Hermès stock is surging — and the Birkin bag maker is narrowing the gap with French rival LVMH
The French luxury group reported better-than-expected sales on Friday, pushing its market cap above 300 billion euros for the first time.
The French luxury group reported better-than-expected sales on Friday, pushing its market cap above 300 billion euros for the first time.
With Apple CEO Tim Cook teasing a new product launch Wednesday, analysts have speculated a new lower-cost iPhone model could soon hit store shelves.
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. continued whittling a longtime bet on Bank of America Corp. in last year’s final months, while keeping a stake in Apple Inc. intact following an earlier reduction.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayHow to Build a Neurodiverse CitySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Omaha, Nebraska-base
Investors were digesting a busy week of tariff hikes and inflation updates, as fresh retail data and earnings reports rolled in.
Intel stock notched a 23% weekly gain, the biggest in more than two decades.
Airbnb CEO Brian Chesky said people use the app once or twice a year. He wants to raise that to once or twice a week.
Shares of Chinese autonomous driving company WeRide and AI infrastructure company Nebius popped Friday after Nvidia disclosed stakes in the companies.
Shares of dialysis provider DaVita Inc. (NYSE:DVA) fell 14% in the morning session after the company reported weak fourth-quarter results: DaVita narrowly exceeded analysts' revenue expectations but fell short on full-year EPS guidance. A key challenge remains patient volume, as center closures could continue to pressure growth. Overall, this quarter could have been better.
Shares of streaming TV platform Roku (NASDAQ: ROKU) jumped 15.7% in the pre-market session after the company reported strong fourth-quarter 2024 results that easily cleared analysts' sales, EBITDA, and earnings expectations. Revenue grew 22% year on year, driven by a 25% increase in platform revenue, which benefited from higher advertising demand, including political ad spending, and deeper third-party platform integrations.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 14.3% in the morning session after the company reported strong fourth-quarter results, which blew past analysts' EPS and EBITDA expectations. Looking ahead, it slightly lifted its full-year revenue guidance, beating analysts estimates', while EBITDA outlook for the same period was roughly in line.