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Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty ImagesCologne's higher regional court on Wednesday ruled against Deutsche Bank in a long-standing legal dispute with shareholders who alleged the lender underpaid in its acquisition of German retail bank Postbank.The institutions merged in 2018.Plaintiffs in the case claim that Postbank was worth more than the 25 euros ($27) per share paid by Deutsche Bank as part of its takeover offer of October 2010. The investors, 13 plaintiffs who are former shareholders of Deutsche Postbank (Postbank), held they were entitled to a significantly higher payment of 57.25 euro per share.In August, Deutsche Bank reached settlements with nearly 60% of plaintiffs in the case.Deutsche Bank said it will...

A smartphone with a Qualcomm logo is placed on a computer motherboard in this illustration taken on March 6, 2023.Dado Ruvic | ReutersQualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.Arm has given Qualcomm a 60-day notice of the cancellation of their so-called architectural license agreement, Bloomberg reported, citing a document.The license in question allows Qualcomm to design chips based on Arm architecture. Arm operates by effectively licensing blueprints that other companies use to design semiconductors.CNBC has reached out to Qualcomm regarding the report. Arm declined to comment. This is a breaking news story. Please check back for more. Source link

Republican presidential candidate Donald Trump dances for his supporters following a rally at East Carolina University on October 21, 2024 in Greenville, N.C. Ricky Carioti | The Washington Post | Getty ImagesDonald Trump's campaign has accused British Prime Minister Keir Starmer's Labour Party of "blatant foreign interference" in the U.S. presidential election after its volunteers travelled to the United States to help campaign for Kamala Harris.The campaign has filed a complaint with the Federal Election Commission in Washington, calling for an immediate investigation into what it called "apparent illegal foreign national contributions made by the Labour Party of the United Kingdom and accepted by Harris for President".The complaint cited media reports and a now deleted LinkedIn post fro...

Russian President Vladimir Putin and Chinese President Xi Jinping at their bilateral meeting prior to the opening of the BRICS summit, on Oct. 22, 2024, in Kazan, Russia.Contributor | Getty Images News | Getty ImagesChina and Russia's "profound" relationship will not change despite the turbulence in global geopolitics, Chinese President Xi Jinping told his counterpart Vladimir Putin at the opening of the BRICS summit in Kazan, Russia, on Tuesday.The two leaders met at the BRICS summit in Kazan on Tuesday afternoon local time, according to the official readouts from both governments."The world today is facing momentous transformations unseen in a century, resulting in a fast-changing and turbulent international landscape," Xi said, according to the English readout of the meeting. "Yet I am ...

Ryan Bergh, a machinist at Boeing's factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images)Jason Redmond | AFP | Getty ImagesBoeing has already braced investors for a rough quarterly report. Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer, from a potential strike-ending labor agreement to a slimmed-down future.When he takes the mic for his first earnings call as Boeing's CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. Results of the labor vote ar...

Rockaa | E+ | Getty ImagesFederal tax brackets for 2025Federal income tax brackets show how much you owe on each part of your "taxable income," which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income.Higher standard deductionThe standard deduction will also increase in 2025, rising to $30,000 for married couples filing jointly, up from $29,200 in 2024. Starting in 2025, single filers can claim $15,000, a bump from $14,600.Trump's tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn't extend that tax break.  Source link

Xavier Lorenzo | Moment | Getty ImagesThe IRS has unveiled higher capital gains tax brackets for 2025.In its announcement Tuesday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.   The IRS also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the earned income tax credit, among others. More from Personal Finance:Tax brackets may increase after 2025. It could affect your brokerage accountBuying a home? Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingThe capital gains rate you pay is based on which bracket you fall into based on taxable...

The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025.The "basic exclusion amount" rises to $13.99 million per person in 2025, up from $13.61 million in 2024, the agency said Tuesday. The exemptions apply to tax-free transfers during life and at death.The IRS also boosted figures for dozens of other provisions, including federal income tax brackets, long-term capital gains tax brackets and eligibility for the earned income tax credit, among others.  More from Personal Finance:Tax brackets may increase after 2025. It could affect your brokerage accountBuying a home? Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingAfter 2025, the higher estate and gift tax exemption enacted by form...

Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic.Chesnot | Getty ImagesAnthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced Tuesday that it's reached an artificial intelligence milestone for the company: AI agents that can use a computer to complete complex tasks like a human would.Anthropic is the company behind Claude — one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity. Startups like Anthropic, alongside tech giants such as Google, Amazon, Microsoft and Meta, are all part of a generative AI arms race to ensure they don't fall behind in a market predicted to top $1 trillion in revenue within a decade.Anthropic's new Computer Use capability, part of its two newest AI models...

[The stream is slated to start at 11:40 a.m. ET. Please refresh the page if you do not see a player above at that time.]Paolo Ardoino, the CEO of Tether, is set to speak Tuesday at the DC Fintech Week conference at Fannie Mae's headquarters in Washington, D.C.Tether is the company behind the largest stablecoin, USDT, which is pegged to the U.S. dollar. It is the third-largest cryptocurrency by market capitalization, according to CoinMarketCap. USDT accounts for about 71% of the market of U.S. dollar-backed stablecoins, with a market cap of about $120 billion, according to CryptoQuant.Tether has faced criticism over a lack of transparency, while USDT has come under fire for its alleged use by criminals. Nevertheless, it remains the most popular and most easily accessible stablecoin due to i...