Kering Shares Surge as Renault CEO Set to Join for Turnaround French luxury group Kering is making headlines as its shares experience a significant surge following reports that Luca de Meo, the current CEO of Renault, is set to join the company in the coming days. This move comes as Kering looks to navigate a […]
India urges preference for state telecom providers
India Urges Preference for State Telecom Providers In a recent policy shift, India has taken a bold stance by urging a preference for state-owned telecom providers over their private counterparts. This latest push may quietly redefine the balance of power in the telecommunications sector, with far-reaching implications for market dynamics and digital sovereignty. The move […]
Broadcom beats estimates but stock dips after-hours
Broadcom Beats Estimates but Stock Dips After-Hours Broadcom, the global technology leader, recently announced its financial results for the fiscal quarter, surpassing analysts’ estimates. Despite the positive performance, the company experienced a slight dip in stock value during after-hours trading. This fluctuation in stock price has left investors wondering about the factors influencing Broadcom’s market […]
Tesla gives biggest discount on Cybertruck as Trump-Musk trade blows on social media
Tesla Slashes Prices on Cybertruck Amid Trump-Musk Trade Dispute The uneasy partnership between U.S. President Donald Trump and Tesla chief executive Elon Musk fractured recently as a series of social media exchanges ignited tensions between the two influential figures. The latest development in this ongoing saga comes in the form of Tesla announcing its biggest […]
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh Lululemon, the renowned activewear brand, has recently announced a cut in its annual profit forecast due to a slowdown in demand and the burden of tariffs. This move comes as a surprise to many, considering Lululemon’s history of growth and success in the activewear market. […]
Procter & Gamble to Cut 7,000 Jobs Over Two Years
Procter & Gamble to Cut 7,000 Jobs Over Two Years Procter & Gamble, the American personal care giant, is set to undergo significant changes in the coming years. With a strategic restructuring program on the horizon, the company has announced its decision to slash 7,000 jobs over the course of two years. This move comes […]
Gap’s Quarterly Sales Beat on Strong Demand for Old Navy, Namesake Brands
Gap’s Quarterly Sales Beat on Strong Demand for Old Navy, Namesake Brands Gap Inc., the renowned American retailer, has recently reported a significant increase in its quarterly sales, driven by robust demand for its Old Navy and namesake brands. The company’s performance has exceeded expectations, showcasing its ability to resonate with consumers in a highly […]
LVMH Has Room to Raise Prices 2-3%, LVMH Deputy CEO Says
LVMH Has Room to Raise Prices 2-3%, LVMH Deputy CEO Says In the dynamic world of luxury goods, pricing strategies play a crucial role in maintaining brand exclusivity and driving profitability. Recently, Deputy CEO Stephane Bianchi of LVMH, the renowned luxury conglomerate, made an intriguing statement regarding the company’s pricing power. Bianchi expressed confidence that […]
Abercrombie Shares Surge as Strong demand drives first-quarter beat
Abercrombie & Fitch Lowered Annual Profit Forecast Despite Beating First-Quarter Estimates Abercrombie & Fitch, the renowned American lifestyle retailer, recently made waves in the market with its first-quarter results. Despite surpassing expectations and forecasting robust annual sales, the company chose to lower its annual profit forecast, causing a stir among investors and industry experts. The […]
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty Macy’s, the renowned American department store chain, recently made headlines by lowering its annual profit forecast. The reason behind this unexpected move? Tariff-related uncertainty and a sense of caution prevailing among consumers. This decision comes on the heels of Macy’s success in surpassing first-quarter net revenue estimates, […]