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12/09/2023

Qualcomm to supply Apple with 5G chips until 2026 under new deal

12/09/2023

UK wage growth points to another rate hike but jobless rate rises

11/09/2023

According to data from the China Passenger Car Association (CPCA) released on Friday, car sales saw a 2.2% increase in August compared to the same month the previous year, reaching a total of 1.94 million units, marking the first year-on-year growth since May.

11/09/2023

Deep discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment, allowing China's passenger vehicle sales to return to growth this past month, even as economic growth remains weak

10/09/2023

The Boeing 777-200 bound for Honolulu after takeoff from Denver showered debris over nearby cities, but no one was injured and the plane safely returned to the airport.

10/09/2023

The National Transportation Safety Board said on Friday the February 2021 engine failure on a United Airlines Boeing (NYSE:BA) 777 in Colorado was due to a crack in a fan blade and cited inadequate inspections as a contributing cause.

09/09/2023

RH's second-quarter net revenue fell 19% to $800 million while net income slumped 37% to $76.5 million as furniture sales declined due to weaker demand for luxury items.

RH's stock fell more than 15% to $312.95, its biggest daily drop since March 2020.

"We continue to expect the luxury housing market and broader economy to remain challenging throughout fiscal 2023 and into next year as mortgage rates continue to trend at 20-year highs and the current outlook is for rates to remain unchanged until the second quarter of 2024," RH Chairman and CEO Gary Friedman said in a letter to shareholders.

Multiple analysts, including from Citigroup (NYSE:C), UBS and Wedbush, slashed their price targets for RH's shares following the report. JPMorgan and Jefferies analysts, however, raised their price targets.

09/09/2023

Shares of U.S. home furniture retailer RH (NYSE:RH) dropped more than 15% on Friday after the company warned that slower quarterly sales would result in disappointing revenue

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