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Deutsche Bank To Cut 3,500 Jobs In Efficiency Drive, Plans Share Buybacks, Dividends
Thursday, February 1, 2024 - 10:54am | 558In a move to reassure investors of its ongoing recovery, Deutsche Bank AG (NYSE:DB) has announced a series of measures, including job cuts, share buybacks, and dividends. What Happened: The German lender revealed on Thursday that it would be reducing its workforce by 3,500 employees, primarily in...
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Retail's Bitcoin Price Prediction By End Of 2024: Below $20,000, But Technical Analysts See 'Run To $48K-50K'
Monday, January 29, 2024 - 7:31pm | 828Despite Bitcoin (CRYPTO: BTC) cracking the $43,000 mark, a survey found that 39% of retail investors expect a price drop below $20,000 by the end of the year. Technical analysts, however, continue to be bullish. What Happened: Bitcoin was up 2.5% in the past 24 hours and 6...
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This Western Digital Analyst Expects 2Q Earnings At High End Of Guidance: 'Risk-Reward Is Attractive'
Tuesday, January 16, 2024 - 12:40pm | 347Shares of Western Digital Corp (NASDAQ: WDC) climbed in early trading on Tuesday, along with other stocks that received forecast revisions by top analysts. The San Jose, California-based company’s is likely to report its fiscal second-quarter results at the high end of guidance, given the...
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Trump's Niece Explains Why Ivanka's Testimony In NY Civil Case, Her 'Shady Loan' Threatens 'House Of Cards Donald Has Built'
Thursday, November 30, 2023 - 3:00am | 518Donald Trump’s daughter Ivanka Trump earlier this month testified in the New York civil case investigating the Trump Organization. Sifting through the testimony, the former president’s niece Mary Trump underlined her niece’s admission of chipping in with her assets to inflate his...
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Deutsche Bank Seeks Buyer For 222 Broadway Amid Office Space Crisis
Sunday, November 19, 2023 - 3:28pm | 346Deutsche Bank is reportedly looking to sell its 222 Broadway building, following a significant loss due to the departure of key tenants. The bank is prepared to accept a hefty loss on the property, which was purchased a decade ago for about $500 million. According to an article published by The...
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Disney, Regional Theme Park Operators Pin Hopes On Fall Cheer Following Summer Doldrums. Will Stocks Get A Halloween Boost?
Saturday, September 23, 2023 - 5:15pm | 690Walt Disney Co. (NYSE:DIS) and other theme park operators, which have had lukewarm summer attendance, are gearing up to put the worst behind them and look ahead to the fall with optimism. What Happened: Disney, Cedar Fair L.P. (NYSE:FUN), which owns Dorney Park, Six Flags Entertainment Corp. (NYSE:...
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Time To Short Tesla Again? Why This Bearish Analyst Says EV Stock 'Appears Set To Hit The Skids'
Friday, September 8, 2023 - 8:48am | 569Tesla, Inc. (NASDAQ:TSLA) struggles to break out of the lackluster phase it finds itself in and things are unlikely to look up in the near term, says a bearish analyst. Risks Abound: It’s time to short Tesla stock again, barring a banking crisis and the Federal Reserve rolling out more...
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Nvidia Stock Eyes Record Territory On Thursday: What's Powering The Rally?
Thursday, August 24, 2023 - 7:39am | 349Nvidia Corp. (NASDAQ:NVDA) shares rose solidly in premarket trading on Thursday after the Santa Clara, California-based chipmaker reported second-quarter earnings and revenue that notably exceeded expectations. More importantly, the company issued upbeat guidance, with the revenue estimate coming...
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Bud Light Got Slammed by Likes Of Ron DeSantis, Kid Rock — Now It's Regaining Its US Popularity, Shows Survey
Friday, August 18, 2023 - 12:28am | 614Bud Light is regaining popularity among American consumers, as per a Deutsche Bank survey. What Happened: According to a report by Business Insider on Thursday, Deutsche Bank revealed that Anheuser-Busch InBev’s (NYSE:BUD) beer brand, Bud Light, has shown “...
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SiriusXM Analysts Turn Bearish As Short Squeeze Grips Stock
Friday, July 21, 2023 - 12:22pm | 522SiriusXM Holdings Inc (NASDAQ:SIRI) became the focus of meme stock investors, experiencing a nearly 66% surge in share prices due to a short squeeze. However, the stock later retreated following analyst downgrades. Here's what investors need to know. What Happened: On Thursday, SiriusXM shares...
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Recession Is On Its Way, Says Leading Economic Indicator, But Not Everyone Is Convinced: 'Toss-Up'
Friday, July 21, 2023 - 11:35am | 537The Conference Board’s Leading Economic Index (LEI) — an early indicator of significant turns in the business cycle — sent out a warning on Thursday: a recession is coming. A Bleak Outlook: In June, the U.S. LEI saw a decline of 0.7% to 106.1, following a drop of 0.6% in May. Over the past...
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Deutsche Bank To Pay $75 Million Over Sex Trafficking Lawsuit From Jeffrey Epstein's Accusers
Sunday, June 18, 2023 - 12:59pm | 417On Friday, a U.S. judge granted preliminary approval to the $75 million settlement between Deutsche Bank AG (NYSE: DB) and the victims of convicted sex offender Jeffrey Epstein. The victims had alleged that Epstein's sex-trafficking enterprise could not have "existed or...
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After Apple And Samsung, Google Reportedly Bans Internal Use Of AI Chatbots — Including Its Own Bard
Friday, June 16, 2023 - 1:09am | 616In a move to prioritize security and protect sensitive information, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), has followed in the footsteps of Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co. Ltd (OTC:SSNLF) as it reportedly bans the internal use of AI...
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Deutsche Bank Downgrades First Solar Amid Expensive Valuations, Says 'Time For Investors To Seek Elsewhere For Greater Risk/Reward'
Thursday, April 13, 2023 - 5:05pm | 390Deutsche Bank analyst Corinne Blanchard downgraded First Solar Inc (NASDAQ: FSLR) from Buy to Hold and improved the price target from $190 to $230 on Thursday. The rationale for the call was based on the fact that the stock has climbed significantly in recent months, up 45% year to date...
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Despite Investors' Fears, Analysts Say Deutsche Bank Is No Credit Suisse
Saturday, March 25, 2023 - 10:29am | 630Investors became anxious on Friday, as Deutsche Bank AG's (NYSE: DB) shares fell by as much as 14% following a string of bank failures and bailouts worldwide. According to Reuters, Deutsche Bank fell 11.6% in Frankfurt trading while its U.S.-listed shares fell 6%. The drops...