Information

  • Nov 26, 2024

Hello Kitty Stock Sinks Most Since 2014 on Share Sale Plan

(Bloomberg) -- Sanrio Co. shares tumbled the most since May 2014 after the brand owner of Hello Kitty said holders including its president will sell shares in the open market.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeThe Tokyo-based company sank as much as 17% in e

  • Nov 26, 2024

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. U.S. gross domestic product — the economy's output of goods and services — slowed from the April-July rate of 3%, the Commerce Department reported Wednesday. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.

  • Nov 26, 2024

Trump’s Embrace of Crypto Poised to Increase CFTC’s Power Over Industry

(Bloomberg) -- The US Commodity Futures Trading Commission, the underfunded regulator overshadowed by the SEC, has a path to prominence if the incoming Trump administration revamps crypto policy and installs an industry-leaning chair.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes

  • Nov 26, 2024

HP forecasts Q1 profit below estimates on sluggish demand in PC market

(Reuters) -HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company's shares down 8% in extended trading. Traditional PC makers have been grappling with soft demand following a boom during the pandemic. AI PCs have not boosted the overall PC demand as "buyers have yet to see their clear benefits", Gartner analyst Mikako Kitagawa said.

Popular Post