H&M posts weaker-than-expected first-quarter sales in slow start to the year H&M on Thursday posted weaker than expected first-quarter sales in a slow start to the year for the world’s second-largest clothing retailer. Sales at the Swedish fashion giant rose 2% in local currencies to 55.33 billion Swedish krona ($5.5 billion) in the three-month period, slightly…
U.S. President Donald Trump greets members of the audience after signing a proclamation during a Greek Independence Day celebration at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images U.S. President Donald Trump’s tariffs have so far taken the shape of country-specific, sweepingly reciprocal, targeted at sectors and applicable…
President Donald Trump’ s “America First” policies are having the unintended consequence of making the rest of the world suddenly attractive to investors. International stocks outside the U.S. are outperforming in a way they haven’t in years, with the iShares MSCI Emerging Markets ETF (EEM) and the iShares MSCI EAFE ETF (EFA) rallying more than…
Shipping giant Hapag-Lloyd posts 2024 profit decline, flags ‘fragile’ environment The Toronto Express container ship, operated by Hapag-Lloyd AG at the Port of Hamburg in Hamburg, Germany, on Wednesday, Dec. 20, 2023. Maria Feck | Bloomberg | Getty Images German shipping giant Hapag-Lloyd on Thursday reported a 19% slide in annual group profit to $2.59…
Traders work at the New York Stock Exchange on March 18, 2025. NYSE Investors are feeling as gloomy as consumers. The University of Michigan’s Survey of Consumers, which was released March 14, showed consumer sentiment plunging to its lowest since 2022. Wall Street is in a similarly dour mood, according to the March edition of…
European bond yields fall Yields on regional government bonds ticked lower on Monday morning, as investors awaited a key German vote on fiscal policy reform and continued to monitor developments in U.S.-EU trade relations. The yield on Germany’s 10-year government bonds — widely seen as a benchmark for the euro zone — was 5 basis…
Signs limit the number of cartons of eggs a customer can purchase at a grocery store in Gloucester, Massachusetts, U.S., March 8, 2025. Brian Snyder | Reuters The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at…
European markets opened higher on Friday as U.S. President Donald Trump’s tariffs regime continues to remain in focus. Talks centered on a ceasefire deal for Ukraine are also still in the limelight for regional traders. The regional Stoxx 600 was up nearly 0.4% shortly after the opening bell, with London’s FTSE 100 up 0.3% and…
Traders work on the floor of the New York Stock Exchange on March 13, 2025. NYSE After Thursday’s sell-off, the S&P 500 has joined the Nasdaq Composite in correction territory, which is typically taken to mean a decline of 10% or more from a recent high. Investors looking to distract themselves with a drink might,…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025. Charly Triballeau | Afp | Getty Images CNBC will be hosting “CONVERGE LIVE,” an inaugural thought leadership event on March 12-13, 2025, in Singapore, where global business leaders, entrepreneurs, investors…