Deutsche Bank shares drop after quarterly profit falls, cost target scrapped

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  Deutsche Bank chief says ‘nothing is off limits’ as profits plunge

  Christian Sewing has ‘firm confidence’ lender will hit returns target this year as it reviews weaker units
  
  Financial Times - 7h

• Deutsche Bank is a victim of its own success as it hikes cost guidance

  Deutsche Bank delivered bad news on spending, and investors weren’t happy.
  
  MarketWatch - 8h

• Microsoft shares slip on weak quarterly revenue guidance

  Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.
  
  CNBC - 17h

• Burberry shares jump 13% after better-than-expected quarterly sales

  Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
  
  CNBC - 6d

• SK Hynix profit soars to a record high on AI boom, but shares drop on demand uncertainty

  SK Hynix CFO Kim Woohyun said that the outlook for memory demand in 2025 was clouded by inventory adjustments, protective trade policies and geopolitical risks.
  
  CNBC - Jan. 23

• 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 demand
  
  Financial Times - Jan. 16

• Big US banks set for $31bn quarterly profit as Wall Street business booms

  Trading activity boosted in final quarter of 2024 by Donald Trump’s election win
  
  Financial Times - Jan. 13
• 

  Pound falls to lowest in over a year after UK borrowing costs rise

  Economists have warned the rise could mean further tax hikes or spending cuts by the government.
  
  BBC News - Jan. 9

• Tesla shares slide after it reports first drop in annual deliveries

  Tesla's fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.
  
  CNBC - Jan. 3

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• Southwest risks regulatory scrutiny after including adjusted revenue with quarterly numbers

  SEC only allows companies to adjust revenue figures under limited circumstances.
  
  MarketWatch - 11m

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