CNBC’s Robert Frank joins ‘Squawk Box’ to discuss Louis Vuitton Moët Hennessy hiring Pharrell Williams to lead its creative direction, the brands big bet on Pharrell, and the shareholder response to the decision.
Category: Finance News
Goldman Sachs scraps idea for direct-to-consumer credit card after strategy shift
Not long ago, CEO David Solomon told analysts the bank was developing its own card, which would’ve made use of the platform Goldman created for the Apple Card.
Barclays posts 19% slide in annual net profit after costly U.S. trading blunder; Shares down 8%
Barclays on Wednesday reported a full-year net profit of £5 billion ($6.05 billion) for 2022, beating consensus expectations of £4.95 billion.
Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon
Russia’s budget deficit hit a record 1.8 trillion rubles ($24.4 million) in January, with spending growing by 58% from the previous year while revenues fell by more than a third.
Seen Big Ben already? Here’s a Londoner’s guide to visiting other parts of the city
How a born-and-raised Londoner explores the city’s parks, restaurants and buildings.
China’s economic recovery is off to a slow start
Preliminary economic data indicate overall growth isn’t yet roaring back since mainland China ended its Covid controls in early December.
Stocks making the big moves after hours: Airbnb, TripAdvisor, Devon Energy and more
These are the stocks posting the largest moves after the bell.
Dan Sundheim’s D1 Capital places new bets on home furnishing retailers, adds to big tech
Daniel Sundheim’s D1 Capital Partners placed new bets on home furnishing retailers and doubled down on big tech stocks in the fourth quarter.
The IRS has issued nearly 8 million tax refunds. Here’s the average payment
The IRS has issued nearly 8 million tax refunds worth about $15.7 billion, as of Feb. 3. Here’s the average payment.
Stocks making the biggest moves midday: Palantir, Nvidia, Avis Budget and more
Here are the companies making headlines in midday trading Tuesday.