The Israel-Hamas war is affecting the financial outlooks of these large companies
The conflict is shaking up everything from advertising to supply chains.
Financial News
Saudi Arabia is serious about its Jan. 1 deadline for companies to move regional headquarters to Riyadh — or lose out on government contracts
It’s holding on to its ultimatum that foreign firms need to base their regional headquarters in the kingdom or be barred from lucrative government contracts.
China’s former premier Li Keqiang has died, state media reports
China’s former premier Li Keqiang died just past midnight after suffering a heart attack while in Shanghai, Chinese state broadcaster CCTV reported Friday.
Meta’s ad rebound gets huge assist from China even though its services are banned there
Meta finance chief Susan Li told analysts on Wednesday that Chinese companies played a major role in the third quarter in driving revenue growth
Deutsche Bank shares surge 7% after net profit beats expectations
Deutsche Bank reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations.
Barclays narrowly beats profit forecasts on strong consumer, credit card business
Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations.
Say goodbye to retirement? A ‘soft saving’ trend is emerging among young people
Generation Z is leading the “soft saving” trend, a new financial approach that prioritizes personal growth and mental wellness over aggressive saving goals.
The ‘No. 1 question’ Ark Invest’s Cathie Wood gets on her website
The most popular question on Ark Invest’s website has nothing to do with investing in the U.S., according to the firm’s CEO Cathie Wood.
‘Incredibly harsh’: Up to 600 Americans are trapped in besieged Gaza
The Rafah crossing is at the border of southern Gaza and Egypt, and is one of only two points of entry and exit for the Palestinian territory.
Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Powell hinted the labor market and economic growth may need to slow to ultimately achieve the Fed’s goal.