MILAN (Reuters) -Italy’s Armani Group said on Thursday its sales jumped 18% in the first quarter thanks to a rebound in Asia and more modest growth in the United States, where a slowdown is expected in the coming months. The privately-owned luxury group added that its 2022 full year revenues were up 16.5% to 2.35…
WASHINGTON (Reuters) – U.S. Representative Kevin Hern, who leads the largest Republican caucus, said on Thursday that he believed a deal to raise the nation’s debt-ceiling deal was “likely” by Friday afternoon. “We are inching closer to a deal. I think it’s some of the finer points they are working on right now,” Hern told…
By Andrew Mills DOHA (Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by a “push upward” the CEO of London-based crypto firm Blockchain.com said on Thursday. The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress does…
By Svea Herbst-Bayliss NEW YORK (Reuters) – The activist investor pushing for board seats at Freshpet Inc wants the pet food company to roll back a recent governance change and said it may take the matter to court unless the decision is reversed, according to a letter seen by Reuters. Jana Partners, Freshpet’s largest investor…
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before its collapse, Bloomberg News reported on Thursday, citing people familiar with the matter. Earlier this month, JPMorgan Chase & Co agreed to pay $10.6 billion to the Federal Deposit Insurance Corp (FDIC), to take control…
(Reuters) – Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements. Shares of the company were down 5% at 73 cents. They fell about 78% last year on high battery material costs and production concerns. Nikola has been trying to raise cash…
LONDON (Reuters) -The United States was put on review for a downgrade by credit rating agency DBRS Morningstar on Thursday over Washington’s debt ceiling haggling, shortly after a similar warning from Fitch. “The Under Review with Negative Implications reflects the risk of Congress failing to increase or suspend the debt ceiling in a timely manner,”…
LONDON (Reuters) – Transgender designer Erik Carnell has seen a surge in demand for his pins, prints, stickers and T-shirts after U.S. retailer Target Corp pulled his products amid a backlash by some customers to its Pride collection, he said on Thursday. Target’s Pride collection included more than 2,000 products from clothes and music to…
By James Oliphant (Reuters) -Florida Governor Ron DeSantis, who announced on Wednesday he is seeking the 2024 Republican presidential nomination, is likely to be former President Donald Trump’s top rival due to his budding national profile and fundraising acumen. Here are some facts about DeSantis’ life and political career. A LIFE IN PUBLIC SECTOR DeSantis,…
By Mimosa Spencer PARIS (Reuters) – Chanel sales in the United States, one of the luxury label’s top three markets, have slowed to a single-digit growth rate over the past six months, it said on Thursday, adding to evidence that the post-pandemic spending splurge in the country has tapered off. “Clearly the trend has softened…
