid-19 ‘green pass’ rule, irrespective of protests in Rome

Italy to start Covid-19 ‘green pass’ rule, irrespective of protests in Rome

What started off as a restless but peaceful demonstration against the looming measure in Rome’s Piazza del Popolo ended up sparking a tinderbox when an offshoot of protesters stormed the headquarters of CGIL, Italy’s oldest and biggest labor union.  Thousands of protesters including members of far-right groups demonstrated in central Rome on Saturday against the extension of the Covid-19 health pass system to all workplaces. There were scuffles with police as the demonstrators took aim at the health pass, which has been a requirement to enter museums, sporting events, and…

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