German economy contracts 0.2% in 2024 in second consecutive annual slowdown
Read more at CNBC
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FirstFT: Germany’s economy contracts for second straight year
Also in today’s newsletter, South Korea’s impeached president is arrested and powerful Wall Street dealmaker joins OpenAI boardFinancial Times - 3h -
German economy shrinks for second consecutive year
Europe’s largest economy contracted by 0.2% in 2024Financial Times - 5h -
2024-25 MLB Free Agent Tracker: Top players, latest Hot Stove signings, biggest contracts, best available
Roki Sasaki, Alex Bregman, and Pete Alonso are among the big names left on the free agent market in Major League Baseball.Yahoo Sports - 1d -
Earth sees second consecutive year of record-hot temperatures
{beacon} Energy & Environment Energy & Environment The Big Story Earth sees scorching temps in hottest year on record: NOAA Earth saw its hottest year ever recorded last year, according to data ...The Hill - 4d -
New York City’s Economy Surged in 2024. A Trump Shake-Up Looms.
The city has made up much of the ground it lost amid the coronavirus pandemic. Donald J. Trump’s return to the White House could upend that recovery.The New York Times - 5d -
Second Ports Strike Avoided as Dockworkers Reach Contract Deal
An agreement on automation and job preservation was crucial to the six-year agreement between the union and management at major East and Gulf Coast ports.Inc. - 5d -
Struggling German carmaker VW reports sales drop for 2024
Yahoo News - 6d -
German electric vehicles sales collapse in 2024 after end of subsidy
Yahoo News - Jan. 6 -
Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
Tesla’s global annual sales fell for the first time in more than a dozen years, a blow to a stock that has soared since Donald Trump's election and its CEO billionaire became a top policy adviser ...ABC News - Jan. 2
More from CNBC
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Core inflation rate slows to 3.2% in December, less than expected
The consumer price index was expected to rise 0.3% in December and show an annual inflation rate of 2.9%.CNBC - 18m -
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - 9m -
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.CNBC - 6m -
Wells Fargo shares jump after earnings beat, strong 2025 guidance
The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.CNBC - 22m -
Goldman Sachs tops estimates on strong trading results
Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.CNBC - 14m
More in Business
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Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.CNBC - 6m -
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - 9m -
Goldman Sachs tops estimates on strong trading results
Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.CNBC - 14m -
Bond king Gundlach says investors have ‘left the bus’ as yields spike during Fed cuts. Here’s his advice.
DoubleLine Capital’s chief investment officer and founder Jeff Gundlach sounded off on the economy and markets in webcast to clients late Tuesday.MarketWatch - 17m -
US inflation rises to 2.9% in December
Increase meets expectations and comes as Federal Reserve considers when to cut interest ratesFinancial Times - 17m