Deutsche Bank faced a setback as it reported a loss in its recent financial quarter, breaking a 15-quarter profit streak. The net loss attributable to shareholders stood at 143 million euros, slightly lower than the predicted 145 million euros. This loss was primarily due to a provision made for an ongoing lawsuit over its Postbank
Recent data from the Mortgage Bankers Association shows that mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances have decreased slightly to 6.82%. While this is the lowest level since February of this year and rates have dropped over twenty basis points in the last few weeks, potential homebuyers are still hesitant to
In recent years, the semiconductor industry has seen a significant shift in revenue generation, particularly from China. According to a report by Bank of America analysts, some of the world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a drastic increase in their China revenue since late 2022. This surge in revenue is attributed
Alphabet, the tech giant, experienced a 1% slip in extended trading despite reporting a beat on both top and bottom lines in the second quarter. The company earned $1.89 per share on $84.74 billion in revenue, surpassing consensus estimates. However, the revenue at its YouTube advertising segment missed forecasts. Shares of electric vehicle maker Tesla
Despite positive indicators of economic growth in the United States, a significant portion of the population feels otherwise. According to a recent survey conducted by Affirm, nearly 3 out of 5 Americans believe that the country is currently experiencing a recession. This perception is fueled by factors such as increased costs of living and financial
The real estate market experienced a significant drop in June, with sales of previously owned homes plummeting by 5.4% compared to the previous month. The National Association of Realtors reported a total of 3.89 million units sold on a seasonally adjusted, annualized basis, marking a 5.4% decrease from the previous year. This slowdown in sales
As Tesla prepares to report its second-quarter earnings, investors and analysts are keenly watching the numbers. Despite a challenging first half of the year, which saw Tesla reducing its workforce and experiencing a decline in vehicle deliveries, the company managed to exceed analyst expectations in some key areas. Tesla reported vehicle deliveries of 443,956 in
The introduction of spot ether exchange traded funds (ETFs) on Tuesday marks a significant moment for the cryptocurrency market. These ETFs are set to invest directly in ether, the cryptocurrency used in the Ethereum network, which many argue has a far wider use case than bitcoin. While there are already ether ETFs tracking futures contracts,
Coca-Cola recently announced an increase in its full-year outlook, citing a rise in global demand for its beverages in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coke raised its outlook for comparable earnings growth to a
United Parcel Service recently reported its second-quarter profit and revenue, which fell below expectations. The company’s revenue guidance for 2024 was also revised downwards to approximately $93 billion, lower than the initial forecast of $94.5 billion. This unexpected outcome resulted in a 7% drop in the company’s shares during premarket trading. Additionally, UPS adjusted its