Citigroup first-quarter profit rises 31 percent Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled. More
Hyundai, Kia recalling 1.9 million vehicles Korean automakers Hyundai and Kia are initiating one of their largest recalls ever – or more precisely, three separate service actions announced today that involve 1.9 million vehicles sold in the U.S. market since late 2006. More
Judge questions fairness of Citigroup $590 million settlement A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. More
Citigroup profit hit by more than $2 billion in charges Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under new Chief Executive Michael Corbat, who said the bank needs to do better for shareholders. More
New Call For Citi Split, Investor Says Bank Can Recoup $50B Valuation Gap Since the financial crisis Citigroup has managed to firm up its balance sheet and fence off most of the toxic assets that brought the bank to its knees. Some shareholders want the firm to go further though, and the latest call for a breakup comes from an unlikely source. More
Berkshire's cash soars to $325 billion, Buffett sells Apple, Bank of America Nov 2 (Reuters) - Warren Buffett and Berkshire Hathaway (BRKa.N) extended their retreat from stocks in the third quarter, further slashing holdings in Apple (AAPL.O) and boosting cash to a record $325 ... 11/2/2024 - 5:25 am | View Link
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a ... 11/2/2024 - 3:14 am | View Link
Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September. 11/2/2024 - 2:12 am | View Link
Speaker Mike Johnson is pulling closer to Trump to save the GOP's House majority As House Speaker Mike Johnson travels the country trying to save his House Republican majority, he has linked ever more tightly to former President Donald Trump. 10/31/2024 - 6:30 am | View Link
Competing Visions for U.S. Auto Industry Clash in Presidential Election, With the EV Future Pressing at the Border As Chinese electric vehicle maker BYD puts down roots in Mexico, Harris pledges “the next generation of breakthroughs” will be built in the U.S. Trump promises gasoline vehicles “for a long, long time ... 10/29/2024 - 10:07 pm | View Link
Warner Bros. Discovery CEO David Zaslav wanted to merge his company with Paramount. Michael M. Santiago/Getty ImagesDavid Ellison, Larry Ellison's son, is set to take over Paramount. Not David Zaslav, the CEO of Warner Bros. Discovery. Zaslav wanted a deal to happen. He spent months talking to Paramount about it, according to a new SEC filing.
Amazon CEO Andy JassyMichael Buckner/Variety via Getty ImagesAmazon, Google, Meta, and Microsoft are expected to churn through $300 billion in capex next year. The spending spree is driven by generative AI and LLM opportunities, says Morgan Stanley. Amazon's capex estimate jumped the most as AI cloud demand grows. Amazon, Google, Meta, and Microsoft are expected to invest about $300 billion in capital expenditures next year, and 2026 should be even bigger, according to new estimates by Morgan Stanley.
Regent Seven Seas, Explora Journeys, Silversea, and Seabourn are all owned by different cruise giants. Here's how some of their ships compare in dining, amenity, and cabin options. Brittany Chang/Business Insider, Explora JourneysCruise giants Royal Caribbean, Carnival, Norwegian, and MSC each own ultra-luxury cruise lines. I've been on their brands' Silversea, Seabourn, Regent Seven Seas, and Explora's ships.
Adam Feuerstein allows his kids to curse and talk openly about sex at home. Courtesy of Adam FeuersteinAdam Feuerstein has six kids ranging in age from 15 to 25. He has a policy of putting everything on the table all the time. He doesn't censor the kids, leading to many open and honest conversations.
Iranian-made missile parts bound for the Houthis after they were intercepted by US forces. U. S. Central Command via AP, FileThe Houthis possess a sizable arsenal of weapons, including missiles and drones. The Yemeni rebels couldn't have done that without foreign help, according to a new UN report. The Houthis have used these weapons to target ships in the Red Sea and Gulf of Aden.
Lyle and Eric Menendez in 1989, the year they murdered their parents. Ronald L. Soble / Los Angeles Times via Getty ImagesIn the lucrative world of true crime entertainment, the 1989 murders of Jose and Kitty Menendez by their adult sons Lyle and Erik still loom large. Three decades since the brothers' televised trial captivated the nation, they've been the subject of multiple made-for-TV movies, documentaries, a "Saturday Night Live" parody, podcast episodes, and, most recently, Ryan Murphy's controversial Netflix series "Monsters."But amid a sea of Menendez content, Alejandro Hartmann's new Netflix documentary has one thing most Menendez docs don't: both brothers telling their story in their own words."The Menendez Brothers," released on Netflix in October, features more than 20 hours of interviews conducted with Lyle and Erik during their incarceration at the Richard J.