Exclusive-Citi breached a rule meant to keep banks safe, made liquidity reporting errors
By Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) – Citigroup repeatedly breached a U.S. Federal Reserve rule that limits…
Category: Business
Carvana shares surge on robust 2024 core profit forecast
(Reuters) – Shares of Carvana surged nearly 13% in premarket trade a day after the used car retailer forecast annual…
Arm outlook disappoints Wall Street, shares dive 13%
By Max A. Cherney -Arm Holdings will not exceed Wall Street revenue expectations this quarter from the artificial intelligence frenzy,…
PayPal’s turnaround plan faces challenges from competition, analysts say
By Niket Nishant and Manya Saini (Reuters) -As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a…
US FTC fines CarShield $10 million for deceptive ads, including by celebrities
By Jonathan Stempel (Reuters) -CarShield agreed on Wednesday to pay $10 million to settle U.S. Federal Trade Commission charges of…
Pinterest plunges as gloomy forecast dampens revenue rebound hopes
(Reuters) – Pinterest shares tumbled more than 12% premarket on Wednesday after a muted third-quarter outlook dashed Wall Street’s expectations…
CrowdStrike down after report Delta Air to seek compensation over IT outage
(Reuters) – Shares of CrowdStrike fell more than 4% in premarket trading on Tuesday after a report Delta Air Lines…
Amazon under second investigation in Milan for tax evasion, sources say
MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources…
Warner Bros Discovery sues NBA over bid for broadcast rights
(Reuters) – Warner Bros Discovery and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National…
Netflix’s ex-film head Stuber ties with Amazon MGM to revive United Artists
(Reuters) – Amazon MGM Studios has entered a multi-year film partnership with Scott Stuber, the former longtime head of films…