Honda Motor revised down its earnings forecast to a loss of 420 billion yen to 690 billion yen ($2.6 billion to $4.3 billion) in the financial year ending this month due to reassessment of its electrification strategy, the company said on Thursday. Source link
Adobe said CEO Shantanu Narayen will step down after a successor has been appointed, and he will remain as the design software company’s chair. Shares tumbled 7% in extended trading. Narayen joined Adobe in 1988 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses…
Russian supertanker Astro Lupus waits to unload its cargo of the first direct shipment of Russian crude oil on July 3, 2002 in the Gulf of Mexico. Pool | Afp | Getty Images The U.S. on Thursday temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets. U.S. Treasury Secretary Scott…
The price of oil soared more than 10% on Thursday as the International Energy Agency warned the U.S.-Israeli war on Iran was “creating the largest supply disruption in the history of the global oil market.” The price of international Brent crude oil rose 9%, to more than $100 per barrel, while U.S. crude oil climbed…
Ever since the US and Israel struck Iran, the jump in oil and gas prices has become a major focus for markets and consumers alike. But that’s only the top of a long list of goods that stand to get more expensive. With oil prices shooting up, the cost to transport physical goods around the…
The lawsuit is an indication of the complexities looming over a potential $166bn in tariff refunds. Source link
The perfumier sold the rights to her name in 1999 but has previously said she regretted the move. Source link
Ulta Beauty reported its fourth-quarter earnings Thursday. Jeff Greenberg | Universal Images Group | Getty Images Ulta Beauty reported earnings per share Thursday that missed expectations but revenue that topped what Wall Street was expecting. Shares of the company sank roughly 8% in extended trading. Here’s how the company performed for the fiscal fourth quarter…
Adobe (ADBE) CEO Shantanu Narayen is stepping down after 18 years in the role, the company announced on Thursday in conjunction with its first quarter earnings report. Adobe stock fell more than 7% on the news. Narayen will leave the post when a successor is found, but he will remain as chair of the board…
Patrick De Haan, GasBuddy’s head of petroleum analysis, says a rise in gas prices from a potential Iranian shutdown of the Strait of Hormuz ‘would not last long.’ Iran warned the United States Wednesday that oil prices could soar to $200 a barrel as escalating U.S. and Israeli strikes against the country continue to rattle…
