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Investing
Hong Kong Takes a Hit as a Financial Center. How China Played a Part.
Hong Kong isn’t exactly washed up as a hub for finance. But it is fading as a global financial center, thanks to China’s tighter political embrace. “Hong…
Birkenstock floats price hikes to offset new factory costs as shares slide on earnings
Shares of Birkenstock Holding PLC slid nearly 8% on Thursday after the sandal maker reported a surprise fourth-quarter loss amid “subdued customer sentiment”…
Shares of iRobot plunge 40% on report EU will block purchase by Amazon
Shares of iRobot Corp. plummeted after hours on Thursday after the Wall Street Journal reported that the European Union plans to block Amazon.com Inc.’s…
Macy’s to lay off 13% of corporate staff and close five stores, as more retailers attack margin concerns with tech
Department-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to curb…
Trump’s past comments on bitcoin ‘scam’ cast doubt on his support for crypto in 2025
The crypto community is politically diverse, but even the staunchest Democrats within it are growing tired of President Joe Biden’s approach to digital…