Asia powers HSBC profit beat as trading arm struggles

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Asia powers HSBC profit beat as trading arm struggles

HONG KONG/LONDON (Reuters) – HSBC Holdings PLC beat forecasts with a 31 percent rise in first quarter profit, bolstered by a surge in income from its core Asian business and lower costs that outweighed a poor performance from investment banking.
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Trump Hails Steel Tariffs in Defiance of GOP Request to End Them

Republican senators said they warned President Donald Trump Thursday against imposing tariffs on auto imports and discussed alternatives that
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Fintechs want to become nationwide lenders, but they just hit a major roadblock

Online lending from the fintech sector is booming, prompting a legal duel between state and federal banking regulators. Getty Images/iStockphoto. A new court decision in the battle for oversight of fintech companies. By …
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HSBC beats estimates with 31 percent first-quarter profit rise as costs decline

HONG KONG/LONDON (Reuters) – HSBC Holdings PLC (HSBA.L) beat forecasts with a 31 percent rise in quarterly profit, bolstered by a surge in income from its core Asian business and lower costs due to the absence of legal and regulatory expenses borne …
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Tesla adds Lane Departure Avoidance that works when Autopilot is off

While Tesla continues to tout the benefits of its Autopilot driving assist and insist that true self-driving capability is close to release, its latest updates work even when Autopilot isn’t on. As described in a blog post, Lane Departure Avoidance and Emergency …
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