Zions Financial News

When inflation goes up, it can do wonders for companies’ profits. But when it starts to cool, the wonder goes away. The Commerce Department last week reported that after-tax U.S.

For small businesses that rely on summer tourism to keep afloat, extreme weather is replacing the pandemic as the determining factor in how well a summer will go

Baird announced that a team of three advisors has joined the firm from Zions Wealth Advisors, where they oversaw more than $500 million in assets under management. Greg Aiken, Ben Blake and Jonathon Bult have joined Baird’swealth management office in Salt Lake City.

Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US banks, S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders.

As of Saturday morning, Hurricane Hilary was situated approximately 240 miles southwest of the southern tip of Baja California. The National Hurricane Center has categorized Hilary as a «large and powerful» storm, characterized by maximum sustained winds clocking in at 130 mph, as per a report in USA Today. Early on Saturday, the National Weather Service in San Diego noted that Hilary had accelerated and deviated slightly eastward in its trajectory. Consequently, the period with the most pronounced impacts from the hurricane is projected to span from Sunday morning until evening. In light of these conditions, the National Weather Service is advising residents to take precautions such as securing valuable items in and around their homes and refraining from driving on roads that are submerged due to flooding.

Hurricane Hilary is casting a shadow of concern across Southern California as the region prepares for significant heavy rainfall and the possibility of widespread flooding. The hurricane, which surged to category 4 status on Friday, is expected to maintain its hurricane status as it makes landfall on the West Coast of the Baja California peninsula on Saturday night. However, meteorologists predict its force will dwindle to that of a tropical storm as it advances toward Southern California on Sunday afternoon.

(Reuters) — Shares of U.S. banks dropped in premarket trading after a Fitch Ratings analyst told CNBC that the agency could downgrade several lenders, while a proposed rule change by a top banking regulator added to investor worries.

Midsize and small banks in the second quarter largely stabilized or even reversed the deposit exodus they suffered earlier this year. To do so, many had to rely on deposits that flowed through third-party brokers. Brokered deposits are a quick and easy way banks can bolster their balance sheets in a pinch.

By Pete Schroeder and Niket Nishant

Many investors entered the second-quarter earnings season expecting the worst for regional banks. But that didn’t materialize in the results released this week—at least not for the bigger players. Many banks, includingKeyCorp, Western Alliance Bancorp and Zions Bancorp, posted sharp profit declines.

Check out the companies making headlines in midday trading.

Check out the companies making headlines in extended trading.

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National park tourism is booming. But an idyllic adventure into the great outdoors can be derailed by overlooking an important aspect of trip planning: advance permits and reservations.

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PacWest Bankcorp led a relief rally in regional banks again on Monday, after the struggling lender slashed dividend to build capital amid the banking crisis.

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