H&M plunges 13% on doubts over full-year margin target, June sales outlook
Shares of H&M plunged more than 14% Thursday morning after the company reported a smaller-than-expected increase in second quarter profits.
‘A disastrous event’: All-out war between Israel and Hezbollah could devastate both sides
Hezbollah, considered to be among the most heavily armed nonstate groups in the world, is estimated to have 10 times the military capability of Hamas.
CNBC Daily Open: Micron slides, Amazon’s $2 trillion
The S&P 500 and Dow Jones closed slightly higher, while Nasdaq Composite increased by 0.49%, with Nvidia recovering. Amazon’s market cap surpassed $2 trillion.
Onboard forests, street markets and reefs: Disney releases details about its new cruise in Singapore
The Disney Adventure will sail three- and four-night voyages from Singapore starting in 2025, with the capacity to carry some 6,700 passengers on board.
Crypto catches M&A frenzy as bitcoin miners chase AI boom
Crypto companies are at the center of a wave of deal-making as bitcoin miners look for ways to use their massive data centers to jump into the world of AI.
India’s water crisis could lead to unrest, hurt economic growth, Moody’s warns
Severe water shortages in India could hurt its sovereign credit strength, according to Moody’s Ratings.
Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with its various creditors Wednesday, marking progress in its economic recovery.
UK human rights group launches campaign to stop Shein’s potential London IPO
Human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein’s potential London listing over its labor practices, said a law firm.
Hongkong Land plans $1 billion luxury retail destinations in financial hub
Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city’s financial district
Webtoon Entertainment prices U.S. IPO at top of range to raise about $315 million
Webtoon Entertainment priced its IPO at the top of its range, aiming to raise $315 million, the online comics platform announced Wednesday.
