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Wall Street banks had a great quarter, and the boom times are just starting

Wall Street banks had a great quarter, and the boom times are just starting

Business News

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O’Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders’ […]

Wall Street banks had a great quarter, and the boom times are just starting Read More »

Investors pitch new international basketball league that would offer players equity

Investors pitch new international basketball league that would offer players equity

Business News

Maverick Carter, co-founder and chief executive officer of The SpringHill Company, during the USC Next Level Sports Conference in Los Angeles, California, US, on Thursday, Oct. 17, 2024.  Kyle Grillot | Bloomberg | Getty Images A group of high powered investors want to raise billions to form a new international basketball league, according to people

Investors pitch new international basketball league that would offer players equity Read More »

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Business News

A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “We are executing on plans to rightsize our organization to align with our current fleet

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble Read More »

Target says its holiday sales were better than expected — but its profits weren’t

Target says its holiday sales were better than expected — but its profits weren’t

Business News

Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York.  Lindsey Nicholson | Getty Images Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer

Target says its holiday sales were better than expected — but its profits weren’t Read More »

Bank of America reports fourth-quarter earnings before the bell

Bank of America reports fourth-quarter earnings before the bell

Business News

Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024.  Cyril Marcilhacy | Bloomberg | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: 77 cents a share, according to

Bank of America reports fourth-quarter earnings before the bell Read More »

Medicare’s new ,000 cap on out-of-pocket drug costs could save enrollees thousands, AARP says

Medicare’s new $2,000 cap on out-of-pocket drug costs could save enrollees thousands, AARP says

Business News

Most Medicare patients who hit the new $2,000 cap on out-of-pocket spending for prescription drugs could see massive savings, despite changes in premiums, according to a report released Thursday by AARP.  The findings suggest the cap could be a huge benefit to older adults in Medicare who struggle to afford high-cost drugs for cancer, rheumatoid

Medicare’s new $2,000 cap on out-of-pocket drug costs could save enrollees thousands, AARP says Read More »

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’

Business News

A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights. The lawsuit follows a

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’ Read More »

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