U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.
Schlagwort-Archiv: Markets
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.
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.