World
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
Omar Marques | Lightrocket | Getty Images GameStop shares tumbled more than 20% in premarket Friday after the video game retailer said it plans to sell securities and reported preliminary results that showed a sales decline in the first quarter. In a new regulatory filing, the firm said it’s selling up to 45 million class […]
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Microsoft’s Mistral partnership avoids merger probe by British regulators
The Microsoft logo is displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images The U.K.’s Competition and Markets Authority cleared Microsoft’s AI partnership with Mistral of regulatory concerns after previously inviting views on whether the arrangement qualified as a merger. The CMA said in a brief statement Friday that the […]
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China pledges $42 billion in a slew of measures to support the struggling property sector
China announced “historic” steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy “some” apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments, […]
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Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO
Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Billy H.C. Kwok | Bloomberg | Getty Images Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even […]
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Russia-Ukraine war live updates: Ukraine’s Kharkiv hit by drones during longest air raid alert of the war; Putin praises Russia-China cooperation
Kharkiv hit by several drone strikes during Ukraine’s longest air raid alert of the war The administrative building is on fire after a Shahed-136 unmanned kamikaze drone attack on the railway infrastructure on May 17, 2024 in Kharkiv, Ukraine. The air alert in Kharkiv on May 16-17 became the longest since the beginning of the […]
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How this L’Oréal exec stays motivated at work even after working at the same company for 30 years
Vismay Sharma, president of L’Oreal SAPMENA, loves his job even after 30 years in the same company. Here’s how he stays motivated. Vismay Sharma, president of L’Oreal’s South Asia Pacific, Middle East and North Africa market — dubbed SAPMENA — has worked at the same company for more than 30 years and still enjoys his […]
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Steve Jobs’ former intern reflects on working for the tech mogul: ‘I worked 20 yards away from him every day’
Chet Kapoor, chairman and CEO of DataStax. Datastax As a teen, Chet Kapoor dreamed of working for tech mogul Steve Jobs. One day, that dream became a reality when Kapoor was hired as an intern at software company NeXT, founded by Jobs. “Steve was this iconic individual and I didn’t know him … I was […]
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China is a ‘critical’ global supplier, full decoupling may be impossible, survey shows
Foreign trade containers are being stacked at the container yard of Qingdao Port in Qingdao, China, on May 14, 2024. Nurphoto | Nurphoto | Getty Images China remains a “critical supplier” to the world and efforts for a full decoupling remain “difficult, if not impossible,” a trade report by Allianz Trade said. Despite talk of […]
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ECB board member reportedly cautions against back-to-back rate cuts, cites ‘risk of easing prematurely’
The European Central Bank exterior. Daniel Roland | AFP | Getty Images European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid lingering inflation risks, Nikkei reported Friday, as the central bank gears for its June meeting amid expectations of a rate cut. While a rate cut in June could be warranted […]
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CNBC’s Inside India newsletter: What’s next for India’s regulators?
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big […]
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