Business
Tapestry shares plunge 15% as Coach parent says tariffs will bite into profits
People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | Reuters Shares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow. The handbag, shoe and accessory maker said costs from higher duties will total $160 million […]
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John Deere forecasts $600 million in tariff impacts this year
The John Deere logo is displayed as attendees view a 5105M utility tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty Images John Deere is warning that tariff costs for the agricultural machinery company […]
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Ulta and Target will end deal for in-store beauty shops next year
Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Melissa Repko | CNBC Ulta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores. Shares […]
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Cadillac unveils ‘Elevated Velocity’ electric crossover concept car
The Cadillac Elevated Velocity concept car. Courtesy: Cadillac General Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment. The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance […]
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Monterey classic car auctions kick off, and sales expectations are tepid
A general view at Pebble Beach Concours d’Elegance on August 18, 2024 in Monterey, California. Since 1950, the annual Pebble Beach Concours d’Elegance has hosted the world’s most beautiful and expensive collectable cars on the Competition Field along Carmel Bay. Matt Jelonek | Getty Images News | Getty Images A version of this article appeared […]
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Kodak faces financial struggles even as Gen Z sparks a film resurgence
Rolls of Kodak Gold film hang on a shelf at the Precision Camera & Video store on August 12, 2025 in Austin, Texas. Brandon Bell | Getty Images Clair Sapilewski has dozens of rolls of camera film ready to use in her cupboard at all times. A photography major at American University, the 21-year-old said […]
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Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown
Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times […]
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Walmart expands grocery discount for 1.6 million employees as tariffs renew inflation concerns
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty Images As tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees. The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all […]
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Mediterranean chain Cava lowers forecast after disappointing same-store sales growth
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% […]
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SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites
Jaque Silva | Lightrocket | Getty Images Satellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX. The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that […]
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