Banking, Business

“Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit”

“Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago. The German lender said the settlement would allow it to release… Continue Reading…

Business

“Google agrees to America’s first newsroom funding deal. It’s already unpopular.”

“…Google has brokered a first-in-the-nation deal with California lawmakers to direct millions of dollars to local newsrooms, the latest in a series of global efforts to require tech companies to support the journalism they profit from…” https://www.politico.com/news/2024/08/21/google-california-newsroom-ai-00174817 Now this is… Continue Reading…

Business

“The decline of McDonald’s: How the golden arches lost their shine”

“…McDonald’s shared that its sales had fallen by one per cent worldwide across every company segment from April to June. It might not sound like a lot, but this marks the first decline in sales that the fast food behemoth has seen… Continue Reading…

Business, Stocks

“Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter”

“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…

Business, Stocks

AMC Update: 34.69 TRILLION Tokenized shares! The Amount Of Fraud Is Insane.

“Token Total Supply: 34,690,000,000,000.00 Total Token Holders: 2,933…” https://etherscan.io/token/tokenholderchart/0x426a688eE72811773eB64F5717A32981B56F10c1 This blows the fraud of FTX out the water. It looks like child’s play in comparison. “Did Sam Bankman-Fried’s FTX ‘Manipulate’ AMC Stock? …The Chainsaw had previously reported that it had discovered a… Continue Reading…

Business

“U.S. considers a rare antitrust move: breaking up Google”

“A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations…”… Continue Reading…

Business, Stocks

“S&P and Moody’s downgrade JetBlue amid $3 billion debt raise, shares sink”

“…Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue. It also plans to raise $400… Continue Reading…

Business

“Advertising group suspends brand safety unit after Elon Musk’s antitrust lawsuit”

“The World Federation of Advertisers said Thursday that it’s suspending the operations of its Global Alliance for Responsible Media nonprofit initiative. GARM was started in 2019 in part to help advertisers avoid having their promotions show up alongside content they… Continue Reading…

Business

“UK investment platform Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium”

“…British investment platform Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group… Shareholders in Hargreaves Lansdown — the U.K.’s biggest stockbroker — will get 1,110 British pence… Continue Reading…

Business

“Nintendo profit falls 55% as sales of its ageing Switch console plunge”

“Nintendo revenue and profit plunged in its firscal first quarter as sales of its ageing Switch console decline. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding… Continue Reading…