Gucci's Hangover Saps Kering's Stock
Luxury-goods giant Kering isn’t alone in struggling with the knock-on effects China’s economic doldrums.
Luxury-goods giant Kering isn’t alone in struggling with the knock-on effects China’s economic doldrums.
‘People literally talk about how AI is going to cure diseases someday, and I think this is a very meaningful first step,’ said OpenAI CEO Sam Altman.
China’s securities regulator gave self-driving startup Pony.ai the nod to list in the U.S., in a sign that Beijing’s grip on companies seeking to raise capital overseas may be easing.
Proposed regulatory changes are welcome news for the city’s stock market, but they probably aren’t enough.
The South Korean memory-chip maker plans to invest an additional $14.6 billion to expand its semiconductor production capacity to meet growing demand for artificial-intelligence chips.
Octopus Energy plans to invest between $10 million and $30 million in California-based Ocergy, a producer of floating offshore wind turbines.
New Balance’s 1906L isn’t coming out until August, but it’s already been memed into oblivion.
A surprise rate hike by Indonesia’s central bank underlines expectations that the start of monetary policy easing is looking increasingly far off for many Asian central banks, if it is on the horizon at all.
Shares in Kering dropped after the Gucci owner said it expected sharply lower operating profit in the first half, as it grapples with sluggish demand in China.
Tesla’s plan for a more affordable model that might revive growth and cash flows has been accelerated at the expense of ambition.
Katherine Maher said controversy stemming from an editor’s essay about the radio network has been a distraction.
Caleb Williams, Jayden Daniels and other passers are expected to dominate the top of this NFL draft. Their generation brings an entirely different skill-set to the league than their predecessors.
The U.S. economy keeps humming along, and strong travel demand is a key reason why.
The lead time to get custom cooling systems is five times longer than a few years ago, and delivery times for backup generators have gone from as little as a month to as long as two years.
The former president is required to attend court throughout the six-week criminal trial in Manhattan.
The former president expects loyalty while the justices stress independence.
The country’s first rate rise of the year is aimed at bolstering the rupiah as it languishes around four-year lows versus the dollar.
Sentiment among German companies ticked higher for a third-straight month in April, despite slow economic growth expected in the early part of this year.
Eni reported first-quarter results that fell short of analysts’ forecasts but said it would increase its share buybacks in 2024 to €1.6 billion.
Heineken reiterated its full-year profit guidance on improved volumes in the first quarter and despite disappointing revenue growth.
The IPO by HD Hyundai Marine Solution would mark the largest share sale in South Korea in two years.
The two-year Treasury note auction on Tuesday was strong with the yield in the 5% area being enticing, ING said.
Roche first-quarter sales declined on weak demand for its Covid-19 products and currency headwinds but it remained confident of meeting its full-year guidance.
Lloyds Banking maintained its full-year guidance as it reported a slightly better-than-expected net interest margin for the first quarter but weaker-than-forecast pretax profits.
HKEX posted lower trading volume during the quarter, with headline average daily turnover sliding 22% as geopolitical tensions and macroeconomic volatility continued to weigh on market sentiment.
Мы не навязываем Вам своё видение, мы даём Вам объективный срез событий дня без цензуры и без купюр. Новости, какие они есть — онлайн (с поминутным архивом по всем городам и регионам России, Украины, Белоруссии и Абхазии).
123ru.net — живые новости в прямом эфире!
В любую минуту Вы можете добавить свою новость мгновенно — здесь.