The heightened duties will take effect shortly after midnight, in sharp contrast to the talks that have begun between the Trump Administration and other trading partners.
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries Read More »
Last week, details emerged about an application that fintech giant Stripe had submitted for a U.S. banking license. There was a lot of chatter on X about whether this meant Stripe — already the largest privately valued fintech in the world — would now be adding “bank” to the list of descriptions of what it […]
No, Stripe is not becoming a bank Read More »
Amid a morning of pandemonium on Wall Street, a popular news aggregator on X, known as Walter Bloomberg, posted a false report declaring that President Trump was considering a 90-day pause on his controversial tariff proposal. This news was not true, and yet, index funds like the Dow Jones whipsawed, rapidly rising for a brief […]
How one tweet wreaked havoc on the stock market Read More »
Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell […]
Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets Read More »
The denim brand posted a 3 percent rise in reported quarterly revenue, exceeding analysts’ expectations of a 1 percent loss.
Levi Strauss Beats Quarterly Sales Estimates on Steady Denim Demand Read More »
At 11 a.m. in California last Thursday, the day after President Donald Trump declared sweeping new tariffs under what he dubbed “Liberation Day,” Ryan Petersen was live on camera, fielding questions from a virtual room packed with more than 2,300 anxious customers. The founder and CEO of Flexport, a now 12-year-old global logistics and customs […]
The beauty retailer will instead focus on “optimising” its existing 610 locations, said CEO Kecia Steelman at an investors event.
Ulta Beauty Pauses Target Shop-in-Shop Openings Read More »
Asian manufacturing hubs for fashion and footwear including Vietnam, Indonesia, Cambodia and India have said they won’t retaliate against Trump’s tariffs and are willing to make concessions.
Apparel Manufacturing Countries Seek to Negotiate With Trump on Tariffs Read More »
From farmers to designers, the entire supply chain will be hit — but it is unclear what duties apply to a finished product.
It Could Set the Industry Back 50 Years: Fashion Braces for Impact of Trump Tariffs Read More »
The British Broadcasting Corporation has filed a complaint with a UK antitrust regulator complaining that aggregators like Apple News and Google News minimize credit for the stories they feature. Apple Insider reports that the BBC is asking the UK’s Competition and Markets Authority to require Apple and Google to more prominently credit news sources. And […]
BBC seeks more prominent credit in Apple and Google News Read More »