The U.S. economy is seeing some consumer categories deflate, or fall in price. That’s largely happening for prices of physical goods.
Schlagwort-Archiv: Financial
Jeep, Dodge-maker Stellantis‘ profit slides as Detroit Three strikes bite
Stellantis reported a 10% annual decline in adjusted operating profit in the second half of 2023, as six-week strikes at the „Detroit Three“ automakers hampered production.
Renault shares up 7% as carmaker plans dividend hike
The company reported a group operating margin of 7.9%, towards the top end of its prior guidance.
High interest rates help Germany’s Commerzbank post best results in 15 years
Deutsche Bank analysts described the numbers as a „solid set of 4Q23 results“ and reiterated their buy rating on the stock.
Cisco says it’s cutting 5% of global workforce, amounting to over 4,000 jobs
Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year.
As London loses another listing, analysts are wary of writing off the UK capital
TUI became the latest company to ditch its share listing in London, as shareholders voted for the German travel giant to list solely in Frankfurt.
As online romance scams rise, banks ask for help to save victims billions
Romance scams are run by organized criminal gangs that set up phony social media avatars and use those to connect to potential American victims.
Here’s the inflation breakdown for January 2024 — in one chart
The consumer price index rose by 3.1% in January 2024, a smaller annual increase than in December.
Sony cuts PlayStation 5 sales forecast to 21 million units after posting record revenue
Sony said it now expects to sell 21 million units of the PlayStation 5 in the fiscal year ending March, down from a previous forecast of 25 million units.
Airbnb reports better-than-expected revenue and beats on guidance
Airbnb reported 17% revenue growth for the fourth quarter and provided an optimistic forecast for the current period.