Kit Rees

  • A queue of shoppers wait outside the Swatch Group AG watch store on Oxford Street in London, UK, on Tuesday, Aug. 16, 2022. The Office for National Statistics are due to release the latest UK CPI Inflation data on Wednesday. Photographer: Jose Sarmento Matos/Bloomberg via Getty ImagesFinance

    Short sellers circle Swatch with analysts most bearish in years

    By Kit Rees and Bloomberg
  • Former U.S. President Donald Trump speaking at a rally.Politics

    Trump’s favorite word is a big talking point for European CEOs

    By Michael Msika, Julien Ponthus, and others
  • Donald TrumpPolitics

    Trump’s favorite word is a big talking point for European CEOs

    By Michael Msika, Julien Ponthus, and others
  • People passing the Louis Vuitton store on Bond Street which has seen a recent drop in demand for luxury goods and with some stores deciding to move out on 4th February 2024 in London, United Kingdom. Bond Street is one of the principal streets in the West End shopping district and is very upmarket and has been a fashionable shopping street since the 18th century. The rich and wealthy shop here mostly for high end fashion and jewellery. (photo by Mike Kemp/In Pictures via Getty Images)Finance

    Trouble lies ahead for European luxury brands and car makers as China’s slowdown hurts profits, share prices, valuations and jobs

    By Kit Rees, Verena Sepp, and others
  • Rishi Sunak, UK prime minister, at Naval Base Point Loma in San Diego, California, USPolitics

    U.K. commits over $690 million to strengthen nuclear deterrent against the Russian threat, whilst also creating over 8000 jobs backed by BAE Systems and Rolls Royce

    By Kit Rees and Bloomberg
  • Tim Cook, chief executive officer of Apple Inc., during an event with senior officials and chief executive officers in the East Room of the White House in Washington, DC, US, on Thursday, June 22, 2023. The meeting is expected to cover innovation, investment and manufacturing in technology sectors including artificial intelligence, semiconductors, and space, according to the White House. Photographer: Chris Kleponis/CNP/Bloomberg via Getty ImagesTech

    Apple loses an astonishing $160 billion in market value in one day as analysts say the company is stuck in a ‘slowdown phase’

    By Kit Rees and Ryan Vlastelica
  • LOS ANGELES, CALIFORNIA – MAY 4: A Pacific Western Bank sign is seen on May 4, 2023 in Los Angeles, California. Pacific Western Bank’s stock plunged Thursday in the wake of other bank failures. Following an unusual outflow of deposits this week, PacWest Bancorp says it plans to sell a $2.7 billion loan portfolio. (Photo by David McNew/Getty Images)Finance

    Shares in beleaguered PacWest soar up to 96% as regional bank stocks comes roaring back to life and investors try catching ‘a falling knife’

    By Kit Rees, Rick Green, and others
  • GRUENHEIDE, GERMANY – SEPTEMBER 03: Tesla head Elon Musk talks to the press as he arrives to to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. Musk is currently in Germany where he met with vaccine maker CureVac on Tuesday, with which Tesla has a cooperation to build devices for producing RNA vaccines, as well as German Economy Minister Peter Altmaier yesterday.Tech

    Is Tesla’s stock finally a buy after plunging 50% this year? Analysts increasingly say yes

    By Kit Rees and Bloomberg
  • Customers look at the iPhone 13 Pro at an Apple store at a shopping mall the day before Black Friday in Toronto, Ontario, Canada, on November 25, 2021. Across Canada the new iPhone 13 Pro has been almost impossible to purchase in stores due to global supply chain issues coupled with high demand and a global microchip shortage. Many consumers who purchased the new iPhone 13 Pro or iPhone 13 Pro Max online have been waiting 2-3 months for back-ordered iPhones to be delivered to Apple before they can be shipped to consumers. Other electronic and mobile stores have all been sold out including big chains like Best Buy, who have been telling customers that back-ordered iPhones have an estimated delivery date of 1-2 months before they reach stores. Apple said on Thursday it lost the equivalent of $6 billion USD in sales due to chip shortages. The semiconductor shortage has led to calls for more chip production within the U.S. as part of shoring up supply chains for key technology across sectors including autos. (Photo by Creative Touch Imaging Ltd./NurPhoto)Tech

    Apple shares fall 4.2% as demand for the iPhone 13 is down

    By Kit Rees and Bloomberg
  • SnowflakeTech

    Snowflake drops amid warnings of a ‘violent selloff’

    By Kit Rees and Bloomberg