UniCredit and Commerzbank square off with target hikes amid takeover battle – CNBC
The logo of the German bank Commerzbank seen on a branch near the Commerzbank Tower in Frankfurt. Daniel Roland | AFP | Getty Images Two months after UniCredit made its first move to woo German lenders Commerzbankfinancial institutions flaunted their financial strength as one of Europe's biggest banking mergers remains in the balance. Both banks […]
Why is the Japanese yen hovering near three-month lows against the dollar – CNBC
On April 29, 2024, people line up outside a money exchange machine (L) as they wait to buy or sell foreign currency and Japanese yen along a street in central Tokyo. Richard A. Brooks | AFP | Getty Images The Japanese yen is hovering near a three-month low against the U.S. dollar after hitting $153.18 […]
Deutsche Bank swings back to quarterly profit as legal provisions cut, investment banking shines – CNBC
A Deutsche Bank AG sign at a bank branch in the financial district of Frankfurt, Germany, Thursday, February 2, 2023. Bloomberg | Bloomberg | Getty Images Deutsche Bank on Wednesday said its profit recovery in the three months to September was better than expected, after ending 15 straight quarters of profits in the second quarter. […]
Stock futures slide after S&P 500 posts first back-to-back decline since early September: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange (NYSE) on May 15, 2024 in New York City, USA. Brendan McDiarmid | Reuters Stock futures fell on Tuesday evening after the S&P 500 index posted its first consecutive loss since early September. futures linked to Broad market index It fell nearly 0.2%. dow […]
Here's when exchange-traded funds really flex their ‘tax magic’ for investors – CNBC
Christopher Grigat Moment | Getty Images Experts say investors can typically reduce tax losses in their portfolios by using exchange-traded funds rather than mutual funds. “ETFs have tax magic that mutual funds can't match,” said Brian Armor, director of North American passive strategies research at Morningstar and editor of the ETF Investor newsletter. states. I […]
IRS announces bigger estate and gift tax exemption for 2025 – CNBC
The Internal Revenue Service announced increases in inheritance and gift tax exemptions for 2025. “Basic deduction amount” Increased to $13.99 million The agency announced Tuesday that the amount will increase from $13.61 million per person in 2024 to $13.61 million in 2025. This exemption applies to tax-free transfers during life and at death. The IRS […]
Stock futures fall for a second day as rates continue to back up: Live updates – CNBC
Stocks making the biggest moves before the bell: Cheesecake Factory, Sherwin-Williams, etc. These are the stocks that are moving the most in pre-market trading. Cheesecake Factory — Shares rose more than 3% after activist investor JCP Investment Management asked the company to take a stake and consider spinning off three brands into separate companies. . […]
Jim Cramer explains why you should buy American Express on the dip – CNBC
CNBC's Jim Cramer told investors on Monday why he thinks it's smart to buy the stock. american express Wall Street was unimpressed with the latest earnings report, but said the company has a promising future, and the stock has been depressed. “American Express has had great success in attracting many young customers who will likely […]
Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more – CNBC
Check out the companies that made headlines after the bell: Nike — Shares rose nearly 1% after sneaker giant and athletics apparel company renewed uniform partnerships with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for the next 12 years. Zions Bancorporation — Regional bank shares rose […]
Street note lifts cybersecurity stocks, supports our call to own two names in sector – CNBC
Every weekday, Jim Cramer's CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. Bonds in the driver's seat: Stock markets take a breather Monday. A pullback this week would end the S&P 500's longest six-week winning streak of the year. Against the market, […]