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Month: September 2024

Sam Bankman-Fried’s jury only saw ‘half the picture,’ lawyer says in appeal

Posted on September 13, 2024September 13, 2024 by Financial Edge Daily

By Luc Cohen (Reuters) – The jury that convicted Sam Bankman-Fried of stealing billions of dollars from customers of his FTX cryptocurrency exchange only saw “half the picture” because the judge did…

Delta seeks to delay resuming four daily US flights to China

Posted on September 13, 2024September 13, 2024 by Financial Edge Daily

WASHINGTON (Reuters) – Delta Air Lines on Friday asked the U.S. Transportation Department to allow it to delay resuming four daily flights to China, citing ongoing challenges in the market. The U.S….

Trump: No more debates with Kamala Harris

Posted on September 12, 2024September 12, 2024 by Financial Edge Daily

(Reuters) -Republican Donald Trump said on Thursday he would not participate in another presidential debate against his Democratic rival Kamala Harris ahead of the Nov. 5 election, as several polls showed that…

Occidental’s 1PointFive secures funding of up to $500 million from US DOE

Posted on September 12, 2024September 12, 2024 by Financial Edge Daily

(Reuters) – Occidental Petroleum’s carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy’s Office of Clean Energy Demonstrations has committed up to $500 million to support…

SpaceX employee, billionaire conduct first private spacewalk in Polaris mission

Posted on September 12, 2024September 12, 2024 by Financial Edge Daily

By Joey Roulette and Gerry Doyle WASHINGTON (Reuters) -Two astronauts from a SpaceX capsule in Earth’s orbit carried out the world’s first private spacewalk on Thursday, tethered to the Crew Dragon spacecraft…

FAA administrator to testify before Senate panel on Boeing oversight

Posted on September 12, 2024September 12, 2024 by Financial Edge Daily

WASHINGTON (Reuters) – The head of the Federal Aviation Administration will testify on Sept. 25 before the Senate Permanent Subcommittee on Investigations on the planemaker’s oversight of Boeing, a committee aide told…

Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry

Posted on September 10, 2024September 10, 2024 by Financial Edge Daily

(Reuters) – Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its initial public offering, clouding the Microsoft-backed cybersecurity…

JPMorgan shares slide on more cautious outlook for interest income

Posted on September 10, 2024September 10, 2024 by Financial Edge Daily

By Nupur Anand and Pritam Biswas NEW YORK (Reuters) -JPMorgan Chase shares fell about 6% after the bank’s president on Tuesday tempered expectations about its income from interest payments. President and Chief…

How Harris’ and Trump’s tax and spending plans affect US debt

Posted on September 10, 2024September 10, 2024 by Financial Edge Daily

By David Lawder WASHINGTON (Reuters) – Vice President Kamala Harris and Republican opponent Donald Trump have floated new tax breaks and spending plans, as they try to win votes by persuading Americans…

GameStop reports decline in revenue as online purchases hit videogame retailer

Posted on September 10, 2024September 10, 2024 by Financial Edge Daily

(Reuters) – Videogame retailer GameStop reported a fall in second-quarter revenue on Tuesday, as consumers moved away from traditional brick-and-mortar stores to online purchasing. The company has been struggling with declining sales…

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