United Airlines recently announced that they will be pausing pilot hiring this spring as a result of aircraft delivery delays from Boeing. This decision comes after ongoing issues with manufacturing and certification delays at the plane maker, impacting one of its biggest customers. The pause in new hire classes is expected to take place in
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New York Community Bank recently reported a significant loss of deposits, totaling 7% in the month leading up to a capital injection of over $1 billion. This injection was facilitated by investors, with former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital taking the lead. The bank’s total deposits stood at $77.2 billion as of March
Choosing whether to file taxes jointly or separately can have a significant impact on a married couple’s financial situation. The default choice for most couples is usually to file jointly, as it typically offers more generous tax brackets and deductions. However, there are scenarios where filing separately may be more advantageous for some couples. One
Sonali Pier, the daughter of Indian immigrants and the youngest of three siblings, embarked on her journey to Wall Street following her graduation from Princeton University in 2003. Starting her career as a credit trader at JPMorgan, Pier entered a male-dominated field where she found herself as one of the few women in the room.
The recent drop in Teleperformance’s shares by 20% has sparked concerns among investors regarding the impact of artificial intelligence on the call center and office services group. The fear stems from companies increasingly utilizing AI technology directly for their own customer service benefits. The stock plummeted further by 16% after Klarna, a financial services company,
In the dynamic landscape of the financial sector, private equity players have been increasingly stepping up to rescue struggling American lenders. The recent announcement of a $1 billion-plus injection by New York Community Bank is a testament to this trend. Spearheaded by $450 million from ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, a consortium of
New York Community Bancorp recently made headlines with a $1 billion capital raise and a significant leadership shake-up. The regional lender, which has been struggling in recent times, announced a deal with investment firms, including former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, Hudson Bay Capital, and Reverence Capital Partners, for a substantial cash infusion
In recent years, consumers have increasingly turned to credit cards as a means of financial support. This reliance on credit cards has led to a concerning trend where the national average credit score has begun to decline. According to a report from FICO, a leading developer of credit scores used by lenders, the average credit
Foot Locker, a well-known sneaker retailer, recently reported a holiday-quarter loss, much to the dismay of investors. The company also issued weak guidance for the current year, signaling that it is behind on meeting its financial goals. The profitability goal set during its March 2023 investor day is now expected to be delayed by two
As we approach the official start of spring, the housing market is already showing signs of movement. Despite the fact that mortgage rates remain high, there was an 11% increase in mortgage applications to purchase a home last week compared to the previous week. However, it is important to note that demand is still down