In a highly anticipated financial report, Citigroup announced its fourth-quarter earnings on Wednesday morning, showcasing results that exceeded Wall Street expectations across both earnings and revenue metrics. The bank reported earnings of $1.34 per share, surpassing analysts’ predictions of $1.22, while revenue reached $19.58 billion, comfortably above the $19.49 billion forecast. Following this announcement, Citi’s
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In a remarkable step toward re-establishing humanity’s presence on the Moon, Firefly Aerospace, a Texas-based aerospace manufacturer, has embarked on its first lunar mission. On a recent early morning in Florida, the “Blue Ghost,” a cutting-edge cargo lander, was successfully launched into space aboard SpaceX’s Falcon 9 rocket. This groundbreaking mission, which has sparked a
As the United Kingdom’s economy continues to face various pressures, homeowners are bracing themselves for an unsettling reality: rising mortgage rates. Major lenders, like Virgin Money, have already initiated their first increase in two- and five-year fixed-rate mortgages, introducing a 0.2% hike that may set a worrying precedent for the coming months. This surge in
In a surprising turn of events, Eli Lilly has revised its revenue expectations downwards, announcing on Tuesday that it anticipates full-year revenue of approximately $45 billion for 2024. This figure represents a notable decrease from the previously projected range of $45.4 billion to $46 billion released in October. Although the new guidance indicates a substantial
CVS Health’s recent third-quarter earnings report has painted a complex picture for the once-dominant retail drugstore chain. Reporting its results for the first time under CEO David Joyner, the company revealed a significant struggle with rising medical costs that have impacted profitability. As a result, CVS has opted to withhold formal financial forecasts, indicating ongoing
Boeing’s performance in 2024 has been notably disappointing, with the company delivering a mere 348 aircraft to customers—significantly less than the previous year’s figures. This substantial decrease of about one-third highlights the challenges Boeing faces as it grapples with multiple crises, including a significant midair incident involving a door panel blowout and a machinist strike
The landscape of cryptocurrency investments is continuously evolving, and as 2025 approaches, the focus has shifted toward crypto exchange-traded funds (ETFs). The previous year saw the triumphant introduction of Bitcoin ETFs, which were hailed as one of the most remarkable launches in the ETF marketplace, attracting an astounding $36 billion in assets in their inaugural
The Biden administration has announced new federal student loan forgiveness measures that stand to affect over 150,000 borrowers, totaling approximately $4.2 billion in loan discharges. This announcement, occurring just days before President Biden’s term concludes, highlights both the administration’s commitment to addressing student debt as well as the complexities surrounding eligibility and qualifications for the
The Consumer Financial Protection Bureau (CFPB) has launched a significant lawsuit against Capital One, claiming that the bank has engaged in deceptive practices surrounding its savings account offerings. This controversy centers on the bank’s “360 Savings” account, which allegedly misled customers regarding interest rates, impacting consumers’ financial well-being. The CFPB contends that Capital One’s practices
Spain is currently grappling with a profound housing crisis, marked by soaring property prices, insufficient housing availability, and elevated rental costs. With urban centers transforming into hubs of speculation rather than homes, the situation has prompted the Spanish government to take decisive action. The recently proposed measures aim to directly address the issues stemming from