Deutsche Bank ‘very confident’ new job cuts will be its final restructuring drive

Deutsche Bank ‘very confident’ new job cuts will be its final restructuring drive

James von Moltke, chief financial officer of Deutsche Bank AG, speaks during a fourth quarter results news conference in Frankfurt, Germany, on Friday, Feb. 2, 2018.  Andreas Arnold | Bloomberg | Getty Images Deutsche Bank may have gone through a number of strategy overhauls in recent years, but its chief financial officer (CFO) told CNBC Sunday that the bank is determined this new round of restructuring will be its last. “We are very confident this…

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Stocks don’t need a rate cut to rally, market bull Jeff Mills says

Stocks don’t need a rate cut to rally, market bull Jeff Mills says

Wall Street bull Jeffrey Mills believes a Federal Reserve interest rate cut is not necessary to sustain the stock market rally. However, the PNC Financial co-chief investment strategist believes it’ll happen later this month anyway despite the stronger than expected June jobs report. Mills contends it can’t hurt investors, albeit for the time being. “Don’t fight the Fed. Enjoy the rally,” he told CNBC’s “Futures Now ” last Tuesday. It’s a view he continues to…

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Greek prime minister-elect: ‘It’s an important victory for Europe, not just for Greece’

Greek prime minister-elect: ‘It’s an important victory for Europe, not just for Greece’

Prime Minister-elect Kyriakos Mitsotakis told CNBC there was a strong mandate for change in Greece with his party set for an outright majority at Sunday’s elections. Official results showed Mitsotakis’s New Democracy party leading with 39.6% over Alexis Tsipras’ Syriza party, with 69% of the vote counted. The early results also suggested that the far-right Golden Dawn party would be short of the 3% minimum needed to enter parliament, a fall from 7% of the…

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Bill Gates says Steve Jobs was a master at ‘casting spells’ to keep Apple from dying

Bill Gates says Steve Jobs was a master at ‘casting spells’ to keep Apple from dying

Bill Gates Gerard Miller | CNBC Steve Jobs was a master at “casting spells” to keep Apple employees motivated and working long hours, said Bill Gates, the billionaire co-founder of technology giant Microsoft. “I was like a minor wizard because he would be casting spells, and I would see people mesmerized, but because I’m a minor wizard, the spells don’t work on me,” said Gates, the world’s second-richest person. Despite that, Jobs, the former Apple…

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US defeats Netherlands to win record 4th Women’s World Cup

US defeats Netherlands to win record 4th Women’s World Cup

USA players raise the trophy after the 2019 FIFA Women’s World Cup France Final match between The United States of America and The Netherlands at Stade de Lyon on July 7, 2019 in Lyon, France. David Aliaga/MB Media | Getty Images Sport | Getty Images The United States won its record fourth Women’s World Cup title and second in a row, beating the Netherlands 2-0 Sunday night when Megan Rapinoe converted a penalty kick in…

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‘Avengers: Endgame’ is now just $15 million shy of ‘Avatar’ record

‘Avengers: Endgame’ is now just $15 million shy of ‘Avatar’ record

An Avengers fan holds tickets at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. Mike Blake | Reuters Disney‘s “Avengers: Endgame” is now just $15 million shy of the record for highest-grossing film of all time. At the end of the July 4 holiday weekend and after 73 days in the theaters, “Endgame” has hauled in $2.772 billion globally, just short…

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‘Spider-Man: Far From Home’ fetches $580 million in first 10 days in theaters

‘Spider-Man: Far From Home’ fetches $580 million in first 10 days in theaters

Tom Holland reprises his role as Peter Parker / Spider-Man in Sony’s “Spider-Man: Far From Home.” Sony “Spider-Man: Far From Home”  has hauled in nearly $600 million worldwide at the box office during its first 10 days in theaters. The second Spider-Man film starring Tom Holland opened in the U.S. on Tuesday and will take in an estimated $185 million domestically through Sunday. This is the best six-day record for Sony, who produced the film…

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Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul

Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul

Deutsche Bank headquarters Photo by Hannelore Foerster Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will also slash 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce costs by 6 billion euros ($6.7 billion) to 17 billion euros in the…

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6 summertime uses for this tax-favored savings account

6 summertime uses for this tax-favored savings account

aldomurillo | E+ | Getty Images Before you head to the beach, use this tax-advantaged account to stock up on summer necessities. Flexible spending accounts allow workers to sock away cash on a pretax basis into a savings account. You can take tax-free distributions from your FSA as long as the money goes toward qualified medical expenses. Last year, about 3 out of 4 large employers offered their workers a medical FSA to help offset…

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How to avoid getting dinged with surprise rental car toll fees

How to avoid getting dinged with surprise rental car toll fees

Cars make their way to a toll plaza on the New Jersey Turnpike in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images If you are a fearless flier but break out into a cold sweat at the airport car rental counter, you’re not alone. Prepaid gas plans, unnecessary or duplicate insurance coverage and post-rental charges for imaginary scratches are just some of the many ways car rental companies can trip up…

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