Deutsche Bank, one of Germany’s biggest financial institutions, recently ended a 15-quarter profit streak with a loss that was narrower than expected. The bank reported a net loss of 143 million euros, which was slightly better than the predicted loss of 145 million euros. However, the provision made for an ongoing lawsuit related to its
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In a recent report by Bank of America analysts, it was noted that four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue. Since late 2022, their share of revenue from China has more than doubled. This surge in revenue can be attributed to China’s decision
As reported by the National Association of Realtors, sales of previously owned homes took a hit in June, dropping by 5.4% compared to May, with 3.89 million units sold on a seasonally adjusted, annualized basis. This also represents a 5.4% decline from sales in June of the previous year. The decrease in sales indicates a
Despite the fact that the U.S. economy appears to be thriving by many standards, there is a prevailing perception among Americans that the country is currently in a recession. According to a recent survey conducted by Affirm, approximately 60% of respondents believe that the U.S. has been in a recession since March of the previous
In a groundbreaking move, bipartisan lawmakers have introduced a new bill aimed at tackling the exploitative practices of drug supply chain middlemen that have led to inflated prescription medication prices, causing significant harm to U.S. patients and pharmacies alike. The newly proposed “Pharmacists Fight Back Act” seeks to address the concerns of community pharmacies and
On Tuesday, spot ether exchange traded funds are set to begin trading, creating a buzz amongst crypto enthusiasts. These new ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network. While there are already ether ETFs that track futures contracts, these will be the first ones to track spot ether. Some of
Tesla is gearing up to release its second-quarter earnings report, with analysts’ expectations set at an earnings per share of 62 cents and revenue of $24.77 billion. Despite facing challenges in the first half of the year, such as staff reductions and declining vehicle deliveries, Tesla managed to exceed analysts’ predictions in certain areas. The
United Parcel Service recently reported lower-than-expected profit and revenue for the second quarter of the year, causing shares to drop by 7% in premarket trading. The company also revised its 2024 revenue guidance downwards, now expecting it to be approximately $93 billion, compared to the previous forecast of $94.5 billion. Additionally, UPS announced that full-year
Coca-Cola recently announced an increase in its full-year revenue outlook as the global demand for its beverages surged in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coca-Cola raised its projection for comparable earnings growth to a
General Motors (GM) is gearing up to unveil its second-quarter results, with analysts forecasting earnings per share of $2.75 adjusted, and revenue amounting to $45.46 billion. This would represent an increase in revenue of 1.6% compared to the previous year, along with a substantial 44.2% rise in adjusted earnings per share. These figures are indicative