April 24, 2024

Markets Now Wednesday, April 24, 2024

Switzerland says UBS may need more cash. The bank is fuming

A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its finances are robust.  
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Jamie Dimon fears for the future of the free world and US debt

JPMorgan Chase CEO Jamie Dimon is worried about the future of the free world and the risk of more global chaos.  
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Calls grow for Columbia University president to step down as protests spread nationwide

National political leaders ratcheted up the pressure for Columbia University President Minouche Shafik to step down on Wednesday as pro-Palestinian protests continued at the school’s New York campus and spread to colleges across the country.  
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Clear lets people skip the line at the airport. California lawmakers want to change it

Clear is a service that lets people skip the security line at airports with nothing but a biometric scan and $189. Some California lawmakers want to make changes to it in the state, saying it separates travelers into haves and have-nots.  
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Labor complaint reveals allegations of Boeing retaliation against two workers

A union representing Boeing engineers alleges the plane maker retaliated against two employees who at the time were working on behalf of the Federal Aviation Administration to provide manufacturing oversight.  
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Boeing to pay $443 million to airlines for its Max 9 grounding as losses and problems mount

Boeing reported a slight smaller loss in the first quarter compared to the same time a year ago and warned investors and employees it will have to cut back production further to deal with quality and safety issues on its production line.  
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Source: CNN Business

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