Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
Kategorie-Archiv: CNBC Financial News
Swiss pharma giant Roche’s first-quarter sales edge higher as its emerges from post-Covid-19 slump
Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.
Philippines orders removal of Binance from Google and Apple app stores
The Philippines‘ Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
One’s expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.
Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.
JetBlue shares tumble 10% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.
General Motors raises 2024 guidance after big first-quarter earnings beat
GM’s North American operations, driven by truck sales, were largely responsible for the company’s first-quarter beat and guidance raise, the automaker said.
PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales
PepsiCo’s volume and sales growth were better in most international markets than in its North America markets.
Drugmaker Novartis climbs after guidance rise on sales of blockbuster drugs
Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals Tuesday after it raised its full-year guidance following better-than-expected first-quarter results.
Here’s where the world’s top 0.001% are putting their money, according to wealth experts
There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.