Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Bank of America cut its reported profit by $400 million for the third quarter, citing higher legal costs associated with an ongoing, multi-bank probe over alleged manipulation of foreign currency markets.
The Charlotte-based lender received material information regarding potential fines associated with the matter before its quarterly filing was published, requiring the bank to attribute the loss to the prior quarter instead of the current quarter.
The bank's third quarter earnings had been impacted already by a towering $17 billion settlement it inked with the Justice Department over mortgage fraud. Wall Street analysts had expected Bank of America to post a loss of $0.09 per share.
With the adjustment, Bank of America posted a loss of 4 cents in the third-quarter, compared to a previously reported loss of 1 cent.
A press release described the bank as being in "separate advanced discussions with certain U.S. banking regulatory agencies to resolve matters related to its foreign exchange business."
Bank of America is just the latest financial institution to see the forex probe eat away its profits. Citigroup one week earlier adjusted its third-quarter earnings to $2.8 billion—$600 million less than it had previously reported—for the same reason.
In prior earnings releases, Deutsche Bank and JPMorgan Chase & Co. each said they reserved $1.1 billion for the same issues.
On Monday, JPMorgan said in a filing that legal losses could total as much as $5.9 billion from a Department of Justice criminal investigation of its foreign-exchange trading.
—CNBC's Everett Rosenfeld contributed to this report.