DIRS.INFO The most relevant business & tech news

☆ The fallout from empty offices is coming. Here's where investors could see the pain
▼ + stars: | 2023-04-14 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +12 min

As concerns about regional banks roiled markets, investors weighed another threat: commercial real estate. Also, layered on top of the property value pressure, are the tightening credit conditions brought on by the recent turmoil in the banking sector. There is no doubt this scenario is a toxic mix for the capital-intensive real estate industry. At the moment, many experts say the real estate market isn't causing trouble for banks, but fears about the financial system are likely worsening conditions in real estate because liquidity is being reduced. The biggest concern is seeing how many other companies join Brookfield , Blackstone and Pimco in handing back the keys on office properties, Clancy said.

[1/4] Law enforcement officers investigate the scene following an attack on bank ATMs in Ratingen, Germany, March 15, 2023. Courtesy of Achim Blazy/Handout via REUTERSRATINGEN, Germany, April 14 (Reuters) - In the German town of Ratingen, exploding cash machines are a hot-button topic. But in Germany, thieves are blowing ATMs up at the rate of more than one a day. Europe's largest economy has 53,000 ATM machines, a disproportionately high number that reflects Germans' preference for cash rather than bank cards. Germany is also working with officials in Belgium and France and at Europol to combat the cash machine crime wave.

☆ Swiss bank Julius Baer makes key appointments in Southeast Asia
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, April 13 (Reuters) - Zurich-based Julius Baer (BAER.S) has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee's previous role as group head of South East Asia, with all appointments coming into effect on Thursday, according to the statement. Prior to joining Julius Baer in 2015, he had worked with Credit Suisse, Deutsche Bank and J.P. Morgan, according to Thursday's statement. The appointments come as Julius Baer intensifies its focus on Asia, its second home market. Meanwhile, Julius Baer named Yee Kim Tan as its Singapore branch manager.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Wynn, Costco, Netflix, First Solar & more
▼ + stars: | 2023-04-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Netflix as sell Goldman said it's standing by its sell rating heading into earnings next week. Deutsche Bank adds a catalyst call buy on Enphase Energy Deutsche said it's bullish on the solar company's opportunities in Europe. Citi upgrades Merck to buy from neutral Citi said in its upgrade of the pharmaceutical company that it has an underappreciated pipeline of products. Deutsche Bank names a catalyst buy on Sherwin-Williams Deutsche said the paint company's earnings scheduled for later this month should "alleviate" investor concerns. Citi upgrades Steven Madden to buy from neutral Citi said in its upgrade of the shoe company that it sees "better wholesale trends" for Steven Madden.

☆ Stocks making the biggest premarket moves: Delta, First Solar, Steve Madden & more
▼ + stars: | 2023-04-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

United Airlines , American Airlines — Shares of other airlines also rose after Delta signaled strong demand for travel. The Wall Street firm boosted the stock's price target to $130, which implies 14% upside from Wednesday's closing price. The Wall Street firm said it expects Steve Madden to begin seeing stronger wholesale reorders in the second quarter. The Wall Street firm said growth in the drugs has "significantly outperformed" its expectations. The Wall Street firm said retail sales could be down close to 20% at U.S. dealers.

It's time to take some profit in First Solar after the stock's big run-up, according to Deutsche Bank. To be sure, the analyst raised its price target on the stock to $230 per share from $190. Yet, we believe that the current stock price … represents an expensive entry point for investors; we would see a valuation range of below $200/sh as more attractive." "We would look to get more constructive if the share price sees a significant downside," Blanchard said. Deutsche named Enphase Energy as its top long-term buy name among solar energy companies.

Known as Shapella, the latest upgrade to the Ethereum blockchain since its Merge upgrade will enable investors to redeem an offshoot of ether tokens that they have deposited in return for interest on the blockchain network over the past three years. Such so-called "staked ether" tokens currently account for about 15% of all ether tokens, according to data firm Dune Analytics, and are worth some $31 billion. Deposits & withdrawals for ETH, OP, ARB and ERC-20 tokens via the Ethereum, Optimism, and Arbitrum networks are now back online," Binance said in a tweet. The changes will likely lead to heightened volatility for ether, investors have predicted. In its last significant upgrade, Ethereum in September drastically reduced its energy usage - a move proponents said would give Ethereum an advantage as it seeks to surpass bitcoin.

April 12 (Reuters) - The software that underpins the second-biggest crypto coin ether is due for a software upgrade on Wednesday that will give investors access to more than $30 billion of the digital tokens. Such so-called "staked ether" tokens currently account for about 15% of all ether tokens, according to data firm Dune Analytics, and are worth some $31 billion. The upgrade is due for around 2230 GMT, according to a tweet by Tim Beiko of the Ethereum Foundation, a body that speaks for the Ethereum network. loadingThe changes will likely lead to heightened volatility for ether, investors have predicted. In its last significant upgrade, Ethereum in September drastically reduced its energy usage - a move proponents said would give Ethereum an advantage as it seeks to surpass bitcoin.

