World
Former Tesla board member says stock ‘might be a sell’ unless it meets 2 key targets
Tesla urgently needs to meet two key targets to justify its valuation or investors should sell the stock, the company’s former board member Steve Westly told CNBC on Thursday. Westly, founder of venture fund The Westly Group, said Tesla’s fourth-quarter results published Wednesday were a “lackluster end to a challenging year.” Tesla reported a 2% […]
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Comcast beats earnings estimates as broadband revenue rises despite customer losses
Jeff Fusco | Getty Images Comcast topped Wall Street’s fourth-quarter estimates on Thursday as revenue from the company’s broadband business gave it a boost despite losing customers. Here is how the company performed for the quarter, compared with average analyst estimates from LSEG: Earnings per share: 96 cents adjusted vs 86 cents Revenue: $31.92 billion […]
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Oil giant Shell raises dividend despite full-year profit miss
A Shell logo is displayed on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year. Shell posted […]
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German economy shrinks by 0.2% in fourth quarter, more than expected
The Frankfurt skyline at dusk on a November day. Helmut Fricke | Picture Alliance | Getty Images The German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday. The figure is adjusted for price, calendar and seasonal variations. Analysts polled […]
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Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion
An employee places an item in the window display at a delicatessen in the Piazza Campo di Fiori in Rome, Italy, on Tuesday, Dec. 6, 2016. Bloomberg | Bloomberg | Getty Images In December, the central bank forecast that the euro zone economy would grow by 1.1% in 2025, saying that it expects euro area […]
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European Central Bank set to trim interest rates for fifth time since June
The European Central Bank is widely expected to announce yet another interest rate cut on Thursday, in what would be the fifth reduction since the central bank began easing monetary policy in June last year. Markets were last pricing in an over 90% chance of a 25-basis-point cut on Thursday, which would bring the ECB’s […]
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Fashion giant H&M beats full-year profit estimates as fourth-quarter sales miss
A general exterior view of the H&M fashion retail store in Oxford Circus on January 09, 2025 in London, England. John Keeble | Getty Images News | Getty Images H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter. The Swedish fashion giant posted operating profit […]
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France’s shrinking economy betrays urgent need to overcome budget wrangles
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024. Joel Saget | Afp | Getty Images France’s economy shrank slightly in the fourth quarter, flash data showed Thursday, highlighting the urgent need for warring French lawmakers to overcome their differences and agree on a 2025 budget. The economy recorded […]
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European markets head for higher open anticipating ECB rate cut; Shell and Deutsche Bank earnings on deck
European markets were set to open higher Thursday as investors await key earnings, economic data and the European Central Bank’s latest monetary policy decision. The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,555, Germany’s DAX up 24 points at 21,649, France’s CAC up 25 points at 7,892 and Italy’s FTSE MIB […]
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SoftBank in talks to invest up to $25 billion in OpenAI
OpenAI CEO Sam Altman, accompanied by U.S. President Donald Trump, Oracle CTO Larry Ellison (R), and SoftBank CEO Masayoshi Son (2nd-R), speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty Images SoftBank is in talks to invest up to $25 […]
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