by iwd | Jul 19, 2024 | Business
By Niket Nishant(Reuters) -American Express’s second-quarter revenue jumped 9% to a record $16.33 billion on the back of robust spending from its wealthy customers but still fell short of expectations, sending shares of the credit card giant down 4.4%.Known for...
by iwd | Jul 19, 2024 | General
By Martin Coulter, James PearsonLONDON (Reuters) -A global tech failure disrupted operations across multiple industries on Friday, halting flights and upending everything from banking to healthcare systems. WHAT HAPPENED?CrowdStrike, a U.S. cybersecurity company with...
by iwd | Jul 19, 2024 | Business
By David Shepardson(Reuters) -Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, and owes another $459.7 million in outstanding penalties, government documents seen by Reuters...
by iwd | Jul 17, 2024 | Business
(Reuters) – Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million from a stock exchange deal with Visa.Hopes of a soft landing for the...
by iwd | Jul 17, 2024 | Business
By Harshita Mary Varghese(Reuters) – Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting events including the Euro...
by iwd | Jul 17, 2024 | Business
(Reuters) – Shares of chipmakers fell more than 4% before the bell on Wednesday amid reports of possible tighter restrictions on supply of advanced technology to key market China and comments on Taiwan from Republican presidential nominee Donald Trump. The U.S....
by iwd | Jul 17, 2024 | General
By Michelle PriceWASHINGTON (Reuters) – Capital One will commit $265 billion over five years to lending, philanthropy and investment if its takeover of Discover Financial Services goes through, the bank said on Wednesday, as it aims to appease critics and win...
by iwd | Jul 16, 2024 | General
WASHINGTON (Reuters) – Billionaire Elon Musk has said he plans to commit around $45 million a month to a new pro-Trump super political-action committee, the Wall Street Journal reported on Monday, citing people familiar with the matter.Musk had indicated that he...
by iwd | Jul 16, 2024 | Business
By Yadarisa Shabong and Martin Coulter(Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection AI and its partnership with the startup, it said on Tuesday.Over the past...
by iwd | Jul 16, 2024 | Business
(Reuters) – UnitedHealth on Tuesday raised its estimates for a hit to earnings this year from a February hack at its tech unit, as it rolls out loans to healthcare providers and records higher expenses from notifying affected customers. Shares of the company...
