Williams-Sonoma is outperforming the furnishings industry due to its ability to grow profitability despite a weak housing backdrop.
Williams-Sonoma's stock has soared in a sluggish housing market. Here's how it won over Wall Street
Source: CNBC
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CNBC
How war, security and coalition math are shaping the Israeli election
Israeli voters will head to the polls to cast their votes in a general election on Tuesday.
CNBC
Neocloud stocks fall as Elon Musk says more than 200 of them face 'guppy-level death'
Investors are already questioning the debt-fueled expansion of neoclouds and whether the large AI infrastructure build-out will generate long-term returns.
The Guardian
AI cloud computing firms face ‘guppy-level death’, Elon Musk warns; French bonds rally after avoiding downgrade – business live
Rolling coverage of the latest economic and financial news Business sentiment in Germany has improved, as hopes build that its economic stagnation may be ending. Economic research institute Ifo’s Business Climate Index has risen to 90.2 points in October, up from 89.9 points in September. This was due to more optimistic expectations. Companies, however, assessed their current situation as slightly worse. The economic recovery is continuing. Continue reading...
The Guardian2 outlets
Drive reindustrialisation from No 10 North or risk failure, MPs tell Burnham
Ninety-plus Labour MPs warn civil service lacks skills to drive growth where it is needed and plan should be steered by Louis Haigh from Manchester Business live – latest updates Andy Burnham’s pledge to reindustrialise Britain is doomed to fail unless it is driven decisively from his new No 10 North outpost in Manchester, a group of more than 90 backbench Labour MPs is warning. The PM has suggested that rebuilding the UK’s industrial capacity will be central to meeting his pledge to bring “good growth in every postcode” . Continue reading...
CNBC2 outlets
Brazil's Lula wins historic presidential election; Bolsonaro reportedly refuses to concede
Leftist president Luiz Inácio Lula da Silva defeated the far-right senator and was elected president of Brazil for a fourth non-consecutive term Full report: Lula wins fourth term as Brazil’s president over Flávio Bolsonaro Live second round results The local electoral court ordered the immediate restoration of 100% of the bus fleet and ordered the arrest of the municipal transport secretary, Pablo Souza, on suspicion of an electoral offence and disobeying court orders. The arrest warrant could not be carried out, however, because he is in Paris on what the city government described as an “official mission”, and is not expected to return to Brazil until Monday. Late in the afternoon, Flávio Bolsonaro also filed requests for voting to be extended by two hours in cities in the states of São Paulo, Paraná and Santa Catarina, but because of heavy rain that he said had prevented voters from t
The Guardian
How will pedestrianisation of UK’s most famous shopping street work in practice?
A stretch of London’s Oxford Street is to be vehicle-free as part of £150m government-backed scheme Much of Britain’s most famous shopping street will be closed to traffic from Monday as the long-awaited pedestrianisation of London’s Oxford Street begins. About half of the 1.2 mile street will initially be vehicle-free, after decades of planning and dispute over how to best use the street, an important transport thoroughfare and the home for flagship stores for big shopping chains. Continue reading...