☆ Deutsche Bank says cutting risks from Russian IT operations
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Deutsche Bank (DBKGn.DE) is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany's biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in Moscow and St Petersburg as it looks to end its decades-long reliance on Russian IT expertise. "We continue to de-risk our operations in the Russia technology centre," the spokesperson told Reuters in an email. "This process is being conducted in a way that minimises business disruption and is in full compliance with relevant Russian legislation." Deutsche Bank has not yet made the formal decision to completely shutter its Russian IT operations, but the move is considered a done deal internally, the Financial Times added.

☆ Deutsche Bank to close down remaining Russian IT operations - FT
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - Deutsche Bank (DBKGn.DE) is winding down its remaining software technology operations in Russia's Moscow and St Petersburg as the German lender looks to end its two decades of reliance on Russian IT expertise, the Financial Times reported on Wednesday. The lender subsequently started relocating several hundred Russian IT experts to Berlin with Handelsblatt reporting that a mid-three-digit number of the IT experts having moved as of June last year. Deutsche Bank has not yet made the formal decision to completely shut down its Russian IT operations but the move is considered a done deal internally, the report said. Deutsche Bank did not immediately respond to a Reuters request for comment. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Jacqueline Wong and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Companies Deutsche Bank AG FollowNEW YORK, April 11 (Reuters) - A former Deutsche Bank AG (DBKGn.DE) investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors whom he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said. According to the indictment, Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in the document. His LinkedIn profile states that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020. Deutsche Bank said in a statement that while it would not comment on an ongoing legal proceeding, it "regularly supports law enforcement and regulatory oversight efforts, including appropriately responding to and cooperating with authorized investigations and proceedings."

☆ Club meeting recap: Jim Cramer says industrial giant Honeywell is a buy
▼ + stars: | 2023-04-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks fall, despite softer inflation Stocks gave up early gains Wednesday after having initially climbed on fresh data showing inflation cooled in March . Stick with Meta Meta Platforms (META) is still a terrific stock to own, Jim said Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-04-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Deutsche Bank named industrial Club holding Honeywell (HON) a short-term investment idea, citing its "highly attractive portfolio at this point in the cycle." The firm maintained an overweight rating on JNJ stock and a price target of $195 per share. Susquehanna maintained a positive rating on the stock and price target of $260 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Ex-Deutsche Bank investment banker charged in U.S. with crypto fraud
▼ + stars: | 2023-04-11 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

NEW YORK, April 11 (Reuters) - A former Deutsche Bank AG (DBKGn.DE) investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors who he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said. According to the indictment, Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in the document. His LinkedIn profile states that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020. U.S. prosecutors and regulators have been working to crack down on fraud involving digital assets.

But overall bank credit has been stalled at about $17.5 trillion since January. The response - less lending, tighter credit standards and higher interest on loans - was already taking shape. Hard data on bank lending and credit will come into play, augmenting topline statistics like unemployment and inflation that the Fed is focused on. Reuters GraphicsSENTIMENT WEAKENINGThe survey of large and small banks asks high-level questions - Are lending standards tighter or looser? A Dallas Fed bank conditions survey, conducted in late March after the two bank failures, indicated lending standards in that Fed regional bank's district have kept tightening, with loan demand falling.

☆ Here are Monday's biggest analyst calls: Tesla, Walmart, First Republic, Nikola, McDonald's & more
▼ + stars: | 2023-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said more price cuts are coming for Tesla. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its latest survey shows Walmart+ membership is at a record. UBS reiterates McDonald's as buy UBS said the fast food giant is extremely well positioned. UBS upgrades Regions Financial to buy from neutral UBS said in its upgrade of the regional bank that it likes the company's balance sheet. Northcoast upgrades McDonald's to buy from neutral Northcoast said it sees improved profitability for McDonald's .

Increasing global demand for liquefied natural gas over the next few years will help shares of New Fortress Energy more than double, according to Deutsche Bank. The firm initiated coverage of the natural gas company with a buy rating, and analyst Chris Robertson set his price target at $60 per share, implying 110% upside from last Thursday's close. "As such, we believe natural gas will be an important bridge fuel in the coming years as combustion of natural gas results in ~50% less carbon emissions [than] traditional coal combustion." Deutsche anticipates New Fortress Energy earnings will grow by more than 235% from 2022 to 2025. To be sure, Robertson's estimates assume that New Fortress Energy secures more of its volumes on period contracts rather than selling on the spot market.

