In the thick of a housing and homelessness crisis, hundreds of San Diego apartments are off the market – off limits to San Diegans, set aside for tourists as.
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Mexico's Grupo Financiero Banorte reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units. Despite the gains, Banorte still missed an estimate of analysts polled by Refinitiv with earnings per share at 4.539 pesos in the three months to June versus the Refinitiv estimate of 4.61 pesos. Net interest income (NII), the difference between what banks earn on loans and dole out in deposits, grew 5% year-over-year as the loan book expanded and interest rates were hiked, despite a hit on inflation-indexed securities.