Boeing to raise as much as $25 billion to shore up balance sheet
Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist strike and problems throughout its aircraft programs. “This universal shelf registration provides flexibility for the company to seek a variety of […]
Bank of America (BAC) earnings Q3 2024
Brian Moynihan, CEO of Bank of America Heidi Gutman | CNBC Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate The bank said Tuesday that net income fell 12% […]
Whether you vote for Harris or Trump, it’s a sure bet the stock market will thrive
Inflation could be a problem, but real growth and profits should be robust.
Goldman Sachs (GS) earnings Q3 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $6.89 per share, according to LSEG […]
Get ready for another mutual fund with a hedge-fund-style strategy. What investors need to know.
Eckhardt Trading Co., founded by longtime managed-futures trader Bill Eckhardt, is branching out into the mutual fund world with a strategy often associated with hedge funds.
Southwest’s stock falls after activist calls special meeting to elect new board
Southwest Airlines’ stock took a turn lower Monday, after activist investor Elliott Investment Management called for a special meeting to give shareholders a chance to elect “a completely independent” board of directors.
Trump or Harris? 2024 stakes for America’s businesses
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and […]
SpaceX Starship rocket launch: Flight 5 catches booster
The Super Heavy booster lands on the company’s launch tower during the fifth Starship flight on Oct. 13, 2024. SpaceX SpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket’s more than 20-story tall booster. The achievement marks a major milestone toward SpaceX’s goal […]
Waller says Fed should ‘proceed with more caution’ in cutting U.S. interest rates
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates.
Boeing factory strike crosses 1-month mark as pressure mounts on CEO
Boeing Machinists union members picket outside a Boeing factory on September 13, 2024 in Renton, Washington. Stephen Brashear | Getty Images It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have only risen since then. The strike is […]
