People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain. Miguel Pereira | Getty Images News | Getty Images The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following…
A Volkswagen logo on the rim of an e-up. electric car tire. Julian Stratenschulte | Picture Alliance | Getty Images German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter. Operating profit fell to 2.86 billion euros ($3.1 billion), while third quarter sales revenues slipped 0.5% year on year…
Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023. Bloomberg | Bloomberg | Getty Images Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse. Net profit attributable to shareholders came…
Aerial photograph shows electric cars for export stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu Province. The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Str | Afp | Getty Images China’s commerce ministry said it “does not…
Driving in a foreign country can be pleasant or harrowing — ranging from a bucolic slow-roll through the countryside to a heart-pumping slog through a maze of city streets. But some countries make motorists more nervous than others. A survey published in October shows drivers are most concerned about getting behind the wheel in…
Jared Cohen Anjali Sundaram | CNBC Data centers are a key piece of artificial intelligence infrastructure. Where they pop up around the globe could have lasting geopolitical impacts for the U.S., says Goldman Sachs’ president of global affairs. Jared Cohen, the former CEO of Google’s Jigsaw and now co-head of the Goldman Sachs Global Institute,…
AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | Reuters Advanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. Here’s how the company did, compared with LSEG estimates for the quarter ending Sept. 28:…
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Angus Mordant | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported mixed quarterly results, despite another quarter of higher traffic to its restaurants. Shares of the company fell 7% in extended trading. Here’s what…
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images RIYADH, Saudi Arabia — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at…
Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the…
