Latest in Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes
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Business - Financial Times
Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns
Billionaire Trump backer has targeted swing states with contest ahead of presidential election28 minutes ago -
Business - The Wall Street Journal
Mattel Lowers Sales Outlook After Barbie Sales Weigh
The toy company’s profit, however, is holding up due to stronger margins, helped by factors such as cost cuts, supply-chain improvements and lower input costs.5 hours ago -
Business - Financial Times
Kering warns on profit as Gucci sales plunge
French luxury group grapples with a difficult turnaround at its biggest brand as demand dips in Asia5 hours ago -
Business - The Wall Street Journal
Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes
The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.8 hours ago -
Business - The Wall Street Journal
Michelin Lowers Guidance After Sales Fall
The market downturn in Europe was caused by customers’ weaker purchasing power due to high interest rates and uncertainties over the pace of the transition to electric vehicles, Michelin said.8 hours ago -
Business - The Wall Street Journal
Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient
The U.K.’s largest mortgage provider confirmed its full-year guidance after pretax profit fell by less than expected on lighter impairments for bad loans as British borrowers remained resilient ...15 hours ago -
Top stories - BBC News
Starbucks boss shakes up menu to win back customers
The coffee shop chain has also promised to look at pricing and staffing to prevent bottlenecks12 hours ago -
Business - MarketWatch
Winnebago’s stock rocked by a big profit miss, due to ‘sluggish’ retail demand
Winnebago’s stock sinks after a big profit miss for its fiscal fourth quarter, which offset a revenue beat.12 hours ago -
Business - Financial Times
Volvo Cars says it will not support Northvolt as it slashes sales guidance
Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key markets15 hours ago -
Business - The Wall Street Journal
Starbucks Suspends Guidance as Sales Slump Persists
The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in premarket trading.15 hours ago -
Business - Financial Times
Deutsche Bank warns of rising bad loan provisions
German lender posts record third-quarter profits but tells investors to brace again for credit risks15 hours ago -
Business - Financial Times
WPP returns to sales growth but warns over economic uncertainty
Advertising agency’s revenues rise in US and Europe but fall more than a fifth in China16 hours ago -
Business - Financial Times
L’Oréal sales disappoint due to weak Chinese demand
Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per centYesterday -
Business - MarketWatch
General Motors’ stock jumps after big profit beat, progress on EV profits
GM’s stock rallies toward a multiyear high after profit beat by a wide margin and the full-year outlook was raised.Yesterday -
Business - The Wall Street Journal
HSBC to Revamp Organizational Structure
Europe’s largest bank by market value will split off its Hong Kong and U.K. businesses as individual units.Yesterday -
Business - MarketWatch
Procter & Gamble’s stock slips as profit beat, steady outlook offset a sales miss
Shares of Procter & Gamble Co. fell 1.2% in premarket trading Friday, after the consumer packaged-goods company reported fiscal first-quarter profit that beat expectations and maintained its ...5 days ago -
Business - CNBC
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.5 days ago - Apple -
World - The Guardian
Netflix to double profits after adding millions of subscribers in three months
After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success. Netflix expects to double its profits this quarter after the world’s largest ...6 days ago - Netflix -
Business - MarketWatch
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...6 days ago -
Tech - ABC News
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a ...6 days ago -
Business - MarketWatch
Nestle says its sales are suffering due to Israel boycotts
The Swiss conglomerate said its sales growth had slowed due to consumer hesitancy as it outlined a shakeup of its board of executives under new CEO Laurent Freixe6 days ago - Israel -
Business - The Wall Street Journal
Chip Stock Selloff Persists in Europe, Asia After ASML Warns of Slower Recovery
Chip stocks in Europe and Asia continued to fall Wednesday after Dutch semiconductor-equipment maker ASML Holding warned the recovery for some areas of the industry could extend well into next ...October 16 -
Business - MarketWatch
ASML says chip-market slump will mainly impact sales to China
A day after a profit warning that rocked the stock market, executives at ASML Holding said the slower-than-expected recovery in the microchip market will have the sharpest impact on sales to China ...October 16 - China -
Business - Financial Times
Ryanair warns of fewer flights next summer due to Boeing aircraft delays
Airlines are increasingly frustrated by the global shortage of new planesOctober 16 -
Business - Financial Times
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingOctober 16 -
Business - MarketWatch
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesOctober 16 - China -
Business - The Wall Street Journal
Stellantis Car Deliveries Slump on U.S. Woes
Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.October 16 -
Business - CNBC
ASML share plunge wipes over $50 billion off Dutch chip giant's value
ASML published its third-quarter earnings Tuesday, a day earlier than expected.October 16 - Netherlands -
World - The Guardian
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...October 15 -
Business - Financial Times
Goldman profits jump 45% to $3bn after trading boost
Net income outstrips expectations despite hit from retail banking retreatOctober 15 -
Business - The Wall Street Journal
Coty Joins Competitors in Warning of Beauty Sales Slowdown
The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth ...October 14 -
Business - MarketWatch
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...October 14 - China -
Top stories - BBC News
BBC boss warns of Russian and Chinese propaganda
The UK is losing out because of cuts to the World Service, the BBC's director general warns.October 14 - Russia -
Sports - Yahoo Sports
Anthony Rizzo back on Yankees roster for ALCS after missing divisional round due to fractured fingers
Rizzo missed the AL Divisional Series after being hit in the hand by a pitch at the end of the regular season.October 14 - MLB -
Business - Financial Times
Starmer vows to rip up bureaucracy to unleash ‘shock and awe’ of investment
Prime minister targets competition authority and other regulators he believes are stifling global appealOctober 14