Stocks
Deutsche Bank and Commerzbank shares crash
European bank stocks are losing massively in value, and Deutsche Bank and Commerzbank are particularly affected. The rise in the price of hedges against payment defaults is particularly striking, further increasing nervousness among bank investors. Deutsche …
Porsche celebrates successful year 2022
Porsche successfully closed 2022 with a jump in profits thanks to higher prices. The sports car manufacturer reported a 13.6 percent increase in sales to 37.6 billion euros, and operating profit rose by 27.4 percent to 6.8 billion euros last year. The return …
Six Dax companies defy crisis
Despite the global crisis and a reluctance to invest, six of the 40 DAX-listed companies in the leading index have managed to continuously increase their net profits year-on-year since 2019. Companies such as BASF and Adidas had to absorb billion-dollar …
Gold miner Newmont to buy rival Newcrest
In the largest takeover bid announced this year, two of the world's largest gold mining companies are negotiating a merger to create a global production giant.
Record-breaking investments in emerging markets
Investors are flocking to emerging market stocks and bonds at a near-record pace as falling inflation and the reopening of China's huge economy help reverse last year's decline.
Meme stock investor urges Alibaba to accelerate share buybacks
Ryan Cohen, who typically invests in meme stocks, is urging Alibaba to accelerate its share buyback plan after acquiring a minority stake in the Chinese e-commerce group.
Chinese stocks sell off after Xi Jinping's show of force
Chinese stocks, popular with big fund managers, were hit by a dramatic sell-off after President Xi Jinping's third term was confirmed, causing billions of dollars in losses to those who held on to their portfolios. The Nasdaq Golden Dragon Index, which tracks …
X1 Entertainment Group also trading in the USA since yesterday
X1 Entertainment Group (CSE: XONE - WKN: A3DXAS), a Canadian gaming and media portfolio company, became tradable on the OTCQB in the US yesterday (XOEEF). Mark Elfenbein, CEO of the company, said, "Listing on the OTCQB will provide easier access for U.S. …
Amazon is expanding its revenue streams
Amazon last week told third-party sellers who use its shipping services that it will introduce a "Holiday Peak Fulfillment Fee" from October 15 through January 14. The new fee is expected to increase the cost for sellers in the US and Canada by an average of …
US fossil fuel industry wants to get involved in hydrogen production
In the months leading up to the historic US climate bill, Jim Justice, the billionaire coal magnate and West Virginia governor who believes in divine intervention as a solution to climate change, became a hydrogen advocate. The unlikely advocate of a …