Commerzbank announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.
British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.
Chinese businesses are tapping DeepSeek’s newest AI model to see how it can improve productivity.
These are the stocks posting the largest moves in postmarket trading.
The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.
These are the stocks posting the largest moves in midday trading.
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.
The Wharton School professor is uncertain whether the megacaps can continue to enjoy the run they’ve had, and expects other parts of the market can start to outperform.
The NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas.