Manchester United sack manager Erik ten Hag after dismal start to the season
Manchester United sacked Erik ten Hag as the club’s first-team manager on Monday following a dismal start to the Premier League season.
Robinhood jumps into election trading, giving users chance to buy Harris or Trump contracts
Users can trade a Kamala Harris or Donald Trump contract starting Monday.
Election win for Russia-friendly party in Georgia sets the stage for protests and possible violence
Mass protests are expected in the Georgian capital of Tbilisi after the ruling, Russia-friendly party Georgian Dream claimed victory in a contentious election.
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company’s works council said Monday.
Wise’s billionaire CEO fined £350,000 by UK regulators over failure to report tax issue
Kristo Käärmann, CEO and co-founder of Wise, was ordered by regulators to pay a £350,000 fine due to a breach of senior manager conduct rules.
European markets close higher; Oil and gas stocks retreat; Philips shares down 16%
European markets closed higher Monday as investors reviewed the geopolitical situation in the Middle East.
Philips cuts annual sales outlook as China demand deteriorates
“In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions,” Chief Executive Roy Jakobs said in a statement.
CNBC Daily Open: Nasdaq hits all-time high even amid poor earnings growth
Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.
Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom’s Future Investment Initiative.
Britain’s Labour government to deliver debut Budget this week, settling weeks of uncertainty
U.K. Finance Minister Rachel Reeves will deliver the government’s hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts.
