Buy-Now-Pay-Later Firms Shift From Gen Z to Businesses
(Bloomberg) -- Fresh from their shake-up of Gen Z’s shopping habits, buy-now-pay-later firms are now targeting business payments as the next sector ripe for disruption.Startups such as...
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European Stocks Rise Amid Fed Decision Expectations, Earnings Glut
By Scott Kanowsky Investing.com -- European stocks opened higher on Wednesday, as traders await a key Federal Reserve policy decision and digest a fresh batch of corporate earnings. At...
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Wall Street Says a Recession Is Coming. Consumers Say It's Already Here
(Bloomberg) -- The recession calls are getting louder on Wall Street, but for many of the households and businesses who make up the world economy the downturn is already here. Take Gina...
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Oil Drops as Hawkish Powell Testimony Amplifies Recession Fears
(Bloomberg) -- Oil dropped as Federal Reserve Chair Jerome Powell’s testimony before a House committee heightened concerns of an impending recession. West Texas Intermediate dropped to...
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Traders Pounce on Recession Hedges at Fastest Pace Since 2020
(Bloomberg) -- Money managers around the globe are pouncing on market hedges that pay off in a recession at the fastest pace since the dark days of the pandemic as the risk rout...
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European Banks Tumble After Unnamed Investor Sells Large Stakes in Deutsche Bank and Commerzbank
European stocks are down today after an undisclosed investor sold significant stakes in some of the largest banks in the region. The STOXX Europe 600 index slipped 1.2% in the morning, while...
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Asian Stocks Up, Investors Continue to Digest Fed Hikes Rates
By Gina Lee Investing.com – Asia Pacific stocks were up on Thursday morning, with the U.S. Federal Reserve betting that the U.S. economy will be able to weather its campaign against high...
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Deutsche Bank Probes Staff’s WhatsApp Use as U.S. Cracks Down
(Bloomberg) -- Deutsche Bank AG (NYSE:DB) is conducting an internal probe into the extent to which staff used private messaging channels such as WhatsApp, amid a crackdown from U.S....
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Fed Rate-Increase Path to Be Data-Dependent, Measured, Daly Says
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. San Francisco Federal Reserve President Mary Daly said it’s paramount for the...
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Asian Stocks Down as Investors Brace for Hawkish Fed
By Gina Lee Investing.com – Asia Pacific stocks were mostly down on Monday morning, with a potentially tighter U.S. Federal Reserve monetary policy weighing on sentiment. Investors also...
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Deutsche Bank Slips on $9.8 Million Fine for Euribor Control Lapses
By Dhirendra Tripathi Investing.com – Deutsche Bank stock (NYSE:DB) (DE:DBKGn) traded 0.5% lower in Germany Wednesday after the lender was fined €8.66 million ($9.8 million) by the...
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Deutsche Bank Falls; Trading Income Takes a Hit
By Dhirendra Tripathi Investing.com – Deutsche Bank (DE:DBKGn) stock (NYSE:DB) fell 5.5% on Nasdaq in Wednesday’s premarket trading as revenue from trading in fixed income...
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Starbucks Gains After BofA, Deutsche Call It a Buy
By Dhirendra Tripathi Investing.com – Starbucks stock (NASDAQ:SBUX) rose 1.5% on Monday after BofA Securities (NYSE:BAC) and Deutsche Bank (NYSE:DB) rated it a buy. BofA resumed its coverage...
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Goldman and JPMorgan Say Buy the Dip as Inflation Seen Temporary
(Bloomberg) -- Stagflation fears may be rising, but strategists at some of Wall Street’s biggest banks say it’s a good time to buy the dip in stocks. “Despite near-term uncertainty, we...
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Biggest U.S. Banks Expand Trading Dominance Over European Rivals
(Bloomberg) -- As the coronavirus helps the big get bigger across industries and regions, a trio of U.S. banking powerhouses is seizing market share from European rivals in trading revenue. ...
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Best Emerging Currencies Lose Steam as Rate-Hike Bets Wane
(Bloomberg) -- Some of this year’s best-performing emerging-market currencies are falling out of favor as traders trim back bets on further interest-rate hikes. The Brazilian real and the...
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Forget Taper, Real Deal for Bonds at Jackson Hole Is Inequality
(Bloomberg) -- What policy makers say about economic inequality at this month’s Jackson Hole symposium is potentially a bigger deal for bond investors than any taper talk, according to one...
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Fed Tells Judge Scrapping Libor Too Soon Would Spur Market Chaos
(Bloomberg) -- The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global...
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Junior Bankers’ Raises Widen Record Pay Gap Among College Grads
(Bloomberg) -- Much of Michael Lewis’s graphic description of life for junior bankers in the early 1980s still rings true today. Fresh college grads “gave themselves over entirely” to firms,...
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Deutsche Bank, SocGen Among Weakest in European Stress Test
(Bloomberg) -- Deutsche Bank AG (NYSE:DB) and Societe Generale (OTC:SCGLY) SA emerged among the weakest of the large European lenders in a stress test that regulators will consult when...
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MGM Resorts Gains On Deutsche Upgrade
By Dhirendra Tripathi Investing.com – MGM Resorts (NYSE:MGM) rose 4.4% as Deutsche (NYSE:DB) put a buy on the stock with a $54 target. The target price is 20% higher than the stock’s current...
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Fed’s Taper Timing Moves Into Focus After Dot-Plot Surprise
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Federal Reserve made some big headlines this week, but for a lot of...
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Deutsche Bank Slips; ECB Seeks Timely Chairman Succession
By Dhirendra Tripathi Investing.com – Deutsche Bank AG (DE:DBKGn) NA O.N. (NYSE:DB) stock was under pressure Friday following reports that the European Central Bank has asked it to...
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BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation
(Bloomberg) -- BlackRock Inc (NYSE:BLK). Chief Executive Officer Larry Fink said that investors may be underestimating the potential for a spike in inflation. “Most people haven’t had a...
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Fed’s Dot Plot May Back Up Powell’s Patience: Decision-Day Guide
(Bloomberg) -- While Federal Reserve Chair Jerome Powell has promised to maintain aggressive support of the U.S. economy, the central bank’s quarterly economic forecasts will show how many...
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Wall Street Is Rethinking the Treasury Threat to Big Tech Stocks
(Bloomberg) -- Don’t fear Treasury yields killing off the stock market’s golden goose just yet. As the Nasdaq 100 Index recovers from a $1.5 trillion rout, there’s good reason to think...
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U.S. Stocks Could See $170 Billion Stimulus Boost, Deutsche Says
(Bloomberg) -- U.S. stimulus checks could unleash a $170 billion wave of fresh retail inflows to the stock market, according to Deutsche Bank AG (NYSE:DB) strategists. A survey of retail...
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Cargill, Deutsche Bank Among Firms Taiwan Accuses of FX Speculation
(Bloomberg) -- Cargill Inc and Deutsche Bank AG (NYSE:DB) are among a group of major foreign companies under probe in Taiwan for speculating on the surging local currency last year,...
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U.S. Economy Seen Getting Boost as Democrats Near Georgia Sweep
(Bloomberg) -- Chances of another federal stimulus package are set to get a boost with Democrats close to sweeping this week’s Senate runoff elections in Georgia, offering the prospect of...
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Europe Urged to Keep Firebreaks Banks Blame for Blocking Mergers
(Bloomberg) -- A European Central Bank push to make it easier for the region’s chronically unprofitable banks to merge is facing opposition from some national regulators, with one top...
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