The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency...
Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn't slowing down despite the emergence of Chinese startup DeepSeek and its more efficient AI models. Revenue in the three months ended Dec. 31 increased 4.6%...
Check out the companies making headlines in midday trading: Colgate-Palmolive — Shares slipped 4% after the household products company reported fourth-quarter revenue that missed analysts' expectations and forecast weak 2025 sales given negative effects from foreign exchange rates. KLA Corporation — The stock climbed 2% after the semiconductor company...
Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023.Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 19% after the software company blew past Wall Street's fiscal second-quarter earnings and guidance expectations. Shares traded near a fresh 52-week high and were on pace...
Customers waiting at the checkout in a supermarket.Markus Scholz | Picture Alliance | Getty ImagesGerman inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country's statistics office Destatis showed Friday in the last reading before Germans head to the polls next month.The reading was also in...
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.The bank said it achieved a 20% increase in net profit to 2.68...
Honolulu, US, January 31st, 2025, FinanceWireVoltage, a leader in Bitcoin infrastructure solutions, has announced that CEO and Founder Graham Krizek will speak at Plan B Forum 2025 in El Salvador, an event hosted by Tether that convenes industry experts in the Bitcoin ecosystem. Krizek will participate in a panel...
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois.Scott Olson | Getty Images News | Getty ImagesInflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank's target.The personal consumption...
Check out the companies making headlines in premarket trading. Apple — Stock in the iPhone maker climbed 4%. Apple's first-quarter results surpassed analyst estimates on the top and bottom line on Thursday, with the company's strong services revenue helping to offset weaker-than-expected iPhone sales. Chevron — The oil giant's...
Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Fourth quarter profit was $7.39 billion. Profit per share was $1.67, beating analyst estimates of $1.56, according to LSEG data.The No. 1 U.S. oil producer...