Balint Porneczi/Bloomberg | Getty ImagesLONDON — L'Oreal shares fell more than 7% Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.The world's largest beauty brand on Thursday reported fourth-quarter sales below estimates, rising 2.8% to 10.6 billion euros ($11.4...
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Temu returns to Super Bowl ad slate as lawmaker ire swells
Jakub Porzycki | Nurphoto | Getty ImagesTemu, 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...
Top Wall Street analysts are upbeat about these 3 dividend stocks
Investors seeking a steady stream of income in these uncertain times can consider adding some attractive dividend stocks to their portfolios.The selection of the right dividend stock involves a thorough analysis of the fundamentals of a company and its ability to sustain its dividend payments. Bearing that in mind, investors...
Societe Generale posts sharp profit drop as net banking income slides
A logo outside a Societe Generale SA bank branch in Paris, France.Bloomberg | Bloomberg | Getty ImagesSociete 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...
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
D3sign | Moment | Getty ImagesCredit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported Tuesday.Debt that has transitioned into "serious delinquency," or 90 days or more past due, increased across multiple categories during the year, but...