Reported about 1 month ago
Coty Inc. has announced the sale of its stake in Kim Kardashian's beauty brand to her underwear company, Skims, ending their partnership. Coty had acquired a 20% stake in SKKN by Kim for $200 million in 2021 but will maintain its majority stake in Kylie Cosmetics, owned by Kardashian's half-sister Kylie Jenner. The decision follows frustrations expressed by both Kardashian and Jenner regarding Coty’s management of their brands.
Source: YAHOO
Reported about 1 month ago
Wall Street reacted to the Federal Reserve's recent meeting, where they indicated potential rate cuts later this year. Investors were particularly focused on Chair Jerome Powell's comments regarding the ongoing challenges in combating inflation, influenced by fluctuating tariff policies. This meeting has significant implications for market movements moving forward.
Source: YAHOO
Reported about 1 month ago
Donald Trump refers to April 2 as 'liberation day,' marking the implementation of his reciprocal tariff plans aimed at bringing revenue into the U.S. He has emphasized this term in various speeches, suggesting that it symbolizes a shift in trade dynamics and financial gain for the country. As new duties may be imposed on various sectors, concerns about potential impacts on markets and industries arise. Trump's administration has hinted that this date marks a turning point in creating a more predictable business environment amid ongoing economic volatility.
Source: YAHOO
Reported about 1 month ago
安大略省法庭批准了Hudson’s Bay的清算计划，此公司是加拿大最古老的公司，成立于1670年。自周一起，除六家商店外，其余80家Hudson’s Bay店铺、三家Saks Fifth Avenue及13家Saks Off 5th店铺将开始进行库存清算。该公司因面临重大财务挑战而申请了债权人保护，尽管在最近的促销活动中销售超出预期，暂时保留了六家店铺的运营，但仍需寻找长期的财务解决方案。
Source: YAHOO
Reported about 1 month ago
London's Heathrow Airport is back in full operation after a significant blackout caused by a fire at a nearby electrical substation, which led to the cancellation or diversion of over 1,300 flights. Power supplies have been restored, and British Airways aims to run 85% of its scheduled flights. The outage has raised concerns about Heathrow's infrastructure resilience, with potential financial impacts estimated between $80 million and $100 million.
Source: YAHOO
Reported about 1 month ago
European central banking officials are expressing concerns about their reliance on the U.S. Federal Reserve for dollar funding during financial stress, particularly due to uncertainties stemming from the Trump administration's policies. While discussions have revealed a low likelihood that the Fed would retract its funding, the officials are considering alternatives and are concerned about potential pressures that might affect the Fed's independence. The situation reflects rising apprehension regarding the stability of international financial cooperation.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Recent strategists' outlooks for the S&P 500 indicate a widening range of predictions, reflecting growing uncertainty surrounding economic growth and President Trump's policy plans. While 16 out of 17 analysts expect a rally, forecasts vary significantly from 6,200 to 7,100, suggesting potential increases of 10% to over 26%. Key factors will include clarity on tariffs and corporate profits, as analysts recognize that stock market dynamics have shifted, leading to a more cautious approach compared to prior bullish expectations.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Rachel Reeves will announce significant spending cuts in her upcoming spring statement to the House of Commons, aimed at correcting the fiscal miscalculations following her initial budget. With a tight economic margin overshadowed by rising borrowing costs and poor growth forecasts, she is under pressure to restore credibility and stability in public finances, all while facing opposition from her own party on proposed welfare cuts and previous austerity measures.
Source: YAHOO
Reported about 1 month ago
As concerns grow over the Trump administration's policies, some European central banking officials are exploring whether they can continue to rely on the U.S. Federal Reserve for dollar funding during market stresses. While speculation exists around the Fed potentially suspending its backstops, most officials still believe the Fed will honor its commitments. Despite informal discussions about options, the prevailing view is that there remains no strong alternative to the Fed's support, highlighting the crucial role of the U.S. dollar in global financial stability.
Source: YAHOO
Reported about 1 month ago
Due to rising living costs, Americans are dining out less and opting for simpler, budget-friendly meal options, according to a Bank of America report. Consumers are moving from traditional sit-down restaurants to fast-casual dining and even gas station meals, while also favoring discount supermarkets and smaller food packages. This shift is especially noticeable among lower-income households, leading to a decrease in discretionary spending on restaurants and a boost in sales for value grocery chains.
