Deutsche Bank

Editor’s Note: This story was corrected to reflect Troy Teslike’s latest first-quarter estimate. Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is expected to report first-quarter productions and delivery figures next week, which could show a sequential decline from the fourth quarter...

The ongoing surge in Bitcoin (CRYPTO: BTC) prices is proving to be a boon for cryptocurrency miners. Their revenues have soared to unprecedented levels, thanks to a perfect storm of factors including the upcoming halving event and the growing interest from Wall Street, Deutsche Bank said in a...

Deutsche Bank AG, one of the first Wall Street banks to forecast a U.S. recession, has retracted its prediction almost two years later. What Happened: The bank’s economists, led by Matthew Luzzetti, acknowledged the robust 2023 economy, with inflation nearing the Federal Reserve’s 2%...

In a move to reassure investors of its ongoing recovery, Deutsche Bank AG (NYSE:DB) has announced a series of measures, including job cuts, share buybacks, and dividends. What Happened: The German lender revealed on Thursday that it would be reducing its workforce by 3,500 employees, primarily in...

Despite Bitcoin (CRYPTO: BTC) cracking the $43,000 mark, a survey found that 39% of retail investors expect a price drop below $20,000 by the end of the year. Technical analysts, however, continue to be bullish. What Happened: Bitcoin was up 2.5% in the past 24 hours and 6...

Shares of Western Digital Corp (NASDAQ: WDC) climbed in early trading on Tuesday, along with other stocks that received forecast revisions by top analysts. The San Jose, California-based company’s is likely to report its fiscal second-quarter results at the high end of guidance, given the...

Donald Trump’s daughter Ivanka Trump earlier this month testified in the New York civil case investigating the Trump Organization. Sifting through the testimony, the former president’s niece Mary Trump underlined her niece’s admission of chipping in with her assets to inflate his...

Deutsche Bank is reportedly looking to sell its 222 Broadway building, following a significant loss due to the departure of key tenants. The bank is prepared to accept a hefty loss on the property, which was purchased a decade ago for about $500 million. According to an article published by The...

Walt Disney Co. (NYSE:DIS) and other theme park operators, which have had lukewarm summer attendance, are gearing up to put the worst behind them and look ahead to the fall with optimism. What Happened: Disney, Cedar Fair L.P. (NYSE:FUN), which owns Dorney Park, Six Flags Entertainment Corp. (NYSE:...

Tesla, Inc. (NASDAQ:TSLA) struggles to break out of the lackluster phase it finds itself in and things are unlikely to look up in the near term, says a bearish analyst. Risks Abound: It’s time to short Tesla stock again, barring a banking crisis and the Federal Reserve rolling out more...

Nvidia Corp. (NASDAQ:NVDA) shares rose solidly in premarket trading on Thursday after the Santa Clara, California-based chipmaker reported second-quarter earnings and revenue that notably exceeded expectations. More importantly, the company issued upbeat guidance, with the revenue estimate coming...

Bud Light is regaining popularity among American consumers, as per a Deutsche Bank survey. What Happened: According to a report by Business Insider on Thursday, Deutsche Bank revealed that Anheuser-Busch InBev’s (NYSE:BUD) beer brand, Bud Light, has shown “...

SiriusXM Holdings Inc (NASDAQ:SIRI) became the focus of meme stock investors, experiencing a nearly 66% surge in share prices due to a short squeeze. However, the stock later retreated following analyst downgrades. Here's what investors need to know. What Happened: On Thursday, SiriusXM shares...

The Conference Board’s Leading Economic Index (LEI) — an early indicator of significant turns in the business cycle — sent out a warning on Thursday: a recession is coming. A Bleak Outlook: In June, the U.S. LEI saw a decline of 0.7% to 106.1, following a drop of 0.6% in May. Over the past...

On Friday, a U.S. judge granted preliminary approval to the $75 million settlement between Deutsche Bank AG (NYSE: DB) and the victims of convicted sex offender Jeffrey Epstein. The victims had alleged that Epstein's sex-trafficking enterprise could not have "existed or...