Flights canceled, delayed as weather, Max 9 grounding disrupt travel
A screen displays flight information at Des Moines International Airport, in Des Moines, Iowa, U.S., January 12, 2024. REUTERS/Marco Bello Marco Bello | Reuters Airlines canceled more than 3,000 U.S. flights Friday as they grappled with winter weather and the grounding of Boeing 737 Max 9 planes. Storms in the Midwest helped drive more than […]
These small-cap managers’ stock picks crushed the indexes last year
If you’re looking to add some kick to your retirement portfolio, here are 12 investments that do not seem obviously worse than anything else: the Sprott Physical Silver PSLV and Gold PHYS trusts, Canadian food company Lassonde LAS.A, +0.18%, Hong Kong-based pork giant WH Group WHGLY, +2.14%, power utility Avista AVA, +0.59%, telecom-software company Amdocs DOX, +0.51%, […]
Wells Fargo (WFC) earnings Q4 2023
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year. “As we look forward, our business performance remains sensitive to interest rates and the health of the U.S. economy, but we are confident […]
Kalen DeBoer takes over at Alabama: Did NIL play a role in Saban’s retirement?
University of Washington football coach Kalen DeBoer coach will replace Nick Saban as Alabama’s head coach after Saban abruptly retired with six years and $71.8 million remaining on his contract, according to ESPN. Saban, 72, is walking away from a Crimson Tide program with which he has won the most national titles in college football […]
Bank of America (BAC) earnings Q4 2023
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, adjusted vs. 68 cents expected. Revenue: $22.1 billion vs. $23.74 billion expected. Bank of America […]
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 […]
