Business News

Biggest U.S. Banks Earn Billions, Even After Insurance Bill

The nation’s largest banks are churning out profits as interest rates remain high, even though the lenders have had to set aside billions of dollars to replenish a deposit insurance fund that was heavily depleted by a crisis among midsize banks last spring. Profits for the fourth quarter of 2023 reported on Friday by JPMorgan […]

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FAA says it will audit Boeing’s production line after 737 Max 9 accident

A plastic sheet covers an area of the fuselage of the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft outside a hangar at Portland International Airport on January 8, 2024 in Portland, Oregon.  Mathieu Lewis-rolland | Getty Images The Federal Aviation Administration on Friday said it will audit Boeing‘s production line a week after a

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Stacked Bodies and maggots discovered at neglected Colorado funeral home, FBI agent says

New report details grisly discoveries at Colorado funeral homes, recommends tougher regulation New report details grisly discoveries at Colorado funeral homes, recommends tougher regulation 04:06 Investigators who entered a Colorado funeral home where nearly 200 abandoned bodies were found encountered stacks of partially covered human remains, bodily fluids several inches deep on the floor and

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JPMorgan Chase says profit falls after regulatory fee from regional banking rescues

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase reported fourth-quarter earnings before the opening bell Friday. Here’s what the company

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Removal of Netflix Film Shows Advancing Power of India’s Hindu Right Wing

The trailer for “Annapoorani: The Goddess of Food” promised a sunny if melodramatic story of uplift in a south Indian temple town. A priest’s daughter enters a cooking tournament, but social obstacles complicate her inevitable rise to the top. Annapoorani’s father, a Brahmin sitting at the top of Hindu society’s caste ladder, doesn’t want her

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Two Democratic-aligned firms to partner and focus on Latino engagement for 2024 election

Two major Democratic-aligned public affairs firms are partnering to focus on underserved communities and Latino engagement as the party tries to win seats in Congress and help President Biden win a second term. Leaders with the firms SKDK and Conexión confirmed the development to CBS News earlier this week. Conexión co-founder Adrian Saenz described the

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The Billionaires Spending a Fortune to Lure Scientists Away From Universities

In an unmarked laboratory stationed between the campuses of Harvard and the Massachusetts Institute of Technology, a splinter group of scientists is hunting for the next billion-dollar drug. The group, bankrolled with $500 million from some of the wealthiest families in American business, has created a stir in the world of academia by dangling seven-figure

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Car insurance premiums around the U.S. are soaring. Here’s why.

Why did auto insurance rates increase? Why did auto insurance rates increase? 02:50 American motorists are spending less on fuel than a year ago, but any savings are likely being gobbled up by soaring car insurance premiums. Although prices at the pump in December were nearly 2% lower than a year ago, auto insurance rates

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Navy chopper crashes into San Diego Bay and all six crew on board survive, Navy says

A advanced Navy helicopter crashed into San Diego Bay during a routine training mission Thursday evening and all six crew members on board survived, the Navy said. According to a statement, it happened at about 6:40 p.m. local time. The Navy’s MH-60R Sea hawk helicopter lockheedmartin.com An MH-60R helicopter from Helicopter Maritime Strike squadron (HSM)

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Passengers file class-action lawsuit against Boeing for Alaska Airlines door blowout

A class-action lawsuit was filed Thursday against aircraft manufacturer Boeing on behalf of multiple passengers who were aboard an Alaska Airlines flight last week that was forced to make an emergency landing in Portland, Oregon, after a portion of the fuselage blew out in midair. The lawsuit — filed on behalf of six passengers and

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