Wealth Growth Daily

Updated

Campbell Soup expects annual profit below estimates on higher costs

BY Reuters  • August 29, 2024August 29, 2024
By Aatrayee Chatterjee (Reuters) – Campbell Soup Co forecast annual profit below Wall Street expectations on Thursday due to higher raw material costs and the impact from its recently sold popco[...]
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Best Buy lifts annual profit forecast as cost controls pay off

BY Reuters  • August 29, 2024August 29, 2024
By Juveria Tabassum (Reuters) -Best Buy raised its annual profit forecast on Thursday, as tighter controls on costs help the electronics retailer more than offset the impact from steeper discounts and[...]
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Birkenstock misses quarterly profit estimates as expansion plan hits margins

BY Reuters  • August 29, 2024August 29, 2024
By Ananya Mariam Rajesh (Reuters) -Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins,[...]
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Huawei sees first-half earnings surge on smartphone renaissance

BY Reuters  • August 29, 2024August 29, 2024
By David Kirton SHENZHEN, China (Reuters) – Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car compon[...]
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Shares of European spirits makers jump as China drops provisional brandy measures

BY Reuters  • August 29, 2024August 29, 2024
By Alessandro Parodi and Ozan Ergenay (Reuters) -Shares in French spirits makers Remy Cointreau and Pernod Ricard rallied on Thursday after China’s commerce ministry said it will not immediately[...]
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Google considering large data centre in Vietnam, source says, in nation’s first by US big tech

BY Reuters  • August 29, 2024August 29, 2024
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Alphabet’s Google is considering building a large data centre in Vietnam, a person briefed on the plans said, in what would be the first[...]
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Hauntingly high demand for Halloween spookiness at US theme parks

BY Reuters  • August 29, 2024August 29, 2024
By Danielle Broadway LOS ANGELES (Reuters) – Halloween has arrived earlier than ever at major U.S. theme parks, as major operators like Disney, Six Flags and Universal Studios seek to expand the[...]
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EU new car sales flat in July as battery-electric slumps, industry body ACEA says

BY Reuters  • August 29, 2024August 29, 2024
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lo[...]
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Factbox-China’s probes on EU products following EV tariffs

BY Reuters  • August 29, 2024August 29, 2024
By Nigel Hunt and Mei Mei Chu BEIJING/LONDON (Reuters) -China has opened an anti-subsidy probe into imported dairy products from the European Union, stepping up tension with the bloc a day after Bruss[...]
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