Mars’ $662 million acquisition bid sends shares of Britain’s Hotel Chocolat soaring 160%
U.S. food giant Mars said Thursday that it will buy British chocolatier Hotel Chocolat for £534 million as the brand seeks to boost its international presence.
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
Eventual 2, 3% inflation in the U.S. is “very acceptable” outcome, given the conditions that the Federal Reserve had to grapple with.
Burberry shares sink 9% as luxury spending slowdown bites
Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts
Russia says it’s ‘destroying’ Ukrainians that crossed into occupied territory, vowing to inflict ‘hell’ on them
Fierce fighting has erupted between Russian forces and Ukrainian units that crossed over the Dnieper River to the Russian-occupied eastern bank of the river.
European stocks lower; Siemens up 6% on earnings, Burberry down 8% as luxury spending slowdown bites
European markets were lower on Thursday amid a cooling of the positive sentiment seen earlier in the week after the release of positive data from the U.S. and China.
CNBC Daily Open: Rate cuts might not be in the cards despite cooling inflation
After a very encouraging consumer price index reading on Tuesday, we have more evidence that inflation’s truly cooling. But don’t expect rate cuts soon.
Siemens beats earnings forecasts, says sales growth to slow in 2024
Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts.
Biden stands by comment that Xi is a ‘dictator’ hours after their first meeting in a year
Shortly after his first meeting with China President Xi Jinping in a year, Biden responded to a question on whether he stood by his June comment labeling Xi a dictator.
Most overused passwords in the world — make sure yours isn’t on the list
NordPass has revealed its study of the 200 most common passwords in 2023. Is yours on the list?
Senate sends funding bill to Biden’s desk, averting a government shutdown
The president is expected to sign the bill, which will fund the government through early next year to buy time for spending negotiations.
