NEW YORK (AP) — Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks. Zions Bank, Western Alliance Bank, and Jefferies disclosed bad investments, causing their stocks to fall sharply this week. On Tuesday, JPMorgan Chase…… MORE
WASHINGTON (AP) — President Donald Trump is giving domestic automakers some relief from his tariffs. He’s extending a special rebate on auto parts until 2030. Tariffs on those parts had threatened to raise costs for automakers. The exemption was originally supposed to be a short-term bridge to give automakers time to move production lines back…… MORE
The Federal Aviation Administration said Friday it will allow Boeing to produce more 737 Max airplanes by increasing the limit it imposed after a door plug flew off an Alaska Airlines jet that the company built. After the terrifying January 2024 incident, the FAA capped Boeing’s production of Max jets to 38 per month. The…… MORE
NEW YORK (AP) — As economic uncertainty deepens, the rush for gold continues — with prices for the precious metal topping $4,300 for the first time this week. The going price for New York spot closed at a record $4,326 per troy ounce on Thursday. Futures also traded as high at more than $4,344 per…… MORE
NEW YORK (AP) — American Express reports a 16% increase in third-quarter profits, driven by higher card spending, especially among its wealthiest members. On Friday, the company announced earnings of $2.9 billion, up from $2.51 billion a year ago. Earnings per share rose to $4.14, beating analysts’ expectations. AmEx recently refreshed its Platinum Card, adding…… MORE