Hermes Weathers Sector Slowdown as Sales Surge

Hermes said it is moving into 2024 with confidence after the Birkin bag maker reported a surge in fourth-quarter sales despite a slowdown in the overall luxury sector. 


 
L'Oreal's Sales, Profit Miss Expectations on Stagnating Chinese Beauty Market

Revenue in North Asia slumped 5.8% but the company said it is confident it would outperform the market this year. 


 
Ubisoft Surges After Confirming Guidance

Ubisoft shares jumped after the French videogame maker said net bookings for the current quarter should be up sharply, leading to what it said would be record sales for the fiscal year. 


 
Rio Tinto, BHP, BlueScope to Partner on Low-Carbon Steel From Iron Ore

Iron-ore miners Rio Tinto and BHP Group will join with BlueScope Steel to consider the development of Australia's first electric-smelting furnace pilot plant to make low-carbon steel from iron ore. 


 
Sam Altman Seeks Trillions of Dollars to Reshape Business of Chips and AI

The OpenAI chief executive is pursuing investors including the U.A.E. for a project possibly requiring as much as $7 trillion. 


 
Why Toyota Stock Is Beating GM and Ford, and Why That Might Change

Is it because of differing EV strategies or something more benign? 


 
Expedia spooks investors with CEO change

Expedia Group Inc. shares fell 13% in the extended session Thursday, as investors appeared nervous about a CEO change and looked past a quarterly beat for the online travel company. 


 
Genesis Wins Dispute With Gemini Over Ownership of Grayscale Bitcoin Trust Shares

A judge ruled that Genesis owns 31.2 million shares of the fund that are now worth more than $1.2 billion. 


 
It's Not Just Meta. Where to Find Juicy Tech Stock Dividends.

Big Tech stocks like Apple and, more recently, Meta Platforms have introduced payouts. While the yields may be small, they are growing and offer a sector that income investors may want to explore. 


 
Pharmacy Chains Are in a World of Hurt. Blame Shrinking Drug Reimbursements.

Chains like Walgreens and CVS have pivoted from endless expansion to closing stores to boost profits.


(END) Dow Jones Newswires

02-09-24 0515ET