Pedestrians walk past a German luxury fashion house Hugo Boss store in Shenzhen Bao’an International Airport. Alex Tai | SOPA Images | LightRocket | Getty Images) Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of persistent woes in the … Read more
China’s rich are turning their backs on flaunting their wealth as the economy faces headwinds, putting the country’s luxury market under pressure. D3sign | Moment | Getty Images China’s rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country’s luxury market under pressure. There are emerging signs of … Read more
Protests in Spain will spread if European officials fail to address mass tourism’s negative effect on the lives of residents, UNESCO’s Peter Debrine told “Squawk Box Asia” on Monday. “It’s turning into a very volatile situation,” said UNESCO’s senior project officer for sustainable tourism. “Civil society coming and trying to make change is very important, … Read more
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to … Read more
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to address the Economic Club of Washington, D.C., on Monday as traders look for hints about when the central bank will cut interest … Read more
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | Reuters U.S. stocks are expected to get a short-term boost in the aftermath of the failed assassination of former president Donald Trump over the weekend, as analysts say … Read more
Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024. Eva Marie Uzcategui | Bloomberg | Getty Images With markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs economists say that another … Read more
The Calgary Stampede is closing in on its all-time attendance record set more than a decade ago. During a press conference on Sunday, officials with the Greatest Outdoor Show on Earth announced after nine days, the Stampede has welcomed 1,331,280 guests to the stampede grounds. The largest stampede attendance ever was set back in 2012, … Read more
When Jenny Flora Wells graduated from Ohio State University in 2021 with her master’s degree in social work, she applied for 400 jobs. From that crop, she landed three interviews. “I was told an MSW was a golden ticket and that I would be sure to find a job. I did everything by the book, had … Read more
Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken … Read more
