Month: July 2024
Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty Images Germany’s largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division. Net loss attributable […]
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Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X. Marc Piasecki | Getty Images Tesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5 billion into his newest startup, xAI. Specifically, […]
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Major global chip equipment makers’ China revenue share has doubled since U.S. imposed export controls
A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Four of the world’s largest semiconductor equipment manufacturers, including ASML, have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a […]
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Trump 2.0 could go ‘nuclear’ on China trade, while economists say Harris would remain tough
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty Images Former President Donald Trump would likely take his trade war and economic decoupling policies to new levels if he were elected to […]
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How the ultra wealthy travel in Paris
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Paris – the city of lights, of love, and of luxury. Over 30 million tourists touch down in the French capital each year, but only a select few see the high-octane opulence that Paris can offer. CNBC’s ‘First Class’ reveals the city […]
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Asia markets are mixed as traders assess Japan, Aussie business activity data and U.S. tech earnings
An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Japan’s Nikkei 225 dropped 0.19%, while the broad-based Topix was down 0.35%. Flash data from the au Jibun Bank showed that the country’s business activity returned to growth. Japan’s composite […]
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How the ultra-wealthy travel in Paris
Paris boasts many luxurious five-star accommodations. At the Hotel Plaza Athénée, a single night during peak season can cost around $44,000, while a stay in the Imperial Suite at the Ritz Paris can command an astounding $70,000 per night. Hôtel de Crillon, an 18th-century palace which was converted into a luxury hotel in 1909, has […]
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Tesla’s profit margin is getting hammered by EV discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images As Tesla CEO Elon Musk continues to make lofty promises about his company’s future in autonomous driving and […]
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Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a […]
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Buy and hold these 5 attractively valued growth stocks for the next decade, the pros say
Growth stocks have been rallying for most of this year, though they’ve been volatile recently. Investors rotated out of mega-cap tech stocks for smaller names last week, as expectations of rate cuts in September grow. But overall, growth stocks have still gained this year, with the large-cap Vanguard Russell 1000 Growth ETF still up nearly […]
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