Comerica Financial News

In this article

Green Day's Saviors Tour concert at Comerica Park in Detroit on Wednesday night (Sept. 4) was paused unexpectedly when the band abruptly ran offstage due to a drone spotted hovering within sight of the stage. Stadium security pulled the band offstage to deal with the potential safety issue, which was resolved by the Detroit Police Department (DPD). The band returned after about 10 minutes to resume the show for nearly 41,000 fans in attendance. Reliable sources confirmed to Billboard that the drone was unauthorized, prompting the sudden exit. After a few minutes of confusion, the video screens displayed a message stating, «Show Pause. Please standby for details.» When the band returned to the stage, frontman Billie Joe Armstrong addressed the crowd, asking, «How you doing? We’re gonna pick up where we left off.” He also requested that fans put away their cell phones, saying, “Pull ’em out later. Let’s be here right now.”

Comerica Wealth Management CIO John Lynch on the expected 2024 job revisions, his expectations for Federal Reserve Chairman Powell's Jackson Hole speech, where to allocate capital, and Target earnings.

The pan-European STOXX 600 closed 0.5% higher, with all the major regional bourses also ending in positive territory.

A national registered investment advisor has launched its own trust company to further expand its service offering to clients.

Raymond James has augmented its advisory network in the Southern US market as a former Ameriprise advisor jumps ship in Florida.

Higher-for-longer interest rates are continuing to weigh on Main Street banks. Regional banks posted steep profit declines in the first quarter and predicted more pain ahead. The results underscore the uneven toll that two years of higher interest rates have taken on regional banks, which tend to have plain-vanilla businesses taking in deposits and making loans.

By Niket Nishant

The stock market has been surging this year, but investors had started out 2024 with a lot of money in cash products, Ameriprise executives said during the firm’s earnings call Thursday.

At the start of the new year, companies typically convene General Meetings where the dividend payments to shareholders are often determined.

The Federal Reserve has kept interest rates in the 5.25% to 5.5% range — a 22-year high — but most officials penciled in three rate cuts in 2024 in projections released Wednesday after their two-day meeting.

Among the many challenges small businesses face as they try to grow these days, getting a loan is right near the top

In this article

By Lananh Nguyen, Nupur Anand and Pete Schroeder

Investing.com — The Dow closed slightly higher Monday as a resurgence in Treasury yields kept upside momentum in check ahead of remarks from Fed officials and a slew of corporate earnings due this week.   

SlateStone Wealth Chief Market Strategist Kenny Polcari discusses how the robust September jobs report could impact the Fed's inflation battle on 'Varney & Co.'

Ameriprise Financial Thursday announced a big hike in its adjusted profits for the third quarter and and attributed the success to a significant expansion in client assets and a surge in assets under management.

The average rate on the benchmark 30-year home loan rose for the seventh straight week, making a significant hurdle for prospective homebuyers

Regional banks suffered a steep sell-off Friday after a number of weak quarterly earnings reports highlighting the negative impact from higher interest rates soured investor sentiment toward the industry.

Investing.com — U.S. futures fell Friday, weighed by rising bond yields and concerns surrounding escalating geopolitical tensions in the Middle East.

In this article