Month: January 2025
Shein ramps up charm offensive as London IPO nears
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | Reuters Shein is ramping up its charm offensive again as the fast fashion giant eyes a public listing in London as soon as this year. The retailer issued a press […]
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Funflation: Concert ticket prices have soared, but music fans don’t seem to care
From Billie Eilish and Sabrina Carpenter to Kendrick Lamar and SZA, 2025 promises to be another big year for live music events. That may also mean concert-goers will be shelling out more for their favorite shows. After rising steadily post-pandemic, admission to movies, theaters, and concerts jumped 20% since 2021, according to the Bureau of Labor […]
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Here’s what Trump’s tariff threat looks like on the ground in China
As President Donald Trump threatens to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact. Though Trump is pledging to take his biggest initial swing at Canada and Mexico with a proposed 25% tariff, the U.S. president has suggested China is still on his radar. Earlier this month, […]
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Watch European Central Bank President Christine Lagarde’s exclusive conversation with CNBC
European Central Bank President Christine Lagarde sat down with CNBC’s Karen Tso for a wide-ranging, exclusive interview on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland. The meeting kicked off the day after the inauguration of U.S. President Donald Trump, and the subject of potential trade tariffs were one of the […]
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Germany’s inflation steady at 2.8% in January ahead of February election
Customers waiting at the checkout in a supermarket. Markus Scholz | Picture Alliance | Getty Images German inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country’s statistics office Destatis showed Friday in the last reading before Germans head to the polls next month. The reading was also in line with a […]
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Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
Key Points Commerzbank bank said it achieved a 20% increase in net profit to 2.68 billion euros ($2.78 billion) in 2024. This compares with a $2.47 billion net profit forecast for the period, according to a consensus estimate cited by Reuters. The group will deliver its annual strategy update and outlook on Feb. 13. “We […]
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Atlassian pops 20% on better-than-expected earnings, revenue outlook
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian. Lisa Maree Williams | Bloomberg | Getty Images Atlassian shares popped 20% in premarket trading after blowing past Wall Street’s fiscal second-quarter earnings and guidance expectations. Adjusted earnings came in at 96 cents per share, ahead […]
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Key Fed measure shows core inflation at 2.8%, in line with expectations
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target. The personal consumption expenditures price index […]
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Stocks making the biggest moves premarket: Apple, Atlassian, Walgreens, Deckers and more
Check out the companies making headlines in premarket trading. Apple — Stock in the iPhone maker climbed 4%. Apple’s first-quarter results surpassed analyst estimates on the top and bottom line on Thursday, with the company’s strong services revenue helping to offset weaker-than-expected iPhone sales. Chevron — The oil giant’s stock fell more than 1% after […]
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LVMH watch and jewelry CEOs see luxury sales picking up in 2025
After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company’s brand CEOs. In its earnings call this week, LVMH reported that sales for its watches and jewelry group increased 3%, after falling in the […]
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