European stock markets diverged Thursday as investors digested the Federal Reserve interest rate outlook and awaited Apple’s latest results on eve of critical US payroll data. London’s stocks rose, helped by forecast-busting first-quarter earnings from energy major Shell, but Frankfurt and Paris retreated as both markets returned from a May Day holiday. Federal Reserve boss … Read more
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Carvana : Shares of the buying and selling online platform were soaring 35% on Thursday after a record first quarter. CEO Ernie Garcia realized, unlike Wall Street analysts had, that he was OK after getting the Apollo money, … Read more
Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023. Stephanie Keith | Bloomberg | Getty Images Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects, … Read more
HSBC CEO Noel Quinn. Lam Yik | Bloomberg | Getty Images HSBC on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm. In a statement released by the bank, Quinn said: “It has been a privilege to lead HSBC. I never imagined when I started … Read more
A man polishes a Volkswagen ID GTI Concept car on display at the International Motor Show (IAA) in Munich, southern Germany, on Sept. 5, 2023. Christof Stache | Afp | Getty Images German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands … Read more
On April 30, the European Year of Skills comes to an end. Looking back, what stood out most to me is the collective ambition this year inspired across Europe. From policymakers to enterprises, from educational institutions to individuals, there was a united push toward enhancing skills for a future-ready workforce. Looking ahead, the challenge and … Read more
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street’s earnings estimates for the first quarter, offsetting losses of its electric vehicles. The company maintained its 2024 earnings guidance … Read more
Philips office building in Warsaw, Poland on July 29, 2021. Nurphoto | Nurphoto | Getty Images Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions … Read more
Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets and buying in ICICI Bank and Reliance Industries. | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets … Read more
Are there unintended consequences to European Union sanctions against Russia? While rocked initially by the restrictions, Russia’s economy has shown remarkable resilience. Europe, on the other hand, is facing a year of glacial growth. There are also growing concerns around the legitimacy of some of the embargoes being issued by Brussels, the adverse impact on … Read more
