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Gucci Owner Kering's Earnings Hit by Turnaround, China Woes
The French luxury-goods group said it booked revenue of €9.02 billion, down 11% both as reported and on a comparable basis compared with the year-earlier period.
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Meta Handed $100 Million Fine in Ireland Over Password Storage
Ireland’s data protection watchdog fined Meta Platforms after the Facebook and Instagram owner stored passwords…
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Don Lemon Sues Elon Musk and X for Canceling Partnership Deal
The billionaire terminated an agreement after a contentious interview with the former CNN anchor.
BNP Paribas in Exclusive Talks for AXA's Investment-Management Arm
BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for…
Reinstalled Gildan CEO Chamandy Wants to Make T-Shirts for Less
CEO Glenn Chamandy is focusing on ways to both optimize production by using underused capacity in places such as Latin…
Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints
The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for…
Delta CEO Says CrowdStrike Tech Outage Cost It $500 Million
The airline faced deeper disruption and took days longer than rivals to get back on track after the outage knocked…
Microsoft Stock Drops After Slight Miss in Cloud Growth
Sales for Microsoft’s main cloud business fell just short of expectations last quarter, causing the tech giant’s stock to tumble…
Standard General Agrees to Buy Out Bally
Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values…
Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well…