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☆ Bette Midler’s secret to a happy, 40-year marriage? Separate beds
▼ + stars: | 2024-07-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Bette Midler and her husband Martin von Haselberg will celebrate their 40th wedding anniversary on December 16. “Separate bedrooms,” she said after being asked what was the secret to their happy marriage. Midler reflected on her own wedding in Las Vegas after she had only known her husband for six weeks. What she did love was working with her adult daughter, Sophie, who also appears in the film. Midler said her daughter is “brilliant” and the love of her life.

Persons: Bette Midler, Martin von Haselberg, ” Midler, “, snores, Meghan Mullally, Sheryl Lee Ralph, Susan Sarandon, ”, Midler, Sophie Organizations: CNN, “ Entertainment Locations: Las Vegas

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ Treasury yields fall ahead of key economic data
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over five basis points to 4.2349%. The 2-year Treasury yield was last more than five basis points lower to 4.3585%. U.S. Treasury yields declined on Thursday as investors awaited key economic data points that could inform Federal Reserve monetary policy. Investors awaited key data as they considered the state of the U.S. economy and the outlook for interest rates. The data will provide more hints about the state of the economy and comes ahead of key inflation figures due Friday in form of the personal consumption expenditures price index.

Organizations: Treasury, U.S, PMI Locations: U.S

☆ World's largest luxury group LVMH slumps 5% after second-quarter revenue miss
▼ + stars: | 2024-07-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Shares in the world's largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. Quarterly sales came in at 20.98 billion euros ($22.7 billion) in the second quarter, compared to the 21.6 billion euros LSEG analysts were expecting. Sales in Asia, excluding Japan, fell 14% in the second quarter from the same period a year earlier, LVMH said. Across the first half of the year, sales in Asia excluding Japan dropped 10% compared to the first six months of 2023, while sales in Japan rose by 44%, LVMH said. By business groups, wine and sprits revenue fell 5% in the second quarter of 2024 from a year earlier, and the watches and jewellery division declined 4% over the same time.

Persons: LVMH Organizations: Louis Vuitton, Gucci, Quarterly Locations: Lisbon, Portugal, London, Asia, Japan

☆ European markets to open lower as investors weigh regional bank and U.S. tech earnings
▼ + stars: | 2024-07-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set to open lower on Wednesday as earnings season ramps up. The U.K.'s FTSE 100 was last expected to open 25 points lower at 8,137, while Germany's DAX was set to shed 76 points to 18,472 and France's CAC 40 was expected to open 54 points lower at 7,540. Italy's MIB index was set to to open 62 points lower at 34,799. Deutsche Bank , UniCredit, BNP Paribas and Banco Santander are among the European banks reporting earnings on Wednesday, alongside Easyjet , Iberdrola and Orange. On the data front, flash purchasing managers' index data is due to be released in the U.K. and the euro zone.

Persons: Germany's DAX, Easyjet Organizations: Citigroup Inc, State Street Corp, Barclays Plc, HSBC Holdings Plc, CAC, Deutsche Bank, BNP, Banco Santander Locations: Wharf, UniCredit, Iberdrola, Orange, Germany

☆ Germany's struggling construction sector is showing no signs of a recovery
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a "dismal situation," Carsten Brzeski, global head of macro research and chief economist for Germany at ING, told CNBC. The data shows that between January and May of this year, permits for single-family homes fell over 31%, and those for multi-family houses declined over 21% compared to the same time period last year. Felix Pakleppa, head of the Central Association of the German Construction Industry, noted the bleak outlook for the sector. "Building permits in Germany continue to only know one direction: downwards," he said, pointing to the data, which has not reflected growth since April 2022.

