Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed

Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than disclosed by the company’s CFO just…

Hot sauce powders recalled over ‘life-threatening’ wheat label omission

Hot sauce powders recalled over ‘life-threatening’ wheat label omission

Comment on this storyComment Add to your saved stories Save A North Carolina-based food company is recalling jars of what it calls dry hot sauces after failing to declare on labels that wheat is present in the product — an omission the company acknowledges could cause a “serious or life-threatening allergic reaction” to those with…

Alaska Airlines to cancel all Boeing 737 Max 9 flights through Saturday

Alaska Airlines to cancel all Boeing 737 Max 9 flights through Saturday

Comment on this storyComment Add to your saved stories Save Alaska Airlines said Wednesday that it will cancel all flights on its Boeing 737 Max 9 aircraft through Saturday while it waits approval from the Federal Aviation Administration to begin formal inspections after last week’s midair blowout that opened a hole in a plane while…

Congress nears deal to partially restore Biden’s expanded child tax credit

Congress nears deal to partially restore Biden’s expanded child tax credit

Comment on this storyComment Add to your saved stories Save Congressional lawmakers are closing in on a deal that would partially revive President Biden’s expanded tax credit for lower-income families in exchange for extending tax incentives favored by business interests, according to two people familiar with the matter. The higher child tax credit for lower-income…

SpaceX and T-Mobile send first texts via Starlink satellites

SpaceX and T-Mobile send first texts via Starlink satellites

SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022. Michael Gonzalez | Getty Images SpaceX successfully sent text messages via Starlink satellites using T-Mobile’s network, it announced Wednesday, as Elon Musk’s company aims to bring its direct-to-device…

Budget fight threatens poor families with cuts to housing aid, evictions

Budget fight threatens poor families with cuts to housing aid, evictions

Comment on this storyComment Add to your saved stories Save Some of the roughly 5 million families who receive rental assistance from the U.S. government could see sharp cuts to their benefits — and even the threat of eviction — unless lawmakers in Washington can craft a budget deal that fully funds key housing programs…