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Zions leans on rate hikes as fee income falls and expenses rise

The Salt Lake City company benefited during the second quarter from the Federal Reserve’s rate increases, partially offsetting higher expenses and falling noninterest income.

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North American Morning Briefing: Amazon.com, Snap Premarket Gains to Boost Broader Indexes

North American Morning Briefing: Amazon.com, Snap Premarket Gains to Boost Broader Indexes
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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GM, Ford see semiconductor shortage lasting into 2022

NEW YORK: General Motors and Ford reported lower profits Wednesday as a global semiconductor crunch dented sales, prompting both US auto giants to caution that shortages would persist into 2022.

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Semiconductor shortage to extend well into 2022, US carmakers predict

Carmakers warn the semiconductor chip shortage could last well into 2022, but the situation is expected to improve in the second half.

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