Striking Boeing workers and their supporters picket outside the Boeing Co. manufacturing facility in Renton, Washington, on Sept. 16, 2024. Yehyun Kim | AFP | Getty Images Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer…
Brian Moynihan, CEO of Bank of America Heidi Gutman | CNBC Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate The bank said Tuesday that net income fell 12%…
The Citibank building in Canada Square at the heart of Canary Wharf financial district in London on May 7, 2024. Mike Kemp | In Pictures | Getty Images Citigroup is set to report its third-quarter earnings before the opening bell on Tuesday, as investors will get the latest updates about the progress of CEO Jane…
They are slimy on the outside, firm and spongy on the inside and surprisingly combustible. And in recent months, they have been washing up on the shores of Newfoundland. The depths of the Atlantic have long held mysteries, but the riddle of the mysterious white “blobs” spotted on the beaches of the eastern Canadian province…
A Chinese propaganda image dispersed during Monday’s military drills around Taiwan was supposed to send a positive message to the island’s people, but instead has been decried as weird, creepy, and akin to “sexual harassment”. On Monday China targeted Taiwan with major military exercises, surrounding its main island and outer territories with planes and ships…
A Chinese propaganda image dispersed during Monday’s military drills around Taiwan was supposed to send a positive message to the island’s people, but instead has been decried as weird, creepy, and akin to “sexual harassment”. On Monday China targeted Taiwan with major military exercises, surrounding its main island and outer territories with planes and ships…
Jasper Juinen | Bloomberg | Getty Images The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan. Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time. The…
The under-pressure builder Bellway has hailed the government’s planning system revamp, arguing it will “unlock” new housing across the country, as councils received £68m to construct thousands of homes on disused brownfield sites. In comments released as it reported a sharp fall in revenues and profits, the UK housebuilder said the drive by the deputy…
Shares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. The company’s stock had edged up near 9% at 8:28 a.m. London time, before lightly paring gains to 7.6% at 9:52 a.m. Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion…
Keir Starmer has twice refused to rule out a rise in employers’ national insurance contributions in the budget, stressing Labour’s manifesto promise was that it would not raise taxes on working people. His words came as the chancellor, Rachel Reeves, gave a strong hint on Monday that the rise was in her sights at the…
