Year: 2024

Spot bitcoin ETF issuers compete on fees for market share

• Business

Spot bitcoin ETF issuers compete on fees for market share

Reuters January 12, 2024

(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11,...

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JPMorgan’s annual profit surges to record even as quarterly net income dips

• Business

JPMorgan’s annual profit surges to record even as quarterly net income dips

Reuters January 12, 2024

By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase reported its best-ever annual profit and forecast...

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Citi to cut 20,000 jobs, posts $1.8 billion loss in ‘disappointing’ quarter

• Business

Citi to cut 20,000 jobs, posts $1.8 billion loss in ‘disappointing’ quarter

Reuters January 12, 2024

By Tatiana Bautzer and Manya Saini -Citigroup said it would cut 20,000 jobs over the next two...

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Bank of America profit falls on one-off charges, shares slide

• Business

Bank of America profit falls on one-off charges, shares slide

Reuters January 12, 2024

By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Bank of America’s profit shrank in the fourth...

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Delta cuts 2024 profit outlook on higher costs, economic risks; shares fall

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Delta cuts 2024 profit outlook on higher costs, economic risks; shares fall

Reuters January 12, 2024

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Friday scaled down its profit outlook for...

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BlackRock strikes $12.5 billion deal for Global Infrastructure Partners

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BlackRock strikes $12.5 billion deal for Global Infrastructure Partners

Reuters January 12, 2024

NEW YORK/LONDON (Reuters) -BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion...

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US FAA launches probe of Boeing 737 MAX 9 after mid-air panel incident

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US FAA launches probe of Boeing 737 MAX 9 after mid-air panel incident

Reuters January 12, 2024

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration is launching a formal investigation into the...

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Wall Street little changed after inflation, labor market data

• Business

Wall Street little changed after inflation, labor market data

Reuters January 11, 2024

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed little changed on Thursday as news of hotter-than-expected...

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Stocks flat to down after CPI data; Treasury yields ease

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Stocks flat to down after CPI data; Treasury yields ease

Reuters January 11, 2024

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were flat to lower on Thursday as data...

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Microsoft briefly overtakes Apple as world’s most valuable company

• Top News

Microsoft briefly overtakes Apple as world’s most valuable company

Reuters January 11, 2024

By Aditya Soni (Reuters) -Microsoft on Thursday briefly overtook Apple as the world’s most valuable company for...

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