Month: December 2024
Stocks making the biggest moves premarket: Gap, Tesla, Stellantis and more
Check out the companies making headlines before the bell. Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. The firm cited a strong start to the holiday shopping season and a multi-year growth outlook. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the […]
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Negotiate on the budget or we’ll bring you down, France’s far right tells government
President of Rassemblement National parliamentary group Marine Le Pen (L) speaks to French far-right Rassemblement National (National Rally) RN party’s President and lead MEP Jordan Bardella during the French far-right Rassemblement National (National Rally) RN party’s parliamentary seminar at the French National Assembly in Paris on September 14, 2024. Ludovic Marin | Afp | Getty […]
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Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban
A file photo of a livestreamer selling handbags at a TikTok Livestreaming E-commerce Base on October 12, 2021 in Wuhan, China. Visual China Group | Getty Images Sporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her smartphone at her haircare company’s warehouse in Waukegan, […]
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Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Striking Volkswagen workers gather outside the Volkswagen factory on December 2, 2024 in Emden, Germany. Julian Stratenschulte| Getty Images News | Getty Images Volkswagen workers across Germany stopped work on Monday as the conflict between the German automotive giant and its employees over changes to labor agreements and potential factory closures escalated. Nine of Volkswagen’s […]
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Norway hits pause on controversial deep-sea mining plans
Norway’s Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Thomas Fure | Afp | Getty Images Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. […]
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Britain’s Supreme buys Typhoo Tea out of administration
UK, Essex, Harlow, senior man holding a cup of tea whilst sitting on his garden patio in the morning. Gary Yeowell | Digitalvision | Getty Images Britain’s Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand […]
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China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations
China’s economy is widely expected to grow by more than 5% this year. Vcg | Visual China Group | Getty Images China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low, amid expectations that Beijing could expand its stimulus measures to shore up the […]
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Coinbase policy chief expects speedy approval of crypto laws following Trump’s victory
Faryar Shirzad, chief policy officer at Coinbase, speaking onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on Sep. 24, 2024 in New York City. John Lamparski | Getty Images for Concordia Summit LONDON — Coinbase’s top policy executive expects the United States to rapidly regulate the cryptocurrency industry once Donald Trump […]
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