Goldman Sachs reported a 45% surge in profits on Tuesday, fueling hope for a dealmaking rebound.The firm pointed to growth in core businesses like M&A advisory and stock and bond underwriting.Here are four primary takeaways from the results shared by CEO David Solomon. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

Goldman Sachs reported third-quarter earnings on Tuesday that beat analysts' expectations.The investment bank posted $12.7 billion of revenue and almost $3 billion of net earnings.Goldman's investment banking fees soared 20% year-on-year to about $1.9 billion. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalize ...

Boeing is raising $10 billion as a machinists' strike enters its fifth week.Advertisement In a regulatory filing Tuesday, the planemaker said it had entered a credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase.It comes after Boeing announced on Friday plans to lay off 17,000 workers and a further delay to the launch of its much-anticipated 777X jet.This is a developing story. ...

Julie Su is in Seattle to mediate Boeing worker strike to resume negotiations.Boeing's strike began after workers rejected a 25% pay raise, demanding 40% and other benefits instead.Boeing's financial woes include job cuts, plane delays, and potential credit downgrades. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

Microsoft is discontinuing HoloLens after losing billions of dollars on the project.The company's 10-year IVAS contract to make goggles for the Army is worth up to $22 billion.Microsoft is pulling back on IVAS work, putting its involvement in the contract in doubt. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a person ...

Boeing's 777X, its largest passenger plane, is delayed yet again.Flight-test problems and an ongoing strike pushed the timeline to 2026, costing billions.With about 500 orders from airlines like Qatar and Emirates, much is riding on the new widebody. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed whi ...

Starbucks is reportedly reversing its recent push into frequent promos on drinks and snacks.The move is part of CEO Brian Niccol's effort to re-establish the brand's upscale, premium vibe.Promos, which are primarily available in the app, have contributed to the frenzy of mobile orders. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favori ...

Tesla is making a '"crucial" error in its shift to robotaxis and robots, according to Ross Gerber.The shift is a flawed strategy as EVs make up most of Tesla's revenue, the longtime investor said.Tesla's Cybercab probably isn't hitting the streets until at least 2028, Gerber predicted. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favori ...

Nike veteran Elliott Hill started as the new CEO on Monday.Hill takes the helm as the company is facing multiple challenges.Nike said it's aiming to boost innovation and reduce reliance on retro styles for future growth. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email ...

Boeing's Challenges in 2024 - Boeing has faced a series of crises in 2024, including mechanical problems, lawsuits, a leadership shake-up, and layoffs [1] - The company lost a door plug on an Alaska Airlines flight, causing a side panel to blow out midair [2] - Boeing has experienced an exodus of corporate executives [2] - The company's stock has declined by over 40% since January 2024 [2] Communication and Media - Boeing representatives did not respond to a request for comment from Business Insider [3]