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Former NEC Director Gary Cohn on state of the economy, Trump's tariff agenda & Fed's inflation fight
CNBC Television· 2025-07-16 13:08
Joining us now, Gary Conn, IBM vice chairman, former director of the National Economic Council, joins us on set as he really should um exclusively um from time to time. Thank you, Joe. It's always nice to be here with you. Always good to see you.What an introduction, right. Yeah, you s I don't I don't Nice introduction. It's not nice to be It's No, it's not. It's not nice to be wanted that I want you here instead of somewhere else.It's not Would you rather say, "Gosh, I wish you were on another show." No, y ...
X @Litecoin
Litecoin· 2025-07-16 13:03
Litecoin is global.Luxxfolio Holdings (@LuxxfolioH):Good Morning!Luxxfolio’s latest financing saw participation from 125 investors across 14 regions worldwide, highlighting international interest in our Litecoin mission.Investor Locations:🇨🇦 Canada🇺🇸 USA🇦🇷 Argentina🇰🇾 Cayman Islands🇦🇪 UAE (Dubai)🇵🇦 Panama🇨🇭 Switzerland ...
Plumas Bancorp Reports Second Quarter 2025 Earnings
Globenewswire· 2025-07-16 13:00
Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. The company also completed the acquisition of Cornerstone Community Bancorp, which is expected to enhance its market presence and operational efficiency. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return on Assets and Equity - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025, compared to $2.2 million in Q2 2024 [3][47] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025, with $481 thousand attributed to merger-related costs [4][48] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13][15] - Total deposits increased by $62 million to $1.4 billion as of June 30, 2025, with significant increases in money market accounts and time deposits [17][20] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20][26] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million, representing 1.34% of total loans, up from 0.90% in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its operational capabilities and market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]
Round Table Pizza Opens New Location in San Marcos, Texas
Globenewswire· 2025-07-16 13:00
Leading Pizza Chain Continues Texas Expansion LOS ANGELES, July 16, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Round Table Pizza and 17 other restaurant concepts, has announced the opening of a new Round Table Pizza location in San Marcos, TX in partnership with Brame Brands. “Texas has become a significant cornerstone in the expansion of our brand, and the opening of our San Marcos location is a testament to Round Table Pizza’s continued growth strategy,” said D ...
Plumas Bancorp Reports Second Quarter 2025 Earnings
GlobeNewswire News Room· 2025-07-16 13:00
Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return Metrics - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025 from $2.2 million in Q2 2024 [3][49] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025 from $10.4 million in Q2 2024, with $481 thousand related to merger costs [4][50] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13] - Total deposits increased by $62 million, or 5%, to $1.4 billion as of June 30, 2025 [17] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million as of June 30, 2025, compared to $9.0 million in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]
X @Bloomberg
Bloomberg· 2025-07-16 12:36
France is set to cut the rate on its popular regulated savings products, following a recommendation from the central bank https://t.co/llkMBwoGdQ ...
McCartney: The disconnect between Wall Street and the real economy could pose a big risk
CNBC Television· 2025-07-16 12:04
I got to start off with the chip trade and the tech trade in general after ASML's warning. How are you viewing that warning and the impact on stocks in the pre-market. I mean we have seen a market that for you know years and years now has been dominated by the mag seven earnings and the AI story and big tech.Now some of big tech in a sense when you look at an Amazon a meta etc. although they are also big tech and the forwardlooking AI trade. So sort of the engine of growth for the future. In a sense, they'r ...
Bank of America puts up mixed results as net interest income misses analysts’ expectations
CNBC Television· 2025-07-16 11:20
And Bank of America is out with earnings and Leslie Picker gratefully uh joins us now uh with the numbers. It's good to see you too, Joe. Uh those shares down a little bit. Bank of America beating on the top line but missing or sorry, beating on the bottom line, missing on the top line in Q2. The firm also slightly missed estimates on net interest income in Q2. You can see shares up about half a percent. They were down when those numbers first crossed. But the uh BFA reaffirming fullear guidance for the loa ...
X @Bloomberg
Bloomberg· 2025-07-16 11:05
PNC beat expectations for second-quarter net interest income, helped by an increase in loan growth https://t.co/8nOSopbheP ...
Bank of America is about to report earnings – here's what to expect
CNBC· 2025-07-16 10:15
On top of that, analysts expect trading revenues to climb in the "mid to high single digits" to about $5 billion in the quarter, McDonald said. Meanwhile, the company gave guidance of a roughly 23% decline in investment banking fees in the quarter, but rival bank JPMorgan Chase saw a rebound in activity that bodes well for Bank of America. Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the ...