Funding & Business

Regional Banks’ Torrid Rally Draws Bearish Bets as Earnings Loom

Published

8 hours ago

July 10, 2025

A breakout rally in the shares of US regional banks may be setting investors up for disappointment, according to some Wall Street strategists, who recommend betting on a pullback in the sector as earnings season gets underway.

The SPDR S&P Regional Banking ETF (KRE), an exchange-traded fund that tracks the performance of Main Street lenders, is up more than 8% over the last month, nearly double the S&P 500 Index’s gains over the same period. Tailwinds for the sector include the prospects of an M&A boom, an easier regulatory environment and expectations of higher-for-longer interest rates.

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Related Topics:banking Earnings environment ETF JULY SARL/CAEN KEYCORP Markets Regulation S&P 500 Index SUSQUEHANNA INTERNATIONAL GR Wall Street

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Funding & Business

Macquarie-Backed LNG Developer WaveCrest in Limbo as Staff Exits

Published

47 minutes ago

July 10, 2025

Ruth Liao

All of the staff have departed from WaveCrest Energy, a Macquarie-backed company near Houston launched to develop liquefied natural gas import projects abroad.

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Funding & Business

Trump Says 50% Levy on Copper to Take Effect Aug. 1

Published

1 hour ago

July 10, 2025

The Editors

President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances.
The higher-than-expected levy was signaled by Trump in comments to reporters on Tuesday, but the president took to Truth Social late Wednesday to confirm the start date — and blamed previous administrations for the decline of America’s copper clout.
“This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity,” Trump said. “America will, once again, build a DOMINANT Copper Industry.”
Bloomberg’s Joe Deaux reports. (Source: Bloomberg)

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