Adidas warns of big earnings hit after ending Ye partnership
Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand.
Two portfolios—one GOP, one Democrat—make predictions about the U.S. midterms
Energy, defense, insurance and pharmaceutical stocks will benefit from policies set by the Republicans. Clean energy is a winner if the Democrats excel. Plus, the latest on the midterms and aid to Ukraine, CNBC’s Ted Kemp reports.
World leaders insist Russia’s war in Ukraine must be a reason to act even faster on climate
World leaders took to the stage on the opening days of the COP27 to insist Russia’s onslaught in Ukraine must not derail urgent climate action.
Cathay Pacific appoints long-serving executive Ronald Lam as next CEO
The 50-year-old was viewed by analysts as the most likely successor to Tang at an airline where the chief executive’s tenure is usually around three years.
Indonesia’s economy saw robust growth in the third quarter, but this could be ‘as good as it gets’
Indonesia’s economy grew at the fastest clip in more than a year for the third quarter, but this “might be as good as it gets” as headwinds await, economists said.
Six dead after powerful earthquake hits Nepal, rattles New Delhi
Nepal is still rebuilding after two major earthquakes in 2015 killed almost 9,000 people, destroyed whole towns and centuries-old temples.
One of China’s inflation gauges drops for the first time since 2020
China’s producer price index fell by 1.3% in October from a year ago, the first decline since December 2020, according to official data.
Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal
Tesla CEO Elon Musk sold additional shares of his electric car company after closing the $44 billion purchase of Twitter.
Asia markets mixed as U.S. midterm results roll in; China’s producer prices drop
Asia-Pacific markets mixed as U.S. midterm elections underway; China’s producer price drop in October
An investment bank used A.I. to analyze Q3 earnings calls. Here’s what it found
Investment bank Nomura identified a key factor that it said can predict a stock’s performance.
