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.
Continue readingNew 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.
Continue readingCitigroup 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.
Continue readingDelta 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.
Continue readingBank 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.
Continue readingWells 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.
Continue readingAirline stocks tumble after Delta trims profit forecast
Airline stocks including Delta, United, American and Southwest were all down Friday.
Continue readingJPMorgan 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.
Continue readingCitigroup 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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