Unilever Plc’s Indian unit reported a 5.5% drop in net income for the first quarter, missing analyst estimates. Behind the decline was sluggish rural demand combined with high net-worth urban consumers pivoting to other brands. Similar trends can be seen elsewhere, with Chilean retailer Cencosud SA, restaurant chain operator Yum China Holdings Inc. and Swiss-South African jeweler Compagnie Financiere Richemont SA all delivering weaker-than-expected results.
Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks
The Dow Jones, S&P 500, and Nasdaq posted record highs, driven by strong Netflix earnings and gains in tech stocks. Netflix surged 11.1%, boosting the
October 19, 2024