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Gucci Owner Kering Sees 14% Slump in Stock Price After Profit Warning Owing to Asia Sales Decline
Kering issued an unexpected profit warning due to plummeting Gucci sales in Asia, lowering its stock price by 14%.
Biden Administration Awards Intel Nearly $20 Billion to Boost Domestic Semiconductor Chip Output
The Biden administration's $20 billion grant to Intel aims to strengthen the semiconductor chip output in the U.S. and reduce dependency on foreign chip production, particularly from China and Taiwan.
UK Inflation Rate Drops to 3.4% in February — Its Lowest Level Since September 2021
UK's inflation rate fell to 3.4% in February, its lowest level since September 2021. UK's inflation rate was lower than expected at 3. 4% year-on-year in February, down from 4% in January and its lowest level since September 2021, official data showed Wednesday.
Donald Trump Sues ABC News, George Stephanopoulos for Defamation Over Rape Claims
Donald Trump has sued ABC News and George Stephanopoulos after the host made rape claims against the former president during an interview.