Shares of Birkenstock fell after the German footwear firm's profitability slipped on steep investments and an unfavorable sales mix.
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NBC News - Top stories
Steve Kornacki shares that his mom, Anne, has died
NBC News’ Steve Kornacki announced that his mom, Anne B. (Ramonas) Kornacki, has died.Yesterday -
Financial Times - World
Tax threat and negativity undermine investment efforts, business leaders warn
Industry executives air concerns over prime minister and chancellor’s gloomy comments about public financesYesterday -
BBC News - Top stories
Marlboro owner sells UK inhaler firm over backlash
Philip Morris International bought Vectura Group just three years ago in a deal worth more than £1bn.Yesterday - United Kingdom -
Financial Times - Business
BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure
Nvidia and Abu Dhabi-backed MGX will join effort as energy-intensive tech strains power and data gridsYesterday - Microsoft -
CBS Sports - Sports
Kareem Hunt's return messes up Carson Steele's plans to replace Pacheco, but the real buy-low is Travis Kelce
Wait as long as you can to put in your waiver claims for Chiefs RBs, but make trade offers for Travis Kelce and Patrick MahomesYesterday -
MarketWatch - Business
2-, 10-year Treasury yields bounce off 2024 lows after August retail-sales data
Treasury yields rose slightly on Tuesday, but remained not far from their lowest closing levels in one or two years, after August’s retail-sales report pointed to a U.S. economy that remains stable.Yesterday -
VentureBeat - Tech
Pipedrive brings new AI-powered Pulse to its sales CRM
Pulse, therefore, is designed to streamline the process of sorting the most valuable and close-to-closing deals.Yesterday -
The New York Times - Business
Air Mail, Digital Weekly for the Smart Set, Is Said to Be Exploring a Sale
The company, founded in 2019, is known for its weekend newsletter of deeply reported features, travel recommendations and shopping tips.Yesterday -
NBC News - Top stories
OceanGate CEO put profits over safety ahead of Titan's fatal voyage, ex-employee says
In a desire to get a working submersible to the Titanic wreck site as fast as possible, the Titan was built at a risk to safety, with cost-cutting measures and poor engineering permitted by CEO ...Yesterday -
Financial Times - Business
Profit outlook dents THG as it considers separating Ingenuity arm
Ecommerce group says it is ‘progressing options’ to demerge divisionYesterday -
The Wall Street Journal - Business
U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.Yesterday -
The Hill - Politics
Hillary Clinton shares nickname she gave her 'postmenopausal' midsection
Hillary Clinton tackles plenty of weighty topics — former President Trump, the future of democracy and reproductive rights — in her new book, but she's also sharing some of her lighter side. In ...Yesterday -
Financial Times - Business
BP’s US wind sale will not clear its strategic fog
UK oil major has underperformed its rivals as oil prices have started to sinkYesterday -
The Guardian - World
Trump launches new cryptocurrency venture but declines to share details
Ex-president announces World Liberty Financial and publicly addresses second apparent assassination attempt. Donald Trump launched his family’s cryptocurrency venture, World Liberty Financial, on ...Yesterday - Donald Trump -
MarketWatch - Business
Deckers stock split takes hold and shares slip
Shares of Ugg and Hoka parent Deckers Outdoor Corp. are down Tuesday after the shoe company’s six-for-one stock split took hold.Yesterday -
The Guardian - World
Brexit deal ‘stifling’ UK-EU trade; German investor morale tumbles – business live
EU-UK trade deal continues to hurt trade with 27% drop in exports since 2021 reports Aston University. UK’s post-Brexit checks on fruit and vegetables delayed for a third time Here’s Peter ...Yesterday - Germany -
Financial Times - World
German conservative leader Friedrich Merz says he will run for chancellor
Move sets up duel between CDU chief and SPD incumbent Olaf Scholz in 2025 pollYesterday - Germany -
MarketWatch - Business
Slowing housing market is hurting this plumbing and HVAC distributor’s sales
Ferguson Enterprises’ stock was headed for a fall Tuesday, after the plumbing, HVAC and appliance products distributor missed quarterly revenue expectations, citing “muted” residential end markets ...Yesterday -
The Wall Street Journal - Business
Philip Morris to Take $220 Million Loss on Sale of Inhaled-Medicine Unit
Philip Morris said it expects to record a loss on the sale of its inhaled-therapeutics unit to Molex Asia Holdings as it retools its pharmaceutical business.2 days ago -
Financial Times - World
The questions over Commerzbank’s stake sale
Deal is a textbook example of how not to create price tension in a capital markets offering2 days ago -
Financial Times - Business
North Sea regulator threatens to name oil groups for decommissioning delays
Some operators have put off plugging wells in hope of passing on cost2 days ago -
MarketWatch - Business
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.2 days ago - Federal Reserve -
MarketWatch - Business
Nucor’s stock falls after steelmaker issues profit warning, citing lower selling prices
Nucor’s stock slumped Tuesday after the steelmaker maker warned investors of a third-quarter profit shortfall, as lower selling prices weighed on its steel-mill business.2 days ago -
ABC News - World
German opposition Christian Democrats tap leader Friedrich Merz as their candidate for chancellor
Germany’s opposition center-right Christian Democratic Union has chosen its leader Friedrich Merz to be its candidate for chancellor in next year’s national election2 days ago - Germany -
The Guardian - World
Guardian parent company in talks over potential sale of Observer
Guardian Media Group announces it is in negotiations with Tortoise Media over world’s oldest Sunday newspaper. The Guardian’s parent company has announced that it is in formal negotiations with ...2 days ago -
The Wall Street Journal - Business
Kingfisher Lifts Lower End of Guidance As Profits Rise
B&Q owner Kingfisher raised the lower end of its fiscal 2025 profit guidance above market expectations, after the B&Q owner posted higher earnings for the first half, despite weaker sales.2 days ago -
Financial Times - Business
Pret A Manger’s global sales surge above £1bn
UK sandwich chain expands in aggressive international sales drive2 days ago -
CBS News - Top stories
Here's when Amazon's October Prime Day sale is happening
Mark your calendars: Prime Big Deal Days is back this October. Here's what the holiday kick-off sale will begin.2 days ago -
The Guardian - World
Unease as Russia-friendly ‘queen of the elections’ aims for more German poll success
Some see Sahra Wagenknecht’s brand of ‘left conservatism’ as a bulwark against AfD but others see reasons to be wary. Sahra Wagenknecht is not even on the ballot in the upcoming state election in ...2 days ago - Russia -