TAIPEI, Taiwan (AP) — China is retaliating in a determined and at times highly detailed manner to U.S. President Donald Trump’s new tariffs, led by a retaliatory 34% tax on all U.S. imports next week. The strong response shows a degree of preparation that leaves Chinese exports in a tough spot but exacts pain from…
Check out the companies making headlines in premarket trading. PVH Corp — The fashion stock soared about 16% on the back of stronger-than-expected earnings for the fourth quarter. The Calvin Klein and Tommy Hilfiger parent earned $3.27 per share, excluding items, on $2.37 billion in revenue, beating the consensus forecasts of analysts polled by LSEG…
One of Narciso Rodriguez’s prized possessions is a pair of Victorian gloves, made painstakingly by hand. It’s a reminder that, as he says, “Good things last, and they’re meaningful.” Creating those lasting, meaningful things is Rodriguez’s North Star right now. When he founded his namesake brand in 1997, he quickly became a boldface fashion name….
The stars will literally align on February 28 when seven planets – Venus, Mars, Jupiter, Saturn, Uranus, Neptune and Mercury – will be visible in the night sky, although you will need a telescope to see Uranus and Neptune. Also known as the “planetary parade”, this celestial phenomenon is rare and brief and is not…
We recently compiled a list of the 12 Best Consumer Discretionary Stocks to Buy According to Analysts. In this article, we are going to take a look at where PVH Corp. (NYSE:PVH) stands against the other consumer discretionary stocks. The Consumer Discretionary sector, as measured by the S&P 500 Consumer Discretionary Sector performance, surged approximately 30%…
TAIPEI – China’s tit-for-tat duties on U.S. imports took effect Monday, just hours after U.S. President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports to the U.S. The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. What’s next for Calvin Klein after parent’s inclusion on Chinese blacklist? In a sprawling shopping centre in Beijing’s Chaoyang district, Calvin Klein and Tommy Hilfiger stores sit…
Graphic: Images: Christopher Furlong, Anna Moneymaker, Alfredo Astrella/AFP, Drew Angerer Elon Musk’s Department of Government Efficiency is here, and defense contractors can’t wait for the “revolution” to reach the Defense Department. So far, his focus has been on other areas, but they’re betting that Musk — himself a defense contractor through SpaceX — slashes a…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China accuses Calvin Klein parent of ‘inappropriate conduct’ on Xinjiang matters China’s Ministry of Commerce (Mofcom) said on Thursday that PVH Group, the parent company of clothing…
China’s Ministry of Commerce (Mofcom) said on Thursday that PVH Group, the parent company of clothing brands Calvin Klein and Tommy Hilfiger, is involved with “inappropriate conducts” concerning Xinjiang matters, citing initial investigation results. The ministry’s office overseeing the Unreliable Entity List (UEL) mechanism – a blacklist similar to the US entity list – will…