Walking the inventory tight rope Alix’s consumer sentiment report revealed a host of other findings for retailers to keep in mind as they enter the ever important holiday shopping season, including the No. 1 factor that would drive shoppers to a competitor. The majority of consumers surveyed, or 66% of respondents, said they’ll shop at … Read more
The Dow Jones Industrial Average experienced another decline, while the other major stock indexes saw gains on Thursday as investors processed an unexpected decrease in jobless claims. Tesla (TSLA) emerged as a significant earnings winner in today’s stock market. Following the opening bell, the Dow Jones Industrial Average declined by 0.3%, whereas the S&P 500 … Read more
JPMorgan Chase: Financial Strength and Market Leadership in Uncertain Times JPMorgan Chase & Co., the largest U.S. bank by assets, continues to showcase its financial strength and market leadership amidst an uncertain economic landscape. Despite challenges from interest rate fluctuations and regulatory pressures, the banking giant has maintained its dominance across various business segments. Let’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC Hong Kong has recently become a direct participant in China’s international payments system, marking a significant step for the world’s largest player in trade finance. This move gives HSBC a key role in Beijing’s … Read more
Spark Capital led the round and was joined by Index Ventures and others. PRIVATE EQUITY DEALS – Thoma Bravo is in advanced talks to acquire Anaplan, a San Francisco-based planning software maker, for more than $10 billion, according to Bloomberg. Anaplan was taken private by private equity firm Vista Equity Partners in 2016 for $4.5 … Read more
Here are five key things investors need to know to start the trading day: 1. S&P losing streak 2. EV gains New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Call it the Tesla 20%. That was … Read more
Euro zone business activity remained stagnant this month, staying in contractionary territory as demand from both domestic and international markets decreased despite firms barely raising their prices, according to a survey released on Thursday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, inched up to 49.7 in October from September’s 49.6 … Read more
The French luxury group Hermès has defied the global downturn in the sector by reporting a significant increase in quarterly sales. The Paris-listed company, known for its silk scarves and Birkin handbags, saw sales rise by 11.3% to €3.7bn in the three months ending in September. This growth was in line with analysts’ forecasts, and … Read more
“ Last week saw the departure of CVS Health CEO Karen Lynch from a position that had established her as the most powerful woman in American business, heading a company with a revenue of $358 billion in 2023. The company’s recent poor financial performance and weak profit forecast were the final straws for the CVS … Read more
Barclays, a British bank, reported a net profit of £1.6 billion ($2 billion) for the third quarter, surpassing expectations. The net profit was higher than the forecast of £1.17 billion and showed a 23% increase compared to the same period last year. Revenue for the quarter was £6.5 billion, slightly exceeding the predicted £6.39 billion. … Read more