Deutsche Bank has received final approval from a US judge for a $75 million settlement with the victims of Jeffrey Epstein who accused the German company of facilitating his alleged sex trafficking. This news comes after preliminary approval was granted in June and the settlement was finalized during a court hearing in Manhattan. Judge Jed …
A Vectura Group logo is seen on a smartphone and a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Philip Morris International is exploring the possibility of divesting a portion of its leading pharmaceuticals division. The tobacco company, renowned for its Marlboro cigarettes, ventured into the healthcare and wellness industry in …
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Discover the top companies in premarket trading. Kroger — The supermarket chain experienced a 2.8% drop after releasing a mixed second-quarter report. Kroger’s earnings per share ex-items reached 96 cents, surpassing the …
Jeffrey Epstein in Cambridge, MA in 1984. Rick Friedman | Corbis News | Getty Images JPMorgan Chase notified the Treasury Department of over $1 billion in transactions related to “human trafficking” by Jeffrey Epstein dating back 16 years after his suicide in 2019, according to a lawyer for the U.S. Virgin Islands speaking during a …
In the vicinity of Itinga, Minas Gerais state, Brazil, a bulldozer is in motion, relocating lithium ore at the Sigma Lithium Xuxa mine. Bloomberg | Bloomberg | Getty Images As demand for lithium increases, the world is projected to face a potential shortage by the year 2025. However, conflicting forecasts suggest that this deficit might …
Affirm Holdings Inc., the buy now, pay later firm, experienced a significant surge in its stock price, with a 26% increase in early trading on Friday. This surge came after the company reported better-than-expected fiscal fourth-quarter results and provided optimistic guidance for the first quarter. Here’s a breakdown of how Affirm performed: – Loss per …
ROME – August 7, 2023: On August 7, 2023, the Italian cabinet held a press conference at Palazzo Chigi, where ministers including Carlo Nordio, Adolfo Urso, Matteo Salvini, Francesco Lollobrigida, and Orazio Schillaci announced the approval of a 40% windfall tax on banks’ “excess” profits for 2023 (source: Simona Granati – Corbis/Corbis via Getty Images). …
Siemens Energy CEO Christian Bruch stated on Monday that the company is planning to adjust its new product rollout strategy due to quality issues that resulted in costs of 2.2 billion euros ($2.4 billion) at its wind turbine unit. Siemens Energy made the decision to abandon its profit forecast in June and warned that the …
Empty bottles of Moderna Covid-19 vaccine. Fred Tanneau | AFP | Getty Images Discover the standout companies dominating the headlines in pre-market trading. Qualcomm — The chipmaker experienced an 8.5% decline in stock value after reporting adjusted earnings per share of $1.87 on $8.44 billion in revenue for the second quarter. Analysts had predicted earnings …
Intel reported stronger-than-expected results for the second quarter on Thursday evening, surpassing expectations both in terms of revenue and earnings. This positive outcome comes as a relief to analysts and investors who witnessed Intel’s struggles in the previous quarters, where inventory clearance and retooling for AI-focused, GPU-heavy corporate investments presented challenges. Following the announcement, Intel’s …