WASHINGTON (Reuters) - U.S. banking sector profits rose 2.3% to $66.8 billion in the fourth quarter of 2024, a bank regulator reported on Tuesday, as it also announced moves to update how so-called problem banks are tracked. In its latest quarterly report, the Federal Deposit Insurance Corporation said it is revising its problem bank list to say only how many...

02:00 PM EST, 02/25/2025 (MT Newswires) -- (Update with FAA's response to a request for comment.) A Southwest Airlines ( LUV ) plane nearly crashed into a business jet that wasn't authorized to be on the runway on Tuesday morning at Chicago's Midway Airport, according to media reports, citing the Federal Aviation Administration. The FAA confirmed the report in a...

Stock photography, footage, and music provider Shutterstock Inc. ( SSTK ) shares are trading lower on Tuesday after worse-than-expected fourth-quarter earnings. The company reported fourth-quarter FY24 sales growth of 15.1% year-on-year to $250.03 million, missing the analyst consensus estimate of $254.94 million. Revenue from Content product offerings rose 20%, representing 85% of total revenue in the fourth quarter. Read Next:...

* Meta accused of 'systematic preference' for visa holders * Judge cites statistics, Meta settlement in 2021 * Meta not immediately available for comment By Jonathan Stempel Feb 25 (Reuters) - A federal judge on Tuesday said Meta Platforms ( META ) must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it...