Day: February 13, 2025
British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback
Key Points British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback. Pretax profit rose by 24% to £8.108 billion in 2024, just above analyst expectations of £8.081 billion, according to LSEG. Source
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Sony posts quarterly profit beat as gaming revenues jump
Sony PlayStation games are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty Images Sony on Thursday posted an operating profit beat for its December quarter after a jump in gaming revenues. The company’s consolidated operating profit hit 469.3 billion yen ($3.05 billion), versus 404.21 billion […]
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Germany’s second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt. Daniel Roland | Afp | Getty Images Germany’s second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. The job […]
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Chinese businesses rush to try DeepSeek AI at ‘unprecedented’ scale
Key Points Eight automakers including BYD, at least nine financial securities companies, three state-owned telecommunications operators and smartphone brand Honor are among the many that have rushed to integrate with DeepSeek in the last week. “This is quite unprecedented,” Wei Sun, principal analyst of artificial intelligence at Counterpoint Research, said in an email Monday. She […]
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Active ETFs have seen explosive growth — experts caution about their costs and risks
Investors have been flocking to actively managed ETFs with their assets under management growing five times more than those of passive funds in 2024, a Morningstar report showed. As these funds chase high performance, some analysts have raised concerns whether their returns justify the higher expenses and other risks. “Active funds add an extra layer […]
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Foxconn says it is open to buying a stake in Nissan
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda. “If cooperation requires it (purchasing Nissan shares), we […]
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Asia-Pacific markets trade higher after Wall Street declines on inflation fears
Tokyo, Japan skyline with the Tokyo Tower Chunyip Wong | E+ | Getty Images Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia’s S&P/ASX 200 rose 0.26%. Japan’s Nikkei 225 rose 1.1% while the […]
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CNBC Daily Open: Hotter-than-expected inflation stokes U.S. policy concerns
Eggs for sale at 72.2 cents per egg from a supermarket on Feb. 10, 2025 in Monterey Park, California, U.S. Frederic J. Brown | Afp | Getty Images What do arthouse movies and U.S. interest rates in 2025 have in common? There’s a chance both will have no cuts. The 3% figure for 12-month headline […]
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Judge clears way for Trump’s plan to downsize federal workforce with deferred resignation program
Demonstrators rally outside the U.S. Treasury Department after it was reported billionaire Elon Musk has gained access to Treasury’s federal payments system that sends out more than $6 trillion per year in payments on behalf of federal agencies and contains the personal information of millions of Americans, in Washington, U.S., Feb. 4, 2025. Kent Nishimura […]
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Unions sue Trump, fearing mass firings of federal employees
Local labor organizers celebrate at a United Auto Workers vote watch party on April 19, 2024 in Chattanooga, Tennessee. With over 51% of workers voting yes the UAW won the right to form a union at the plant. Elijah Nouvelage | Getty Images Five unions sued the Trump administration on Wednesday, seeking to block what they called the possible mass firing […]
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