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Shares of Coach parent Tapestry spike 20%, as holiday sales soar after merger collapse

Posted on: February 6, 2025

Shares of Coach parent Tapestry shot up about 15% in premarket trading after the company beat holiday-quarter sales expectations and boosted its full-year forecast. The fashion and accessories […]

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Bank of England Cuts Interest Rates as British Economy Weakens

Posted on: February 6, 2025

The Bank of England cut interest rates on Thursday for the third time in about six months, amid signs of weak economic growth in Britain and an unexpected […]

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Trump’s de minimis cancellation is bad news for Temu, but worse for Shein

Posted on: February 6, 2025

SHANGHAI, Feb 6 (Reuters) – The Trump administration’s move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder than online […]

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A retail army is bullying bigger investors waiting to buy a stock-market dip, says Goldman strategist

Posted on: February 6, 2025

A retail army is bullying bigger investors waiting to buy a stock-market dip, says Goldman strategist.— news from MarketWatch

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Honeywell, one of the few remaining US industrial conglomerates, to split into 3 companies

Posted on: February 6, 2025

Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following the path of manufacturing giants like General Electric and Alcoa. The North […]

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UK interest rates latest: Bank of England cuts interest rates to 4.5%, the lowest level since June 2023

Posted on: February 6, 2025

An unhappy mix of slow growth and rising prices, the Bank suggests. Kevin Peachey, the cost of living correspondent, notes that the Bank of England expects the sluggish […]

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Trump closed a China loophole. Shein and Temu were already prepared.

Posted on: February 6, 2025

Trump’s executive order ending de minimis shipments hurts Shein and Temu. The companies have prepared for changes by fulfilling more orders locally in recent years. Experts say Shein […]

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DEI: Google joins US firms abandoning diversity recruitment goals

Posted on: February 6, 2025

Google has become the latest big US firm to scrap its goals to recruit more workers from underrepresented groups, BBC News understands. The decision to abandon the diversity, […]

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Nissan CEO tells Honda counterpart he wants to scrap merger talks, source says

Posted on: February 6, 2025

The Japanese automakers in December signed a memorandum of understanding to discuss an integration under a holding company to create the world’s No.3 automaker and compete in an […]

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Ford expects to rack up EV losses of up to $5.5B in 2025, sending shares skidding

Posted on: February 6, 2025

Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a […]

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