January 17, 2025 was a deadline for the implementation of the new Digital Operational Resilience Act (DORA) in the EU. This regulatory act establishes a number of important requirements financial institutions are obliged to follow – both EU residents and companies with a different registration, but which provide their...
Satya Nadella, CEO of Microsoft, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday.The software giant topped Wall Street's fiscal second-quarter estimates, posting earnings...
Igor Golovniov | Lightrocket | Getty ImagesCable giant Comcast is looking to the wireless business for growth.Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth...
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday.Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized...
Check out the companies making headlines before the bell. United Parcel Service — Shares fell more than 14% in premarket trading after the delivery giant said it reached a deal with Amazon , its largest customer, "to lower its volume by more than 50% by the second half of...
Jeff Fusco | Getty ImagesComcast topped Wall Street's fourth-quarter estimates on Thursday as revenue from the company's broadband business gave it a boost despite losing customers. Here is how the company performed for the quarter, compared with average analyst estimates from LSEG: Earnings per share: 96 cents adjusted vs 86 centsRevenue:...
Travelers check in at Southwest Airlines at Hartsfield-Jackson Atlanta International Airport on June 28, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty ImagesU.S. budget carrier Southwest Airlines' fourth-quarter profit surpassed Wall Street estimates on Thursday, helped by robust travel demand and improved airfares.The airline also forecast better-than-expected unit revenue (RASM),...
The Frankfurt skyline at dusk on a November day.Helmut Fricke | Picture Alliance | Getty ImagesThe German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany's statistics office Destatis on Thursday.The figure is adjusted for price, calendar and seasonal...
A general exterior view of the H&M fashion retail store in Oxford Circus on January 09, 2025 in London, England.John Keeble | Getty Images News | Getty ImagesShares of H&M dropped more than 5% on Thursday after the world's second-largest retailer missed sales forecasts in the fourth quarter.Sales at...
A Shell logo is displayed on May 03, 2024 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of...