The Toronto Express container ship, operated by Hapag-Lloyd AG at the Port of Hamburg in Hamburg, Germany, on Wednesday, Dec. 20, 2023. Maria Feck | Bloomberg | Getty Images Rolf Habben Jansen, CEO of Hapag-Lloyd, the world’s fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. Conversations … Read more
HelloFresh shares plunged 42% on Friday in their worst-ever session to date, after the recipe box delivery company disappointed with its 2024 earnings outlook. Analysts at UBS said that while they had flagged risks around HelloFresh’s guidance, its outlook, released after the market close on Thursday, was “far worse” than anticipated. Disappointing growth and adjusted … Read more
Mannequins display men’s suits inside a Hugo Boss showroom. Bloomberg | Bloomberg | Getty Images Shares of Hugo Boss plunged 13% Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day since 2016, after it … Read more
LONDON — Leading British economic think tanks warned Thursday that whoever wins the general election expected this year will face some very tough choices on tax and spending if they want to make sure the public finances don’t deteriorate further. After number-crunching Wednesday’s budget statement from Treasury chief Jeremy Hunt, which reduced a tax paid … Read more
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images DUBAI, United Arab Emirates — The head of the International Monetary Fund warned the Russian economy is still facing significant head winds despite receiving a … Read more
TEGUCIGALPA, Honduras — For years, Juan Carlos Bonilla, better known as “El Tigre,” was a feared figure in Honduras. His roots were in the military and he brought that bearing to the National Police that he ultimately led. But Bonilla’s tenure was plagued by allegations of human rights violations, including running death squad s and … Read more
Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares slumped 12% on Friday and headed for their steepest drop since July 2020, after the chipmaker issued a forecast for the current quarter that came in far short of analysts’ estimates. In its earnings report … Read more
Comedian and screenwriter Zarna Garg is blasting ABC’s ‘The Bachelor’ in her latest stand-up act for giving off unrealistic expectations for relationships. As you know, ‘The Bachelor’ is an ABC reality show where several women compete to win over a man’s heart. Joey Graziadei has been named the next ‘Bachelor’ lead and his season will … Read more
Backing up your emails, no matter what provider you use, is important because access to your digital collection of messages is less permanent than you might initially think. There are multiple points of failure to consider—what happens if something in the cloud breaks, or your connection to the internet does? What if your account gets … Read more
U.S. Treasury yields were mixed on Wednesday, as investors considered the outlook for monetary policy and financial markets for the coming year. At 3:56 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.8667%. The 2-year Treasury yield was almost flat, last trading at 4.2891%. Yields and prices … Read more