United Bankshares Inc. announces earnings for the third quarter and first nine months of 2024

October 26, 2024

CHARLESTON — United Bankshares Inc. reported earnings for the third quarter of 2024 of $95.3 million, or $0.70 per diluted share. Third quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.28%, 7.72%, and 12.59%, respectively. “We are excited to announce this quarter’s earnings,” said Richard M. Adams Jr., United’s chief executive officer. “It was another successful quarter for UBSI, and we continue to perform at a high level. Profitability metrics stayed strong, growth trends ...

Washington Post becomes the second major U.S. newspaper to decline to endorse a presidential candidate

October 26, 2024

(AP) — Less than two weeks before Election Day, The Washington Post said Friday it would not endorse a candidate for president in this year’s tightly contested race and would avoid doing so in the future — a decision immediately condemned by a former executive editor and one that the ...

Stock market today: Wall Street wavers in mixed trading, but remains on track for weekly losses

October 26, 2024

(AP) — Stocks wavered in mixed trading on Wall Street Friday as companies continued reporting mostly solid earnings. The S&P 500 rose 0.1% in afternoon trading Friday. The index is on track to log its first losing week since early September. The Dow Jones Industrial Average fell 210 ...

Biden administration races to shell out billions for clean energy as election nears

October 19, 2024

WASHINGTON (AP) — The Biden administration is shelling out billions of dollars for clean energy and approving major offshore wind projects as officials race to secure major climate initiatives before President Joe Biden’s term comes to an end. Biden wants to establish a legacy for ...

Wall Street sets more records and closes a 6th straight winning week

October 19, 2024

NEW YORK (AP) — U.S. stocks closed their latest winning week with more records on Friday. The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 36 points, or 0.1%, to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped drive the market with a leap of 11.1% after the streaming giant reported stronger profit for the latest quarter than analysts expected. That was despite a slowdown in subscriber growth. It helped offset a 5.2% drop for CVS Health, which said it’s likely to ...

Boeing faces a new FAA review as a key supplier plans temporary furloughs due to labor strike

October 19, 2024

Boeing’s biggest supplier of aircraft components said Friday that it will temporarily furlough 700 workers later this month, warning that it would have to resort to layoffs if a strike by Boeing machinists lasts beyond November. Spirit AeroSystems said Friday that starting Oct. 28, ...