Shares of Gucci-owner Kering drop 5% after first-quarter sales slump
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US Top News and Analysis (RSS)
CNBC
Shares of Gucci-owner Kering drop after first-quarter sales slump
Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead.
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
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US Top News and Analysis (RSS)
CNBC
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.
World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
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US Top News and Analysis (RSS)
CNBC
World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
Norway's sovereign wealth fund on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector.
Fewer Americans are planning summer vacations. Travel costs aren't the top reason
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US Top News and Analysis (RSS)
CNBC
Fewer Americans are planning summer vacations. Travel costs aren't the top reason
People who aren't planning to travel this summer say the cost of everyday life (68%) is a bigger issue than travel expenses (64%), according to a new survey.
China says no ongoing trade talks with the U.S., calls for canceling 'unilateral' tariffs
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US Top News and Analysis (RSS)
CNBC
Trump asserts trade talks with China are underway after Beijing denies any ongoing negotiations
The statement followed China's denial of any talks with the U.S. and calls for abolishing 'unilateral' tariff measures for resolving trade issues.
Japan is wooing retail investors by lowering entry barriers to investing in this stock market
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US Top News and Analysis (RSS)
CNBC
Japan is wooing retail investors by lowering entry barriers to investing in this stock market
Japan's Tokyo Stock Exchange is asking listed companies to reduce their minimum investment thresholds to attract smaller retail investments.