Michael Kors-owner Capri Holdings Ltd has no plans to raise prices even if tariffs on Chinese imports go up to 25%, Chief Executive Officer John Idol said on Wednesday.
Capri Holdings Ltd missed quarterly revenue estimates and cut its full-year sales forecast on Wednesday, as the high-end fashion house struggled with slowing demand for its Michael Kors brand at department stores and at its own retail outlets.
U.S. stocks opened lower on Wednesday, as investors sought safety in gold and government bonds on worries about the impact of a long-drawn U.S.-China trade war on global growth.
While the rate of return isn't anything to write home about, you get inflation protection and the guarantee that you won't lose your principal.
Subway Restaurants will test Beyond Meat Inc meatballs in 685 restaurants across the United States and Canada starting next month, the latest chain to jump on the meat alternatives bandwagon.
China's Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car.
Disney+ is set to launch in November. Needham said Disney's streaming customers will "mostly come" from Netflix because "US consumers have shown a reluctance to add" additional streaming services.
U.S. package delivery company FedEx Corp will terminate its contract at the end of this month for small-package ground deliveries with Amazon.com Inc , Bloomberg reported on Wednesday.
Women face unique risks when it comes to saving for retirement, according to a survey from Nationwide Advisory Solutions.
U.S. stocks futures turned lower on Wednesday after investors flocked to safe-haven gold and U.S. government bonds amid worries over the escalation in U.S.-China trade war denting global growth.
One sector of the S&P 500 has a recent track record of holding onto gains made shortly after steep, sudden losses.
Asian shares were trying to rally on Thursday as Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary relief from fears of a global currency war.
Asian shares were trying to rally on Thursday after Beijing limited the fall in its yuan and provided temporary relief from fears of a global currency war, though worries about recession still lurked in the background.
Fitness chains SoulCycle and Equinox on Wednesday sought to distance themselves from a fundraiser for U.S. President Donald Trump reportedly in the works by their billionaire owner, real estate executive Stephen Ross.
The U.S. dollar's dominance will come to an end if the Federal Reserve gives in to pressure from financial markets and President Donald Trump and chops interest rates another 50 basis points this year, a Reuters poll of market strategists showed.