Illustration shows the logo of Deutsche Bank Brussels, Saturday 25 March 2023.Nicolas Maeterlinck | Afp | Getty ImagesDeutsche Bank on Thursday beat expectations on the bottom line, as mixed results at main units saw an uptick in its investment unit offset a dip in corporate operations.Net profit attributable to shareholders reached 1.485 billion euros ($1.748 billion) in the second quarter, compared with a 1.2 billion forecast from Reuters.The lender’s revenues over the period reached 7.804 billion euros, in line with a mean analyst forecast of 7.76 billion euros produced by LSEG.The firm’s core investment banking unit reported a 3% year-on-year…
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The Lightyear app.LightyearSome of the biggest names of Estonia’s tech scene are backing Lightyear, a startup looking to become Europe’s answer to commission-free trading pioneer Robinhood.Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021.The company is set to announce later on Thursday that it has raised $23 million in a new round of funding led by NordicNinja, a Japanese-backed venture capital fund based in Europe. Estonian tech entrepreneur Markus Villig,…
Workers leave the Department of Education building during a rain shower in Washington, D.C., on Wednesday, May 21, 2025.Wesley Lapointe | The Washington Post | Getty ImagesEducation Dept. says it’s responding to court orderStudent loan forgiveness is paused for IBR borrowers because of court actions involving the Biden administration-era SAVE, or Saving on a Valuable Education, plan, the department said.Former President Joe Biden touted SAVE as the most affordable income-driven repayment plan in history, but its generous terms soon became a point of controversy for Republicans.In February, the 8th U.S. Circuit Court of Appeals sided with GOP-led states that sued…
The Trump administration in March said it was canceling $400 million in grants to Columbia University.Bruce Yuanyue Bi | The Image Bank | Getty ImagesColumbia University will pay $200 million to the federal government to restore the majority of funding that was cut by the Trump administration over allegations it violated anti-discrimination laws.”This agreement marks an important step forward after a period of sustained federal scrutiny and institutional uncertainty,” acting university President Claire Shipman said in a statement.The Trump administration in March said it was canceling $400 million in grants to the school, accusing it of “inaction in the face of persistent…
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.Elizabeth Frantz | Nathan Howard | ReutersU.S. President Donald Trump will visit the Federal Reserve on Thursday, the White House said, escalating his pressure campaign against Chairman Jerome Powell. This is the first time in nearly two decades that an American president has made an official trip to the central bank. American presidents have traditionally respected the independence of the central bank, which is insulated both in law and in practice from the political whims of elected officials.Trump’s visit is a remarkable symbolic move on that independence, bringing his drumbeat of…
Lan Ho, founder and CEO of Fat Miilk.Courtesy of Lan HoLan Ho was working as a retail pharmacist at Walgreens earning about $120,000 a year, before she decided to quit her job to start a coffee company.Getting the pharmacist role was no easy feat. She had gone through a decade of higher education, where she earned her bachelor’s degree in chemistry from Lindenwood University, her master’s degree in finance from Harvard University and her doctorate degree in pharmacy from the St. Louis College of Pharmacy.Despite everything she had already invested, Ho said she felt miserable working as a retail pharmacist. One…
A federal appeals court ruled on Wednesday that U.S. President Donald Trump’s executive order curtailing automatic birthright citizenship is unconstitutional. Bloomberg | Bloomberg | Getty ImagesA federal appeals court ruled Wednesday that U.S. President Donald Trump’s executive order curtailing automatic birthright citizenship is unconstitutional and blocked its enforcement nationwide.The 2-1 decision by the San Francisco-based 9th U.S. Circuit Court of Appeals marked the first time an appeals court has assessed the legality of Trump’s order since the U.S. Supreme Court in June curbed the power of lower court judges to enjoin that and other federal policies on a nationwide basis.The Supreme Court’s June 27 ruling in litigation over Trump’s birthright citizenship order limited the ability of judges to issue so-called universal injunctions and directed lower courts that had blocked the Republican president’s policy…
An Android character is displayed in front of a building on the Google headquarters campus on July 23, 2025 in Mountain View, California. Justin Sullivan | Getty Images Investors can have a reputation of being penny pinchers. For one, they tend to push up share prices on layoff announcements because of the associated cost savings. Accordingly, when a company reports slow revenue growth or an increase in spending, it’s more often than not punished in the stock market.After the bell on Wednesday, Alphabet said it would be spending $85 billion on infrastructure as it expands its artificial intelligence strategy this…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCNBC’s MacKenzie Sigalos joins ‘Fast Money’ to talk the latest out of Alphabet’s earnings call and what is driving the stock higher in overtime.04:424 hours agoMacKenzie Sigalos Source link
Chinese yuan appreciates to strongest level against greenback since November 2024 The Chinese offshore yuan appreciated to 7.1444 against the dollar, marking the strongest level since November 2024, data from LSEG showed.Similarly, the Thai baht appreciated to 32.07 per U.S. dollar, marking the strongest against the greenback since February 2022.— Lee Ying ShanJapan’s Topix hits record high as Asia-Pacific trading startsJapan’s broad-based Topix rose 1.2% to hit a record high in early Asia trading hours, data from LSEG showed.The benchmark Nikkei 225 rose 1.09%, extending gains from Wednesday following the announcement of Japan’s trade deal with the U.S.South Korea’s Kospi rose…
