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    Bloomberg

    Kering Shares Drop After Gucci Slump Prompts Profit Warning

    (Bloomberg) -- Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors BailingThe s

  • Business
    Bloomberg

    World’s Biggest Energy Traders Are Returning to Metals

    (Bloomberg) -- Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors BailingVitol Group, Gunvor

  • Business
    Bloomberg

    Tesla Speeds Cheaper EV Plans, Calming Fears Over Strategy

    (Bloomberg) -- Tesla Inc. shares rebounded after Elon Musk vowed to launch less-expensive vehicles as soon as late this year, easing concerns about disappointing earnings results and diminished growth prospects.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Tra

  • Business
    Bloomberg

    Google-Backed AI Firm Is Hong Kong’s Latest Stock Debut Flop

    (Bloomberg) -- Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, finished its first day of trading lower in Hong Kong, marking the third stock debut to flop in the city this week.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s F