Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024.Fabrice Coffrini | Afp | Getty ImagesInsurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive...
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S. premarket trading after the company reported its first profit in two years.Coinbase,...
The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012.Simon Dawson | Bloomberg | Getty ImagesBritish bank NatWest confirmed Paul Thwaite as its permanent chief executive on Friday and reported forecast-beating profit for 2023, as it gears up...
A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | ReutersToast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of...
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCShares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.Here's what analysts were expecting:Earnings per share: 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as RefinitivRevenue:...
A sign is posted in front of the Roku headquarters on February 18, 2022 in San Jose, California.Justin Sullivan | Getty ImagesRoku on Thursday reported a bigger fourth-quarter loss than expected, as it grappled with intense competition and lower customer spending, sending the streaming platform's shares down about 15% in...
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of...
Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously.Paris-listed shares were 6.9% higher at 9:27 a.m. London time.The company on Wednesday reported a...
Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion), up from 1.4 billion euros a...
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galica | CNBCCisco said in a statement on Wednesday that it would lay off 5% of its employees. The networking hardware maker has about around 85,000 employees, a spokesperson told CNBC, implying that the...