Laopu Gold Co.’s revenue and profit growth topped estimates in the first half as the Chinese jeweller’s pieces, which blend traditional craftsmanship with rich cultural motifs, soar in popularity among middle class shoppers. Revenue increased 251 percent to 12.35 billion yuan ($1.72 billion) in the first six months of the year, according to a company…
Target (TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history. The discounter announced that longtime CEO Brian Cornell’s heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014,…
(MENAFN– AsiaNet News) U.S. stocks appear set for a negative opening on Tuesday as investors turn their focus to retail earnings, which offer a peek into the health of the economy. The Home Depot Inc. (HD) reported its second-quarter (Q2) results before the bell on Tuesday, while Target Corp. (TGT) and Walmart Inc. (WMT) are…
The stock market ended the week higher as Wall Street speculated on how a spate of economic releases would impact the Federal Reserve’s next interest rate decision. The S & P 500 and Nasdaq both gained nearly 1% over the past five sessions. Both benchmark gauges hit several record closes this week, with the S…
Here are your opening calls After three consecutive days of gains, the pan-European Stoxx 50 looks set to rise again today, with futures tied to the index last seen trading 0.6% higher. Those tied to the German DAX, France’s CAC 40 and London’s FTSE 100 are also all up by around 0.6%. Market participants will…
The stock market has been on a tear over the past month, as Wall Street mulled over quarterly earnings reports, President Donald Trump ‘s tariff moves, and the Federal Reserve’s next monetary policy decision. Since last month’s third annual meeting of the CNBC Investing Club, the S & P 500 and Nasdaq hit nine and…
European shares open higher Twenty minutes into Wednesday’s session, European equities are broadly moving higher, with the pan-European Stoxx 600 gaining 0.45% so far. Germany’s DAX index is around 0.7% higher, while the French CAC 40 and London’s FTSE 100 were last seen trading 0.4% and 0.3% higher, respectively. — Chloe Taylor Global rally Traders…
Watch: Munich Re CFO interview Munich Re shares have tumbled toward the bottom of the Stoxx 600 this morning, after the reinsurer cut its revenue guidance for the year. The company’s chief financial officer, Christoph Jurecka, told CNBC’s “Squawk Box Europe” that the tariff environment is not affecting its commitment to the U.S., and warned…
Fast-food chains are still ringing up sales, but the diners they serve look different from a year ago. McDonald’s said this week that profit for the spring quarter rose 11% to $2.25 billion, helped by a 3.8% gain in worldwide same-store sales. But growth at U.S. outlets slowed to 2.5%. Executives pointed to “continued pressure”…
A Rolls Royce driving past the entrance of the Jaeger-LeCoultre boutique on Rue du Rhône on August 2, 2025 in Geneva, Switzerland. Robert Hradil | Getty Images News | Getty Images Business leaders are scrambling to get their head around a new era of tariff complexity. The bemused mood among European chief executives on Thursday…