From miners to musicians, Levi’s has outfitted generations for over 170 years. But what does it take to keep an American denim icon relevant in a global, fast moving and fashion forward world? In an exclusive interview with Levi Strauss & Co.’s CEO Michelle Gass, Managing Asia’s Christine Tan heads to Tokyo, a global hub for denim culture, to find out how the company’s first female CEO is making bold and difficult moves to transform Levi’s into the denim lifestyle brand.From miners to musicians, Levi’s has outfitted generations for over 170 years. But what does it take to keep an…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Eamon Javers reports on President Donald Trump speaking to reporters at the White House, saying he has a long meeting scheduled with Chinese President Xi Jinping during an upcoming trip to South Korea. Source link
CNBC’s Jim Cramer said Tuesday that investors often miss a key market truth: a company can deliver excellent results and still see its stock tumble not because it did anything wrong, but because expectations were simply too high.Several high-flying names were hit hard in the latest session, a sign, Cramer said, that markets may have gotten ahead of themselves after a strong run. He dismissed the standard Wall Street label of “profit-taking,” calling it inadequate to explain the disconnect between strong fundamentals and weak stock reactions.Cramer pointed to GE Vernova as an example. The energy company which plays a critical…
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesThere was a lot missing from Tesla’s third-quarter earnings call.CEO Elon Musk said nothing about demand for the company’s electric vehicles after a key federal tax credit expired last month. There was no mention of the Cybertruck or the impact of tariffs on auto parts. Investors got no sign for how the fourth quarter is shaping up. That all helps…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Emily Wilkins talks with Coinbase CEO Brian Armstrong about his experience meeting with senators on Capitol Hill and when pro-crypto legislation may be passed. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Wednesday and what’s on the radar for Thursday’s session. Tesla While you sleep, the team on “Worldwide Exchange” with Frank Holland will dig into Tesla ‘s numbers. The stock is down more than 3% Wednesday night after electric car maker posted quarterly results . Revenue grew 12%, its first year-over-year gain after two down quarters. Wedbush’s head of technology/media…
Tesla electric vehicles are parked at a Tesla service center on Aug. 2, 2025 in San Diego, California.Kevin Carter | Getty Images There are generally two ways for a company to increase its profit: increasing sales or cutting costs. Preferably both at the same time — because a rise in revenue might be overshadowed by spiking expenses.That’s what happened to Tesla in the third quarter. Revenue at Elon Musk’s electric vehicle company rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.The culprits? Lower vehicle prices, presumably in a…
Goldman Sachs is recommending investors consider buying puts on a basket of companies with weak fundamentals as a way to hedge against a potential market pullback. “We see rising investor interest in hedging near-term drawdown risks given equity markets are near all-time highs,” strategists wrote in a note to clients Wednesday. “While the options market prices based on trailing volatility, fundamentals gain a new importance in a broader sell-off,” they said. Goldman believes free cash flow remains the most critical indicator of downside resilience. To capitalize on this dynamic, Goldman identified a number of sell-rated stocks that have low- or…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses highlights from Tesla’s conference call following its third-quarter earnings report and what happened after CEO Elon Musk didn’t mention the expanded robotaxi fleet in his prepared remarks with Gene Munster, co-founder and managing partner at Deepwater Asset Management. Source link
Bank of Korea warned there’s a chance of increased volatility following more rate hikes from the Fed, following U.S. Federal Reserve Chair Jay Powell’s speech in Jackson Hole. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSouth Korea’s central bank kept its benchmark interest rate unchanged at 2.5% for the fourth consecutive meeting Thursday, as policymakers continued to flag household debt as a key risk.The decision was in line with expectations from economists polled by Reuters, and followed the introduction of tighter property measures in Seoul aimed at curbing borrowing.On Oct. 15, South Korean media reported that stricter…
