CEO Financial News

(Reuters) — Starbucks (NASDAQ:SBUX) is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday.

By Jasper Ward

Insurance Co. Ltd on Thursday marked its India entry by agreeing to buy a majority stake in Kotak Mahindra General Insurance in the single-largest investment by a global strategic insurer in an Indian non-life insurer. The Swiss insurer will buy new and existing shares of the Indian insurer from its parent Kotak Mahindra Bank for ₹4,051 crore, a joint statement said.

Jamie Dimon said Texas risks undermining its business-friendly reputation with laws designed to punish Wall Street banks for policies that limit work with the gun and fossil fuel industries.

Customers fell for Starbucks’ fall menu in its fiscal fourth quarter, helping the company achieve record revenue with Pumpkin Spice Lattes and apple croissants

Airbnb says it made nearly $4.4 billion in the third quarter on better-than-expected revenue and a tax benefit

The reduction of is part of a broader corporate review, the company says.

Cedar Fair and Six Flags are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

The National Retail Federation, the nation’s largest retail trade group, expect shoppers will spend more this year than last year, but their pace will slow given all the economic uncertainty

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement, a move that comes just two days after the trade group was dealt a punishing judgement in federal court over its rules on real estate agent...

While various types of technology continue to be a resource for advisors, many advisors say asset management websites are not one of them.

Marathon Digital, a BTC mining company, has launched a pilot mining initiative in Utah, leveraging methane gas produced from landfill waste to generate the power needed for their mining operations.

AJIO on Thursday launched a D2C-focused interactive e-commerce platform AJIOGRAM as it aims to “empower Indian fashion startups that are challenging the norms with their vision and innovative products". The Reliance Retail’s fashion e-tailer said it aims to onboard 200 exclusive homegrown D2C brands by next year to offer customers a wide range of options from streetwear to fast, artisanal, minimalistic, quiet luxury, slow and sustainable fashion.

Small ticket borrowers are slowly starting to miss their repayments and seen to be delaying repayments beyond a month of the scheduled date. For consumers having at least one small-ticket personal loan, the balance-level delinquency rate or the percentage of borrowers missing a repayment was 5.4% in Q2’ 2003-24, up 120 bps (basis points) since Q2 2022-23 a report by credit bureau Transunion Cibil notes. During Q2’ 2023, overall balance-level serious delinquencies (measured as 90 days or more past due) improved across product categories, except for credit cards and personal loans according to the report. But delinquencies on small-ticket personal loans have a marginal impact on the overall retail loan portfolio, which looks at the outstanding balances of all retail products including home loans, auto loans, credit cards, personal loans, and others. Small-ticket personal loans of less than Rs 50,000 account for 0.3% of the total retail loan book size at an industry level. Even though delinquencies on small-ticket personal loans have a marginal impact on the personal loan portfolio, these need to be monitored closely, especially because consumers may prioritize other payment obligations ahead of personal loan payments, which in turn may be a wider indicator of financial stress, the credit bureau report said. The credit industry landscape has changed significantly over the last four years.

Understanding the human capital aspect of corporate assets is increasingly relevant from an investment perspective, according to the report.

(Reuters) -Liquefied natural gas (LNG) exporter Cheniere Energy (NYSE:LNG) reported a third-quarter profit on Thursday that beat analysts' estimates even as the company grappled with lower natural gas prices and export volumes.

Dr Lal PathLabs on Thursday reported a 53% year-on-year (YoY) jump in net profit to Rs 111 crore in the second quarter ended September 30, 2023, led by improved volumes and measured price increases of diagnostic tests. Dr Lal PathLabs reported a Rs 72 crore net profit during the corresponding period of the previous year. Revenues rose 12.6% to Rs 601 crore in Q2FY24, compared to Rs 534 crore in Q2FY23. Earnings before interest, tax, depreciation, ammortisation (EBITDA) rose 23.6% YoY to Rs 178 crore. The EBITDA margins improved 270 basis points YoY to 29.6%. As on March 31, 2023 the company has 277 clinical laboratories, 5,102 Patient Service Centers (PSCs) and 10,938 Pick-up Points (PUPs). “We are seeing a healthy and steady rise in DLPL’s revenue growth trends both in value and volume terms.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The Coinbase-backed advocacy group Stand With Crypto has raised $2 million in a couple of months, with over 80,000 donors contributing to the initiative’s goal of influencing policymakers and being a “one stop shop” for crypto advocacy.

Berger Paints India on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs. Consolidated net profit rose nearly 33% year-on-year at ₹292 crore ($35.1 million) for the quarter ending Sept.