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Tapestry forecasts strong annual profit as Coach draws young shoppers

Tapestry forecasts strong annual profit as Coach draws young shoppers

Aug 13 (Reuters) - Tapestry beat Wall Street estimates for quarterly profit and issued an upbeat annual earnings forecast on Thursday, betting on resilient demand from affluent and young shoppers for its Coach handbags.
Reuters Reuters
Tapestry forecasts weak annual sales as Kate Spade struggles, shares tumble

Tapestry forecasts weak annual sales as Kate Spade struggles, shares tumble

By Anuja Bharat Mistry Aug 13 (Reuters) - Tapestry forecast sluggish annual revenue growth on Thursday, overshadowing its better-than-expected quarterly profit, highlighting the persistent weakness at Kate Spade and cautious spending in North America.
Reuters Reuters
S&P 500 hits record high as rate-hike worries ease

S&P 500 hits record high as rate-hike worries ease

By Noel Randewich and Avinash P Aug 13 (Reuters) - The S&P 500 climbed to a record high on Thursday, fueled by advances in Sandisk and other heavyweight technology stocks, as tame producer price inflation data supported expectations the Federal Reserve will not raise interest rates at its September
Reuters Reuters
Tapestry forecasts weak annual sales amid Kate Spade struggles, shares tumble

Tapestry forecasts weak annual sales amid Kate Spade struggles, shares tumble

By Anuja Bharat Mistry Aug 13 (Reuters) - Tapestry forecast sluggish annual revenue growth on Thursday, overshadowing its better-than-expected quarterly profit, as weakness at Kate Spade and cautious spending in North America fueled concerns about momentum beyond its Coach brand.
Reuters Reuters
S&P 500 notches record-high close as rate-hike worries ease

S&P 500 notches record-high close as rate-hike worries ease

By Noel Randewich and Avinash P Aug 13 (Reuters) - The S&P 500 notched a record-high close on Thursday, fueled by advances in Sandisk and other heavyweight technology stocks, as tame producer price inflation data supported expectations the Federal Reserve will not raise interest rates at its
USA Today USA Today
Shake Shack opening 11 new locations in these states in August

Shake Shack opening 11 new locations in these states in August

Shake Shack said it plans to open 11 new locations in these states and cities in August. See where new restaurants are coming this month.
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Moog Inc. Seeks Public Relations Manager to Enhance Media Presence

Moog Inc. Seeks Public Relations Manager to Enhance Media Presence

Moog Inc. Seeks Public Relations Manager to Enhance Media Presence
Rolling Stone Rolling Stone
Romeo Santos Sues Accounting Firm for $2.3 Million Over Alleged Tax Errors, Mismanagement

Romeo Santos Sues Accounting Firm for $2.3 Million Over Alleged Tax Errors, Mismanagement

The Latin superstar claims the firm filed “incoherent” tax documents, missed deadlines, and failed to invest his money or fund his retirement account
Reuters Reuters
Londian Wason valued at $2 billion, biggest Chinese debut in New York in over a year

Londian Wason valued at $2 billion, biggest Chinese debut in New York in over a year

By Pragyan Kalita and Prakhar Srivastava Aug 12 (Reuters) - Copper foil maker Londian Wason New Energy Tech was valued at $2.01 billion in its New York Stock Exchange debut on Wednesday, marking the largest IPO of a Chinese company in the U.S. in more than a year.
Variety Variety
China’s Tencent Music Reports $1.32 Billion in Q2 Revenue as Ximalaya Integration Marks New Audio Push

China’s Tencent Music Reports $1.32 Billion in Q2 Revenue as Ximalaya Integration Marks New Audio Push

China’s Tencent Music Entertainment Group posted total revenues of RMB8.93 billion ($1.32 billion) for the second quarter of 2026 – a 5.8% year-over-year gain – as its music services arm delivered double-digit growth and the newly integrated Ximalaya platform began contributing to the bottom line. Music-related services revenues reached $1.12 billion, up 11% year-over-year, with […]
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Bill Lerner Expands iPark's Reach with Strategic Growth and Technological Integration

Bill Lerner Expands iPark's Reach with Strategic Growth and Technological Integration

Bill Lerner Expands iPark's Reach with Strategic Growth and Technological Integration
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Plug Power Faces Financial Challenges Amid Stock Decline

Plug Power Faces Financial Challenges Amid Stock Decline

Plug Power Faces Financial Challenges Amid Stock Decline