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US banks report mixed results, see consumers as still fairly healthy
US banks report mixed results, see consumers as still fairly healthy
by  AFP

Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last year's crisis involving midsized lenders. Besides the FDIC fee, Wells' results included a $1 billion hit for severance costs due to job cuts.

Delta reports profit jump but lowers earnings forecast
Delta reports profit jump but lowers earnings forecast
by  AFP

Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday. "In 2024, demand for air travel remains strong and our customer base is in a healthy financial position with travel a top priority," said Delta chief executive Ed Bastian in a statement.

Wars to cast pall over meeting of global VIPs in Davos
Wars to cast pall over meeting of global VIPs in Davos
by  AFP

The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine set to dominate the annual gabfest in the Swiss Alps. "We know that the war in Gaza is still going on and there are worries for a further escalation," Brende said, adding that the WEF meeting would "look how to avoid a further deterioration".

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