Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings projections, highlighting wealthy buyers’ unshakable appetite for luxury goods and handbags despite red-hot inflation. Soaring costs have had no effect on middle- and upper-income households, which have been cheerfully… Read More ›
Elon Musk, the CEO of Tesla, has sold another 7.92 million shares in the electric vehicle manufacturer, valued at approximately $6.88 billion. According to regulatory documents, the sales occurred during the firm’s annual shareholder meeting last week. Musk claims he… Read More ›
The United States Senate has adopted a $700 billion (£577 billion) economic package that includes big legislation on healthcare, taxes, and climate change. The measure aims to reduce the cost of certain medications, raise corporate taxes, and limit carbon emissions…. Read More ›
SoftBank has confirmed that it has sold its remaining share in Uber, the ride-hailing behemoth based in the United States, as the Japanese conglomerate seeks to raise funds amid rising losses at its investment subsidiary. SoftBank’s Vision Fund, its technological… Read More ›
Russia has barred investors from so-called hostile nations from selling shares in important energy projects and banks until the end of the year, increasing pressure on the West in the sanctions standoff. Since Russia’s incursion into Ukraine in late February,… Read More ›
Beyond Meat Inc reported a lower revenue prediction for the year and job losses as growing inflation hampered the company’s efforts to make its more expensive plant-based meat more affordable to consumers. Higher plant-based meat prices have hampered the category’s… Read More ›
Data reveal that Eurozone retail sales fell more than predicted in June as factory gate prices continued to climb, indicating a deterioration in consumer demand that could presage a recession in the second half of the year. Eurostat, the European… Read More ›
A key unit of Toyota Motor Corp faked emissions data on some engines dating back to at least 2003, more than a decade earlier than previously reported, according to a company-commissioned investigation released on Tuesday. In a rare criticism of… Read More ›
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