Boeing, Uber, Lyft, Netflix, Tesla & more

Boeing, Uber, Lyft, Netflix, Tesla & more

Check out the companies making headlines before the bell: Boeing (BA) – Boeing told suppliers for its grounded 737 Max jet to suspend parts shipments for one month starting in mid-January. That follows the firing of CEO Dennis Muilenburg earlier in the day. Uber (UBER), Lyft (LYFT) – Uber and Lyft won a New York … Read more…

Competition watchdog seeks power to prosecute foreign banks

Competition watchdog seeks power to prosecute foreign banks

South Africa’s Competition Commission is seeking extraterritorial powers to prosecute foreign banks whose actions affect South Africans. The call comes after a four-year investigation which alleged that 23 local and foreign banks, including J.P. Morgan Chase, Bank of America Merrill Lynch and Credit Suisse, had colluded to rig the rand. The banks themselves have dismissed … Read more…

Credit Suisse cuts profit goals as revenue hopes fall short

Credit Suisse cuts profit goals as revenue hopes fall short

Credit Suisse cut a key profitability target for this year and next as a drop in dealmaking, negative interest rates and uncertainty caused by global trade tensions dimmed the outlook. Switzerland’s second-largest lender said on Wednesday it expects to hit a return on tangible equity (RoTE) above 8% this year, below its previous target of … Read more…