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European Central Bank’s Lagarde says June data key for rate cut decision

“By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid,” the ECB chief said.

Published 20 March 2024
Categorised as Finance News

Gucci sales to fall 20% in first quarter, Kering warns

CNBC’s Charlotte Reed discusses Kering’s surprise profit warning, as the company forecasts Gucci sales will fall 20% in the first quarter of 2024.

Published 20 March 2024
Categorised as Finance News

Gucci sales to plunge 20% in first quarter as Kering issues rare luxury profit warning

French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.

Published 20 March 2024
Categorised as Finance News

EU-China trade relations are in a ‘slow-motion train accident,’ business group says

Trade tensions between Europe and Beijing will likely escalate, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.

Published 20 March 2024
Categorised as Finance News

Social Security benefits after divorce: In some cases ‘your ex is worth twice as much dead than alive,’ expert says

Divorced spouses can generally claim Social Security benefits based on a former partner’s earnings record. Those benefits increase upon their death.

Published 19 March 2024
Categorised as Finance News

Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday

The Fed has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot.

Published 19 March 2024
Categorised as Finance News

This key issue has 1 in 3 expats ‘seriously considering’ or planning to renounce U.S. citizenship

U.S. expatriates have extra tax filing rules and the burden is making some expats question their American citizenship, according to a new survey.

Published 19 March 2024
Categorised as Finance News

Stocks making the biggest moves midday: Nvidia, Super Micro Computer, Unilever, Nordstrom and more

These are some of the stocks making notable moves in midday trading.

Published 19 March 2024
Categorised as Finance News

Ferrari boss promises ’emotion’ won’t be lost in EV engine roar

Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker’s new EV will offer drivers the same roar as its historic combustion engines.

Published 19 March 2024
Categorised as Finance News

Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion

Grayscale’s CEO said that fees on its flagship bitcoin ETF will come down over time, softening an earlier stance defending costlier than market average fees.

Published 19 March 2024
Categorised as Finance News

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