Jefferies downgrades Nike to hold from obtain. Here’s what the execs say to do next
World
Kering shares pop as ‘sharp’ improvement at Gucci builds investor optimism
A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Shares of Gucci owner Kering closed up 8.7% on Thursday, hitting a 1-year high after the company’s sales decline narrowed and quarterly earnings beat estimates. The French luxury giant – whose brands include […]
Read More
World
Rivian plans to lay off more than 600 workers
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street […]
Read More
World
Trump didn’t like the EU before. Now, Russia might be pushing them closer
European Commission President Ursula von der Leyen speaks, while sat with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | Reuters Relations between the U.S. and European Union have been thorny this year with differences over how to […]
Read More