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 - 11h

• 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 - 13h

• 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 - 21h

• 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
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  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

More from CNBC

• Apple shares rise 3% as boost in services revenue overshadows iPhone miss

  Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.
  
  CNBC - 12m

• Trump lashes out at Biden, DEI efforts after D.C. plane crash

  President Donald Trump, without offering evidence, said the collision between an American Airlines jet and an Army helicopter "could have been" due to DEI.
  
  CNBC - 2h

• Deadly American Airlines-helicopter collision highlights concerns with crowded U.S. airspace

  Airline executives have pushed the government to modernize air traffic control and alleviate congestion in some of the busiest air corridors in the U.S.
  
  CNBC - 1h

• Intel issues weak forecast, but beats on fourth-quarter results

  Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.
  
  CNBC - 19m

• RFK Jr. stumbles over basics of Medicare, Medicaid during Senate confirmation hearings

  Kennedy struggled to identify and explain the fundamental aspects of Medicare, which provides coverage to older and disabled Americans.
  
  CNBC - 4h

More in Business

• FDA approves Vertex’s non-opioid painkiller, first new kind of pain medicine in decades

  The Vertex drug is a milestone after a long history of unsuccessful efforts to develop painkillers without the addictive potential of opioids.
  
  CNBC - 12m

• FDA approves Vertex’s non-opioid painkiller, first new kind of pain medicine in decades

  The Vertex drug is a milestone after a long history of unsuccessful efforts to develop painkillers without the addictive potential of opioids.
  
  CNBC - 12m

• Apple shares rise 3% as boost in services revenue overshadows iPhone miss

  Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.
  
  CNBC - 12m
• 

  RFK Jr. Says He Won’t Keep Financial Stake in HPV Vaccine Lawsuits

  Senators had objected to the financial conflict posed by Robert F. Kennedy Jr.’s decision to retain a financial stake in lawsuits against a major drug company. It remains unclear whether any ...
  
  The New York Times - 16m

• Intel issues weak forecast, but beats on fourth-quarter results

  Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.
  
  CNBC - 19m