Image source: Getty Images The Burberry (LSE: BRBY) share price has nosedived 75% in just a year and a half. Adding salt to investors’ wounds, the dividend’s been suspended and the stock’s been relegated to the mid-cap FTSE 250. But after a decline that feels longer than one of the brand’s iconic trench coats, could the bottom finally be in sight? And might a big recovery even be on the cards? Here are my thoughts. Brand elevation When I was younger, some items (mainly plaid scarves and caps) weren’t necessarily associated with the affluent shoppers Burberry wanted. I remember seeing…
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Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley topped analysts’ estimates for third quarter profit as its wealth management, trading and investment banking operations generated more revenue than expected. Here’s what the company reported:Earnings:$1.88 a share vs $1.58 LSEG estimateRevenue: $15.38 billion vs. $14.41 billion estimateThe bank said profit rose 32% to $3.2 billion, or $1.88 per share, and revenue jumped 16% to $15.38 billion. Morgan Stanley had several tailwinds in its favor. The bank’s massive wealth management business was helped…
Investing.com — Huawei outpaced Apple (NASDAQ:)’s iPhone in terms of shipments in China during August, according to a note from Bernstein on Wednesday. The firm said total smartphone shipments in China rose 10% year-over-year, with Huawei leading the growth, posting a 54% increase. Apple’s shipments, however, reportedly remained flat, with sequential declines attributed to consumers waiting for the release of new iPhone models in September, said Bernstein. While Huawei’s impressive growth came off a low base, Bernstein noted that the brand’s “sequential momentum has been flattish lately.” The firm stated that non-Huawei Android devices also experienced modest growth of 6% in…
Charles Schwab’s survey indicates that crypto is evolving from a fringe asset class to a portfolio staple. Cryptocurrency has long been regarded as a speculative asset class with an uncertain future, often viewed with skepticism by traditional investors. However, as the industry evolves and more data emerges, it’s becoming increasingly clear that the tides are changing, and crypto isn’t going anywhere anytime soon. No longer just fringe assets discussed in niche circles, cryptocurrencies are becoming a cornerstone of modern portfolios. But don’t just take my word for it. Financial giant Charles Schwab recently released findings from a survey that shed…
Scientists say preserving the Amazon rainforest is vital to combating global warming.Amazon.com Inc and a group of companies agreed last month in New York to buy carbon credits in a deal valued at $180 million through the LEAF Coalition conservation initiative, which it helped set up in 2021 with other firms and governments, including the United States and United Kingdom.At the time, Para Governor Helder Barbalho said the deal had the participation of Indigenous peoples and other traditional communities. But last week, 38 Indigenous and community organizations signed a public letter saying they had not been consulted properly.”The transaction with…
Image source: Rolls-Royce plc There once was a share price called Rolls-Royce (LSE:RR.),Whose performance made shareholders rejoice.It didn’t stop rising,Which to some was surprising,But now it’s many investors’ top choice. Despite a forward price-to-earnings (P/E) ratio of 29.And a valuation multiple similar to fine wine.People are still buying,And continue defying,The critics who say it’s going to decline. It’s taken a while — and after a long period of reflection —I regretted not adding the stock to my collection.So a few weeks ago,Using some of my dough,It became the target of my affection. As a proud owner of my shiny new…
The Association of Investment Companies (AIC) survey finds that investor interest in ESG has fallen for the third consecutive year Source link
Greetings Agents of Impact! 👋 Zoom into today’s Call: Preserving home ownership and affordability. Ownership models that walk the fine line between preserving … Source link
Rocky Mountain Chocolate Factory (RMCF) reported a net loss of $0.7 million in Fiscal Q2 2025, an improvement from the $1 million loss in the same period last year. The company’s total revenue slightly decreased to $6.4 million from $6.6 million in the previous year.Key Takeaways:• Total revenue: $6.4 million • Net loss: $0.7 million • Product sales: $4.9 million • Franchise fees: $1.5 million (flat) • New store opening planned in Edmond, Oklahoma • Rebranding process over 90% completeCompany Outlook • Plans to open three additional locations • Recognized in the Franchise 400 for 2024 • Implementing new ERP…
We’ve all read about forests destroyed by wildfires in Australia and California, illegal logging and deforestation in Indonesia to make space for palm plantations, the Amazon rainforest turning into a savanna. But what about the bigger picture? Should we worry, or can we live in a world with less forest cover? The answer from the experts is a resounding no. Why? We need the forests we have on this planet precisely the way they are (or even better than they are now) since, among other things, they happen to underpin one of the most popular strategies to combat climate change:…