H&M shares tumble 12% after weaker sales and surprise CEO exit
“It has been very demanding at times for me personally,” outgoing CEO Helena Helmersson said.
Taylor Swift’s label UMG to pull music from TikTok, accusing the social media app of bullying
Universal Music Group, which represents megastars from Taylor Swift to Drake, accused TikTok of not paying “fair value” for its music.
China comes just shy of Japan as the world’s largest car exporter
More than 70% of China’s car exports in 2023 were of gasoline-powered vehicles, according to the country’s Ministry of Commerce.
Santander Q4 profit at record high on Europe, Brazil lending income
Strong lending income in Europe and Brazil helped Spain’s Santander offset a loss in Argentina and post a record high profit for the last quarter of 2023, beating forecasts.
Novartis misses Q4 net income expectations, extends forecast
Novartis on Wednesday reported a gain of 6% in fourth-quarter adjusted net income, helped by cost cuts and strong growth of recently launched drugs.
CNBC Daily Open: Tech earnings not impressing Wall Street
Tech giants Microsoft and Alphabet earnings both managed to beat top and bottom line estimates. Still, that wasn’t good enough for Wall Street.
Novo Nordisk hits $500 billion in market value as it flags soaring demand for Wegovy, Ozempic
Novo Nordisk, Europe’s largest company by market capitalization, on Wednesday reported better-than-expected 2023 earnings.
Saudi Arabia’s economy contracts again, dragged by oil cuts
The drop was a result of a 16.4% decline in oil activities, the report stated.
’50 shades of green’: UN’s Usher highlights financing challenge for companies still in green transition
The head of the United Nations’ Environmental Programme Finance Initiative said that there is still a “real challenge” to scaling the flow of investment to companies that are transitioning to become greener.
U.S.-China fentanyl talks get off to a ‘productive’ start, security advisor says
The U.S. and China had a “productive” first day of fentanyl talks, Jennifer Daskal, a deputy homeland security advisor, told NBC News’ Janis Mackey Frayer.
