U.K. Finance Minister Jeremy Hunt has said Britain should have a “20-year plan” to become the world’s next Silicon Valley. Dan Kitwood | Getty Images News | Getty Images LONDON — Bri...
Tag: Deutsche Bank AG
European bank stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%. It followed an announcement by the tech-focus...
Stocks moving big midday: LYFT, SPOT, EXPE, YELP
Ramin Talaie | Corbis News | Getty Images Check out the companies making headlines in midday trading. Lyft — The ridesharing stock cratered 36% after issuing disappointing guidance for its first quart...
Lyft, Expedia, Yelp and more
The Lyft Driver Hub is seen in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making the biggest moves in premarket trading: Lyft — The ride-sharing company cratered 31.5% a...
Penn sports betting business posts fourth quarter profit
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the...
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter ...
JPMorgan, Virgin Galactic, Tesla and more
A person enters the JPMorgan Chase headquarters in New York, June 30, 2022. Andrew Kelly | Reuters Check out the companies making the biggest moves in the premarket: JPMorgan — The bank reported fourt...
How the market got it wrong
The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchang...
Here’s what Black Friday sales tell us about the retail sector — and our top pick
The holiday shopping season got off to a solid start over the weekend, as Black Friday’s online sales beat expectations and started to build some much-needed momentum for the retail sector. Acco...
Stocks making the biggest moves premarket: Activision, Tesla, Manchester United
Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely...
Abercrombie & Fitch, Disney, Best Buy, Zoom and more
A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ab...
Walgreens, Coinbase, Duolingo, Ralph Lauren
A Walgreens store is seen on August 07, 2019 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Doximity — The online platform for medical profess...
Walgreens, Intel, US Bancorp and more
Check out the companies making headlines before the bell: Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hol...
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The ...
N26 losses widen after ramping up spending on fraud controls
The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images German mobile bank N26 reported Tuesday a sharp rise in annual revenues as usage of its plat...
Change Healthcare, Ford, PayPal, Humana and more
Ford Motor Company’s electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty Images Check o...
Anshu Jain, former Deutsche Bank CEO in its trading heyday, dies at 59
Anshu Jain, Cantor Fitzgerald’s president and former CEO of Deutsche Bank from 2012 to 2015, died Saturday five years after being diagnosed with duodenal cancer, Bloomberg and Reuters reported. He was...
Deutsche Bank beats expectations to post eighth straight quarter of profit
Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceed...
JPMorgan Chase, Goldman Sachs, Conagra Brands and more
Pedestrians pass in front of a JPMorgan & Chase bank branch automated teller machine (ATM) kiosk in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Check out the companies...
RBC top analyst sees comeback
Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy...
Inflation the biggest poison for the world economy
Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. Denis Balibouse | Reuters E...
Twitter, Coca-Cola, Warner Bros. Discovery and more
Check out the companies making headlines in premarket trading. Coca-Cola — Shares of Coca-Cola rose about 1% after the company beat analysts’ expectations on the top and bottom lines in the rece...
PG&E, Hewlett Packard Enterprise, CarMax and more
Take a look at some of the biggest movers in the premarket: PG&E (PCG) – The California utility’s shares jumped 2.3% in the premarket after it reached legal settlements over two fires in Nor...
Conagra, Levi Strauss, Rite Aid and others
Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock tumbled 5.5% in the premarket after issuing a weaker-than-expected forecast for the fiscal yea...
U.S. government bonds just suffered their worst quarter of the past half century: Here’s why some investors may not be fazed
U.S. government bonds just finished their worst quarter since at least 1973, yet some investors aren’t likely to be put off from buying Treasurys again given rising risks of a U.S. recession within th...
Businesses oppose Florida’s ‘Don’t Say Gay’ bill banning talk of LGBTQ issues in public schools
Revelers celebrate on 7th Avenue during the Tampa Pride Parade in the Ybor City neighborhood on March 26, 2022 in Tampa, Florida. The Tampa Pride was held in the wake of the passage of Florida’s...
Deutsche Bank to wind down Russia operations in major U-turn
Bloomberg | Bloomberg | Getty Images Deutsche Bank has said it will wind down its Russia operations — a major U-turn that sent shares higher Monday. In an announcement released late Friday, the German...