Kering Warns Profit to Tumble Following Gucci Woes in China
Kering SA warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens.
Kering SA warned that profit will plunge in the first half of the year as the crisis at Gucci, its biggest brand, deepens.
With questions swirling around the US economy and corporate earnings, Morgan Stanley’s Mike Wilson is avoiding the kinds of big market calls he became known for the past couple years to focus instead on finding opportunities beneath the surface.
CVC Capital Partners is exploring options for its controlling stake in Italian drugmaker Recordati SpA, according to people familiar with the matter.
Tether, the issuer of the world’s most used stablecoin, has teamed up with TON Foundation to allow customers to send crypto payments using the popular Telegram encrypted instant messaging service.
New York City is “obviously the financial center of the world,” but needs to stay competitive to keep that title, according to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.
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