World
Burberry shares drop 11% after the luxury giant issues profit warning and replaces CEO
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images Shares in Burberry plunged 11% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. The […]
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Stock futures rise as investors look to earnings to keep lifting market to records: Live updates
Traders on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were higher in overnight trading Sunday as investors gear up for a big week of key corporate earnings. Futures on the Dow Jones Industrial Average rose 93 points, or 0.23%. S&P 500 futures added 0.26% and Nasdaq […]
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Swatch sales fall 14.3% in first half of 2024
Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023. Bloomberg | Bloomberg | Getty Images Swatch Group reported a 14.3% decrease in net sales at current exchange rates during the first half of 2024, the company said on Monday. The maker of Tissot, Longines and Omega watches, as […]
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World leaders condemn assassination attempt on Trump: ‘Tragedy for democracy’
Republican presidential candidate former President Donald Trump pumps his fist as he is rushed offstage during a rally on July 13, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty Images News | Getty Images World leaders have joined together to condemn the assassination attempt on former U.S. President Donald Trump over the weekend. Trump was […]
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Asia markets mostly slip as investors assess assassination attempt on Trump, await China Third Plenum
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific markets mostly fell on Monday as investors awaited China’s Third Plenum and also assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. David Roche, president of […]
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CNBC Daily Open: Trump assassination attempt
Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Morgan Stanley names its ‘highest conviction’ stock picks for Europe, giving 4 more than 30% upside
Morgan Stanley says it’s time for stock-picking in Europe as earnings season and rate cuts are imminent. The investment bank says stock-level dispersion and equities market breadth should rise from here. Stock-level dispersion refers to the range of returns for stocks, while market breadth tracks the number of stocks going up relative to those declining. […]
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Jefferies names ‘yet-to-be discovered AI play’ in Taiwan, giving it 42% upside potential
Jefferies has identified a lesser-known and potentially undervalued Taiwanese company poised to benefit from the growing artificial intelligence sector. The investment bank said Insyde Software, listed on the Taipei Exchange, is well positioned to capitalize on the increasing demand for AI-enabled personal computers and servers. Investors are typically able to trade the Taiwan-listed stocks through […]
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Barcelona residents call for ‘tourism degrowth’ to combat overtourism
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Civil groups behind June protests are calling for higher tourism taxes, cruise ship restrictions and tighter control of the short-term rentals that have disrupted Barcelona’s housing market. Source
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China’s beer market, the world’s largest, set for bounce as drinkers go high-end
Tourists takinf part in a beer carnival in Qingdao, Shandong province, China, July 1, 2023. Nurphoto | Nurphoto | Getty Images China, the world’s largest producer and consumer of beer, is expected to see a consumption recovery in the second half of this year, favoring premium offerings, on the back of sporting events. CGS International […]
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