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Adyen reported a big miss on first-half sales Thursday. Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying its merchant mix. The company, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros ($535.5 million), up 21% year-on-year on a constant currency basis. Payments firms saw a boost from an increase in online shopping during the height of the Covid-19 pandemic. But in recent years, companies such as Adyen have faced pressure from lower consumer spending.
Persons: Adyen Organizations: North Locations: U.S, Canada, Europe, East, Africa, North America
China's luxury slump is spreading to more consumer brands. Companies like Starbucks, Estée Lauder, and Nike have reported falling sales in the region. It's hitting Western brands particularly hard, as reflected by companies across the consumer sector reporting muted sales in China in the most recent quarter. Consumer spending in China never fully recovered after the government started lifting COVID-19 curbs in late 2022. AdvertisementAdidas managed to buck the trend, reporting sales up 9% in Greater China in the third quarter.
Persons: Estée Lauder, , China's, MingYii Lai, Brian Niccol, L'Oréal, Lynn Song Organizations: Companies, Starbucks, Nike, Service, Burberry, Daxue Consulting, InBev, Carlsberg, Apple, Adidas, Heineken, Greater China, ING Locations: China, Beijing, Greater China, Greater
“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”
Persons: Donald Trump, , , Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine
Matt Wurnig is the creator of the online series 50 Dates 50 States. Wurnig, 28, has been on a date in every state at least twice. He told BI his favorite date spots around the country include hot air ballooning in New Mexico. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Wurnig is the creator of the online series 50 Dates 50 States, which, yes, is exactly what it sounds like.
Persons: Matt Wurnig, , Wurnig, Melissa Hobley Organizations: Service, Pew Research Center, Bismarck Larks, YouTube Locations: New Mexico, Los Angeles , New York, Miami, Dallas, North Dakota, Montana
After graduating from college, Dalia Goldberg found a job working in marketing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A freelancer had written the article using the knowledge they'd gained from living in Spain and running a travel blog. While I worked with freelance writers every day as part of my job, I had no idea what it was like to actually be one. AdvertisementIf you're planning a move abroad or a big life change, there are going to be moments when you want to quit.
Persons: Dalia Goldberg, , I'd, I've, Canada I'd, It's, it's, you'll Organizations: Service Locations: Berlin, Spain, Canada, Málaga, Germany, Europe, Greece, Istanbul, Budapest, Bucharest
We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.
Persons: Trump, , Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine
CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the helm of the troubled retail drugstore chain. CVS will provide commentary on what it expects "directionally" during its earnings call, the spokesperson said. "Establishing credibility and earning the trust of our investors is one of my top priorities as the new leader of CVS Health," Joyner said in a statement. CVS expects those premium deficiency reserves "to be substantially released" during the fourth quarter, which will benefit results in that period.
Persons: David Joyner's, Joyner, " Joyner, Steve Nelson, Nelson, Prem Shah, Karen Lynch Organizations: CVS Health, CNBC, CVS, Aetna, UnitedHealth, LSEG
Hong Kong CNN —As the election results roll in and America holds its breath, Chinese state media hasn’t missed the chance to accentuate US political polarization – and play up the threat of post-vote turmoil in its democratic superpower rival. “US Election Day voting begins amid fears of violence, unrest,” declared a headline in nationalist tabloid Global Times. “The US election, once considered a highlight of the so-called ‘beacon of democracy,’ may now become the starting gun of ‘social unrest,’” the state-run Beijing Daily claimed in a commentary on social media. Nicolas Economou/NurPhoto/Getty ImagesOn Chinese social media, the US election featured high among the trending topics throughout Tuesday and Wednesday. “(It) doesn’t matter who it is (that wins),” one social media user wrote in a popular comment on Weibo.
