Deutsche Bank’s attempt to settle with shareholders over the underpayment related to the acquisition of Postbank has been met with sharp criticism from the plaintiffs’ lawyer. The offer of 36.50 euros per Postbank share has been labeled as a “crackhead” offer that is deemed “dead on arrival” by Jan Bayer, the lawyer representing the plaintiffs.
Rocket Lab, a space company, is seeing a surge in its stock price, jumping more than 16% and hitting a 52-week high after shipping two Mars-bound spacecraft to Cape Canaveral, Florida. This significant milestone is a major accomplishment for the company, showcasing its capabilities in designing, building, integrating, and testing spacecraft for prestigious clients such
The recent movement in U.S. Treasury yields can be attributed to the data showing a resilient U.S. consumer and lower inflation trends. This has provided the Federal Reserve with some leeway for a potential small rate cut in the upcoming months. The panic that ensued due to a spike in the unemployment rate, which led
Cisco shares surged approximately 8% on Thursday, marking their best day since March 2020. This spike came after the computer networking company disclosed that it would be reducing its workforce by 7%. Additionally, Cisco reported quarterly results that exceeded analyst expectations, prompting Morgan Stanley analysts to describe the results as better than anticipated. Cisco announced
Investing in equities can be a challenging endeavor, requiring specialized knowledge and guidance. With the rise of social media platforms, particularly TikTok, a new source of investment advice has emerged – finfluencers. These self-proclaimed financial influencers have gained popularity among young investors, who are increasingly turning to them for tips on how to grow their
In a surprising turn of events at the box office, Blake Lively has once again triumphed over her husband, Ryan Reynolds. Lively’s film, “It Ends With Us,” which she not only starred in but also produced, raked in an impressive $5.5 million on Wednesday. This marked the third consecutive day that the romance drama, directed
A group of federal lawmakers from both sides of the aisle recently sent a letter to Meta CEO Mark Zuckerberg expressing their deep concern regarding the company’s failure to prevent illicit drug advertisements from proliferating on its platforms, including Facebook and Instagram. According to reports from The Wall Street Journal and the nonprofit Tech Transparency
In the midst of ongoing and complex litigation, Charles Cohen’s Landmark Theatres is facing a challenging period as a judge recently set an auction date for the chain and other properties. The lawsuit was initiated by lender Fortress Credit Corp. after Cohen’s real estate holding company defaulted on a $534 million loan secured by Landmark
Financial technology firm Klarna recently announced its move into the banking sector with the launch of new products aimed at disrupting traditional retail banking. This article critically analyzes Klarna’s latest offerings and their potential impact on the fintech industry. Klarna is introducing a checking account-like product called “balance” and a cashback feature to incentivize users
UBS CEO Sergio Ermotti recently expressed his concerns about the potential intensification of market volatility in the second half of the year. While global equities experienced sharp sell-offs due to weak economic data in the U.S., Ermotti stated that he does not believe the country is heading into a recession. Despite the uncertainty surrounding the