Central Pacific Financial Corp. (NYSE:) announced a net income of $12.9 million, or $0.48 per diluted share, for the first quarter of 2024, maintaining a strong credit quality with a minor increase in non-performing assets due to specific mortgage loans.The company’s total loan portfolio saw a slight decrease, and the…

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. TikTok is facing an existential crisis in America. If its Chinese owner fails to sell the app in the next year or so, it could…

Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying. US Durable Goods Orders were solid, but expectations for Fed rate cuts shift to later…

The U.S. Securities and Exchange Commission is looking to impose its steepest fine yet on a cryptocurrency project, a $5.3 billion penalty for Do Kwon and Terraform Labs, the man and company behind the fatally flawed algorithmic stablecoin that jumpstarted a multi-billion-dollar, industry-wide contagion event when it imploded two years…

The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level at the close of 2023. Gross domestic product, the sum of all goods and services produced across the sprawling…