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Proposed SNAP cuts could pressure low-income shoppers — and retailers that serve them
Shoppers at the Walmart Supercenter in Burbank in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images For millions of low-income Americans — already rattled by the threat of tariffs and higher prices — changes to a program that helps with grocery costs could make life more expensive. House […]
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LVMH plunge puts spot as world’s top luxury stock at risk after sales miss
Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Bloomberg | Getty Images Shares of LVMH plunged as much as 8% on Tuesday morning, at one point losing its position as world’s largest luxury firm to rival Hermès after an unexpected decline in first-quarter sales. LVMH reported […]
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Autos lead Europe stocks higher on hopes of Trump tariffs easing
UK labor market eases as wage growth remains strong The U.K. employment rate ticked 0.2 percentage points higher on the quarter to 75.1% between December 2024 and February 2025, the Office for National Statistics said in a labor market report published Tuesday. In an initial estimate, the number of payrolled employees fell 0.3% month on […]
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Europe stocks pop 2.2% as Trump tariff exemptions boost sentiment; tech up 3%
European stock markets were broadly higher on Monday morning, as investors parsed news of a U.S. tariff exemption for some tech items while the earnings season kicks into gear. The pan-European Stoxx 600 index was 2.2% higher at 9:30 a.m. London time with all sectors in the green, bolstered by technology gains of 3%. Oil […]
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Tariffs threaten to blow a hole in European luxury sales. Citi picks the winners and losers
A clear split of winners and losers among Europe’s prized high-end luxury brands could emerge after President Donald Trump’s sweeping tariffs were seen blowing a hole in lucrative U.S. sales, analysts warned. The U.S. has been a major growth driver for many luxury brands in recent quarters, as firms have shifted their focus to well-heeled […]
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The biggest winners and losers in Europe as Trump announces sweeping tariffs
U.S. President Donald Trump stands, after delivering remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Leah Millis | Reuters Global markets, businesses and long-standing geopolitical relationships were thrown into disarray on Thursday, the day after U.S. President Donald Trump’s tariff policy — and Europe was not […]
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Software giant SAP becomes Europe’s most valuable firm amid German stock market boom
A general view of the headquarters of SAP AG, Germany’s largest software company on January 8, 2013 in Walldorf, Germany. Thomas Lohnes | Getty Images News | Getty Images Software-maker SAP became Europe’s most valuable company this week, riding a wave of artificial intelligence enthusiasm and German stock market gains. The company had a market […]
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Take a look inside French luxury retailer Printemps’ first U.S. store
A piece of Paris has landed in New York City. French luxury retailer Printemps officially opened its first U.S. store this week in the city’s Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake. The 55,000-square-foot store spans two floors and carries a wide range […]
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Trump’s 200% tariffs could have an unlikely winner — troubled beer brewers
A twelve pack of Budweiser sits on a shelf for sale at a convenience store in New York City. Drew Angerer | Getty Images U.S. President Donald Trump’s threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary […]
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Trump threatens to put 200% tariff on French Champagne and other EU spirits
Moet champagne bottles are seen at Berlin Brandenburg airport in Schonefeld, Germany on February 24, 2025. Jakub Porzycki | Nurphoto | Getty Images President Donald Trump said Thursday he plans to put a 200% tariff on alcohol from France and other European nations in the latest escalation of global trade tensions. The U.S. tariff comes […]
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