Finance

Deutsche Bank and Commerzbank’s chief executives have resumed talks over a potential merger of Germany’s two biggest lenders, Focus magazine reported on Friday, citing people familiar with the matter. Deutsche Bank and Commerzbank declined to comment. Deutsche Bank shares were indicated to start trading 0.1 percent higher, while Commerzbank was expected to trade 0.2 percent
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The Federal Reserve says the U.S. economy was expanding in January and February, but half the country was seeing fallout from the 35-day partial government shutdown. Some manufacturers expressed worries about weakening global demand for their products and adverse effects from President Donald Trump’s trade policies. In its latest report on economic conditions around the
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Check out the companies making headlines after the bell: American Eagle Outfitters shares fell more than 4 percent after hours Wednesday based on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv estimates of $1.26 billion. Earnings per share were 43 cents, topping estimates of 42 cents. The
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Check out the companies making headlines after the bell: Shares of NIO tanked more than 8 percent in extended trading after the Chinese electric automaker released its fourth-quarter earnings results, noting a slowdown in vehicle deliveries. “Deliveries of the ES8 in January and February 2019 were 1,805 and 811 vehicle respectively, which reflect a greater
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Square reported fourth-quarter earnings that beat analysts’ expectations on Wednesday. Guidance for the first quarter though, was weaker than expected. Here’s how the company did compared with Refinitiv consensus estimates: Earnings: 14 cents per share vs. 13 cents per share, forecast by Refinitiv Adjusted revenue: $464 million vs. $454 million, forecast by Refinitiv Shares fell
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Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates
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The Cooneys walked into the office to hear their test results. Matt Cooney, a 79-year-old retired television sportscaster, was informed that his financial decision-making capacity was in jeopardy. Dobe Cooney admitted that her husband had lost track of their bills a few times lately. “We don’t leave the teeth in the refrigerator or anything like
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The economic slowdown in China will affect Oversea-Chinese Banking Corp’s ability to grow its loans business this year, the lender’s chief executive said on Friday. OCBC, the second-largest Singaporean bank by assets, reported a 9 percent increase in customer loans in 2018. That growth rate is expected to moderate this year amid greater uncertainties in
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