Business - Page 101

Five years after the failed merger attempt between Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE), speculation about a potential deal has been reignited. Germany, facing an uncertain outlook for bank profitability and a

The U.S. dollar has started the year on a strong note, despite hedge funds and foreign exchange speculators doubling down on their bets against the world’s reserve currency. Recent data from the

Hunter Biden, the son of U.S. President Joe Biden, entered a plea of not guilty on Thursday in a federal court in Los Angeles regarding tax charges related to his business dealings,

Wells Fargo reported a stronger-than-expected fourth-quarter profit, driven by cost-cutting measures, although it issued a cautionary warning about a potential 7% to 9% drop in net interest income for 2024, sending its

On Friday, Microsoft (MSFT.O) achieved a significant milestone by surpassing Apple (AAPL.O) in stock market value for the first time since 2021. This development positioned Microsoft as the world’s most valuable company,

Bitwise, the crypto asset manager, reported an impressive influx of $240 million into its spot bitcoin exchange-traded fund (ETF) on Friday, surpassing the other 10 similar products that debuted for trading just

Circle Internet Financial, the company responsible for the popular stablecoin USDC, announced on Thursday that it has confidentially filed for a U.S. initial public offering (IPO), marking a significant step towards becoming

Hertz Global Holdings (HTZ.O) has announced its decision to sell approximately 20,000 electric vehicles (EVs) from its U.S. fleet due to mounting expenses associated with collision and damage repairs. The company intends

Amazon.com (AMZN.O) has announced its plans to reduce its workforce in the streaming and studio divisions, affecting several hundred employees. This move comes as many companies continue to implement significant job cuts,