Zara's profit, Inditex, rose significantly by 32.5% for the nine months, although sales growth slowed.
Inditex has invested in expanding its physical and digital stores and strengthened its logistics capabilities, which has helped it outperform competition in the fast fashion sector.
Inditex's sales grew 11%, a slight slowdown from... Read more
Berkshire Hathaway, the investment company of US billionaire Warren Buffett, has sold almost half of its stake in US personal computer maker HP. Buffett's firm made the announcement in a report to regulators on Monday. Berkshire owned 51.5 million shares of HP at the end of November, leaving it holding a 5.2 percent stake in the company. At the beginning of October, Buffett's... Read more
Thanks for the info. I had been thinking about HP for a while before and I'm glad I didn't purchase, as this news would probably have made me quite nervous.
Impulse purchases, the instant decisions that often lead consumers to buy products they didn't originally intend to buy, are not going away. According to a recent report by analysts at RBC Capital Markets, this ongoing trend is a significant boon for specific platforms like Pinterest.
Pinterest, a well-known social media platform that allows users to... Read more
November US CPI inflation data will be released on Tuesday. According to analyst expectations, it should be unchanged month-on-month, but its core value could rise slightly month-on-month. According to Bloomberg, this could open up room for the Fed to consider cutting rates. Bloomberg also estimates that inflation could stay below 3% in the first half of... Read more
As fierce competition in the big tech sector and escalating investor hype make the adoption of artificial intelligence (AI) an increasingly risky proposition, Google is making significant progress with its latest AI software model, Gemini. Alphabet, Google's parent company, saw its shares rise 4.8% to $136.25 early last quarter - a... Read more
So the Gemini video unfortunately turned out to be very "rigged" and I expect the market will give Google a fair bit more of a hard time about it. It reminds me a bit of Nikola letting her car go downhill and I'm surprised they need this. Are they that scared of OpenAI?
C3.ai shares fell after lower-than-expected earnings in its fiscal second quarter, although its reported net loss improved slightly from a year earlier.
C3.ai posted a loss per share of 13 cents, better than analysts' expectations, but earnings fell short of the FactSet consensus.
The move to a consumption-based pricing model has gained support... Read more
Silicon Valley-based tech giant Nvidia Corp. has announced plans to collaborate with Japanese research organizations, companies and startups to build an artificial intelligence (AI) ecosystem in Japan. By leveraging its expertise in manufacturing graphics chips, which are widely used for training AI services, Nvidia aims to meet the... Read more
I wonder what exactly you mean by that. An AI factory, sounds like an absolute factory to me. Do they mean robots or what? There doesn't have to be a factory for the ai itself, there has to be an office.
Telecom company Ericsson wins $14 billion project to modernize AT&T
Swedish telecommunications company Ericsson has won a USD 14 billion project to upgrade AT&T's wireless networks.
Ericsson has won a USD 14 billion contract to upgrade AT&T's wireless networks. The Swedish telecommunications company announced Monday that AT&T will be able to select more suppliers for antennas... Read more
Nice news, I'm not in this company yet but I've known about it for a while, I was quite worried about this business but it seems that as Marek writes, it's waking up, what's your opinion about them? 😊
Shares of Carvana, a growing force in the online used car sales industry, have risen significantly this year from about $4 to $40. On Monday, the stock saw another 11% increase, which was largely boosted by a rating upgrade from influential banking giant J.P. Morgan.
A team of J.P. Morgan analysts led by Rajat Gupta upgraded Carvana's stock rating to... Read more
Media industry stocks strengthened significantly on Friday following a report by the Wall Street Journal that tech giant Apple and media conglomerate Paramount Global are in preliminary talks to create a package of their streaming platforms. This proposed partnership could potentially mean an Apple TV+ and Paramount+ bundle that... Read more
Comparable sales decreased by 8%. Analysts were expecting a 9.88% decline. The total number of stores fell 6.7% year-over-year to 2,607, while analysts were expecting 2,557.
Foot Locker also disclosed its intention to enter the Indian market in 2024 through a long-term licensing agreement with one of India's largest footwear retailers, Metro Brands... Read more
Interesting news about India. Like in this sector I only follow $NKE and it's kind of those shoes intertwined I guess? ...I've seen this company go down significantly now but it looks like they're going to hold their ground and with this going to market in India it could be a big boon for them and so as a potential I like it ...how do you see it? 😊
Wow, as a recession is obviously not expected on the one hand, but this is not really ok anymore