Persons: hasn’t, Xi Jinping, , , Nicolas Economou, Li Shuo, Kamala Harris, Donald Trump, Trump’s, Joe Biden, Biden Organizations: Hong Kong CNN, America, Global Times, White House, Capitol, Beijing Daily, , CNN, Huawei, Biden Locations: Hong Kong, Beijing, United States, China, Washington, Washington , DC, Weibo, Taiwan
Chanel stages dreamy resort collection in Hong Kong
  + stars: | 2024-11-06 | by ( Stephy Chung | ) edition.cnn.com   time to read: +3 min
The fashion house staged its two runway shows — one in the afternoon, and one at night — at the Hong Kong Design Institute (HKDI). Anthony Kwan/Getty ImagesDesigned by the brand’s artistic director Virginie Viard, before her departure in June, the collection featured dozens of looks. Anthony Kwan/Getty ImagesThe runway was spread across two floors of the Hong Kong Design Institute. But the label’s decision to restage the presentation in Hong Kong signals the brand’s continued efforts to court Asian clientele amid a wider luxury market slowdown. Anthony Kwan/Getty ImagesBack in June, Viard announced she was exiting Chanel after serving as its artistic director of fashion collections for five years.
Persons: Hong Kong CNN — Chanel, , Penélope Cruz, Chow Yun, Angela Yuen, Chanel, Anthony Kwan, Virginie Viard, Yuen, Benjamin Voisin, Billy H.C, Kwok, Louis Vuitton, Viard, Karl Lagerfeld’s Organizations: Hong Kong CNN, Hong Kong, Hong Kong Design Institute, Reuters, Chanel Locations: Hong Kong, Hong, French, Marseilles, France, China
Transactional, personality-based and erratic, the Trump doctrine made for a chaotic four years that left both foreign leaders and seasoned American national security aides exhausted and jittery. World leaders are open to all options, including making trips to New York or Trump’s Mar-a-Lago estate in Florida, sources said. Foreign leaders are relying on their experience with Trump during his first presidency, when flattery and personal attention paid dividends, as they approach him following his win. And that, in the end, could sum up Trump’s foreign policy doctrine in a sentence. The first clues about Trump’s policy will be the appointments he makes to senior national security positions.”CNN’s Alayna Treene contributed reporting.
Persons: Donald Trump, Trump, Trump’s, he’s, Joe Biden, , Benjamin Netanyahu, Emmanuel Macron, Macron, , Prince Mohammed bin Salman, Jamal Khashoggi, Mark Rutte, he’d, Shinzo Abe, Angela Merkel, Vladimir Putin —, , Dmitry Peskov, “ Let’s, Kim Jong Un, Xi Jinping, Xi, Putin, It’s, Mike Pompeo, Keith Kellogg, Mike Pence, Richard Grenell, Brian Hook, John Herbst, United States — Putin, ” Herbst, Alayna Treene Organizations: CNN, Trump, American, NATO, Israeli, Saudi, CIA, Biden, State Department, Republican Party, Council’s Eurasia Center Locations: Paris, Jerusalem, Riyadh, Washington, Florida, , Ukraine, North Korea, Iran, China, masse, Russia, New York, Lago, Trump, Taiwan, Beijing, Trump’s, Germany, , United States, Europe
Experts have been weighing in on why Donald Trump won the US election. AdvertisementThere's been an avalanche of analysis following Donald Trump's victory in the US presidential election on Wednesday, as experts sought to explain how the former president won a second term. They've offered a variety of reasons, ranging from a populist revolt against the elites to Vice President Kamala Harris' shortcomings as the Democratic candidate. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy post from late October titled "24 reasons that Trump won." AdvertisementNate Silver offered up 24 reasons why Donald Trump won.
Persons: Donald Trump, , There's, Donald Trump's, They've, Kamala Harris, Steve Hanke, Johns Hopkins University Hanke, Ronald Reagan, Reagan, Steve Hanke Nate Cohn, Trump, Tina Fordham, Nate Silver, FiveThirtyEight, Harris, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Eric Corellessa, Musk Organizations: Service, Democratic, Johns Hopkins University, The New York Times, Silver, Trump, America, AP Locations: Washington, New York City, San Francisco, Israel, California
Two stocks have outperformed the S & P 500 every November when elections have been held over the past three decades — regardless of the outcome, according to a CNBC Pro study. Electrical and industrials giant Eaton Corporation and Sweden's second-largest lender, Svenska Handelsbanken , are the two stocks that beat the U.S. benchmark in November every election year. CNBC Pro screened for stocks currently in the MSCI World Index that gained more than the S & P 500 — or lost less than the index — in November of every election year since 1988. Every time is different Historical performance is never a guarantee of future performance, and stocks often move for idiosyncratic reasons. This year, for instance, the Federal Reserve is expected to announce a decision on interest rates on Thursday, which could also influence the trajectory of stocks.
