H&M made more profit than expected for the whole year.
It earned 17.3 billion Swedish krona ($1.57 billion) in 2024, slightly above the 17.2 billion forecast.
However, sales in the fourth quarter were lower than expected.
Fourth-quarter profit was 4.6 billion Swedish krona, higher than the 4.2 billion predicted.
TRUMP CONFIRMS 25% TARIFFS ON MEXICO, CANADA US President Donald Trump announced 25% tariffs on US imports from Mexico and Canada. The tariffs are set to take effect on February 1. Trump will decide on the tariffs for oil imports from Mexico and Canada later today.
Shell, a big oil company, made less profit in 2024 because crude oil prices were lower. Its profit for the whole year was $23.72 billion, down from $28.25 billion in 2023. Experts thought Shell would make $24.71 billion, but it made less than expected. In the last
WTI HOLDS ABOVE $72.50 AMID TARIFF CONCERNS WTI price trades around $72.85 in early Asian session on Friday. US President Trump threatens to impose 25% tariffs on Canadian and Mexican goods, potentially affecting oil imports. The tariff decision is set to take effect on Saturday, but oil imports
Inflation in Spain increased in January. It reached 3%, up from 2.8% in December. This is the highest level in 7 months. Experts expected 2.9%, but the actual increase was higher. The data was released by Spain’s National Institute of Statistics.