Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026
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Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
Commerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.CNBC - 3d -
John Lewis Partnership warns staff on annual profit target
Mutual group that owns Waitrose and department store blames subdued pre-Christmas consumer confidenceFinancial Times - 3d -
World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally
Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.CNBC - 5d -
Boeing reports $11.8bn annual loss – its largest since 2020
Planemaker grapples with problems at commercial and defense units and fallout from west coast workers’ strike. Boeing reported an annual loss of $11.83bn, its largest since 2020, as it grappled ...The Guardian - 6d -
SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push
Corporate travel platform TravelPerk raised $200 million from investors including Atomico and EQT in a funding round valuing the startup at $2.7 billion.CNBC - 6d -
Givaudan Reports Profit Rise, Expects to Exceed Five-Year Sales Target
The flavor-and-fragrance company said full-year net profit for 2024 rose 22% to $1.2 billion, beating analyst expectations.The Wall Street Journal - Jan. 24 -
China's annual GDP growth meets target of 5% as stimulus measures kick in
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.NBC News - Jan. 17 -
TSMC cuts profitability target as cost of diversifying supply chains bites
World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demandFinancial Times - Jan. 16 -
Annual ‘winners’ for most egregious US healthcare profiteering announced
Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...The Guardian - Jan. 7
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Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico
Trump agreed to delay tariffs on Canada and Mexico after their leaders agreed to measures to stop the flow of the opioid fentanyl into the U.S.CNBC - 18m -
Palantir shares rocket 22% after company posts strong earnings and outlook
Palantir's earnings report follows a historic rally in the stock last year.CNBC - 1h -
Trump signs order establishing a sovereign wealth fund that he says could buy TikTok
The fund would serve as an economic development tool and perhaps be used to buy TikTok.CNBC - 35m -
Trump names Treasury Secretary Scott Bessent acting director of CFPB, as former head Chopra confirms he is out
Bessent, a former hedge-fund manager, was confirmed as head of the Treasury Department last week.CNBC - 1h -
Apple shares fall on concern Trump tariffs on China will hit profit
Among the tech megacaps, Apple may be the most vulnerable to President Donald Trump's announced tariffs on China.CNBC - 1h
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Tariffs don’t scare investors, but maybe they should
Perhaps the worst has already been priced in or markets just don’t know where to beginFinancial Times - 13m -
No Apology to Trump, ‘60 Minutes’ Head Producer Says
Bill Owens, the show’s executive producer, addressed his staff as CBS’s parent company, Paramount, pursues a legal settlement with the president.The New York Times - 17m -
Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico
Trump agreed to delay tariffs on Canada and Mexico after their leaders agreed to measures to stop the flow of the opioid fentanyl into the U.S.CNBC - 18m -
From beer to consumer products, these names could benefit from Trump’s tariffs
Starting Tuesday, the U.S. had planned to start collecting new 25% tariffs on goods imported from Mexico and Canada, as well as an additional 10% tariff on Chinese goods. However, the Mexican ...MarketWatch - 23m -
Trump agrees to delay tariffs on Canada and Mexico. Next up is talks with China.
President Donald Trump said Monday afternoon that he would delay tariffs on Canadian imports for 30 days in exchange for the neighboring nation’s commitment to tackle drug trafficking and security ...MarketWatch - 24m