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.
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.
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.
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.
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.
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.
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.
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.
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.
Banks are in limbo without a crucial lifeline. Here’s where cracks may appear next
High interest rates and rising losses on commercial real estate threaten hundreds of U.S. banks, mostly smaller regional lenders and community institutions.