Latest in Volkswagen's tepid sales, tougher competition and costly electric vehicle strategy have left its stock trading around 14 year lows, mirroring Germany's broader economic woes.
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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.Business - The Wall Street Journal - October 23 -
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 ChinaBusiness - Financial Times - October 23 -
Shell Earnings Beat Views as Gas Trading Offsets Low Oil Prices
Shell’s earnings topped market views thanks to its gas and upstream divisions, partly offsetting low oil prices and weak refining margins that have hit energy majors’ results over the third quarter.Business - The Wall Street Journal - October 31 -
NFL trade deadline: 10 trades we want to see happen
With plenty of bad teams in the NFL going into the deadline, there should be loads of sellers, a lot of buyers and we should get massive action at the deadline.Sports - Yahoo Sports - October 29 -
British farmers have nothing left to give
The Budget’s new IHT measures demonstrate a profound misunderstanding of how our agriculture worksWorld - Financial Times - 6 days ago -
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 -
Cuba gets some electricity back after major power outage left millions in the dark
Cuba’s government says some electricity has been restored on the island after one of the country’s major power plants failed and left millions without electricity for two daysWorld - ABC News - October 20 -
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 salesBusiness - MarketWatch - October 16 -
Biogen’s stock hit by soft sales of Alzheimer’s treatment
“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.Business - MarketWatch - October 30 -
Teen tobacco use falls to 25-year-low, CDC reports
American teen tobacco use has fallen to a 25-year-low, according to new data analyzed by the Centers for Disease Control and Prevention (CDC) and Food and Drug Administration (FDA) that was ...Politics - The Hill - October 18 -
Red Dead Redemption Is Finally On PC, More Than 14 Years Later
PC gamers have waited more than 14 years for Red Dead Redemption to make its way to that platform , but at long last, they can saddle up for the classic open-world cowboy adventure. Now available, ...Tech - GameSpot - October 29 -
BP's Profit Hits Four-Year Low on Commodity Market Weakness
BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.Business - The Wall Street Journal - October 29 -
Employee Happiness Is Bouncing Back After a 4-Year Low
Employees haven’t been feeling optimistic lately, but their hopes seem to be rising in the year’s second half, according to a new report.Business - Inc. - October 30 -
Ford's October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023
Ford on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued levels during a union strike in October 2023.Business - CNBC - 5 days ago -
Why is Germany shooting its own stagnating economy in the foot? | Simon Nixon
A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism. A potential merger between a German bank and an Italian rival would not normally ...World - The Guardian - October 17 -
A stock-market upside breakout is just around the corner. Be patient.
Market indicators are calling for near-term caution but intermediate-term bullishness.Business - MarketWatch - October 14 -
Amgen’s stock falls as analyst warns that hype around obesity drug is baked in
Truist analyst Srikripa Devarakonda backs away from bullish call as competition mutes potential for biotech’s drug pipeline.Business - MarketWatch - October 14 -
Alphabet quiets the doubters with ‘all-around’ strength that sends stock soaring
“We believe that this ship is sailing smoothly and doing everything right,” an analyst says.Business - MarketWatch - October 30 -
US economic growth slows, as Germany avoids recession and France gets Olympics boost – business live
Eurozone GDP grew by 0.4% in the last quarter, faster than expected, as Germany’s economy avoids second contraction in a row. Autumn budget live: major tax rises expected as Rachel Reeves ...World - The Guardian - October 30 -
Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
‘Death trap’ Channel boats traded by smugglers in Germany, BBC investigation finds
A €15,000 package deal for a dinghy, engine and 60 life jackets was offered to our reporter in Essen.Top stories - BBC News - October 25 -
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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 -
The conversation: Have the revamped Warriors put the right pieces around Stephen Curry?
Let's preview of the 2024-25 Golden State Warriors, including their best-case and worst-case scenariosSports - CBS Sports - October 15 -
35 million Americans have voted early with Election Day around the corner
With 10 days left until Election Day, more than 35 million Americans have participated in early voting. Of those, more than 19 million have voted by mail. In all, nearly 65 million mail-in ballots ...Top stories - CBS News - October 26 -
US agency says Tesla's public statements imply that its vehicles can drive themselves. They can't
The U.S. government’s highway safety agency says Tesla is telling drivers in public statements that its vehicles can drive themselvesTech - ABC News - 20 hours ago
