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Porsche CEO says Volkswagen ties ‘should play a role’ amid U.S. tariff threat
In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty Images News | Getty ImagesPorsche's CEO Oliver Blume on Wednesday said the company could lean into its…
L’Oreal CEO plays down the impact of U.S. tariffs, says he’s ‘not overly…
L'Oreal could avoid the worst of the tariff war with the U.S., the beauty giant's CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers Hieronimus said he is "not overly concerned" over the impact of…
Kohl’s shares plunge 20% as retailer gives rough outlook for the year ahead
Kohl's posted an earnings and revenue beat for the fiscal fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead.Shares of the company dropped more than 20% in early trading on…
Volkswagen expects revenue to grow in 2025, says it feels ‘all-American’ as tariffs loom
The new Volkswagen ID. EVERY1 is displayed during the presentation during the presentation of the Volkswagen ID. EVERY1 on March 5, 2025 in Dusseldorf, Germany.Andreas Rentz | Getty ImagesGerman autos giant Volkswagen reported a 15%…
Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023.The company said it expects total dividends for 2025 of $85.4 billion — a significant fall from…
Okta pops more than 24% on strong earnings and guidance beat, posts best day in more than
Todd McKinnon, CEO of Okta Inc., smiles during a Bloomberg Technology television interview in San Francisco on April 4, 2022.David Paul Morris | Bloomberg | Getty ImagesOkta shares soared 24.3% on Tuesday after the cloud-based identity…
Abercrombie & Fitch shares plunge 15% after star retailer posts weak guidance for year
Abercrombie & Fitch's growth story is starting to slow down.Shares of the apparel retailer plummeted 15% on Wednesday after the company issued weaker-than-expected guidance for its current quarter and fiscal 2025, and said it expects…
Adidas’ fourth-quarter sales top expectations as final Yeezy stock sold off
An Adidas flagship store at Nanjing Road Pedestrian Street in Shanghai, China.Cfoto | Future Publishing | Getty ImagesAdidas on Wednesday reported an uptick in fourth-quarter sales that exceeded expectations, as the retailer sold off the…
Lufthansa hopeful Trump administration will spur Boeing deliveries as delays hit bottom
German airline group Lufthansa is hopeful that the new U.S. administration will support Boeing in overcoming issues that have led to industry-wide delivery delays, CEO Carsten Spohr said Thursday.The company expects 2025 will be the year…
Macy’s turnaround hinges on revamping some stores and closing others. It appears to be
Macy's flagship store in Herald Square in New York, Dec. 23, 2021.Scott Mlyn | CNBCMacy's delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the…