Siemens AG became Germany’s largest company by market value, overtaking SAP SE after the software firm’s shares plunged following a disappointing sales outlook.
Siemens AG became Germany’s largest company by market value, overtaking SAP SE after the software firm’s shares plunged following a disappointing sales outlook.
Pedestrians pass a logo outside the Siemens AG headquarters in Munich, Germany, on Friday, Jan. 10, 2020. Siemens is considering the future of a controversial contract to supply signaling systems to a new Australian coal mine under pressure from environmental activists, who staged German-wide protests against the company on Friday.
US equity futures gain as large tech firms including Meta announce plans to spend more on AI. SAP and Microsoft lag as their cloud businesses disappoint. The dollar weakens amid debasement fears while gold extends its record rally. Oil prices rise as President Trump warns Iran of military strikes if a nuclear deal is not reached soon. Marija Veitmane of State Street and Joel Kulina of Wedbush discuss this earnings season. (Source: Bloomberg)
US equity futures gain as large tech firms including Meta announce plans to spend more on AI. SAP and Microsoft lag as their cloud businesses disappoint. The dollar weakens amid debasement fears while gold extends its record rally. Oil prices rise as President Trump warns Iran of military strikes if a nuclear deal is not reached soon. Marija Veitmane of State Street and Joel Kulina of Wedbush discuss this earnings season. (Source: Bloomberg)
SAP SE shed €38.7 billion ($46.3 billion) in market value on Thursday after reporting disappointing financial results, knocking the software maker out of its place as Germany’s largest company.
SAP SE shed €38.7 billion ($46.3 billion) in market value on Thursday after reporting disappointing financial results, knocking the software maker out of its place as Germany’s largest company.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, President Trump has warned Iran to make a nuclear deal with the US or face military strikes even worse than last June, increasing pressure on the regime and propelling oil prices higher.
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, President Trump has warned Iran to make a nuclear deal with the US or face military strikes even worse than last June, increasing pressure on the regime and propelling oil prices higher.
Meta beat estimates, with its strong online ads business helping fund record AI investment. Meanwhile, Microsoft fell postmarket as underwhelming cloud sales took the shine off its capex spending.
Deutsche Bank reported fourth-quarter fixed-income and currency revenue that beat estimates.
Today's guests: Deutsche Bank CFO James Von Moltke & ABB CEO Morten Wierod. (Source: Bloomberg)
SAP SE shares fell the most in more than five years as current cloud backlog in the fourth quarter slipped to a level that Chief Executive Officer Christian Klein previously said would be a “disappointment,” adding to worries of how artificial intelligence will disrupt the software industry.
SAP SE shares fell the most in more than five years as current cloud backlog in the fourth quarter slipped to a level that Chief Executive Officer Christian Klein previously said would be a “disappointment,” adding to worries of how artificial intelligence will disrupt the software industry.
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