Delta Air Lines (DAL) Q4 2023 earnings
Delta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive record revenue in 2023. CEO Ed Bastian said continued strong travel demand could boost earnings this year. Still, the company cut its full-year profit outlook from a previous forecast, and the stock fell 9% […]
SEC weighing ‘additional measures’ after hacked post on bitcoin ETF approval
The Securities and Exchange Commission on Friday said that a social-media post on X falsely stating that it had approved spot bitcoin exchange-traded funds was created after an “unauthorized party” obtained control over the phone number connected with the agency’s account on the platform. The markets regulator said its staff would “continue to assess whether […]
Airline stocks tumble after Delta trims profit forecast
Delta Air Lines shares slipped about 9% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 per share for 2024. Other major airlines including United, American and Southwest also fell on the new estimate, released alongside quarterly […]
Bank of America’s stock slides 1% as earnings almost halve from a year ago
Bank of America Corp.’s stock fell 1% Friday, after the bank posted a steep decline in quarterly profit from a year ago and revenue that fell short of estimates. Bank of America BAC, -1.06% said its fourth-quarter net income declined to $3.1 billion, or 35 cents a share, for the quarter, from $7.1 billion, or […]
Citigroup cutting 10% of workforce in CEO Fraser’s overhaul
Citigroup CEO Jane Fraser at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Adam Galica | CNBC Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price. About 20,000 employees will be let go over the “medium term,” New York-based […]
My parents want to pay off my mortgage, and move into my rental. Is this risky?
Recently, my parents sold their condo to fulfill their long-standing desire to live in my downtown condo, offering them greater convenience for shopping, socializing with friends, and fostering a stronger connection to the community. My parents propose to use the proceeds from their condo sale to pay off my mortgage, an amount that precisely matches […]
Citigroup (C) earnings 4Q 2023
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking […]
Astrobotic’s Peregrine moon mission for NASA falls short
Astrobotic’s Peregrine lunar lander is seen during preparations for launch near NASA’s Kennedy Space Center in Florida. United Launch Alliance Pittsburgh-based Astrobotic’s inaugural lunar mission suffered a malfunction shortly after launch, and the company is calling off the landing attempt. It would have been the first U.S. moon landing in more than 50 years. Astrobotic […]
Tesla reportedly cuts prices of two models in a tough China market where BYD rules
Tesla Inc. has reportedly reduced prices on two models in China, where it faces stiff competition from rivals such as BYD and is grappling with a continued difficult economic backdrop. Tesla TSLA, -2.87% cut starting prices on its Model 3 sedan by 5.9% and its Model Y sport-utility vehicle to 2.8%, according to reports Friday […]
Home prices surge, Detroit gains beat Miami
A “For Sale” sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared to the same month a year […]
