Posts with tag: travel
Even a 25% tariff on China would hurt iconic retailer Ralph Lauren (RL), however, it's unlikely that Ralph Lauren could fully exit China to mitigate tariff risk due to their unique expertise in certain categories.
Published on: January 23, 2025, 05:01 AM UTC
Indian stocks that soared in 2024, like Zomato and Oberoi Realty, have started 2025 poorly amid concerns over lofty valuations and disappointing earnings.
Published on: January 23, 2025, 05:01 AM UTC
Northfield Bancorp Inc. reported a profit of $11.3 million in Q4, with earnings of 21 cents per share. Annual profit was $29.9 million, or 72 cents per share. (Zacks)
Published on: January 23, 2025, 04:01 AM UTC
Netflix stock (NFLX) hit an all-time high on Wednesday after reporting a surge in subscribers and earnings that beat expectations. The company's ad-supported tier will now cost $7.99, while its Standard tier will be $17.99 and its Premium tier will be $24.99.
Published on: January 23, 2025, 02:02 AM UTC
Chuck Robbins, CEO of Cisco, discusses the impact of US-China relations and trade policy on businesses at the World Economic Forum in Davos. Cisco's China business, despite facing challenges, remains a key concern for Robbins, who also emphasizes the importance of extending expiring tax cuts. Shares of Cisco have underperformed over the past year but have shown recent resurgence, driven by better-than-expected earnings and optimism about the integration of Splunk.
Published on: January 23, 2025, 02:01 AM UTC
Tariffs could hurt Ralph Lauren and other apparel companies that manufacture in China. CEO Patrice Louvet says the company has diversified its sourcing and can manage tariffs, but warns of potential price hikes for consumers.
Published on: January 23, 2025, 02:01 AM UTC
Japan's exports rose for a third month in December on the back of a weaker yen as businesses wait for clarity on US trade policy under President Trump.
Published on: January 23, 2025, 01:00 AM UTC
Fortescue's iron ore shipments rose 1% in the last quarter, adding to concerns about oversupply as Chinese demand wanes. The miner exported 49.4 million tons in the three months to end-December, retaining full-year shipment guidance of 190-200 million tons.
Published on: January 23, 2025, 12:00 AM UTC
Private equity firms Bain Capital and CC Capital Partners are locked in a bidding war for Australian wealth management firm Insignia Financial.
Published on: January 22, 2025, 11:04 PM UTC
Microsoft's relationship with OpenAI faces challenges. Despite investing $14 billion, Microsoft was excluded from OpenAI's new joint venture, prompting speculation of a strained relationship. Microsoft has scaled back plans for additional investment, while OpenAI seeks other partners and explores using rival cloud services for its AI training.
Published on: January 22, 2025, 11:01 PM UTC