Month: January 2020

Deutsche Bank posted a 1.6 billion euro ($1.78 billion) loss in the fourth quarter of 2019, bringing the total loss for the year to 5.7 billion euros as the bank undergoes a costly overhaul, the lender said on Thursday. It was the third consecutive quarterly loss and fifth annual loss in a row for Germany’s top bank. Analysts on average forecast Deutsche would lose 1 billion euros in the quarter and 5 billion euros for the full year. …read more […]

Q4 2019 3M Co Earnings Call …read more […]

(Bloomberg Opinion) — Samsung Electronics Co.’s earnings report and outlook reflect doom and gloom. Many are surprised. Positive signs from chip rival Taiwan Semiconductor Manufacturing Co. and smartphone stalwart Apple Inc. had fed the belief that the South Korean giant would put the worst behind it. The key takeaway here is that a rising tide doesn’t lift all boats.On the surface, as the one of the world’s biggest technology companies, it might be reasonable to suggest that Samsung ought to benefit from the turnaround enjoyed by major rivals. In reality, a major reason why Samsung is suffering while others …read more […]

(Bloomberg) — Asian stocks slumped to a seven-week low and sovereign bonds rallied amid mounting evidence that the coronavirus epidemic is disrupting the world’s second-largest economy.A slew of companies have suspended some of their China operations for the time being in the effort to contain the disease, and economists have started cutting growth forecasts. Japanese shares slid more than 1%, and Korea, Hong Kong and Australia saw losses. Taiwan tumbled over 4% as that market came back from a holiday. U.S. futures dropped and Treasury yields added to declines. The yuan dipped offshore.Foxconn’s Hon Hai Precision Industry Co. — which …read more […]

The news raised concerns that Facebook’s days of astronomical growth were firmly in the rearview mirror, and shares of the world’s biggest social network dropped 7.2% in extended trading. Facebook reported its slowest-ever revenue growth for the fourth quarter, at 25%, and Facebook’s chief financial officer, David Wehner, said on a call with investors that the pace of expansion will slow further in the first quarter of 2020. Wehner forecast a percentage point decline in the growth rate in the low- to mid-single digits, citing Facebook’s maturing business, the impact of global privacy regulation and concerns about ad …read more […]