Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation.
Schlagwort-Archiv: CNBC
Zara owner Inditex climbs to all-time high as 2023 sales jump 10%
Shares of Zara owner Inditex rose to an all-time high on Wednesday after the company announced its full year 2023 results.
Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory
Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its Yeezy inventory.
Xiaomi is set to launch its electric car on March 28
Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.
China’s stock valuations are ‚way too low,‘ strategist says — here’s why
Valuations of Chinese stocks are „way too low,“ according to Shaun Rein, founder and managing director of the China Market Research Group.
Why Amtrak is attempting to revive the Texas Central bullet train
In 2023, Amtrak revived long-held hopes for a Texas bullet train, in an attempt to capitalize on $66 billion in federal funds for passenger rail upgrades.
Porsche warns of fall in profitability but hikes dividend on strong 2023 results
Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend.
Lego CEO hails ‚very, very strong‘ U.S. progress as it struggles in China
Toymaker Lego on Tuesday released its full-year 2023 results, saying it’s revenue grew by 2% throughout the year, in line with expectations.
Oracle shares soar 13% on better-than-expected quarterly earnings
Oracle beat on the bottom line in its latest earnings report, though revenue came in a bit light of expectations.
Bitcoin hits record high above $72,000 as UK opens the door to crypto exchange-traded products
The move from U.K. regulators comes after the U.S. Securities and Exchange Commission approved the first-ever spot bitcoin exchange-traded funds.