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21:16
Citi: Delays expectation of Fed rate hikes by one month to October
Citi Chief US Economist Andrew Hollenhorst stated in a report: "We continue to believe that weak employment data and cooling inflation will prompt the Federal Reserve to cut interest rates later this year, but we have postponed the timing of the next rate cut to October, as it may take more time for a consensus to be reached within the divided committee." Read more
21:16
South Plains Financial Inc. announced that its CEO, Curtis Griffith, will retire on December 31, 2026.
The company has initiated a process to search for a successor in order to ensure a smooth leadership transition. Until a new CEO is found and appointed, Mr. Griffith will continue to perform his duties. This announcement makes it clear that Mr. Griffith will step down as CEO, but does not mention any changes to the position of chairman.
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