Archiv für den Monat: Februar 2024
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UK economy slipped into technical recession at the end of 2023
The U.K. economy slipped into a deeper-than-expected technical recession in the final quarter of last year, initial figures showed Thursday.
Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more
These are the stocks posting the largest moves in midday trading.
Deflation: Here’s where prices fell in January 2024, in one chart
The U.S. economy is seeing some consumer categories deflate, or fall in price. That’s largely happening for prices of physical goods.
Jeep, Dodge-maker Stellantis‘ profit slides as Detroit Three strikes bite
Stellantis reported a 10% annual decline in adjusted operating profit in the second half of 2023, as six-week strikes at the „Detroit Three“ automakers hampered production.
Renault shares up 7% as carmaker plans dividend hike
The company reported a group operating margin of 7.9%, towards the top end of its prior guidance.
High interest rates help Germany’s Commerzbank post best results in 15 years
Deutsche Bank analysts described the numbers as a „solid set of 4Q23 results“ and reiterated their buy rating on the stock.
Cisco says it’s cutting 5% of global workforce, amounting to over 4,000 jobs
Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year.