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Tag Archives: Breaking News: Economy

Shares of Gucci-owner Kering drop 5% after first-quarter gross sales stoop

Shares of Gucci-owner Kering drop 5% after first-quarter gross sales stoop

A Gucci luxurious boutique in Paris, France, on Tuesday, Oct. 22, 2024.  Bloomberg | Getty Images Shares of Kering fell on Thursday after the French luxurious items team posted less than anticipated first-quarter gross sales and pointed to additional macroeconomic headwinds forward. Revenues on the model large plunged 14% year-on-year within the …

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Corporate America shelled out tens of millions for Trump’s inauguration. Now he is upending many in their companies

Corporate America shelled out tens of millions for Trump’s inauguration. Now he is upending many in their companies

U.S. President Donald Trump delivers remarks on the Business Roundtable’s quarterly assembly on the Business Roundtable headquarters on March 11, 2025 in Washington, DC.  Andrew Harnik | Getty Images America’s richest and maximum tough corporations shelled out tens of millions to fund President Donald Trump‘s inauguration festivities. Three months later, …

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Trump needs automakers to transport car manufacturing to the U.S. It’s now not that straightforward

Trump needs automakers to transport car manufacturing to the U.S. It’s now not that straightforward

Ford Motor Company’s electrical F-150 Lightning at the manufacturing line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images DETROIT – When President Donald Trump hinted remaining week at a reprieve from 25% auto price lists, he instructed it …

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Treasury Sec. Bessent says China, U.S. have ‘alternative for a large deal’ on industry

Treasury Sec. Bessent says China, U.S. have ‘alternative for a large deal’ on industry

Scott Bessent, US treasury secretary, on the IIF Global Outlook Forum all the way through the International Monetary Fund (IMF) and World Bank Spring conferences in Washington, DC, US, on Wednesday, April 23, 2025. Kent Nishimura | Bloomberg | Getty Images Treasury Secretary Scott Bessent on Wednesday stated that “there …

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