Regional Banks Had Another Bad Quarter

The 2023 bank crisis is over, but the worst may be yet to come for some regional and community lenders. 


 
AT&T posts subscriber beats, but stock slips after earnings

AT&T expects to see further improvements to free cash flow in the year ahead as its wireless and fiber businesses continue to grow. 


 
Alibaba Shares Rise as Co-Founders Buy Stock

Jack Ma and Joe Tsai bought about $200 million of the company's stock in the latest quarter, giving the Chinese tech giant some welcome news amid a monthslong slide. 


 
J&J Can't Promise Wall Street No More Tears

Some investors struggle with owning the shares because of uncertainty over ongoing baby powder lawsuits. 


 
Apple Plans New Fees and Restrictions for Downloads Outside App Store

Meta, Spotify and other companies are weighing new options for customers as Apple makes changes to comply with a new European law. 


 
Netflix Delivers Another Smackdown

The streaming leader cemented its position with a strong boost in subscribers while the advertising contribution remains small. 


 
SAP Launches AI-Focused Restructuring

SAP said it would undertake a roughly EUR2 billion restructuring this year that will affect 8,000 jobs as it ratchets up its focus on business-related AI. 


 
Siemens Energy First Quarter Beats Forecasts

Siemens Energy forecast an underlying profit margin of between negative 2% and positive 1% for the fiscal year, after it reported preliminary first-quarter results that it said exceeded market expectations. 


 
Country Garden Seeks to Raise Over $500 Million in Asset Sales

Troubled Chinese property developer Country Garden Holdings is seeking to sell a host of properties in Guangzhou city to raise up to $534.5 million, amid its efforts to restructure billions of dollars in offshore debt. 


 
Shein Faces Scrutiny From All Sides. Its IPO May Hit Snags.

The online fast-fashion company is dealing with a range of issues both in China and in the U.S.


(END) Dow Jones Newswires

01-24-24 0915ET