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Capri posts bigger-than-expected drop in quarterly revenue on tepid demand
Posted inEconomy

Capri posts bigger-than-expected drop in quarterly revenue on tepid demand

(Reuters) -Versace-parent Capri Holdings (NYSE:CPRI) posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by execution missteps across brands and a global slowdown in luxury goods demand, sending its…
Posted by November 7, 2024
GM ending production of Cadillac XT4 SUV as it shifts to EVs
Posted inStock

GM ending production of Cadillac XT4 SUV as it shifts to EVs

(Reuters) – General Motors (NYSE:GM) said on Thursday it will end production of the gas-powered Cadillac XT4 in January as it shifts production at its Kansas plant to electric vehicles.…
Posted by November 7, 2024
Goldman Sachs appoints 95 new partners, including 26 women
Posted inStock

Goldman Sachs appoints 95 new partners, including 26 women

By Saeed Azhar (Reuters) – Goldman Sachs promoted 95 bankers to its elite partner ranks, including 26 women, the Wall Street giant said on Thursday. The appointments, which occur every…
Posted by November 7, 2024
Stocks hit record for second day, yields steady after Fed cut
Posted inStock

Stocks hit record for second day, yields steady after Fed cut

By Koh Gui Qing and Kevin Buckland NEW YORK/LONDON (Reuters) -Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasury yields retreated…
Posted by November 7, 2024
Fed cuts rates by 0.25% amid ongoing progress against inflation
Posted inEconomy

Fed cuts rates by 0.25% amid ongoing progress against inflation

Investing.com — The Federal Reserve cut interest rates by 25 basis points on Thursday as ongoing progress against inflation and signs of slowing labor market continued to support the monetary…
Posted by November 7, 2024
WATCH LIVE: Fed Chair Jerome Powell Press Conference
Posted inEconomy

WATCH LIVE: Fed Chair Jerome Powell Press Conference

Watch Fed Chair Jerome Powell speak live following the FOMC decision to slash interest rates by 25 basis points. This post appeared first on investing.com
Posted by November 7, 2024
Gold ETF demand turns positive for year-to-date, says WGC
Posted inEconomy

Gold ETF demand turns positive for year-to-date, says WGC

(Reuters) – Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World…
Posted by November 7, 2024
Brazil’s Lula to analyze spending cuts of up to $2.6 billion, says local media
Posted inEconomy

Brazil’s Lula to analyze spending cuts of up to $2.6 billion, says local media

SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will analyze two fiscal packages with spending cut measures that would amount up to 15 billion reais ($2.6 billion),…
Posted by November 7, 2024
Warner Bros Discovery CEO sees more industry deals under Trump
Posted inStock

Warner Bros Discovery CEO sees more industry deals under Trump

By Dawn Chmielewski and Harshita Mary Varghese (Reuters) – Warner Bros Discovery (NASDAQ:WBD) CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening the door…
Posted by November 7, 2024
Vanguard to pay $40 million to mutual fund investors stuck with big tax bills
Posted inStock

Vanguard to pay $40 million to mutual fund investors stuck with big tax bills

By Jonathan Stempel (Reuters) – Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million to settle a lawsuit claiming it stuck ordinary investors in…
Posted by November 7, 2024

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