Earnings call transcript: Fifth Third slips on small Q2 EPS miss, raises outlook

This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Who remembers the phrase “BBM me?” In its heyday, BlackBerry was one of the biggest phone makers in the world. BlackBerry Messenger (BBM) was the instant messaging service that became a fixture of early smartphone culture. But while,…

Japan’s Nikkei share average fell more than 2% on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending. The Nikkei was down 2.69% at 64,634.04 as of 0112 GMT, while the broader ‌Topix slipped ⁠1.28% ⁠to 4,002.09. The Nikkei has lost more than 7% so far this month,…

The Reserve Bank of India on Tuesday proposed allowing mutual funds, insurance companies and pension funds to retain a standing approval to acquire higher stakes in the same bank without seeking fresh regulatory clearance each time their holdings fall below the 5% threshold. The move is aimed at easing the regulatory compliance for large institutional…

Artificial untelligence (AI) stocks under $10 are publicly traded companies developing or applying AI technologies, with stock prices below $10 per share. These lower-priced AI stocks can present promising investment opportunities due to the AI industry’s rapid growth and transformative potential. As AI continues to revolutionize various sectors, these stocks could experience significant appreciation in…

Senior citizens can earn up to 7.20 per cent annually on fixed deposits with Federal Bank, while HDFC Bank has raised its rate for a select tenure to 7.10 per cent. The changes come as banks revise deposit rates across different maturity periods.   HDFC Bank’s revised senior citizen rates are effective from August 19,…