Burberry shares soar 20% as new CEO pledges focus on fashion brands’ heritage

Shares in Burberry jumped by a fifth after the British fashion brand’s new boss pledged to “act with urgency to course correct” the company after it swung to a first-half loss.

Business - MarketWatch - 16 hours ago

Lyft shares soar 20% on results and autonomous-vehicle partnership

Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership ...

Business - MarketWatch - November 7

Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high

Burberry is aiming to boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans announced Thursday.

Business - CNBC - 12 hours ago

Chipotle’s new CEO maintains focus on faster service as sales fall short

Shares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the Mexican fast-casual chain reported quarterly sales trends that were a bit weaker than expected.

Business - MarketWatch - October 30

Here's how Starbucks' new CEO plans to overhaul its struggling cafes

Starbucks to bring back ceramic mugs and messages written in Sharpie pens to revive a coffeehouse vibe at its nearly 40,000 stores.

Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.

Business - MarketWatch - October 31

Burberry Ramps Up Turnaround in Effort to Revive Brand

The luxury group said it was taking steps to cut costs and change its pricing strategy, after it slid to a first-half loss on sharply lower sales.

Business - The Wall Street Journal - 20 hours ago

Oracle applies to join Epic and others in new federal medical record network

Oracle announced Monday that it intends to join a federally-backed medical information exchange network called TEFCA

Business - CNBC - October 28

Trump Media shares surge 21% after Trump rally in New York City

Shares of Trump Media rocketed up more than 21%, pushing DJT stock above its recent peak and adding billions of dollars to Donald Trump's on-paper net worth.

Business - CNBC - October 28

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

World - Financial Times - October 22

Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - October 30

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

UK pledges thousands of new jobs in freeports plan

Critics have said freeports do not boost actual job numbers, but move investment to a different area instead.

America Inc’s new CEO

Has the US now become a distressed asset?

Business - Financial Times - 4 days ago

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife

Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.

Business - The New York Times - October 23

Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway

Tokyo Metro had raised over $2 billion in one of Japan’s largest initial public offerings in years.

Business - The New York Times - October 23

Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

Business - Financial Times - October 29

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - October 29

Reddit shares soar after company turns first-ever profit

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...

World - The Guardian - October 30

Trump Win Sends Trump Media and Tesla Shares Soaring

Companies linked to the president and his prominent supporter Elon Musk shot up after the election, as did U.S.-focused small cap shares.

Business - Inc. - November 6

Lobbying World: Consumer Brands Association taps next president and CEO

The Consumer Brands Association has selected Melissa Hockstad as the organization’s new president and CEO effective Jan. 6, 2025. Hockstad joins from the American Cleaning Institute, where she has ...

Politics - The Hill - October 23

Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter

Investors are expecting that Niccol will share more details about his turnaround strategy during the company's conference call, scheduled for 5 p.m. ET.

Business - CNBC - October 30

Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%

Amazon CEO Andy Jassy reassured shareholders that the company expects to make money on its generative AI investments.

Business - CNBC - November 1

10/20: CBS Weekend News

Trump campaigns in Pennsylvania while Harris holds events in Georgia; Ukraine ballet touring U.S. to raise money for children in wartorn country

World - CBS News - October 21

Reeves expected to focus rise in capital gains tax on share sales

Chancellor likely to increase CGT in October 30 Budget as part of efforts to close £40bn funding gap

Business - Financial Times - October 16

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - October 24

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24

EstéeLauder Shares Plunge 21% After It Slashes Dividend

The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.

Business - The Wall Street Journal - October 31

Trump Media shares dive 20%, giving up Election Day gain

Shares in President-elect Donald Trump's media company gave back the gains triggered by his election victory.

Business - CNBC - November 7

Tesla stock soars 22% for best day in over a decade on Musk's 2025 growth projection

Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings.

Business - CNBC - October 24

Carvana’s stock soars 20% as used-car retailer calls for better times ahead

Online used-car platform blows past Wall Street expectations for its third quarter.

Business - MarketWatch - October 30

Harris pledges break from Biden in feisty Fox News interview

Vice-president’s appearance on conservative network comes as White House race against Donald Trump tightens

World - Financial Times - October 17

Tapestry’s stock soars and Capri erases losses as fashion giants scrap merger deal

Tapestry Inc.’ stock soared Thursday, while Capri Holdings Inc.’s stock erased losses to gain 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.

Business - MarketWatch - 12 hours ago

Franklin Templeton CEO says focus is on 'doing what's right' for clients amid SEC probe

Franklin Templeton's largest subsidiary, Western Asset Management, saw $37 billion in outflows in the last three months.

Business - CNBC - October 31

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