Month: November 2024
Ford to cut 14% of European jobs, blaming EV shift and rising competition
Ford Explorer electric cars are parked on car transporters on the Ford factory premises. It is the first electric car from Ford in Europe. The US car manufacturer Ford wants to cut 2,900 jobs in Germany by the end of 2027 in order to reduce costs. Rolf Vennenbernd | Picture Alliance | Getty Images Ford […]
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The future of travel in the Middle East
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Capital Connection Global travel CEOs speak to CNBC’s Emma Graham at Skift Global Forum East in Dubai about the future of travel in the Middle East. 02:53 19 minutes ago Source
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Stocks making the biggest moves premarket: Target, Dolby Labs, Nio, Netflix and more
Check out the companies making headlines before the bell. Target – Shares plunged more than 17% after the Minneapolis-based retailer missed third-quarter earnings and revenue estimates and slashed its full-year guidance, just three months after raising that forecast. Target cited only a slight uptick in customer traffic and its CEO noted “lingering softness in discretionary […]
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TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story
TJX Companies touted a “strong start” to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. TJX comfortably beat Wall Street’s expectations during its fiscal third quarter, but it’s expecting earnings per share for its holiday quarter to be between $1.12 and […]
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CNBC’s Official NHL Team Valuations 2024: Here’s how the 32 franchises stack up
The National Hockey League is commanding more respect when it comes to team values. The average NHL team is worth $1.92 billion, according to CNBC’s Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League Baseball. What accounts for the league’s ascension? Steady revenue growth combined with […]
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Alphabet’s VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion
Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. Odoo Odoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet‘s venture fund and Sequoia Capital. The Belgium-based company develops open-source enterprise resource planning software, with over […]
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Delta CEO: Projecting we generate $50 billion of operating cash over next 3-5 years
Ed Bastian, Delta CEO, joins ‘Squawk Box’ to discuss how Delta will achieve sustained higher profits going forward, why investors should believe Delta is a good stock to invest in, and what Bastian has learned from the trying times this year. Source
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Delta CEO says Trump administration’s approach to regulation could be ‘breath of fresh air’
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Jeenah Moon | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian said the Trump administration’s approach to regulation could be a “breath of fresh air.” Speaking to reporters ahead of Delta’s […]
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European Central Bank warns rising trade tensions increased risks to financial stability
Rising global trade tensions present a risk to the euro area economy, the bloc’s central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth […]
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Delta forecasts more sales growth in 2025 thanks to high-end demand, ‘resilient economy’
A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines on Wednesday said sales would grow in 2025, citing a “resilient economy” for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years. Delta forecast revenue growth in […]
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