Lockheed Martin Corp. received a $7.8 billion award Friday for 126 of its F-35s, completing a $30 billion contract to supply the fighter jets to the US military and allies, the Pentagon announced.
The Federal Deposit Insurance Corp. acknowledged it was too slow to respond to problems at Signature Bank before the lender’s rapid collapse last month, partly due to a staffing shortage in its New York office.
The North Carolina Supreme Court backed a Republican-drawn congressional map in a ruling that could scuttle a major US Supreme Court elections case.
First Republic shares slump as much as 54% in postmarket trading Friday after a Reuters report that the FDIC was preparing to place it into receivership imminently.
Pinterest Inc., the pinboard-style social media company, suffered its worst stock decline in nearly a year after restructuring costs contributed to a deeper loss than expected.
US bank deposits rose in the latest week, a welcome break in a slide that’s seen cash flow into higher-yielding money-market funds amid unease about smaller lenders.
Brevan Howard Asset Management has ended a relationship with US hedge fund firm Commonwealth Asset Management after a money pool it advised on suffered losses last month.
A searing revival in technology companies was supposed to collapse under its own weight and spell doom for investors everywhere. As of now, that’s not how it’s playing out.
The dizzying rallies that puzzled traders and once sent some little-known Chinese stocks to sky-high market values are back, for now.
US equities extended a rally Friday as investors wrestled with strong corporate earnings against concerns about regional banks and inflation. Treasuries rose.