Persons: Brett Linzey, Mizuho, Eaton, Arctic's Roy Tilley, Henry Allen, Pfizer's, Barack Obama, Allen Organizations: CNBC, Eaton Corporation, Svenska, CNBC Pro, Eaton Corp, Mizuho, Svenska Handelsbanken, Arctic Securities, Federal Reserve, Deutsche Locations: U.S, Industrials, Sweden, Greece, Europe
She's relieved to have gone from a 6X to a 1X — but worried about excess skin and her body image. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A sign on the wall at the weight management clinic inspires me every time I go for my body composite exam. The main reason I lost that initial weight was dental work. I often feel like I haven't lost much weight at all.
Persons: Betsy Smith, She's, , It's, I've, I'd, Smith, Toby, Steph, I'm Organizations: Service, Business Locations: Billings , Montana
Dubbed La Dolce Vita, the new Orient Express trains will start operating in Spring 2025. Travel agent Julia Carter, founder of the luxury travel agency Craft Travel, said unique experiences are higher on the priority list of wealthy vacationers than ever. Itineraries on La Dolce Vita Orient Express start at $3,800 for a one-night stay. Courtesy of Orient Express ItalyUnlike cruise travel, luxury train travel is also more exclusive, another top priority among wealthy travelers. "People want the luxury of space and privacy," Craft, the luxury travel agent, said.
Persons: Vita, , Amrita Banta, Julia Carter, Carter, Georges Nagelmackers, Agatha Christie, Dame Judi Dench, Kenneth Branagh, Buyenlarge, Samy Ghachem, La Dolce, COVID, let's, Ghachem, it's Organizations: Orient Express, Service, Research, Strategy, McKinsey & Company, Craft Travel, Orient, The Orient Express, Dolce Vita, Dolce Vita Orient Locations: Italy, China, Singapore, Thailand, Japan, Belgian, Paris, Istanbul, Sicily, Asia, Africa, Orient Express Italy
Overview of plasma donationDonating plasma isn't the same thing as donating blood. How to earn money donating plasmaPlasma donation compensationDonating plasma can be a relatively low-effort side hustle. Using plasma donation money toward savings goalsAfter buying the phone, we put the money toward saving for a car. My husband and I finally bought a car, and it was a huge relief to have an extra $1,000 for the down payment thanks to donating plasma. Donating plasma FAQsHow much can I make from donating plasma?
Persons: , Laura Grace Tarpley, Penny Hoarder, Read Organizations: Finance, National, Real, Business Insider
Some health experts said elevating Kennedy, even in an informal Trump administration position, could potentially lead to severe consequences for patients, drugmakers and the nation's public health overall. That could exacerbate the nation's existing public health challenges, such as declining childhood vaccination rates for several preventable diseases, some experts say. "I think we could reasonably predict that there would be a decline in vaccination rates among children, and perhaps vaccination overall." Drugmakers such as Pfizer and Moderna are still recovering from falling Covid vaccination rates in the U.S., which have dented their profits over the last two years. Kennedy's other proposals for overhauling federal health agencies will likely be difficult to execute.
Persons: Donald Trump, Robert F, Kennedy Jr, Anna Moneymaker, Kennedy, Trump, Dr, Paul Offit, Drew Altman, Altman, Genevieve Kanter, Cynthia Blancas, Deep Patel, Christina House, they've, Offit, Andrew Kelly, USC's Kanter, that's, Georges Benjamin, Covid, Kanter Organizations: Gas, Getty, White House, Trump, Children's Hospital of Philadelphia, CNBC, and Drug Administration, Centers for Disease Control, Commonwealth Fund, Senate, Washington Post, University of Southern, CVS, Los Angeles Times, CDC, Pfizer, Moderna, NBC, Health Defense, FDA, Department of Health, Human Services, U.S . Food, Drug Administration, Reuters, American Public Health Association, Pharma Locations: Duluth , Georgia, U.S, University of Southern California, Lynwood, Huntington Park, Samoa, White Oak , Maryland
Research shows that ordering food for delivery has gotten expensive, yet demand remains high. But demand for food delivery has remained high — as has its price. Last week, food delivery company DoorDash, reported an 18% rise in orders year over year in its third quarter of 2024. A food delivery driver previously told BI that he decides to accept or pass on a variety of deliveries often based on the highest upfront tips. But despite lockdowns coming to an end and the country gradually opening back up, people grew accustomed to the trend of ordering food.
