Latest in Mercedes Benz and Porsche look for cost cuts after China slump hits profits
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Business - Financial Times
Harris and Trump expose US gender divide as race enters final stretch
Vice-president expected to tout women’s rights with Beyoncé while Republican candidate meets Joe Rogan1 hour ago - Donald Trump -
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Business - Financial Times
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market3 hours ago - China -
Business - The Wall Street Journal
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.4 hours ago - China -
Business - The Wall Street Journal
Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition
The luxury-car maker’s net profit halved in the third quarter and it said profitability in its main cars business was weaker due to softer pricing and lower sales of its higher-margin models.9 hours ago -
Business - CNBC
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.11 hours ago - China -
Business - Financial Times
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’ bet3 hours ago -
Business - CNBC
Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.Yesterday -
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.2 days 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 bottlenecks2 days ago -
World - Financial Times
China cuts interest rates in battle to hit year-end growth target
Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth4 days ago - China -
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 ...October 17 -
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 -
Sports - ABC News
The Super Bowl will return to Atlanta's Mercedes-Benz Stadium in 2028
The Super Bowl will return to Atlanta in 2028 at the home of the Falcons, following a vote of approval by NFL team owners on Tuesday at the league's annual fall meetingOctober 15 - NFL -
Sports - Yahoo Sports
Atlanta's Mercedes-Benz Stadium to host Super Bowl LXII in 2028
The Patriots beat the Rams in the last Super Bowl played in Atlanta in 2019.October 15 - NFL -
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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 - 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