Shares of fashion apparel company Capri Holdings (NYSE: CPRI) fell on Wednesday after the company released financial results for its fiscal fourth quarter of 2023. As of 1 p.m. ET, Capri Holdings stock was down 10% and hitting 52-week lows. In Q4, which ended April 1, Capri Holdings had revenue of $1.3 billion, which was down 10.5%.
Small caps led Thursday's decline on hot inflation and Fed comments. The Tesla robotaxi is due tonight with TSLA stock near a buy point.
South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt. The Bank of Korea lowered its key interest rate by a quarter percentage point to 3.25% following a meeting of its monetary policy committee, in its first move to lower borrowing costs since May 2020, when the economy was weathering the COVID-19 pandemic. The bank raised the rate by a quarter percentage point in August 2021 over concerns about inflation and soaring household debt, driven in part by skyrocketing house prices, and then froze rates for over three years.
China's ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company shifts focus towards greater use of AI in content moderation, two sources familiar with the matter told Reuters. The employees, most of whom were involved in the firm's content moderation operations, were informed of their dismissal by email late Wednesday, the sources said, requesting anonymity as they were not authorized to speak to media. In response to Reuters' queries, TikTok confirmed the layoffs on Friday, but said it was unable to give a precise figure on the number of employees affected in Malaysia.
A Prada coat and Yohji Yamamoto jacket worn by Carolyn Bessette-Kennedy, who died alongside John F. Kennedy Jr. in a 1999 plane crash, will be sold.
Drop "excuses” and get behind Harris, the former president says at a stop in Pittsburgh.
The "We, Robot" Tesla robotaxi event is set to get started at any moment from the Warner Bros. studio lot. Tesla stock wavered Thursday ahead of the highly anticipated "product launch," but isn't far from a buy point. Chief Executive Elon Musk is expected to show off a robotaxi, which a number of reports say will be a two-seat car with butterfly-wing doors.
The former PM hopes the family of Dawn Sturgess will “take comfort” from the forthcoming inquiry.
Some 400 pro-establishment electors are set to approve the sole candidate for Macao’s chief executive job on Sunday, making him the Chinese casino hub ’s first leader born in mainland China. Nearly the entire election committee — 386 of 400 members — have nominated Sam Hou Fai, the territory's longtime chief judge, for the Oct. 13 vote. Local political observers say many Macao residents appear indifferent to Sam's origins.
Ye is being sued by a former employee who is accusing him of "erratic" behavior, including requesting an investigation into the Kardashian family.
(Bloomberg) -- The Bank of Korea cut its benchmark interest rate after local property markets showed signs of cooling and inflationary pressure eased sharply, allowing authorities to finally shift their focus to supporting economic activity.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the
Barack Obama hit the campaign trail on Thursday in support of his old friend Kamala Harris, calling out Donald Trump in a blistering speech while wondering aloud if he has ever changed a tire—or a diaper.The question even prompted one crowd member to shout “His own!”—eliciting a laugh from the former president.At the Pittsburgh rally, Obama spent much of the time criticizing his successor. He said that while he understands why some voters are looking to “shake things up” given the current econom
The new Dragons recruit has a clear message for the captain. Read more here.
As global markets navigate the complexities of rising oil prices and geopolitical tensions, European stocks have seen a cautious downturn, with the pan-European STOXX Europe 600 Index ending lower amid these uncertainties. In this environment, Swedish dividend stocks present an intriguing opportunity for investors seeking stability and income, as they can offer attractive yields even in challenging times.
(Bloomberg) -- Investors and analysts are expecting China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationSh
As global markets grapple with geopolitical tensions and economic uncertainties, the Swedish market remains a fertile ground for investors seeking opportunities beyond the mainstream. Amidst this backdrop, identifying stocks with strong fundamentals and growth potential becomes crucial, making Gränges and two other lesser-known Swedish companies intriguing prospects for those looking to diversify their portfolios.
As global markets grapple with geopolitical tensions and economic shifts, the European market has seen cautious investor sentiment, particularly influenced by conflicts in the Middle East. Despite these challenges, Sweden continues to offer promising investment opportunities, especially in growth companies with strong insider ownership—a factor often associated with aligned interests and long-term potential.
As global markets face uncertainty due to geopolitical tensions and economic fluctuations, the European market, including Sweden, has seen investor caution reflected in key indices like the STOXX Europe 600 Index. In this environment, identifying promising high-growth tech stocks such as those in Sweden requires a focus on companies with strong innovation capabilities and resilience to broader market challenges.
Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures fell 39 cents, or 0.5%, to $79.01 a barrel by 0152 GMT. "Investors are evaluating how hurricane damage might impact the U.S. economy and fuel demand," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.
Well, that was quick. After just three episodes, Doctor Odyssey has faced its first on-board casualty. But before we get to that tragedy, let’s keep it frothy, shiny and light — what we thought Plastic Surgery Week would deliver! Thursday’s episode of the freshman ABC drama begins with guest star Gina Gershon boarding the ship, …
Prince Harry and author Jonathan Haidt discussed the harmful effects smartphones and social media have on today's youth
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