In 2023, New Zealand had its strongest board representation with more than 40% female CEOs, according to MSCI.Shannon Fagan | Photo Bank | Getty ImagesNew Zealand is paving the way for women's participation in executive roles, as well as compensation, at a time when the rest of the world suffers from poor female representation in leadership positions.Female CEOs in New Zealand earn an average salary of $5.9 million, more than double their male counterparts, whose average salary is $2.6 million.The Pacific nation has the strongest representation on boards with more than 40% female CEOs, according to the latest MSCI report.This…
Author: ricardofrancois
Porsche MissionArjun Kharpal | CNBCPorsche It warned on Tuesday that profitability would decline this year as it launches new models amid difficult economic conditions, but raised its profits against the backdrop of higher operating profits for 2023.The German luxury car maker said it expects an operating return on sales of between 15% and 17% in 2024, down from the 18% margin it achieved in 2023 and 2022. In the long term, the group targets an operating return on sales of more than 20%.Explaining the more cautious profitability outlook, the company cited “the comprehensive renewal of its product portfolio in 2024,…
Washington – US consumer prices rose last month, a sign that inflation remains an ongoing challenge for the Federal Reserve and President Biden's re-election campaign, both of which are counting on a continued easing of price pressures this year.The Labor Department said Tuesday that prices rose 0.4% from January to February, higher than the previous month's figure of 0.3%. Compared with the previous year, consumer prices rose 3.2% last month, faster than January's annual pace of 3.1%.Excluding volatile food and energy prices, “core” prices also rose 0.4% from January to February, which is consistent with the previous month's increase and…
People shop at the Macy's store in Herald Square on January 19, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesConsumer spending rebounded in February after falling in January, with a little help from Leap Day. But sales still posted good gains even after correcting for that extra spending day.The CNBC/NRF Retail Index, derived from actual credit card spending data from Affinity Solutions, rose 1.06% in February, excluding auto and gas. It rose 0.95% at checkout as well, the Retail Observatory's primary measure.Removing the effect of leap day, sales rose 0.4%, or less than…
Inflation rose again in February, keeping the Fed on track to wait until at least the summer before starting to cut interest rates.The Labor Department's Bureau of Labor Statistics reported Tuesday that the Consumer Price Index, a broad measure of the costs of goods and services, rose 0.4% over the month and 3.2% from a year ago. The monthly increase was in line with expectations, but the annual rate was slightly higher than the Dow Jones forecast of 3.1%.Excluding volatile food and energy prices, the core CPI rose 0.4% month-on-month and 3.8% year-on-year. Both were a tenth of a percentage…
Stay informed with free updatesSimply subscribe to Equities myFT Digest – delivered straight to your inbox.Growing optimism about the global economy and improving corporate profits are pushing stock markets to record levels, prompting analysts to forecast further gains in what some are calling a “risk reset.”Wall Street's S&P 500, the technology-dominated Nasdaq Composite, Japan's Nikkei 225, Germany's DAX and France's CAC 40, among other indices, hit all-time highs in recent weeks, amid hopes that central banks have succeeded in taming inflation without slowing down. . Stimulate contraction.Goldman Sachs and UBS updated their year-end forecasts for the S&P 500 this year,…
Check out which companies are making headlines in pre-market trading. Oracle – IT stock rose 13.3% on the back of strong earnings per share. Oracle reported adjusted earnings per share of $1.41, beating the $1.38 consensus estimate of analysts surveyed by LSEG. In Holdings – Shares fell more than 14% after the shoe maker reported quarterly results that disappointed investors. In the fourth quarter, On Holding reported a loss of 0.05 Swiss francs, below EPS expectations of 0.10 Swiss francs, according to a StreetAccount consensus estimate. Revenues of 447.1 million Swiss francs beat consensus estimates of 450.9 million Swiss francs.…
At the end of Henry IV, Part 2, the wayward Prince Hal ascends to the throne and openly rejects his hard-drinking friend Falstaff. “Don't assume that I am what I was,” the new king says to his former friend. Hal has learned a lot from his chats with Falstaff, but assuming power of the state means he must rid himself of his wild ways and misfit friends.This literary theme is repeated in modern life. Any person or company thrives on the wave of rebellion and chaos, but when the time comes to publicly show responsibility, that past must be shed…
Evan Kim isn't sure what she wants to do when she grows up. Maybe you want to become a primary school teacher. Or maybe an Olympic long-distance runner.It is running on run commandThe 5-foot-6 sixth-grader placed second among all girls and women at the Ventura Marathon in February when she ran 26.2 miles in 2 hours and 58 minutes, averaging just under 7 minutes per mile. Her goal this year is to run the fastest marathon on record for a 12-year-old girl of either gender – and she's just four minutes away. Her coach (aka her father, who goes by…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Tech startups have reduced stock packages for new employees as they weather a long recession, according to new data from San Francisco-based software company Carta.The figures showed that people who go to work at startups receive 37 per cent less shares in their companies on average than they did 18 months ago. Average salaries have barely changed over that period, contracting 0.2 per cent since November 2022, according to Carta, which mines information from 43,000 early-stage US tech groups that use its…