Tag: fashion

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Boeing Reports Fourth Quarter Loss, Hit by IAM Strike and Workforce Reductions

Boeing (BA) estimates a $3.5 billion operating cash flow loss for the fourth quarter due to the IAM strike and other factors. The company expects revenue of $15.2 billion and a GAAP loss per share of $5.46. Boeing also plans to take $1.7 billion in pre-tax charges in its defense and space business.

More Silent Plurality of Investors Are Looking to Sell the Dollar: Morgan Stanley

Traders looking to sell the US dollar outnumber buyers despite its market dominance, according to Morgan Stanley. A weaker dollar could be on the horizon as inflation data and fiscal negotiations approach.

Singapore Eases Monetary Policy for First Time Since 2020

Singapore's central bank eases monetary policy for the first time since 2020, reducing the slope of its policy band as price pressures ease.

MTA's Record $68.4B Capital Plan to Spur $106B in Economic Activity

MTA's $68.4B modernization plan to boost NY economy by $106B, create 72,700 jobs, according to EY report commissioned by Partnership for New York City.

UnitedHealthcare Announces New CEO Amidst Earnings Headwinds

UnitedHealth Group announces Tim Noel as CEO of UnitedHealthcare, replacing Brian Thompson after his tragic death. Noel brings decades of experience to the role, overseeing the $298 billion revenue unit amid industry challenges.

EU Antitrust Battles With US Tech Giants Draw Fire From Trump

President Trump criticizes the EU's antitrust actions against American tech giants like Apple, Google, Meta, Amazon, and Microsoft, calling it a form of taxation. The EU has fined these companies billions of dollars for alleged anti-competitive practices, such as abusing market dominance and violating data protection rules. Amidst ongoing antitrust battles between the US and Big Tech, Trump's defense of these companies raises questions about the future of tech regulation in the US.

Brazil Poised to Capitalize on US Paris Pullout in Climate Investment

Brazil's energy minister says US withdrawal from Paris Agreement opens investment opportunities for Brazil.

McCormick Forecasts Disappoint, Hit by Demand Slump and Marketing Costs

McCormick's annual sales and profit forecast fell short of expectations due to slumping demand for spices and condiments, particularly in China, and higher marketing expenses.

Ralph Lauren CEO: Trump Tariffs 'A Pressure Point,' But 'We Can Work Through It'

Trump tariffs could hurt apparel companies, with Ralph Lauren vulnerable despite reducing China sourcing.

Primark Cuts Annual Sales Outlook Amid UK Weakness

AB Foods Cuts Primark Sales Target After Weak UK Christmas Performance