Rich Paul attends a basketball game between the National Basketball Association's Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020.Allen Berezovsky | Getty Images Entertainment | Getty ImagesRobinhood is partnering with Klutch Sport Group, LeBron James' agent Rich Paul's firm, as...
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024.Bing Guan | Bloomberg | Getty ImagesNew York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by...
European Central Bank policymakers on Thursday lowered their annual inflation and growth forecasts, as they confirmed a widely expected hold of interest rates.Staff projections now see economic growth of 0.6% in 2024, from a previous forecast of 0.8%.They presented a more positive picture on inflation, with the forecast for...
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform.The company also reported holiday earnings that beat Wall Street's expectations thanks to...
Check out the companies making headlines before the bell: Novo Nordisk — Shares jumped 6.6% after the Danish pharmaceutical company reported positive Phase 1 trial data for its new experimental obesity drug, amycretin. Eli Lilly, the company's American rival, dipped 0.7% on the news. Nvidia — Semiconductor companies rose...
A United Airlines Boeing 787-8 Dreamliner aircraft is seen taking off from Amsterdam Schiphol Airport.Nicolas Economou | Nurphoto | Getty ImagesUnited Airlines is planning to launch flights to Marrakesh, Morocco, and Medellin, Colombia, and ramp up its service to Asia, in the carrier's latest bet that consumers will continue...
Maskot | Digitalvision | Getty ImagesShares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a "volatile economic environment."Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become...
Mannequins display men's suits inside a Hugo Boss showroom.Bloomberg | Bloomberg | Getty ImagesShares of Hugo Boss plunged 18%, before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand.The German high-end fashion brand was on course for its...
While many entrepreneurs are currently facing the harsh reality of a VC funding crunch, Qonto isn’t one of them. The Paris-based business banking startup still has hundreds of millions of cash on hand. And it is using an undisclosed portion of its cash reserve to acquire Regate, an accounting...