Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet's YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla —...
AT&T exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as higher-tier unlimited plans attracted customers.
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.The stock pared losses to trade down 7.3% at 04:37 ET. Elon Musk's...
Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million).Led since 2021 by former UBS investment banking chief Andrea Orcel, UniCredit is at the center of speculation over...
In emerging markets, fintech is profoundly transforming financial services. These markets, often characterised by underdeveloped financial infrastructure, benefit significantly from fintech innovations. This article delves into how fintech is reshaping financial services in these regions. We will explore success stories, the pivotal role of mobile money, and the unique...
Bank of Santander HeadquartersGetty ImagesBanco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil.The company's net profit attributable to the parent group came in at 3.207 billion euros...
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty ImagesGermany's largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank...
Alphabet on Thursday delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space. Total revenue in the three months ended June 30 rose 13.6% year over year to $84.74 billion, outpacing the $84.19 billion expected, according...