Source: YAHOO
Reported about 1 month ago
Joseph Oughourlian, founder of Amber Capital, is battling to retain control of Prisa, Spain's leading media group, after a decade of shareholder activism. Relations between Oughourlian and pro-government Spanish businessmen have deteriorated, especially following his opposition to a new government-backed TV channel. As the conflict escalates ahead of an impending shareholder meeting, Oughourlian seeks to secure support from key investors while facing criticism regarding foreign ownership of local media.
Source: YAHOO
Reported about 1 month ago
Heathrow Airport resumed operations after a significant disruption caused by a fire at a nearby electrical substation that resulted in a daylong blackout, affecting over 1,300 flights and leaving thousands of passengers stranded. Following the restoration of power, British Airways plans to operate about 85% of its schedule, although the incident is expected to have lasting impacts on travel and financial costs estimated between $80 million and $100 million.
Source: YAHOO
Reported about 1 month ago
Elon Musk's company, X, intends to repurchase the last portion of $1.2 billion in debt related to its buyout of the social network, which has been held by Wall Street banks for several years. This move may partially be funded by a recent equity raise, allowing the banks, led by Morgan Stanley, to unload the riskiest loans from their balance sheets. While no final decision has been made, this debt repurchase follows a series of transactions where the majority of the $13 billion debt from Musk's acquisition was offloaded earlier this year.
Source: YAHOO
Reported about 1 month ago
As the US and China continue their trade dispute with reciprocal tariffs on imports, former Wall Street Journal editor Bob Davis discusses President Trump's potential to escalate tariffs further. He suggests that while there may be a deal between the two nations, the likelihood of large-scale tariff reductions remains slim. Davis emphasizes that China's economic concerns may temper its responses to US tariffs, and explores the implications for American consumers and the tech sector.
Source: YAHOO
Reported about 1 month ago
Coty, the parent company of CoverGirl, has announced the sale of its 20% stake in Kim Kardashian's beauty brand, SKKN, to her clothing line SKIMS. This move consolidates both businesses under one umbrella as Coty aims to use the proceeds to reduce debt and invest in innovation amidst struggling sales from cost-conscious consumers.
Source: YAHOO
Reported about 1 month ago
Apple is restructuring its AI leadership as it focuses on enhancing its artificial intelligence products. Notably, the launch of an upgraded Siri digital assistant has been postponed to 2026, while the company faces significant financial losses from its Apple TV+ streaming service, estimated at $1 billion annually.
Source: YAHOO
Reported about 1 month ago
Following Donald Trump's election, the oil-and-gas industry initially celebrated, but now executives face uncertainty due to his focus on reducing crude prices and federal staffing cuts impacting permit approvals. Companies are warning that proposed steel tariffs could raise drilling costs, while ongoing policy shifts create worries about long-term investments in the sector.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
While concerns over President Trump's tariff policies and economic recovery contribute to market volatility, Julian Emanuel from Evercore ISI believes the bull market is still intact. Despite currently miserable investor sentiment, he sees this period as a buying opportunity, suggesting that while soft data has worsened, hard economic indicators remain stable. His analysis indicates that recent market actions are more positive than anticipated, providing optimism for investors.
Source: YAHOO
Reported about 1 month ago
The Biden administration reportedly allowed Chevron to pay hundreds of millions to the Venezuelan government despite an initial prohibition in a sanctions waiver. This secretive arrangement enabled Chevron to comply with U.S. law while making necessary tax payments to the regime of Nicolás Maduro, raising concerns about the administration's handling of sanctions as Maduro's government fails to uphold democratic promises.
Source: YAHOO
Reported about 1 month ago
The week of March 24, 2025, will feature significant US economic data releases, including consumer confidence and home price indices on March 25, and the final GDP revision for Q4 2024 on March 27. Additionally, the February Personal Consumption Expenditures index will be available on March 28. Corporate earnings reports are expected from Lululemon, Dollar Tree, Chewy, KB Homes, and Intuitive Machines.
Source: YAHOO