The Norges Bank, Norway's central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesNorway's giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks.The so-called Government Pension...
Passengers board an aircraft, operated by Ryanair Holdings Plc, on the tarmac at London Stansted Airport, operated by Manchester Airport Plc, in Stansted, UK, on Monday, Nov. 6, 2023.Chris Ratcliffe | Bloomberg | Getty ImagesRyanair on Monday trimmed its profit forecast for the year to the end of March...
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 | ReutersLVMH shares jumped more than 12% on Friday morning, after the world's largest luxury group posted higher-than-expected...
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019.Shannon Stapleton | ReutersLevi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday.The job cuts will take place in the first half of...
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel 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...
Southwest Airlines ranked as the second-best domestic airline, according to Bounce's 2023 Airline Index.Aaronp/bauer-griffin | Gc Images | Getty ImagesSouthwest Airlines has taken the Boeing 737 Max 7 out of its fleet plans as regulators haven't yet certified the smallest model of the manufacturer's best-selling plane.Southwest became the latest...
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 ImagesAlaska Airlines said Thursday that the weekslong grounding of the Boeing...
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023.Nokia shares were 7% higher at around 8.19...
New Hyundai cars are displayed on the sales lot at San Leandro Hyundai on May 30, 2023 in San Leandro, California.Justin Sullivan | Getty ImagesSouth Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavorable exchange rates as well...
The SK Hynix Inc. logo is displayed on a glass door at the company's office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year.SeongJoon...