Persons: Carsten Brzeski, Felix Pakleppa, Housebuilding, Pakleppa Organizations: ING, CNBC, Central Association of, German Construction Industry Locations: Germany

☆ Treasury yields slip as investors weigh state of economy
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over one basis point to 4.2427%. The yield on the 2-year Treasury was last over one basis point lower to 4.5105%. U.S. Treasury yields were slightly lower on Tuesday as investors considered the outlook for the U.S. economy ahead of key data slated for the week. Investors awaited the latest economic data as they assessed the state of the U.S. economy and what this could mean for monetary policy decisions by the Federal Reserve. Markets are not expecting interest rates to be cut then but are anticipating clues about a timeline for monetary policy being loosened.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, Richmond Fed, Fed, Traders Locations: U.S

☆ Porsche shares fall 5% after automaker cuts 2024 outlook on aluminium alloy shortage
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook, saying various suppliers were affected by a shortage of special aluminium alloys. Holding company Porsche SE was last down over 3%. Porsche said that a series of its suppliers were impacted by a "significant supply shortage with regard to special aluminium alloys." The shortage is linked to flooding in a production facility of a key European aluminium supplier, Porsche explained. "Despite immediate countermeasures, it is becoming apparent that the impending supply shortage will lead to impairments in production," Porsche said.

Persons: Porsche Organizations: Volkswagen, Porsche, UBS Locations: Stuttgart, Swiss, Zrich, Switzerland, London

☆ 'Bridgerton' finally confirmed its season 4 lead — here's everything we know about the next season
▼ + stars: | 2024-07-23 | by ( Olivia Singh | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +10 min

AdvertisementBenedict's love story will be the focus of season 4Luke Thompson as Benedict Bridgerton on season three, episode one of "Bridgerton." The official logline for next season reads: "The fourth season of 'Bridgerton' turns its focus to bohemian second son Benedict (Luke Thompson). AdvertisementLuke Newton and Nicola Coughlan will reprise their roles as Colin and Penelope Bridgerton in season 4Luke Newton and Nicola Coughlan on season three of "Bridgerton." Ashley told reporter Josh Rom during a "Bridgerton" season three screening premiere on Wednesday that she will return for season four. 'Bridgerton' season 4 won't come out until 2026Martins Imhangbe as Will Mondrich and Luke Thompson as Benedict Bridgerton on season three, episode two of "Bridgerton."

Persons: —, Benedict Bridgerton's, Colin Bridgerton, Luke Newton, Penelope Featherington's, Nicola Coughlan, Polin, Benedict, Luke Thompson, Benedict Bridgerton, Liam Daniel, Thompson, Eloise Bridgerton, Claudia Jessie, Francesca Bridgerton, Hannah Dodd, John Stirling, Victor Alli, Michaela Stirling, Masali, she'd, Julia Quinn's, Sophie Beckett, Sophie, Araminta Gunningworth, Brownell, loath, Silver, Colin, Penelope Bridgerton, Netflix Coughlan, TheWrap, Newton, Jess Brownell, Whistledown, he's, Simone Ashley, Kate, Jonathan Bailey, Anthony, Anthony Bridgerton, Ashley, Bailey, Josh Rom, Kate Sharma, Cressida Cowper Jessica Madsen, Cressida Cowper, Jessica Madsen, Lady Whistledown, Penelope, Cressida, Cowper, we've, Martins Imhangbe, Will Mondrich, room's, We've, Adjoa Andoh, " Brownell, It's, there's Organizations: Service, Netflix, Business, coy, Entertainment, Teen Vogue, Hollywood Reporter, Los Angeles Times, Danbury, LA Times Locations: Scotland, India, Kanthony, Wales

☆ 10-year Treasury yield falls as investors look to key data in week ahead
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over three basis points to 4.2077%. The 2-year Treasury yield was last less than one basis point lower to 4.5043%. U.S. Treasury yields were lower on Monday as investors awaited key economic data slated for the week and markets considered the latest U.S. political developments. Investors looked ahead to key data due this week that is set to provide fresh hints about the state of the economy and could inform the Federal Reserve's decision-making when it comes to monetary policy. According to CME Group's FedWatch tool, traders were last pricing in an around 96% chance of a September rate cut.

Persons: Joe Biden, Kamala Harris Organizations: Treasury, U.S, Federal, White, Democratic

☆ Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit. It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said Monday. However, Ryanair Group CEO Michael O'Leary said in a statement that fares were expected to be lower than expected over the next three months. Other European airlines followed Ryanair lower on Monday, with fellow low-cost airline EasyJet shedding over 6%, while Jet2 fell 4% and Hungarian airline Wizz Air slid over 6%.

Persons: — Ryanair's, Michael O'Leary, O'Leary, Jet2 Organizations: Ryanair, Wizz Air Locations: London

☆ Israel strikes Yemen for the first time following deadly Houthi drone attack. Here’s what we know
▼ + stars: | 2024-07-21 | by ( Sophie Tanno | ) edition.cnn.com time to read: +8 min

CNN —For the first time, Israel has struck inside Yemen, following a deadly drone attack launched by Houthi rebels on Tel Aviv. Soon after the Israeli attack, the Houthis said they launched a fresh barrage of missiles towards Israel, promising a response that will be “huge and great.”Here’s what we know. The US and UK have responded to those attacks by carrying out strikes on Houthi targets in Yemen. A tipping point for Israel appears to have come on Friday, when a drone attack was launched on Tel Aviv, killing one Israeli citizen and injuring several others. Oded Balilty/APThe attack marked the first time Tel Aviv, Israel’s commercial center, has been struck by a drone in an attack claimed by the Houthis.

Persons: ”, Allah, Hussein, Mohammed Hamoud, Israel, Yahya Sare’e, ” Sare’e, Houthi, Oded, Daniel Hagari, Samad, Masirah, Mohammed Abdulsalam, Yehya Saree, Osamah, Benjamin Netanyahu, Netanyahu, ” Netanyahu, “ It’s, ” Charles Lister, Yoav Gallant, Yoel Organizations: CNN, Houthi, Red, US, US Central Command, Tel, Israel Defense Forces, Israel, Israel’s, Middle East Institute, Israel’s Defense, Hezbollah, AP, for National Security Studies, National Security Council Locations: Israel, Yemen, Tel Aviv, Red, Gaza, Iranian, Iran, Islam, Saudi Arabia, Sana'a, Israel’s, Hodeidah, Yemen’s, Lebanon, Lebanese

☆ Israeli airstrikes target Yemen’s Houthis day after deadly drone attack in Tel Aviv
▼ + stars: | 2024-07-20 | by ( Thom Poole | Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —Israeli airstrikes targeted Houthi rebels in Yemen a day after the Iran-backed group claimed a deadly attack on the Israeli city of Tel Aviv. The statement came soon after the Houthi-run Al Masirah TV reported airstrikes targeting oil facilities in the western port of Hodeidah, adding that there had been deaths and injuries. According to Houthi spokesperson Mohammed Abdulsalam, the Israeli strikes hit oil tanks and a power station. The strikes on Hodeidah came a day after drone attack in Tel Aviv killed one man and injured at least 10 others. In May, at least 16 people were killed and a further 35 wounded by US-UK airstrikes in Hodeidah targeting Houthi rebels.

Persons: Al Hudaydah, Masirah, Mohammed Abdulsalam, Abdulsalam, Hodeidah Organizations: CNN, Israel Defence Forces, ”, US, Houthi Locations: Yemen, Iran, Tel Aviv, Port, Israel, Hodeidah, Gaza

CNN —A verdict is expected in the coming hours in the espionage case of the Wall Street Journal reporter Evan Gershkovich, with Russian prosecutors seeking an 18-year prison sentence in what his employer and the US government have dismissed as a sham trial. The court in Yekaterinburg will announce the verdict on Friday at 5 p.m. local time (8 a.m. Earlier Friday, the court heard closing arguments and Gershkovich delivered his closing remarks behind closed doors. The state prosecution service has requested 18 years in prison for Gershkovich, according to state news agency TASS, citing the court. Gershkovich, the US government and the WSJ have vehemently denied the charges against him.

Persons: Evan Gershkovich, Gershkovich Organizations: CNN, Wall Street, CIA, WSJ Locations: Yekaterinburg, Sverdlovsk, Gershkovich, American

☆ European markets open lower as investors digest ECB decision
▼ + stars: | 2024-07-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets opened lower on Friday as investors considered the latest ECB interest rate decision. All sectors were lower, with travel and leisure stocks tumbling 2.66%, and mining stocks declining 1.93%. European markets have retreated throughout the week with the Stoxx 600 closing lower for the last four consecutive days. The picture was similar across the world, with Asia-Pacific markets declining on Friday as they followed Wall Street lower. U.S. markets closed lower on Thursday, with the Dow Jones Industrial Average snapping a six-day winning streak.

Organizations: Bank of England, LONDON, Dow Jones, European Central Bank, ECB Locations: City of London, London, United Kingdom, Asia, Pacific, U.S

☆ Treasury yields rise as investors weigh rate outlook
▼ + stars: | 2024-07-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over one basis point to 4.2000%. The 2-year Treasury yield was last less than one basis point higher to 4.4706%. U.S. Treasury yields were higher on Friday as investors considered the path ahead for interest rates after the latest comments from Federal Reserve officials. Investors digested remarks from Fed policymakers made throughout the week as they weighed the potential path ahead for interest rates. Fed Chairman Jerome Powell also this week said that rate cuts would begin before inflation reaches the 2% target.

Persons: Mary Daly, we're, Daly, Christopher Waller, Jerome Powell Organizations: Treasury, U.S, Federal Reserve, San Francisco Fed, Fed

☆ Just Stop Oil: UK court sentences climate activists to prison for 4-5 years over highway protest
▼ + stars: | 2024-07-18 | by ( Sharon Braithwaite | Sophie Tanno | ) edition.cnn.com time to read: +4 min

CNN —Five activists of the Just Stop Oil environmental campaign have been handed prison sentences for their involvement in organizing protests that blocked a major London highway in 2022, PA media reported, sparking a wave of criticism from climate advocates. Hallam was sentenced to five years’ imprisonment while the remaining four defendants were each handed four years in prison each. ‘Obscene perversion of justice’The sentences have drawn criticism from environmental agencies and scientists. The judge’s characterisation of climate breakdown as a matter of opinion and belief is completely nonsensical and demonstrates extraordinary ignorance. The judge’s characterisation of climate breakdown as a matter of opinion and belief is completely nonsensical and demonstrates extraordinary ignorance.

Persons: Roger Hallam, Daniel Shaw, Louise Lancaster, Lucia Whittaker De Abreu, Cressida Gethin, Christopher Hehir, Hallam, “, ”, Jocelyn Ledward KC, Bill McGuire, Amy Cameron, Sir David King Organizations: CNN —, Prosecutors, Metropolitan Police, University College London, Greenpeace UK’s, Geophysical Locations: London

☆ Germany to slash military aid budget in blow to Ukraine
▼ + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Around 5.4 billion euros had been allocated to the fund in 2023, the budget outline shows. In recent years, large amounts of this section of the German budget has been allocated to support Ukraine following Russia's attack of the country. It also noted that Germany would continue to support Ukraine for as long as needed, in collaboration with its allies. The government had planned to re-allocate unused emergency debt, which was taken on during the Covid-19 pandemic, to its future spending plans. The German parliament will debate the draft budget when it returns from its summer break in September before it is finalized later in the year.

Persons: Christian Lindner, Donald Trump's, Sen, JD Vance, Olaf Scholz Organizations: Ukraine, CNBC, Reuters, Trump, Trump's, Military, NATO Locations: Germany, Ukraine, Russia

☆ European markets set to open higher ahead of ECB rate decision
▼ + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The U.K.'s FTSE 100 was last seen up 40 points at 8,231, Germany's DAX 15 points higher at 18,464 and France's CAC up 7 points at 7,590. LONDON — European markets were headed for a higher open on Thursday as investors awaited the European Central Bank's interest rate decision. Asia-Pacific markets tumbled on the news from the chip sector overnight, with Japan's Nikkei 225 declining more than 2%. Back in Europe, the European Central Bank is expected to announce its latest interest rate decision Thursday. Markets are widely expecting the central bank to leave rates unchanged, but investors are hoping for guidance on the path ahead for monetary policy.

Persons: Boris Roessler, Germany's DAX Organizations: Getty, CAC, MIB, LONDON, Tech, Japan's Nikkei, Nasdaq, European Central Bank, Novartis, Volvo, Ubisoft, Nokia Locations: Hesse, Frankfurt, U.S, Asia, Pacific, Europe

☆ Volvo Cars jumps 7% after reporting a record core operating profit
▼ + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter. Core operating profit for the quarter came in at 8.2 billion Swedish kronor ($776 million), 28% higher than in the same quarter a year earlier, the company said in a statement. Volvo Cars' revenue dipped slightly in the second quarter, coming in at 101.5 billion Swedish kronor from 102.2 billion Swedish kronor over the same period of last year. In the first quarter of 2024, Volvo Cars had reported a 2% year-on-year decline in revenue. First-quarter operating profit had come in at 6.8 billion Swedish kronor, while retail car sales amounted to 182,687.