Persons: , There's, Mills, Doug Martin, Uber, Anthony Miyazaki, Miyazaki, Alon Chen, Oliver Wright, Wright, Chris Olivola, It's, Olivola Organizations: Service, Business, Revenue, Florida International University, Starbucks, McDonald's, KFC, Accenture, Tepper School of Business Locations: Doordash, Olive
Regardless of who wins Tuesday’s election, a key fixture of America’s political landscape for nearly a decade is set to disappear: the Trump rally. “It’s coming to an end,” Trump said in a phone interview with NBC News on Sunday. For his millions of supporters, Trump rallies have been a gathering place with thousands of other like-minded Americans. Torabi is best known for his popular Twitter account, where his clips of Trump rallies frequently go viral. “So tomorrow I’m doing three rallies and on Monday I’m going to do four rallies in one day,” Trump said.
Persons: Trump, Donald Trump, Anna Moneymaker, ” Trump, , “ There’s, Kamala Harris, Lee Greenwood’s, Jabin, I’m, , “ I’ve, he’s, Robin Cole, , hasn’t, ” Trudy Delling, Andrew Caballero, Reynolds, It’s, that’s, Trump’s, We’ve, Acyn, Torabi, he’ll, outshine, Republican Party won’t, , ” Eric Trump, Julia Demaree Nikhinson, it’s, marveled, we’re Organizations: White House, Trump, State College ,, NBC News, White, Central Wisconsin Convention, Washington, Getty, NBC, Republican Party, Republican, Convention, AFP, North Locations: Grand Rapids , Michigan, State College , Pa, Rothschild, Wis, Greensboro, N.C, Pennsylvania, Virginia, Milwaukee, North Carolina, Warren, Mich, Macon , Georgia, Greensboro , North Carolina, Rocky Mount
He recently told the Wall Street Journal editorial board that Chinese President Xi Jinping respects him but also knows he’s “crazy” and wouldn’t provoke him. But Chinese officials might also see potential for Musk to be a mitigating influence on issues such as tariffs. Like other American business leaders, Musk has met with senior Chinese officials as Beijing courts international companies. AP fileIf Chinese officials receive Musk almost like a world leader, the Chinese public treats him like a rock star. Chinese officials have not been shy about making the connection between what Musk says and where he makes his money.
Persons: Donald Trump, Elon Musk, Jia Qingguo, Trump, ” Jia, Xi Jinping, he’s, ” Trump, Joe Biden’s, , they’re, , Kelly Grieco, Musk, Li Qiang, Qin Gang, ” Grieco, Jennifer Lian, Henry Kissinger, Ian Bremmer, Tesla, Kuan, “ He’s, ” Tesla, Li Keqiang, Li, ” Musk, Grieco, didn’t, Xi, Qin, Hsiao, Kamala Harris, Janis Mackey Frayer, Jennifer Jett Organizations: SHANGHAI, Trump, Peking University, NBC News, Wall Street, Stimson, Qin, Weibo, Communist Party ., Eurasia Group, SpaceX, Shanghai Gigafactory, Getty, U.S, Shanghai, NBC, Global Times, Financial Times, Beijing, Washington, U.S ., Democratic Locations: China, Beijing, Musk, Washington, U.S, United States, York, Shanghai, Chinese, Jiangsu, Xinjiang, Taiwan, Hong Kong, Starlink, Ukraine, Russian, British, European
Some luxury travel agencies and tour operators say they've seen an uptick in travelers booking luxury safaris. She's not alone — as of late, a growing number of travelers have been itching to go on a luxurious African safari, too. Micato SafarisLuxury tour operator Abercrombie and Kent's African safaris have always been among its best-selling vacations, the company told BI in an email. AdvertisementSome luxury travel agencies are noticing it, tooLuxury travel agency Indagare told BI in an email that safari bookings are "trending upward. AdvertisementWith such prices, some travelers might consider luxury safaris a once-in-a-lifetime experience.
