Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence last year after it ran an…

Former President Donald Trump wrote a social media post earlier in the week asking his supporters to give Anheuser-Busch a “second chance” after UFC president Dana White personally asked him to back the beer company, a source told CNBC.Anheuser-Busch last year suffered a major backlash over its Bud Light marketing…

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LONDON — L’Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.Shares in the stock had recovered slightly to trade down 7% by 8:20 a.m. London time.The world’s largest beauty brand…

China’s economy is sputtering.Its property market is crumbling, deflationary pressures are spreading across the nation, and its stock market has weathered a turbulent ride so far this year, with the country’s CSI 300 index erasing some 40% of its value from its 2021 peaks.Adding salt to the wound, January PMI…

Nokian Renkaat (OTCPK:NKRKF) manufactures tires with three segments – Passenger Car Tyres offering summer & winter tires for cars, Heavy Tyres offering tires for machinery for forestry, agricultural, and industrial purposes, and Vianor offering passenger tires. Since the spring of 2022, Nokian Renkaat has faced significant challenges due to the…

Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income, but launched a new 280 million euro ($302 million) share buyback program.The French lender posted a group net income of 430 million euros, slightly above a consensus analyst forecast of…

LONDON — Shares of Danish shipping giant Maersk slumped more than 14% in early trade Thursday after it flagged “high uncertainty” in its 2024 earnings outlook amid Red Sea disruptions and an oversupply of shipping vessels.The company also said that it would be suspending share buybacks on the back of…

Elevator Pitch I rate Lear Corporation (NYSE:LEA) as a Hold. My earlier article published on July 17, 2023, touched on Lear Corporation’s latest products offered by its Seating business, and LEA’s full-year FY 2023 financial prospects. I turn my attention to LEA’s most recent quarterly results release and the company’s…

BEIJING — Chinese stocks will likely climb by at least 10% in coming days as authorities signal concerted support efforts, said Marko Papic, partner and chief strategist at Clocktower Group.Papic pointed in particular to Bloomberg’s report Tuesday that Chinese President Xi Jinping was to receive a briefing from financial regulators…