Category Archives:
Citigroup profit drops 36% as trading slump casts cloud over earnings
(Reuters) -Citigroup's profit tumbled 36% in the second quarter as weakness in the Wall Street bank's trading business blunted gains from its personal banking and wealth management unit. Wall Street t...
Jul 14, 2023
Brazilian union sues JBS over alleged exploitation of chicken workers
By Ana Mano SAO PAULO (Reuters) - A Brazilian labor union has accused JBS SA of submitting dozens of workers to "degrading conditions," according to a class action suit filed against the world's bigge...
Jul 14, 2023
Tesla’s Shanghai factory workers welcome bonus increase after record deliveries
SHANGHAI (Reuters) - Several workers at Tesla's Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonu...
Jul 14, 2023
Biden administration forgives $39 billion in student debt- CNBC
(Reuters) - U.S. President Joe Biden's administration will automatically cancel $39 billion in student debt for more than 800,000 borrowers, CNBC reported on Friday. "For far too long, borrowers fell ...
Jul 14, 2023
Firefighter injured in Peoria fire overnight. Here’s what we know
PEORIA, Ill. - It appears arson is to blame for a fire on S. Western in Peoria Thursday night. Crews were called just before midnight to a home in between W. Lincoln Avenue and W. Ann Street, after a ...
Jul 14, 2023
JPMorgan profit rises on higher interest income as First Republic lifts earnings
(Reuters) -JPMorgan Chase posted a 67% jump in profit for the second quarter on Friday as it earned more from borrowers' interest payments and benefited from the purchase of First Republic Bank. Share...
Jul 14, 2023
Wells Fargo profit rises on higher interest income from customers
(Reuters) - Wells Fargo's profit rose in the second quarter as it earned more in interest payments from customers. Net income rose to $4.94 billion, or $1.25 per share, for the three months ended June...
Jul 14, 2023
Kevin Spacey ‘misread the signs’ but did not assault man, actor tells London court
By Sam Tobin LONDON (Reuters) - Oscar-winning actor Kevin Spacey said on Friday he "definitely misread the signs" when he allegedly grabbed a man's crotch, as he faced prosecutors' questions at his Lo...
Jul 14, 2023
Mazda needs China strategy overhaul to keep up with market, CEO says
TOKYO (Reuters) - Japan's Mazda Motor needs to overhaul its strategy in China where it is fighting to keep up with "severe" competition from domestic players, the automaker's chief executive said on F...
Jul 14, 2023
BlackRock quarterly profit rises as more investors flock to its funds
(Reuters) -BlackRock Inc, the world's largest asset manager, posted a 25% rise in its second-quarter adjusted profit on Friday, benefiting from investors pouring money into its various market funds. O...
Jul 14, 2023
Peoria, IL, USA
54 °F Overcast