☆ Deutsche Bank sees more than a 30% rally for this specialty biotech stock
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Deutsche Bank is more bullish on Catalent after the New Jersey-based company expanded its manufacturing partnership with Moderna . Catalent shares were upgraded to buy from hold on Monday, with a price target of $88 per share, Deutsche Bank said. CTLT YTD mountain Catalent received an upgrade from Deutsche Bank on Monday from hold to buy with a price target of $88 per share. Catalent shares were upgraded to buy from hold on Monday, with a price target of $88 per share, Deutsche Bank said. Stock Chart Icon Stock chart icon Catalent received an upgrade from Deutsche Bank on Monday from hold to buy with a price target of $88 per share.

☆ Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and more
▼ + stars: | 2023-04-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Micron Technology — Micron Technology's shares gained 8% after its rival Samsung Electronics announced that it plans to cut memory chip production in the near term. Excelerate Energy , EQT and other gas stocks — Shares of Excelerate Energy, EQT and other gas stocks ticked higher as natural gas futures climbed. Apple's stock price lost 2%, Google-parent Alphabet shed 2.8% and Microsoft lost 1.4%. New Fortress Energy — The stock gained 4% after Deutsche Bank initiated New Fortress as a buy. AMC's stock price popped 6.7%, IMAX soared by 2% and Cinemark gained 5.7%.

☆ These stocks have the most upside in the second-quarter, analysts say
▼ + stars: | 2023-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through the most recent quarterly research reports to find stocks with upside as the new quarter gets underway. They include: Simon Property, Spotify , Netflix , Enphase and Palo Alto Networks. Palo Alto Networks The cybersecurity company is firing on all cylinders, RBC said earlier this week in its top second-quarter picks note to clients. Hedberg believes Palo Alto has a unique opportunity to take share in a rapidly burgeoning field. ... .We view Palo Alto as well positioned to benefit from an increasingly complex security and threat landscape and as an industry leader in security."

☆ Car dealers reveal the 9 questions you should always ask before buying
▼ + stars: | 2023-04-08 | by ( Alexa St. John | ) www.businessinsider.com time to read: +9 min

Many of the car brands with more inventory on lots than others might also have higher loan payments. "The role of a dealer isn't just to sell them a car, it's to help them find the lowest interest rate possible, and that's both new car dealers and used car dealers. "Even based on the specific car, one bank may provide a lower interest rate on a specific sort of make and model." The used car market might be even more complicated for car shoppers than the new market right now. As a result, far fewer car shoppers have opted to lease a car in recent years.

Credit Suisse's investment bankers are not waiting around to find out if UBS will give them jobs. UBS executives have pulled no punches when discussing the future of Credit Suisse's investment banking teams and trading desks. Jeff CohenA two-decade Credit Suisse veteran, Cohen heads up Credit Suisse's leveraged and acquisition finance business from New York. Previously, Cohen was Credit Suisse's head of global credit products and global head of leveraged finance capital markets. Marco SuperinaA Credit Suisse veteran since 1997, Superina heads Credit Suisse's M&A efforts in the firm's native Switzerland.

☆ Sterling is the best performing G10 currency this year, and strategists remain cautiously optimistic
▼ + stars: | 2023-04-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. Shomos Uddin | Moment | Getty ImagesLONDON — The British pound is the best performing G-10 (Group of Ten) currency of 2023, and some strategists believe the pound's rally can continue over the medium term. The currency has rebounded spectacularly from the record lows seen in September, after former Prime Minister Liz Truss' disastrous "mini-budget." Outlooks from the major economic forecasters have now been upgraded, with the OBR no longer projecting a technical recession — defined as two consecutive quarters of negative growth — in 2023. The market is pricing around a 63% chance of a further quarter-point hike at the Bank's May meeting.

"It cannot be that financial institutions are doing well because they treat their customers badly," Chan-Jae Yoo, a BaFin official, said in an interview. Deutsche Kreditwirtschaft, an umbrella organisation that lobbies for German finance, said German banks are "extremely stable and robust" and confidence remains "high" and "unaffected" by recent turmoil stemming from the collapse of lenders in the United States and Switzerland. "The mere fact that consumers are increasingly asking us and seeking our advice is proof enough that they do not fully trust financial institutions," he said. Protections and rights for customers of financial institutions have come under increased scrutiny from regulators and the German courts. "We want services to establish themselves in the marketplace that meet consumer needs, not feed the financial industry," he said.

☆ Here are Thursday's biggest analyst calls: Netflix, Apple, Amazon, Microsoft, FedEx, Pinterest & more
▼ + stars: | 2023-04-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Raymond James upgrades FedEx to outperform from market perform Raymond James said and "undeniable" positive change is underway at the shipping giant. "We are initiating coverage of XPO, one of the largest less-than-truckload (LTL) carriers, in North America, with an Outperform rating and a $44 target price." "We are initiating coverage of Skyworks Solutions, with a Buy rating and $150 target price. Raymond James upgrades Wells Fargo to strong buy from outperform Raymond James said the banking giant is well positioned in the current environment. Raymond James initiates Pinterest as outperform Raymond James said it sees "steady user growth" for Pinterest.

Search resuls for: "Deutsche Bank"

25 mentions found