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Hong Kong Banks Borrow Most Short-Term Cash in Five Years as Equities Boom

Hong Kong banks borrow record short-term cash amid surging local equity demand, with HKMA lending HK$5.5 billion through discount window.

James Hardie Industries PLC Reports $141.7M Profit in Fiscal Q3

James Hardie Industries PLC (JHX) reported fiscal third-quarter profit of $141.7 million, with earnings per share of 33 cents. Adjusted earnings came to 36 cents per share, on revenue of $953.3 million.

Lyft: Downgraded to Sell as Competition From Uber Intensifies

Lyft faces intense competition from Uber, threatening its margins and limiting growth potential. Analysts downgrade Lyft to sell, with only 1 sell rating out of 46. Uber's response to Lyft's innovations and new services raises concerns about Lyft's ability to maintain market share. Autonomous vehicle companies also pose risks to Lyft's business model.

Gladstone Commercial Corp. Reports Q4 FFO

Gladstone Commercial Corp. (GOOD) reported a key measure of profitability in its fourth quarter, with funds from operations of $15.3 million, or 35 cents per share. Revenue was $37.4 million.

BrightSpire Capital Reports Wider Loss in Q4

BrightSpire Capital, Inc. (BRSP) reported a fourth-quarter loss of $19.7 million, matching Wall Street expectations. Adjusted earnings were 18 cents per share, and revenue was $54.3 million. For the year, the company reported a loss of $132 million, and revenue was $90.9 million. Colony Credit shares have increased almost 6% year-to-date.

Warren Buffett’s STZ Stake Sends Constellation Brands Soaring

Constellation Brands (STZ) stock jumps 4.2% after Warren Buffett's Berkshire Hathaway reveals a position in the company. Is now the time to buy STZ? Access our full analysis report for free.

HSBC to Sell Bahrain Operation in Restructuring

HSBC to sell Bahrain retail operations as part of wider restructuring

Americans Struggle with Debt Year-Round, Not Just Post-Holidays

Digging out of debt used to be a New Year's tradition, but that may be disappearing because borrowers now need help throughout the year for pricey car loans and ballooning credit card debt.

Low-Cost Airlines: Erode Model, Bleak Future

The low-cost airline business model is eroding as costs soar, and passengers opt for more comfort. Spirit Airlines has rejected a $2.16 billion acquisition proposal from Frontier, while JetBlue stock has tumbled after disappointing investors with its 2025 outlook.

Top US and Russian Officials Meet in Saudi Arabia to Discuss Ukraine War

Saudi Arabia hosts talks between top US and Russian officials to discuss ending the Ukraine war, without Ukrainian participation. The meeting aims to explore possibilities for a summit between Trump and Putin next week.