Commerzbank shares jump 20% after UniCredit buys 4.5% stake from the German government

Commerzbank Lifts Guidance as UniCredit Circles

Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.

Business - The Wall Street Journal - 3 days ago

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

Top stories - The New York Times - November 1

UniCredit and Commerzbank square off with target hikes amid takeover battle

UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.

Business - CNBC - 3 days ago

German Government at Risk of Collapse After Rift on Economy

A breakup of the divided and unpopular coalition well before elections set for next September could leave the country directionless at a critical time for Europe.

World - The New York Times - November 2

Qualcomm shares fall after report of Arm threat to scrap key license in escalating dispute

Qualcomm shares fell on Wednesday after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.

Business - CNBC - October 23

Amazon shares jump 6% after earnings beat

Amazon's latest upbeat results were driven by growth in cloud and digital advertising.

Business - CNBC - November 1

JDE Peet’s shares surge as JAB buys Mondelez $2.4 billion stake at a premium

JDE Peet’s also appointed former Kraft Heinz exec Rafa Oliveira as its new CEO as the coffee seller said it’s sales have put it on track to achieve its full-year outlook

Business - MarketWatch - October 21

Kenvue shares surge after activist Starboard takes stake

Starboard Value has amassed a significant stake in Kenvue, which spun out of Johnson & Johnson in mid-2023.

Business - CNBC - October 21

German government collapses after Olaf Scholz sacks finance minister

Unexpected move throws Europe’s largest economy into political disarray and is likely to lead to snap elections in March. The German government has collapsed after the chancellor, Olaf Scholz, ...

World - The Guardian - 2 days ago

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - October 24

Tesla shares jump, Elon Musk predicts at least 20% vehicle growth next year

Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations.

UniCredit Raises 2024 Outlook After Earnings Rise

UniCredit lifted its earnings guidance for the year after reporting a net profit increase that exceeded expectations.

Business - The Wall Street Journal - 3 days ago

Netflix rose 11% after third-quarter earnings beat

Netflix saw momentum in its ad-supported membership tier, which surged 35% quarter over quarter.

Business - CNBC - October 18

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - October 24

Snap shares jump after results come in better than expected

Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 ...

Business - MarketWatch - October 30

Novo Nordisk shares jump 8% after Wegovy sales beat expectations

Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.

Business - CNBC - 3 days ago

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24

EstéeLauder Shares Plunge 21% After It Slashes Dividend

The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.

Business - The Wall Street Journal - October 31

Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs

Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.

Business - CNBC - October 25

Legendary buys out China's Wanda ownership stake

'Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.

Entertainment - Los Angeles Times - October 14

Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.

Business - CNBC - October 24

From Browsing to Buying (and Buying Again)

Five strategies to create a customer experience that drives loyalty.

Business - Inc. - 3 days ago

Oracle applies to join Epic and others in new federal medical record network

Oracle announced Monday that it intends to join a federally-backed medical information exchange network called TEFCA

Business - CNBC - October 28

Trump Media shares surge 21% after Trump rally in New York City

Shares of Trump Media rocketed up more than 21%, pushing DJT stock above its recent peak and adding billions of dollars to Donald Trump's on-paper net worth.