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Delta could take $500M profit hit after Crowdstrike outage: analyst

Wall Street analysts say last week’s global CrowdStrike outage could take a $500 million hit to Delta Air Lines’ current quarter profits. Citi Research aviation analyst Steven Trent slashed his third-quarter profit forecast for the Atlanta-based airline by more than $500 million due to the meltdown, which is still causing flight delays and cancellations this […]

Ex-Goldman analyst Anthony Viggiano sentenced to 28 months

A former Goldman Sachs analyst was sentenced to 28 months in prison on insider trading charges on Wednesday, acknowledging that his actions were “catastrophically stupid.” Anthony Villano, 27, of Baldwin, Long Island, who also worked at Blackstone, pleaded guilty to securities fraud in January after being accused of tipping off two friends to eight trades […]