Walmart reports strong quarterly growth ahead of holiday shopping season

Walmart reported strong quarterly results, with U.S. revenues rising as households increased spending on groceries, household items, and toys. Net income reached $4.58 billion, and adjusted EPS was $0.58, surpassing expectations. The company has raised its revenue growth forecast to 4.8% to 5.1% for the year, reflecting its ongoing success in capturing market share and attracting high-income shoppers.
17:30 19.11.2024

Nestlé to spin off water business amid profitability concerns and scandals

Nestlé is spinning off its water business, including brands like Perrier and S. Pellegrino, due to low profitability and ongoing controversies surrounding water rights and environmental impact. The company, which struggled to position water as a luxury product, will seek partnerships or sales starting in 2025. With an operating profit margin of around 10%, significantly lower than its coffee segment, Nestlé"s decision reflects the challenges of monetizing bottled water amid growing scrutiny over its practices.

angola expects kwanza stability to continue until year end

Angola"s central bank anticipates the kwanza will remain stable until at least the end of the year, following the resumption of foreign currency sales to commercial lenders. Governor Manuel Tiago Dias expressed confidence in the exchange rate"s stability during a press conference in Ndalatando, with future assessments planned for 2025.

tc energy delays indigenous stake sale amid financing issues

TC Energy Corp. may alter its plan to sell a stake in its NGTL gas pipeline system to approximately 72 Indigenous communities for C$1 billion, as the CEO announced delays in bond financing. The company has informed the Indigenous consortium that it cannot proceed with the transaction.

Walmart maintains strong market position with diverse global retail operations

UBS has reaffirmed its Buy recommendation for Walmart Inc., the leading global retail group. As of January 2023, 83.3% of its sales come from the U.S. and Puerto Rico, primarily through Walmart and Sam"s Club, while international distribution accounts for 16.7% across various countries.
17:19 19.11.2024

bitcoin rises amid escalating tensions between ukraine and russia

Bitcoin rose slightly to $92,003.28 amid escalating tensions between Ukraine and Russia, just below its recent all-time high. While Bitcoin showed resilience, ether and stocks like Coinbase and Robinhood faced declines. Analysts note Bitcoin"s dual nature as both a risky asset and a potential safe haven during geopolitical uncertainty.

google faces potential breakup after losing major antitrust case

Alphabet Inc."s Google has lost a significant antitrust case, with a judge ruling it illegally monopolized the search market. State attorneys general and the US Justice Department are considering asking for a breakup of the company, potentially the largest since AT&T"s dismantling in 1984. A trial on remedies for this monopolization is set for April 2025.

aerovironment to acquire bluehalo in transformative 4.1 billion deal

AeroVironment has announced its plan to acquire BlueHalo for approximately $4.1 billion, marking a significant expansion into satellite communications and space-based defense technologies. The deal, which has received unanimous board approval, is expected to close in the first half of 2025, pending regulatory and shareholder approvals. BlueHalo, currently owned by Arlington Capital Partners, holds a $1.4 billion contract with the U.S. Space Force to modernize satellite communication infrastructure.

xenophobia and racism faced by tidjane thiam at credit suisse

Tidjane Thiam, former CEO of Credit Suisse, faced xenophobia and racism during his tenure, as highlighted by journalist Duncan Mavin in his book "Meltdown." Thiam encountered a hostile environment marked by internal resistance and troubling incidents, including being detained at Zurich airport and his sons facing harassment on public transport. Despite these challenges, he remained resilient and left a significant impact on the banking sector.
17:00 19.11.2024

CPKC CEO to Speak at 2024 UBS Global Transportation Conference

CPKC CEO Keith Creel and COO Mark Redd will present at the 2024 UBS Global Industrials and Transportation Conference on December 3, 2024, at 8:50 a.m. ET. The event will be accessible via a live audio webcast, with a replay available afterward. Canadian Pacific Kansas City, headquartered in Calgary, is the only single-line transnational railway connecting Canada, the U.S., and Mexico, covering approximately 20,000 route miles and employing 20,000 railroaders.
17:00 19.11.2024
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