Apparel retailer Gap is improving more than expected, but the parent company of Old Navy and Banana Republic still has work to do to turn things around.
Schlagwort-Archiv: CNBC
Activist investor ValueAct has been building a stake in Disney
ValueAct began buying Disney this summer during the Hollywood strikes and it is now one of the investor’s largest positions, the Activist Spotlight has learned.
Charlie Munger says there isn’t the slightest chance Buffett traded own account to enrich himself
Berkshire Hathaway vice chairman Charlie Munger pushed back against a ProPublica report about Warren Buffett’s personal trading.
Morgan Stanley CEO says his firm is ready for ‚Basel III endgame‘ — the sweeping new global rules on banking
Eventual 2, 3% inflation in the U.S. is „very acceptable“ outcome, given the conditions that the Federal Reserve had to grapple with.
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
Xi says U.S. and China can only be adversaries or partners, with no middle ground
Chinese President Xi Jinping told U.S. business executives Wednesday the two countries have to choose between being adversaries or partners.
U.S. and China agree to resume military talks. Takeaways from the Biden-Xi summit
U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.
Walmart shares slide as retailer gives a cautious outlook about consumer spending
Walmart beat earnings expectations as its sales rose, but the company offered a cautious outlook for the rest of the year.
Macy’s stock pops as inventory, margin improvement help profit beat estimates
Macy’s earnings easily topped Wall Street’s expectations.
Alibaba shares slide over 8% after it shelves cloud spinoff, citing U.S. chip restrictions
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.