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Category Archives: Uncategorized

Space company Momentus, once valued at more than $1 billion, is running dangerously low on money

Space company Momentus warned shareholders in a securities filing on Friday that the company is running out of money and does not have a financial […]

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FAA says it will audit Boeing’s production line after 737 Max 9 accident

The FAA’s announcement comes a week after a door plug blew out on an Alaska Airlines 737 Max 9.

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New York and California make retail theft a 2024 priority: ‘We mean business’

New York and California have named retail crime as a top priority in 2024 and are proposing new legislation and funding to tackle theft.

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Citigroup posts $1.8 billion fourth-quarter loss after litany of charges

Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank’s share price.

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Delta more than doubles fourth-quarter profit, but trims 2024 earnings forecast

Delta is the first of the major U.S. carriers to report earnings this period.

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Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge

Bank of America’s net income fell to $3.1 billion in the fourth quarter from $7.1 billion a year ago.

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Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.

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Airline stocks tumble after Delta trims profit forecast

Airline stocks including Delta, United, American and Southwest were all down Friday.

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JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues

JPMorgan is watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.

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Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul

Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.

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