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Richemont stock is surging by the most it’s ever done in one day. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.MarketWatch - 1h -
Lululemon’s stock jumps as strong holiday sales show demand is improving
Lululemon’s stock rallies toward a 10-month high after guidance for profit, revenue and gross margin were raised.MarketWatch - 2d -
17+ winter essentials we’re eyeing from Reformation’s winter sale
Reformation is currently discounting a handful of seasonal bestsellers, including wool and cashmere sweaters, denim, outerwear, shoes and more.NBC News - 6d -
Greggs shares drop on sales slowdown
UK bakery chain blames ‘subdued high street footfall’ for weaker earningsFinancial Times - 6d -
Costco’s holiday-season sales jump was not just about food, analyst says
Costco Wholesale Corp. on Wednesday reported a 9.9% year-over-year sales gain through the final stretch of the holiday-shopping season, marked by a big jump in online sales.MarketWatch - Jan. 8 -
Vaccine makers’ shares jump after bird flu death in US
Moderna, Pfizer, CureVac and Novavax register gains as health agency stresses risk to public ‘remains low’Financial Times - Jan. 7 -
Services index shows big jump in prices for December as companies fear tariffs
The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.CNBC - Jan. 7 -
Eurozone inflation jumps to 2.4% in third consecutive rise
Increase damps hope that European Central Bank will boost region’s flagging economy with rate cutsFinancial Times - Jan. 7 -
December sales provide little cheer for retailers
Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.BBC News - Jan. 7
More from CNBC
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TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.CNBC - 1h -
Medicare's new $2,000 cap on out-of-pocket drug costs could save enrollees thousands, AARP says
The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.CNBC - 38m -
Tesla is offering Cybertruck discounts as EV market gets crowded
Tesla started offering discounts on new Cybertruck vehicles in its inventory this week.CNBC - 8h -
TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
Business moguls should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell.CNBC - 11h -
Hindenburg Research founder says he's closing short-seller research shop
Hindenburg took on companies including Nikola and Carvana and financial titan Carl Icahn as a short seller.CNBC - 11h
More in Business
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Nvidia supplier Taiwan Semi reports profit surge. AI capacity is ‘very tight,’ CEO says.
Taiwan Semiconductor Manufacturing Co. on Thursday reported a stronger-than-expected profit and said artificial intelligence demand will help offset a typically weak period for smartphone sales.MarketWatch - 16m -
Starbucks Reverses Its Open-Door Policy for Bathroom Use and Lounging
Starbucks said visitors to the coffee shops would be required to buy something in order to use the restroom or stay in the store, as the company’s new chief executive responded to a decline in sales.The New York Times - 17m -
Social Security’s COLA is expected to drop in 2026 — but how low could it go?
The cost-of-living adjustment could mark its lowest increase since at least the start of the pandemic.MarketWatch - 19m -
‘I am afraid to push the system for an answer’: I’m a firefighter, 57, from Oklahoma. If I die, will my husband be denied my pension?
“As you can probably guess, firefighters in same-sex relationships are not that common in Oklahoma.”MarketWatch - 30m -
On TikTok, Users Thumb Their Noses at Looming Ban
Ahead of a Supreme Court ruling, they are mocking U.S. national security concerns about the Chinese-owned app.The New York Times - 33m