February 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 company said it now expects full-year revenue of over $6.85 billion, which would be about 3% higher than the prior year. It expects earnings per share of […]

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 slowdown in inflation. Policymakers cut the key rate a quarter point to 4.5 percent as the bank lowered its forecasts for economic growth this year. Two members […]

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 dollar-store Temu, thanks to Temu’s wider product range and moves to change its shipping strategy. Both sites grew exponentially in the U.S. in recent years, helped by […]

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

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 Carolina-based company announced on Thursday that it will spin off its automation and aerospace technologies businesses. This will result in three publicly listed companies, including a previously […]

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 growth to last longer than previously predicted. Additionally, the expectation of rising gas prices is likely to drive inflation, creating an unhappy mix for the chancellor to […]

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 and Temu’s success relies on low prices, not de minimis shipments. Shein and Temu won’t meet an untimely end because of de minimis changes, e-commerce experts say. […]

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, equity, and inclusion (DEI) recruitment targets comes after the company carried out an annual review of its corporate policies. Google is also reviewing some of its other […]

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 increasingly tough industry. However, the talks have been complicated by growing differences, and hit a wall after Honda said it wanted to turn Nissan into a subsidiary. […]

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 sign of the severe difficulties in cutting costs on battery-powered models. The automaker forecast overall profitability for 2025, but even that was lower than in 2024. For […]