The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Shareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector. “The Offer is…
Kelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C. Kris Tripplaar | SIPPL Sipa USA | AP Boeing CEO Kelly Ortberg on Tuesday laid out a recovery plan for the company as he faces investors antsy for answers after the plane-maker posted its sixth consecutive annual…
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report fourth-quarter earnings before the bell Tuesday. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: Earnings per share: $1.89…
Check out the companies making headlines in midday trading: Nvidia — The chipmaker tumbled nearly 16% as the performance of a language model from Chinese startup DeepSeek raised questions about the amount of investment in artificial intelligence. With that performance, the high-flying AI name is on track to notch its worst day since March 2020….
The World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — A slew of releases last week demonstrate how Chinese companies such as DeepSeek and ByteDance have moved quickly with artificial intelligence models that compete with OpenAI’s ChatGPT. Now, many companies in China are increasingly building on that foundation…
U.S. President Donald Trump speaks about prescription drug prices during an appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 20, 2020. Carlos Barria | Reuters Pharmaceutical companies appear to be hopeful about their growth under a Trump administration, after former President Joe Biden took a hardline stance on…
Tariffs or not, Chinese markets are still waiting for earnings to turn around, analysts point out. “Regardless of what the number of the tariffs are for China, it comes back to the domestic stimulus for China and whether China can alleviate the deflation pressures,” Aaron Costello, head of Asia at Cambridge Associates, said Thursday. Beijing…
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made…
Check out the companies making headlines in midday trading: Verizon Communications — The telecommunications giant saw shares climb 1% after the firm posted its strongest quarterly wireless subscriber growth in five years, boosted by solid demand for its customizable offerings such as myPlan. Verizon reported earnings of $1.10 per share last quarter, matching an average…
Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent to its employees, the Minneapolis-based retailer said it will end its three-year DEI goals, stop reports to external diversity-focused groups like the Human Rights…
