JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale
Shares of Chinese e-commerce giant JD.com plunged 10% on Wednesday in Hong Kong after U.S. retailer Walmart confirmed it will…
Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets
The Olympic Games are causing a surge in prices, but French consumers aren’t likely to feel its pinch. Mega events…
JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm…
Boar’s Head recall expands to include 7 million pounds of deli meat over listeria concerns
A recall of Boar’s Head products has expanded to include a whopping 7 million additional pounds of deli and poultry…
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later” industry, a government…
Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Leading nonalcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round…
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are…
The low-end consumer ‘is really being stretched,’ says Five Below CEO
While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some…
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including…
Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…
