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Finance
Peloton shares plummet 20% as fitness company gives dismal outlook
Shares of Peloton plunged on Thursday after the fitness company warned investors it is still months away from growing sales or turning a profit.The retailer posted mixed results…
Stocks making the biggest moves premarket: Qualcomm, Merck, General Motors and more
Check out the companies making headlines before the bell. Qualcomm — The semiconductor stock shed 2% following a downgrade from Citi to neutral from buy . While Qualcomm beat both…
Formula 1 star Lewis Hamilton to leave Mercedes and join Ferrari in shock move: Reports
Lewis Hamilton of Mercedes ahead of the Formula 1 Abu Dhabi Grand Prix at Yas Marina Circuit in Abu Dhabi, United Arab Emirates on November 26, 2023.Nurphoto | Nurphoto | Getty…
Divided Bank of England leaves policy unchanged, says interest rates are ‘under review’
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams | Bloomberg | Getty ImagesLONDON — The Bank of England held…
Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021.Stefan Wermuth | Bloomberg | Getty ImagesSwiss…
Euro zone inflation eases as expected, but core figures disappoint
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal.Horacio Villalobos | Corbis News | Getty ImagesEuro zone headline inflation eased slightly in January,…
U.S. companies say it’s harder to make money in China now than before the pandemic
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING —…
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
A Shell logo displayed on a sign at a gas station in Nakuru, Kenya.Sopa Images | Lightrocket | Getty ImagesBritish oil giant Shell on Thursday beat expectations for full-year…
Deutsche Bank smashes profit estimates and boosts shareholder returns
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in…
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros…