business
Hilton’s Profit, Revenue Rise Despite Lower Occupancy
Hilton Worldwide logged higher profit and revenue in the third quarter, despite flagging that occupancy has declined. Source link
Auto & Transport Roundup: Market Talk
Find insight on Bapcor, General Motors, Getlink and more in the latest Market Talks covering Auto and Transport. Source link
Stitch Fix’s Growth Plan: More Quality Customers, Not Just More Shoppers
The fashion company is focused on getting meaningful users rather than growth for growth’s sake. Source link
L’Oreal Shares Fall After Sales Miss Expectations
The cosmetics company reported $11.98 billion in third-quarter sales, which underwhelmed expectations. Source link
Heineken Cuts Beer Volume Guidance on Weak Consumer Sentiment
The brewer forecast a decline in full-year beer volumes and tempered its earnings expectations after trade uncertainty and weak consumer confidence hurt demand in the U.S and other markets. Source link
Steel Producer SSAB Says Direct Tariff Impact Has Been Limited So Far
Local production accounts for most of its sales on the U.S. market, however some products, mainly high-strength steel for the automotive industry, are exported. Source link
Birkin Bag Maker Hermes’s Sales Accelerate as Hopes of Luxury Rebound Mount
The acceleration in sales at Hermes follows Louis Vuitton owner LVMH last week posting improved sales growth. Source link
Pop Mart Sales Top Market Expectation, Signals Sustained Momentum
Pop Mart reported stronger-than-expected third-quarter results, signaling sustained sales momentum which belied its shares’ recent weakness. Source link
David Zaslav’s Future Hangs in Balance as Warner Goes Up for Sale
The Warner Bros. Discovery CEO is in the fight of his professional life to stop the company from being swallowed by Paramount, the rival entertainment giant controlled by David Ellison. Source link
Surrogacy Is a Multibillion-Dollar Business. Sometimes the Money Goes Missing.
The growing industry has little regulation and many cases of financial abuse, including escrow funds taken to pay gambling debts or to buy bitcoin. Source link