The US Supreme Court is poised in the weeks ahead to decide the legality of the majority of President Trump’s tariffs. The president invoked the International Emergency Economic Powers Act (IEEPA) to levy blanket tariffs on goods from other countries. But Congress is the branch of the US government with oversight of taxation and spending…
(Reuters) -China’s JD.com (JD) topped market estimates for quarterly revenue on Thursday, as the e-commerce giant benefited from steady consumer spending on its platform thanks to government subsidies and lower prices. U.S.-listed shares of the company rose nearly 5% in premarket trading. Chinese retail majors including JD.com and Alibaba are using heavy discounts and price…
The Gen Z Fashion Trend That’s Baffling Apparel Retailers getty It’s time to stop talking about Gen Zers as lazy, spoiled, screen-obsessed snowflakes. First, they aren’t kids anymore. Second, there are a lot of them—estimated to be about 25% of the global population. And third, they have become discerning consumers who now have money to…
With AI having its big moment in the spotlight these days, you may be wondering how you can use it to optimize your financial life. We took a look at personal finance apps that use AI to serve different purposes — and found the best to help you invest, budget, manage subscriptions and even save…
After a year of about 200 fun-filled flights carrying nearly 2,000 dogs Bark recently launched Companion Concierge: a premium travel-planning service for dogs. Bark Air earned $6 million in revenue during its first year of operation offering luxury-level flights across the world. (One-way flight costs range from about $6,000 to $12,000). The genesis of the…
Americans just keep spending. Retail sales in August rose 0.6% from the prior month, more than the 0.2% expected and the latest sign that US consumers continue to be resilient in the face of a labor market that has shown some signs of stress. Excluding spending on cars and gas, sales rose 0.7% last month….
(Refiles to correct spelling of Macron’s first name in paragraph 12) By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump’s extraordinary meetings with Ukraine’s Volodymyr…
Bill Smead doesn’t know how long the current stock-market rally can continue, but the veteran investor does think it’s in a particularly vulnerable spot. In his Q2 letter to investors on July 15, Smead — whose Smead Value Fund (SMVLX) has beaten 96% of peers over the last 15 years, Morningstar data shows — shared…
Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…
Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…