Japan’s megabanks post record profits, but analysts warn growth may slow as risks mount

Japan’s megabanks post record profits, but analysts warn growth may slow as risks mount

The yen gained on Wednesday following a rally in Japan’s equities and bets on more fiscally responsible policies after Prime Minister Takaichi’s election win. Yevgen Romanenko | Moment | Getty Images Japan’s largest banks posted record annual profits in their latest financial results, but earnings growth could slow as credit costs rise and geopolitical risks…

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Fintech firm Mercury hits $5.2 billion valuation after funding round

Fintech firm Mercury hits $5.2 billion valuation after funding round

Immad Akhund, CEO and co-founder of the startup Mercury. Courtesy: Mercury Technologies Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively. That valuation is 49% higher than the San Francisco-based company’s previous funding round just 14 months ago, bucking…

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China confirms order for 200 Boeing planes, calls aviation key area for U.S. cooperation

China confirms order for 200 Boeing planes, calls aviation key area for U.S. cooperation

CHONGQING, China — China’s Commerce Ministry on Wednesday confirmed an agreement to purchase 200 Boeing aircraft, as well as engines and spare parts. A Commerce Ministry official said aviation was key to deepening cooperation between China and the U.S. “In accordance with the important consensus reached by the Chinese and U.S. leaders, China’s aviation industry…

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Stocks making the biggest moves premarket: LOW, CAVA, TGT

Stocks making the biggest moves premarket: LOW, CAVA, TGT

Check out the companies making the biggest moves premarket: Lowe’s — Shares slipped almost 2% after despite the company slightly beating estimates for earnings and revenue in its first-quarter financial report. While the company reaffirmed its full-year guidance, it acknowledged a challenging macro housing market backdrop. Toll Brothers — The homebuilder added 3% after reporting…

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