Nestle SA

Europe stocks hit fresh record high on earnings, Ukraine peace hopes
World

Europe stocks hit fresh record high on earnings, Ukraine peace hopes

European stock markets were broadly higher Thursday, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war. The regional Stoxx 600 index maintained positive momentum from earlier this week, when it marked three record closing highs, gaining another 0.74% by midday in London to hit another all-time intraday peak. Markets […]

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Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple listing
World

Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple listing

Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City.  Michael M. Santiago | Getty Images Consumer goods giant Unilever on Thursday posted slightly weaker-than-expected sales growth and pointed to a […]

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The ‘weight-loss trade’ has stalled. What it will take to revive investor interest
Health

The ‘weight-loss trade’ has stalled. What it will take to revive investor interest

Anyone who’s been on a diet can likely relate: Those first lost pounds are met with a sense of euphoria. The voice inside one’s head screams: “I’ve got this!” But then, it inevitably becomes a slog. The initial novelty wears off, and the real work begins. Investors may see a parallel to the initial elation […]

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Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam
World

Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam

A coffee cup with a printed message from Salvadoran President Nayib Bukele’s X account is pictured at Franco’s Pupusa restaurant in San Salvador on July 17, 2024. Marvin Recinos | Afp | Getty Images A record-breaking rally for coffee prices shows no sign of slowing down, analysts say, with some warning it could take years […]

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A Singaporean AI startup is trying to disrupt the 100-year-old market research industry
World

A Singaporean AI startup is trying to disrupt the 100-year-old market research industry

Artificial intelligence is aiming to disrupt a 100-year-old industry. Finding ways to attract consumers to buy packaged goods stretches back to the 1920s when American psychologist Daniel Starch created the world’s first market research study. Today, the global market research industry is worth an estimated $87.7 billion and is expected to grow by another $15 […]

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European markets close higher after ECB cuts rates for the third time this year
World

European markets close higher after ECB cuts rates for the third time this year

‘Probably more downside risk than upside risk’ to inflation forecast, Lagarde says There is “probably” more downside than upside risk to the ECB’s inflation forecast, the group’s President Christine Lagarde told CNBC’s Annette Weisbach during the post-decision press conference. Asked about recent warnings that the ECB now faces a return of its old challenge of […]

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Nestle CEO departure seen as ‘not such a bad thing’ for investors, analyst says
World

Nestle CEO departure seen as ‘not such a bad thing’ for investors, analyst says

Swiss food giant Nestle’s headquarters in Vevey, Switzerland. Fabrice Coffrini | Afp | Getty Images LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is “not such a bad thing,” analyst Jon Cox said Friday. Cox, who is head of consumer equities at Kepler Cheuvreux, told […]

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Swiss stock exchange says trading halted due to data problems
World

Swiss stock exchange says trading halted due to data problems

Four Chinese companies raised about $1.5 billion in July by issuing shares on the Six Swiss Exchange via a new China stock connect program. Bloomberg | Bloomberg | Getty Images Switzerland’s stock exchange SIX said trading had been halted on Wednesday morning across all products until further notice due to issues with disseminating data. SIX […]

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European stocks head for mixed open as selloff eases; U.S. inflation data due
World

European stocks head for mixed open as selloff eases; U.S. inflation data due

Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]

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Avoid the ‘Magnificent 7’ and buy these lesser-known stocks instead, wealth manager says
World

Avoid the ‘Magnificent 7’ and buy these lesser-known stocks instead, wealth manager says

The so-called “Magnificent Seven” were among the hottest stocks last year, but one wealth manager says they are “wildly overvalued” and has his sights elsewhere. “There is a possibility that the Magnificent Seven will continue to grow and generate positive returns for investors in the next decade, but I don’t think that’s the case with […]

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