Tag: travel

Volkswagen adjusts its profit target to 6%, cites cost-cutting deal to reduce workforce by 35,000 without layoffs.

Published on: January 22, 2025, 11:00 PM UTC

Saudi Arabia's Public Investment Fund (PIF) continues its bond issuance spree, raising $4 billion in a dual-tranche offering. Despite initial price talk, the notes were priced with lower premiums due to strong demand, exceeding $16 billion. The deal follows a $12 billion bond issuance by the Saudi government and a $7 billion Islamic loan by PIF.

Published on: January 22, 2025, 10:04 PM UTC

Retail CEOs are better equipped to deal with the latest round of tariffs from the Trump administration, having diversified their supply chains and negotiated with suppliers to keep costs down.

Published on: January 22, 2025, 10:02 PM UTC

Tech stocks led the market higher on Wednesday, boosted by record gains in Netflix (NFLX) shares on the heels of strong earnings. The Nasdaq Composite (^IXIC) rose nearly 1.3%, while the S&P 500 (^GSPC) climbed more than 0.6% to come just shy of its record high of 6,090. The Dow Jones Industrial Average (^DJI) was up 0.3%, continuing the rally from Tuesday's 500-point gain.

Published on: January 22, 2025, 10:02 PM UTC

Big Three automaker Stellantis plans major investments in the US following talks with the Trump administration, including a new midsize pickup truck and new investments in its Toledo assembly plant.

Published on: January 22, 2025, 08:02 PM UTC

PepsiCo CEO Ramon Laguarta wants to change the minds of food industry critics inside the new Trump administration, lauding the company's efforts in sodium, sugar, and artificial color reduction.

Published on: January 22, 2025, 08:01 PM UTC

Pressure on DEI programs sparks debate at Davos; companies search for alternative terms while staying committed to diversity

Published on: January 22, 2025, 08:00 PM UTC

Netflix stock soared after reporting strong Q4 earnings, adding a whopping 18.9 million users and beating revenue and earnings estimates. The streaming giant also announced a $15 billion stock buyback and increased its revenue outlook for 2025. Analysts praised the results and raised their price targets, with Pivotal Research setting the highest target of $1,250 per share.

Published on: January 22, 2025, 07:01 PM UTC

The European Union is facing increasing pressure to reduce its ESG reporting requirements, with France set to propose limiting the scope of the regulations. Amid concerns over the burden on businesses and Europe's competitiveness, the bloc is reconsidering its ESG ambitions, with the European Commission assessing options for significant cuts in reporting requirements.

Published on: January 22, 2025, 06:04 PM UTC

Netflix stock surged to a new all-time high after reporting strong fourth-quarter earnings, with analysts praising the company's subscriber growth, revenue beat, and earnings per share. The streaming giant added a whopping 18.9 million users in the quarter, beating expectations and marking its biggest quarterly subscriber gain ever. Revenue and earnings also handily beat expectations, sending shares up as much as 13.6% in early trading.

Published on: January 22, 2025, 05:01 PM UTC