Latest Financial services News
Troubled Boeing signals it may raise up to $25 billion to shore up finances
Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years of heavy losses. The company said in back-to-back regulatory filings that it could raise the cash over the next three years and enter into a new borrowing...
After hurricanes, the business of rebuilding lives means navigating the insurance claims process
Now that the threat of Hurricanes Helene and Milton has receded, millions of homeowners and business-owners across Florida and the Southeastern U.S. are faced with traversing the often long and laborious process of using insurance to rebuild their lives. “You’re just traumatized...
Why you shouldn't store your money in payment apps
NEW YORK (AP) — Connor Tomasko grew up wary of credit cards. As she taught herself more about managing money, she realized that many people also have bad habits when it comes to payment apps. Tomasko, 31, a freelance software consultant in Chicago, understands why people appreciate...
Citigroup: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Tuesday reported third-quarter net income of $3.24 billion. The bank, based in New York, said it had earnings of $1.51 per share. The results topped Wall Street expectations. The average estimate of eight...
Goldman: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Goldman Sachs Group Inc. (GS) on Tuesday reported third-quarter net income of $2.99 billion. The New York-based company said it had earnings of $8.40 per share. The results exceeded Wall Street expectations. The average estimate of...
Stock market today: Wall Street powers higher to more records
NEW YORK (AP) — Wall Street rolled to more records Monday as U.S. stocks added to their all-time highs. The S&P 500 climbed 0.8% to build on its record set on Friday. It’s coming off its fifth straight winning week and is on track for its longest weekly winning streak of the...
Hedge fund Elliott calls for Southwest shareholders to meet and vote on its slate of directors
The second largest shareholder of Southwest Airlines on Monday called for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline's board. Elliott Management, which has been highly critical of Southwest...
Stock market today: Wall Street rises to close its latest record-setting week as banks jump
NEW YORK (AP) — U.S. stocks rose to records Friday as big banks rallied following a run of reassuring profit reports. The S&P 500 climbed 0.6% to top its all-time high set earlier in the week and close out its fifth straight winning week, while the Dow Jones Industrial Average...
Hingham Savings: Q3 Earnings Snapshot
HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $5.8 million in its third quarter. The bank, based in Hingham, Massachusetts, said it had earnings of $2.66 per share. Earnings, adjusted for non-recurring gains,...
JPMorgan sets aside more money for potential bad loans but says consumers are on 'solid footing'
NEW YORK (AP) — JPMorgan's net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading. Net income fell to $12.9 billion from $13.2 billion in the year-ago...
