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☆ Stocks making the biggest moves midday: Duolingo, JetBlue, Tesla, D.R. Horton and more
▼ + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.

Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, —, Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska

FRANKFURT, Germany (AP) — Deutsche Bank said Thursday that it would cut 3,500 jobs as part of efforts to slash costs by 2.5 billion euros ($2.7 billion) through next year and boost profits even as Germany’s largest lender benefits from higher global interest rates. The bank said it would seek to streamline its marketing network and computer systems and software as it seeks to cut costs. It said the reduction in the number of positions would mostly be for jobs that don't involve directly dealing with customers. The announcement came alongside the release of annual profit figures showing the bank made 4.2 billion euros ($4.5 billion) last year, a decline of 16% compared with 2022. It was, however, the fourth straight year in which the bank made a profit.

Persons: Christian Sewing Organizations: — Deutsche Bank, Revenue Locations: FRANKFURT, Germany

☆ At Trump's NY fraud trial, a rep for 'victim' Deutsche Bank wouldn't use the F-word — for fraud
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump's civil fraud trial, which could run him and Trump Org out of NY, is in its ninth week. A rep for Trump's biggest "victim," Deutsche Bank, testified Tuesday as an unlikely defense witness. AdvertisementDonald Trump's defense team tried to turn the tables at his civil fraud trial on Tuesday — calling a representative from his own biggest fraud victim, Deutsche Bank, to the witness stand in his defense. "We're expected to conduct due diligence and verify the information provided to the extent that's possible," the witness, Dave Williams, a Deutsche Bank managing director, told Trump's attorney Clifford Robert. Undaunted, Trump's side plans to continue Wednesday with direct examination of yet another Deutsche Bank official.

Persons: —, Donald Trump's, Trump, Letitia James, Dave Williams, Clifford Robert, Trump's, Williams, Sherief Gaber, Gaber, Arthur Engoron, Christopher Kise Jane Rosenberg, Christopher Kise, Kise, Kevin Wallace, general's, Eric Trump, Donald Trump Organizations: Trump Org, Deutsche Bank, Service, Trump, New, Trump Organization, Reuters Locations: NY, Miami, Chicago, Washington , DC, New York

☆ The top battle-tested and defensive stocks to buy in an uncertain world, according to analysts
▼ + stars: | 2023-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Uncertainty reigns, but Wall Street analysts named a wide range of stocks this week that they believe are battle-tested buying opportunities. They include: Mattel , CBOE , Marsh & McLennan, Warner Music Group and O'Reilly Automotive. CBOE "A Strong Defensive Play In Uncertain Times," Piper Sandler analyst Patrick Moley headlined a report earlier this week devoted to CBOE. Warner Music Group Warner Music shares are down 7.5% this year, but investors should buy the dip, according to Deutsche Bank. Marsh & McLennan — Deutsche Bank, buy rating "A Defensive Stock with Growth Characteristics.

Persons: Piper Sandler, Patrick Moley, Moley, Piper, CBOE, Ben Black, Black, Marsh, McLennan, Cave, Montazeri, O'Reilly, Mattel, Morgan Stanley, Read Organizations: Street, CNBC, Mattel, McLennan, Warner Music Group, O'Reilly Automotive, Warner Music Group Warner Music, Deutsche Bank, Warner Music, Marsh, Deutsche, MMC, — Citi, McLennan — Deutsche Bank, Disney Locations: Marsh, 4Q23

☆ Banks seek to quash women’s lawsuits in Jeffrey Epstein case
▼ + stars: | 2023-01-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

NEW YORK — Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges. The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking. The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier. “Without the financial institution’s participation, Epstein’s sex-trafficking scheme could not have existed or flourished,” the lawsuits claim. JPMorgan Chase said Friday that the Jane Doe in its case “is entitled to justice ...

☆ Tragedie într-o familie de moldoveni care se afla în Germania. Copilul de trei ani a murit, după ce a căzut în gol de la etajul patru. Rudele cer ajutor
▼ + stars: | 2021-06-30 | by ( Https | Www.Facebook.Com Unimedia.Info | Ion Ceban | ) unimedia.info time to read: 1 min

„În seara de 28.06 a avut loc o tragedie într-o tânără familie de Moldoveni, băiețelul lor de 3 ani a căzut de pe fereastra de la etajul 4 și din nefericire copilul a decedat”, se arată într-o postare a unei moldovence care la fel este stabilită în Germania. Potritiv presei germane, copilul se afla acasă cu părinții, dar aceștia se aflau în altă cameră, iar la un moment dat a mers la geam și a căzut de pe fereastră. Din cauza traumatismelor, băiețelul a murit la spital. Rudele cer ajutor pentru repatrierea corpului: — Deutsche Bank; DE42510700240039806505 — Artiom Florea.

Organizations: Deutsche Bank Locations: Germania

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