Coach owner's Michael Kors deal creates US giant to take on European luxury rivals
By Aishwarya Venugopal (Reuters) -Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5
2023-08-11 00:46
Factbox-Major deals in global luxury market in the past decade
Coach parent Tapestry said on Thursday it will buy Michael Kors owner Capri Holdings in a deal valued
2023-08-10 21:55
Disney reports lower-than-expected revenue for its fiscal third quarter
The Walt Disney Company reported slightly lower than expected revenue for its fiscal third quarter on Wednesday.
2023-08-10 04:24
Turkish Airport Operator TAV Tipped to Outperform with 40% Surge
A tourism boom will send shares in Turkish airport operator TAV Havalimanlari surging more than 40% over the
2023-08-09 17:26
WeWork says it has 'substantial doubt' about its ability to stay in business
"Substantial doubt exists" about WeWork's ability to continue to stay in business, due to the company's losses, projected cash needs, and increased member turnover, according to the company's second quarter earnings release.
2023-08-09 05:55
Moody's warns it could cut credit ratings of 6 big US banks
Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.
2023-08-08 19:53
Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:17
UPS says its profit will fall after it reaches a Teamsters deal. Its stock is sinking sharply
UPS reported a sharp drop in revenue and profit in the second quarter. The company also cut its profit forecast, expecting narrower margins in the wake of its tentative deal with the Teamsters union.
2023-08-08 18:46
Moody's downgrades 10 US banks, warns of possible cuts to others
By Lananh Nguyen and Juby Babu Ratings agency Moody's downgraded the credit ratings of several U.S. banks on
2023-08-08 11:29
Beyond Meat earnings drop 30% with falling demand
Troubled plant-based meat company Beyond Meat posted a 30% revenue decline in the second quarter due to falling demand for its products, the company announced Monday.
2023-08-08 06:21
Berkshire Hathaway swings to a profit, boosted by massive investment gains
Berkshire Hathaway on Saturday reported a jump in earnings in the second quarter of 2023, recovering from large investment losses a year ago, when the bear market flummoxed even the most successful investors like Berkshire Chairman Warren Buffett.
2023-08-05 23:27
Wall Street Giants Expect $8.9 Billion Hit From Bank Failures
The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit
2023-08-05 05:53