By Tom Sims, Matthias Inverardi and Emma-Victoria Farr FRANKFURT (Reuters) – Deutsche Bank has raised its forecast for bad loans against the backdrop of a weak German economy, as the bank returned to profit in the third quarter, boosted by investment banking and a cut in reserves for Postbank lawsuits. This marked the second time in the last few months that Germany’s largest bank has increased its bad-debt provision forecasts. The bank’s shares were 3% lower by midmorning. “It feels the difficult German economic environment has started to impact Deutsche Bank revenues,” JPMorgan said in a note. The International Monetary…
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Luke, a proud owner of a C8 Corvette Z06 in Wichita, Kansas, has been enjoying his dream car for two months now. After a two and a half year wait, his expectations were exceeded by the car’s performance. While he hasn’t taken it to the track yet, it’s on his to do list. One of the features he values most is the front end lift, which he finds especially useful for getting around speed bumps and steep roads. The system can raise the ground clearance up to two inches and allows for programming up to 1,000 destinations. Although he initially…
Nissan has revealed their sleek new GEN3 Evo race car, set to compete in the upcoming season 11 of the ABB FIA Formula E World Championship. The iconic livery, a familiar Sakura cherry blossom theme, pays homage to the brand’s Japanese heritage. This season, Nissan’s electric racer boasts a significant upgrade: all wheel drive capability during qualifying, race starts, and attack mode. Leveraging their expertise in e-Power technology, Nissan is well-positioned to excel in the future of electric motorsport. Nissan’s GEN3 Evo Formula E Car Ready to Dominate Season 11 with Record Breaking Speed (Nissan) The GEN3 Evo offers impressive…
Image source: Getty Images Given the choice of taking a cool million pounds or a penny piece, surely there’s only one answer. Grab the million and wonder why somebody was daft enough to offer to you the choice in the first place. A million pounds isn’t worth as much as it was but would still be life changing. Whereas a penny…? It doesn’t even buy a chewy sweet these days. But let’s do some sums. Compound growth starts slowly DayAmount1£0.012£0.023£0.044£0.085£0.166£0.327£0.648£1.289£2.5610£5.1211£10.2412£20.4813£40.9614£81.9215£163.84 As the table shows, a penny rolls up very slowly in value. By day 10, with roughly a third of…
Volkswagen Group’s Automobili Lamborghini has issued a recall for certain 2024 Revuelto models due to a potential issue with the passenger side windshield wiper system. The recall affects 455 vehicles produced between April 27, 2023, and September 27, 2024, in the United States. The problem lies in the connecting rod that links the passenger wiper arm to the wiper motor. Lamborghini discovered that this rod may bend due to variations in raw material properties and dimensional limitations, potentially leading to separation from the wiper motor. Lamborghini Recalls 2024 Revuelto for Windshield Wiper Issue Amid V12 Legacy Transition (Lamborghini) To address…
By Kate Holton LONDON (Reuters) – Donald Trump’s campaign has accused British Prime Minister Keir Starmer’s Labour Party of “blatant foreign interference” in the U.S. presidential election after some volunteers travelled to help campaign for Kamala Harris. The Republican candidate’s camp has filed a complaint with the Federal Election Commission in Washington, calling for an investigation into what it termed apparently illegal contributions from Labour to the Harris campaign. British political volunteers have long travelled to the U.S. ahead of elections, with activists of the centre-left Labour Party typically supporting the Democrats, its sister party, and Conservatives backing the Republicans.…
(Bloomberg) — Apple Inc.’s (AAPL) Chief Executive Officer Tim Cook promised to keep investing in China during a meeting with Beijing’s top technology official, underscoring the country’s vital role in the iPhone maker’s global operations.Most Read from BloombergCook, making his second visit to the country this year, told China’s Minister of Industry and Information Technology Jin Zhuanglong that Apple would “continue to grow its investments in China and help the high-quality development of the supply chain,” according to a ministry post on WeChat.Apple CEO Tim Cook.Jin reportedly urged Cook in their Wednesday meeting to continue investing more in innovation in…
These five REITs ranked as the top performers over the past two decades. Real estate investment trusts (REITs) can be very enriching investments, especially over the long term. REITs have historically outperformed stocks over periods of more than 20 years. A big driver of those above-average returns is their growing dividends. Several REITs stand out for enriching returns over the past two decades: AMT Total Return Level data by YCharts To look at those returns through a different lens, these REITs have grown a $10,000 investment made 20 years ago into between $162,580 and $324,090, assuming dividend reinvestment. Here’s a…
(Bloomberg) — Arm Holdings Plc is canceling a license that allowed longtime partner Qualcomm Inc. to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology. Most Read from Bloomberg Arm, based in the UK, has given Qualcomm a mandated 60-day notice of the cancellation of their so-called architectural license agreement, according to a document seen by Bloomberg. The contract allows Qualcomm to create its own chips based on standards owned by Arm. The showdown threatens to roil the smartphone and personal computer markets, as well as disrupting the finances and operations of two of…
Image source: Getty Images Despite showing signs of life recently, Diageo‘s (LSE:DGE) price is down 35% from its 2022 highs. And I continue to think this is a passive income opportunity I’m not willing to miss. Historically, opportunities to buy Diageo shares at attractive prices haven’t come around all that often. So rather than wondering when the stock’s going to recover, I’m looking to buy it. Valuation Diageo shares currently trade at a price-to-earnings (P/E) ratio of just under 19 and have a dividend yield of 3.2%. Both of these represent unusually good value. Diageo P/E ratio & dividend yield…