Latest in China retail sales beat forecasts in October while real estate slump worsens
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Novo Nordisk's Wegovy Sales Beat Expectations
The pharmaceutical giant’s blockbuster weight-loss drug beat sales expectations in the third quarter, sending shares higher in early trade.Business - The Wall Street Journal - November 6 -
China has deported a VW executive for allegedly using drugs while in Thailand
A senior executive for Volkswagen in China has been deported for allegedly using cocaine and marijuana while on vacation in ThailandWorld - ABC News - October 23 -
China to boost financing for approved housing projects to $560 billion to counter property slump
China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industryWorld - ABC News - October 17 -
Retail sales rose 0.4% in September, better than expected; jobless claims dip
Consumer spending held up in September, underscoring a resilient economy.Business - CNBC - October 17 -
Treasury yields jump after better-than-expected retail sales, drop in jobless claims
U.S. Treasury yields were higher on Thursday as investors parsed the latest economic data.Business - CNBC - October 17 -
How Walmart’s Early Launch Date Resets Retail’s Black Friday Sales Pace
The retail giant is getting a head start on holiday sales, with year-end promotions starting November 11.Business - Inc. - October 29 -
E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
E.l.f. Beauty raised its full year guidance after posting a 40% jump in sales.Business - CNBC - November 6 -
A key manufacturing index in China turned positive in October after months of contraction
A closely watched survey on manufacturing in China has edged into positive territoryWorld - ABC News - October 31 -
China’s manufacturing output swings back into expansion in October, private survey finds
The Caixin/S&P Global manufacturing PMI came in at 50.3 in October, beating the median estimate of 49.7 in a Reuters poll.Business - CNBC - November 1 -
China's exports grew 12.7% in October, fastest pace in more than 2 years
China has reported its exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two yearsWorld - ABC News - November 7 -
3M’s stock turns red as profit beat, but retail customers are still holding back
The maker of Post-it Notes saw it’s stock surge to a multi-year high, then pull a sharp U-turn into the red, even as earnings beat expectations.Business - MarketWatch - October 22 -
Schools embrace Election Day lessons, while 12th graders head to the polls for real
Students around the country are getting mock elections, nine-week campaign courses and field trips to the polls, where many high school seniors will vote for their first time on Tuesday. ...Politics - The Hill - November 5 -
Perplexity Dove Into Real-Time Election Tracking While Other AI Companies Held Back
The controversial AI search engine, accused of aggressively scraping content, went all in on providing AI-generated election information.Tech - Wired - November 6 -
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.Business - The New York Times - October 17 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?
With iPhone sales down and Apple Intelligence banned, Apple looks ready to compromise.Tech - Wired - October 26 -
Philips shares slide as company blames China for lowered sales outlook
Shares of Philips slumped on Monday as the Dutch healthcare devices company lowered its sales outlook for the year.Business - MarketWatch - October 28 -
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GE Aerospace’s stock sinks as total sales beat, but commercial engines miss
GE Aerospace beats earnings expectations but its largest business, commercial engines, missed revenue expectations and the stock pulled back from a 17-year highBusiness - MarketWatch - October 22 -
Boston Scientific’s stock climbs on Q3 sales and earnings beat
Medical-products company Boston Scientific reported third-quarter results before market open.Business - MarketWatch - October 23 -
Honeywell’s stock falls as sales miss and lowered guidance offsets profit beat
Honeywell International Inc.’s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.Business - MarketWatch - October 24 -
McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.Business - CNBC - October 29 -
Novo Nordisk shares jump 8% after Wegovy sales beat expectations
Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.Business - CNBC - November 6
