A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line. Gvasalia, known as…
WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to…
Snoop Dogg attends the Artistic Gymnastics Women’s Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024. Arturo Holmes | Getty Images Sport | Getty Images Comcast and the International Olympic Committee have agreed on a new deal that expands the company’s broadcast reach and extends…
U.S. Treasury Secretary Scott Bessent on Thursday said Wall Street should shrug off President Donald Trump’s latest threat to impose steep tariffs on foreign trading partners. Asked on CNBC’s “Squawk on the Street” about Trump’s threat to ratchet up tariffs on European alcohol, Bessent suggested the move should have little impact on stocks. “One or…
Shantanu Narayen, Chair and CEO of Adobe Systems, addresses the gathering on the first day of the three-day B20 Summit in New Delhi on Aug. 25, 2023. Sajjad Hussain | AFP | Getty Images Adobe shares closed down 14% following the company’s quarterly earnings report as investors fretted over lingering growth concerns and the software…
CNBC’s Jim Cramer on Thursday lamented the negative sentiment surrounding the economy, which he thinks the White House is currently projecting. Wall Street’s response has sent the averages tumbling. “Every day, there is something to celebrate in the business world because the business world is fantastic,” he said. “We’d be in much better shape if…
A screen displays the company logo for Toast Inc. during the company’s initial public offering at the New York Stock Exchange in New York City on Sept. 22, 2021. Brendan Mcdermid | Reuters Economic concerns are hitting the stock market broadly, but they’re having an outsized impact on fintech companies that are tied closely to…
The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com. Inventory gains in the region, which includes the District as well as Maryland and Virginia suburbs, began to accelerate in January and February, up…
Intel appoints Lip-Bu Tan as CEO. Courtesy: Intel Intel shares popped more than 16% after the struggling chipmaker named Lip-Bu Tan its new CEO and Wall Street cheered the turnaround attempt. Tan previously served as CEO of chip software maker and Intel supplier Cadence Design Systems, and will rejoin the board after departing last year….
Russian President Vladimir Putin speaks during a bilateral meeting at the Grand Kremin Palace, March 13, 2025, in Moscow, Russia. President of Belarus Lukashenko is having first foreign trip after re-election. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin on Thursday said Russia agrees in principle with the U.S.-led ceasefire plan…
