LVMH shares jump 8% as earnings point to luxury sector resilience

LVMH shares jump 8% as earnings point to luxury sector resilience

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024.  Benoit Tessier | Reuters LVMH shares jumped more than 8% on Friday morning, after the world’s largest luxury group posted higher-than-expected sales for 2023 and … Read more

What recession? The U.S. economy kept growing

What recession? The U.S. economy kept growing

U.S. President Joe Biden speaks with workers while visiting CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023.  Andrew Caballero-Reynolds | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

Intel (INTC) earnings report Q4 2023

Intel (INTC) earnings report Q4 2023

Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates. Here’s how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended in December: Earnings per share: 54 … Read more

Humana reports grim 2024 forecast due to soaring medical costs

Humana reports grim 2024 forecast due to soaring medical costs

Signage is displayed on a Humana Inc. office building in Louisville, Kentucky, U.S., on Sunday, Feb. 3, 2019. Humana is scheduled to release earnings figures on February 6. Photographer: Luke Sharrett/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Shares of Humana plummeted on Thursday after the health insurer issued dismal full-year earnings guidance, … Read more

Comcast (CMCSA) earnings Q4 2023

Comcast (CMCSA) earnings Q4 2023

Omar Marques | Lightrocket | Getty Images Comcast topped both revenue and profit estimates in the fourth quarter as it lost fewer broadband subscribers than expected, and it raised its dividend 7%, the company said Thursday. Here’s how Comcast performed, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv. Earnings per share: 84 … Read more

Elon Musk says Chinese EV makers will ‘demolish’ other companies

Elon Musk says Chinese EV makers will ‘demolish’ other companies

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.  Slaven Vlasic | Getty Images Elon Musk said Chinese electric automakers will find “significant” success outside of China, even as his firm Tesla faces intense competition from these same companies. … Read more

American Airlines (AAL) Q4 2023 earnings

American Airlines (AAL) Q4 2023 earnings

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023.  JanValls | Nurphoto | Getty Images American Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines. Shares of the company rose … Read more

Tesla (TSLA) shares fall after Musk’s EV maker warns of 2024 slowdown

Tesla (TSLA) shares fall after Musk’s EV maker warns of 2024 slowdown

Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Kirsty Wigglesworth | Reuters Tesla shares fell in pre-market trade on Thursday, after the company reported earnings that missed expectations and warned of a slowdown in 2024. Shares of Tesla were around … Read more

Boeing 737 Max 9 grounding will cost $150 million

Boeing 737 Max 9 grounding will cost 0 million

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024.  Patrick T. Fallon | AFP | Getty Images Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will … Read more

All eyes on U.S. fourth-quarter GDP

All eyes on U.S. fourth-quarter GDP

A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more