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Citi Bank Breaches Fed Rule and Admits to Errors in Financial Reporting
Citigroup has repeatedly violated Regulation W, a U.S. Federal Reserve rule meant to limit risky intercompany transactions, leading to errors in its liquidity reporting.
Orange Juice in US Gets Expensive As Citrus Greening Disease Devastates Orange Crops
Orange juice prices in the U.S. have surged to record highs due to a drop in orange production in Florida, mainly caused by extreme weather and an incurable citrus greening disease.
CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations
Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
Microsoft to Spend More Funding to Develop AI Infrastructure
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.

















