Adidas says CEO Rorsted to give up his post in 2023

Kasper Rorsted, CEO, Adidas Adam Galica | CNBC German sporting goods maker Adidas unexpectedly said on Monday that its Chief Executive Kasper Rorsted would leave his post next year, before his contract is due to run out, and that it had started searching for a successor. “After three challenging years that were marked by the … Read more

Retailers still opening stores despite recession fears

The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation that’s squeezing shoppers’ budgets. Simon Property Group, the country’s largest mall owner, said the pipeline of businesses slated to open up at its properties remains … Read more

Best Buy cuts sales forecast as inflation pressures shoppers

Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Wednesday cut its forecast for its fiscal year and second quarter, saying it has seen weaker demand for consumer electronics amid inflation. The consumer electronics retailer said it now expects same-store sales to … Read more

Uber, Lyft and more: Goldman says buy these stocks to cash in on a $ 25 trillion opportunity – CNBC

Uber, Lyft and more: Goldman says buy these stocks to cash in on a $ 25 trillion opportunityCNBC

Uber, Lyft and more: Goldman says buy these stocks to cash in on a $ 25 trillion opportunity

Goldman Sachs has picked a slew of buy-rated stocks that it says are currently available "underappreciated" by the market.

Open to close after Wall Street sell-off

LONDON – European markets are expected to pull back slightly on Friday, tracking global bail after Wall Street posted its worst day since 2020. Britain’s FTSE 100 is seen around 20 points to 7,483, Germany’s DAX is set to slide at around 57 points to 13,846 and France’s CAC 40 is expected to shed around … Read more

Damian Lillard wants to stay with Blazers, co-founds insole company

Damian Lillard # 0 of the Portland Trail Blazers speaks to fans during fan appreciation night before the game against the Utah Jazz at Moda Center on April 10, 2022 in Portland, Oregon. Abbie Parr | Getty Images Portland Trail Blazers star Damian Lillard said he wants to stay with the franchise that drafted him … Read more

Here are Wall Street’s top global stocks to play rising stagflation risks

Goldman Sachs’ analysts have named a number of "stagflation winners" they think will outperform.

European stocks rally as Ukraine’s president cools to NATO membership

European stocks rallied at the start of trade on Wednesday, buoyed by an interview from Ukraine’s president in which he appeared to make major concessions. The Stoxx Europe 600 SXXP, + 3.29% rose 2.2% to 424.28, helped by a rally in the beleaguered banking sector. Gainers included BNP Paribas BNP, + 8.52%, Adidas ADS, + … Read more