Month: August 2024
Deutsche Bank shares rise 4% after settlement of bulk of claims in long-running Postbank suit
A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Images Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade […]
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The world’s first airport to require biometric boarding is set to arrive in 2025
A woman tests Vueling’s new biometric recognition system at El Prat airport, January 19, 2023, in El Prat de Llobregat, Barcelona, Catalonia, Spain. David Zorrakino | Europa Press | Getty Images As end-of-summer travel lines back up at TSA airport checkpoints in the U.S., one overseas airport is going all-in on a biometric passenger experience. […]
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This small-cap fund is outperforming the Russell 2000. Here’s how it works
ETF Edge This small-cap fund is outperforming the Russell 2000. Here’s how it works Published Thu, Aug 22 202410:42 AM EDT Anna Gleason@anna_gle WATCH LIVE Source
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Trump promotes family’s new crypto platform, ‘The Defiant Ones’
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | Reuters Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social. “For too long, the average […]
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July home sales break a four-month losing streak as supply rises nearly 20% over last year
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That […]
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Canadian railways grind to a halt as workers locked out; economic fallout fears rise
A Canadian Pacific Railway locomotive pulls a train in Calgary, Alberta, Canada, on Monday, March 22, 2021. Alex Ramadan | Bloomberg | Getty Images Canada’s top two railroads locked out more than 9,000 unionized workers, triggering an unprecedented rail stoppage that could cause billions of dollars worth of economic damage and roil North American supply […]
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Peloton shares rise more than 10% as turnaround plan takes hold, losses shrink
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which is currently being run by two board members after former CEO Barry McCarthy resigned earlier this year, saw […]
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Treasury yields rise as traders await Powell remarks
The U.S. 10-year Treasury rose on Thursday as investors looked ahead to remarks from Federal Reserve Chairman Jerome Powell. The yield on the 10-year Treasury climbed more than 5 basis points at 3.835%, while the yield on the 2-year Treasury added roughly 5 basis point higher at 3.976%. Yields and prices move in opposite directions. […]
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5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve’s September […]
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China’s self-driving startup WeRide delays U.S. IPO as deadline looms
In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen. Getty Images Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents. “Updating transaction documents is currently taking longer than expected, […]
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