Shares of Chinese e-commerce giant Alibaba slid after it announced that it would not proceed with the full spin-off of its cloud group.
Kategorie-Archiv: CNBC Financial News
Burberry shares sink 9% as luxury spending slowdown bites
Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts
Siemens beats earnings forecasts, says sales growth to slow in 2024
Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts.
We’re not headed for another global financial crisis, top UBS economist says after recession warning
Credit tightening in the U.S. has raised concerns about the state of the economy and what could happen next.
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Under pressure to improve Citigroup’s performance, the bank will announce layoffs starting Wednesday, CNBC has learned.
UBS boss Ermotti says ‚incredible‘ bond demand is ‚a signal to the Swiss banking system‘
UBS Group CEO Sergio Ermotti says the „incredible“ market demand for the bank’s recent issuance of AT1 bonds is a „signal to the Swiss banking system.“
China’s unfinished property projects are 20 times the size of Country Garden
The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said.
China retail sales, industrial data grow faster than expected in October
China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened.
PGA Tour says it will offer players equity ownership after it seals deal with investors
The PGA Tour is in talks with Saudi Arabia’s Public Investment Fund to complete a framework aagreement they reached earlier this year.
Target shares jump after retailer posts a big earnings beat, even as sales fall again
Target is still catering to shoppers who are hungry for deals and aren’t buying much more than the necessities.