Persons: Jim Rowan Organizations: Volvo, Global, U.S, Volvo Cars Locations: Shanghai, China, London

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks closed lower Wednesday, continuing negative sentiment seen in the previous two trading sessions as technology stocks plummeted. The regional Stoxx 600 index provisionally closed 0.43% lower, with most major bourses in the region falling and sectors trading mixed. European tech stocks plunged 4.4%, mirroring a sell-off seen across the Atlantic, where the Nasdaq Composite retreated 2% in early deals. U.S. stocks were broadly lower as investors continued to rotate out of megacap tech stocks into the broader market.

Organizations: LONDON, Nasdaq Locations: Paris, France, U.S

☆ Zigong, China: Fire at shopping mall kills 16 people
▼ + stars: | 2024-07-17 | by ( Sophie Tanno | Shawn Deng | ) edition.cnn.com time to read: +1 min

CNN —Sixteen people were killed after a fire broke out at a shopping mall in southwest China on Wednesday, according to Chinese state media. Dramatic images showed a huge column of black smoke billowing from the 14-story building in the city of Zigong, Sichuan province. Rescuers work at the site of the fire in China's Zigong city on July 17, 2024. Such incidents are not uncommon in China, where enforcement of safety standards is often lax. In January, a fire at a mixed-use building in southeast China killed at least 39 people just days after another blaze at a boarding school in central Henan province killed 13 children.

Organizations: CNN, CCTV, Visual China, China’s Ministry of Emergency Management Locations: China, Zigong, Sichuan province, China's Zigong, Henan

☆ Adidas shares rise after hiking 2024 guidance
▼ + stars: | 2024-07-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in Adidas were slightly higher on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas rose nearly 5% after markets opened on Wednesday before paring gains to around 2% by the market close. Adidas said its revenues rose 11% in the second quarter, compared to the previous year. Excluding sales of the struggling Yeezy line in both year, currency-neutral revenue rose 16% in the quarter, Adidas noted. The company had already hiked its 2024 outlook once this year after releasing its first-quarter results, which also beat expectations.

Persons: Ye Organizations: Adidas Locations: German, €

☆ IMF upgrades UK growth forecast in another boost to new Labour government
▼ + stars: | 2024-07-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country's new government. Looking ahead, the Washington, D.C.-based IMF reiterated its forecast for 1.5% U.K. growth in 2025 in the July update of its World Economic Outlook. Investment bank Goldman Sachs earlier this month nudged its 2025 forecast for the U.K. economy 0.1 percentage point higher, to 1.6%. Other economies given a 2024 growth upgrade by the IMF on Tuesday included the euro zone, which it lifted by 0.1 percentage point to 0.9%, Spain, up 0.5 percentage point to 2.4%, and China, up 0.4 percentage point to 5%. It lowered its forecast for the U.S. economy by 0.1 percentage point to 2.6%.

Persons: Taylor, Goldman Sachs, Keir Starmer, Goldman, — CNBC's Sophie Kiderlin, Vicky McKeever Organizations: Nine, Monetary Fund, D.C, Investment, Labour, European Union . Deutsche Bank, Friday, Deutsche Bank, Jefferies, Bank of England, Reuters, IMF Locations: Ruskin Park, London, England, Washington, brightening, Spain, China, U.S, Asia

☆ Treasury yields fall as investors digest Powell comments
▼ + stars: | 2024-07-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over three basis points to 4.1983%. The 2-year Treasury yield was last more than one basis point lower to 4.4404%. U.S. Treasury yields were lower on Tuesday as investors weighed comments from Federal Reserve Chairman Jerome Powell on the outlook for the economy and interest rates. On Monday, Powell said the central bank will not wait until inflation has reached its 2% target rate before cutting interest rates. Powell, however, said the Fed is still looking for "greater confidence" that inflation will return to 2%.

Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, Traders

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