Persons: , Sophie Serrano, Serrano, " Serrano, She's, Abercrombie, buffalos —, Dennis Pinto, Safaris, Micato, Pinto, Richard Waite, Oprah, Ellen DeGeneres, — Singita, Singita, Melissa Krueger, Indagare, Scott Dunn, Julie Durso, Jackie Roth, Sophie Serrano Misty Belles, Take Serrano, Isabella John Organizations: Service, Micato's, Scott Dunn Private, Nomad, Kruger Locations: Zanzibar, Africa, Kenya, Tanzania, Rwanda, Tanzania's, Botswana, South, Umlani's
But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.
Persons: , I'd, I'm, I've, Little, it's Organizations: Service, Citadel
That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.
Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, , Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States
CNN —The tumultuous 2024 election is ending with a contrast that encapsulates America’s fateful choice on election eve. The vice president also proposes reforms to improve the lives of working Americans — but hers are less revolutionary than Trump’s. If she loses Pennsylvania, Harris would need a combination of other swing states, including Georgia, Nevada and Arizona, where poll averages also show no clear leader. But the findings, which suggested a shift toward Harris from the previous Iowa Poll in September, also showed the vice president with a strong advantage among women. If such a pattern is repeated nationwide, the vice president could be headed to victory if she can limit her deficit to Trump among White males especially.
Persons: Donald Trump, Kamala Harris, Harris, He’ll, Lady Gaga, Oprah Winfrey, Trump, shouldn’t, , , Joe Biden’s, Roe, Wade, Biden, He’s, She’s, , ” David Plouffe, Mediacom, “ We’ve, we’ve Organizations: CNN, Trump, , Michigan, White House, , Republican, Democratic Party, Trump -, Democratic, Capitol, Justice Department, GOP, Republican Party, CNN’s, Keystone State, Pennsylvania —, Democrats, Des Moines Register, Poll, Iowa, New York Times, Siena College Locations: America, North Carolina, Pennsylvania, Michigan, Philadelphia, Detroit, battlegrounds, Michigan , Wisconsin, Georgia, North Carolina , Nevada, Arizona, , Washington, autocrats, Russia, China, Keystone, Nevada, Siena
But she realized her job wasn't making her happy and became a "quiet quitter." AdvertisementThis as-told-to essay is based on a transcribed conversation with Heather Doran, a 43-year-old in Mississippi, about "quiet quitting" at work. Roughly three years into the role, I started "quiet quitting." But "quiet quitting" is about going back to just doing the job we were hired to do, which isn't lazy. AdvertisementDo you have a "quiet quitting" story you want to share with Business Insider?
Persons: Heather Doran, she'd, , We're, We'll, I'd Organizations: Service, Business Locations: Mississippi, South Carolina, I've
Holger Schmieding, chief economist at Berenberg, noted that the three coalition partners have been acting "as if they were preparing to campaign against each other soon." Separately, the Green party's Robert Habeck, who is Germany's economy minister, proposed a policy plan to stimulate business investment that was criticized by the FDP. The Lindner paperAnother escalation took place on Friday, when Finance Minister Christian Lindner published a paper about reviving the struggling German economy. "The paper reads like a serious attempt to analyze Germany's problems and propose solutions. A hotly contested budgetA recent key issue within the coalition has been Germany's budget for 2025 — a topic that also features heavily in Lindner's paper.
Persons: Christian Lindner, Robert Habeck, Olaf Scholz, Sean Gallup, Chancellor Olaf Scholz's, Carsten Brzeski, Holger Schmieding, Scholz, Lindner, Greg Fuzesi, Morgan, Fuzesi, Berenberg's Schmieding Organizations: Climate, Bundestag, Getty, Chancellor Olaf Scholz's Social Democratic Party, SPD, Greens, Free Democratic Party, ING, FDP, Green, ZDF Locations: Berlin, Germany
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