The U.S. economy likely added back the smallest number of jobs in seven months in November, as the labor market endured mounting pressure from the coronavirus pandemic while businesses wait for a vaccine to be distributed next year. The U.S. Department of Labor is set to release its monthly jobs report Friday morning at 8:30 a.m. ET. Here were the […]
Read moreSTEPPING IN: Bottega Veneta has a new global communications director in Caroline Deroche Pasquier. She quietly joined the Milan-based fashion house in October and will shuttle between that Italian city and London, where Bottega creative director Daniel Lee has a design studio. A seasoned communications executive, Deroche Pasquier was most recently chief marketing officer at Stella McCartney in London, and […]
Read more(Reuters) – The Nasdaq Composite hit an all-time high on Thursday as investors stayed focused on a COVID-19 vaccine and looked beyond bleak economic data, while Boeing Co lifted the Dow Jones Industrial Average.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoThe S&P 500 bounced […]
Read moreRyanair has ordered 75 new Boeing 737 MAX jets as the aircraft prepares for a return to the skies – and the Irish carrier sets its sights on a recovery in aviation next year. The airline announced the deal weeks after US regulators cleared the MAX to fly again following two deadly crashes, with European authorities signalling they would follow […]
Read moreShoppers with gift cards for Arcadia stores have been told they can only use them to pay for up to 50% of their purchases. It means that anyone wanting to use a £20 gift card in full at Topshop, for example, would have to make a purchase of £40. Sir Philip Green’s Arcadia empire, which also includes Topman, Burton, Dorothy […]
Read moreFILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) – The S&P 500 opened largely flat on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus countered worries about rising coronavirus cases and high unemployment. The S&P 500 opened lower by just […]
Read moreLands’ End, showing momentum despite the tough economic climate, doubled its net income in the third quarter to $7.2 million, or $0.22 per diluted share, compared to net income of $3.6 million, or $0.11 a share, in the year-ago quarter. The classic all-American brand said Thursday that its net revenue for the quarter ended Oct. 30 increased 5.9 percent to […]
Read more(Reuters) – Futures tied to the S&P 500 stalled near all-time highs on Thursday ahead of weekly jobless claims data and surveys on the services sector, which accounts for more than two-thirds of the U.S. economy.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoThe labor […]
Read moreABOARD THE WORLD DREAM, IN THE STRAIT OF MALACCA — The drinks were virgin and the distancing was social when the Dream Boys strippers stormed the stage. Masks at poolside were mandatory. Hand sanitizer stations stood within easy reach of the slot machines. And in a vision of the future of the global cruise industry, passengers aboard the World Dream […]
Read moreWASHINGTON — The House of Representatives passed legislation Wednesday that will increase oversight of Chinese companies listed on American stock markets, the latest attempt by the United States to scrutinize financial ties with China. The bill, called the Holding Foreign Companies Accountable Act, would require companies listed on American exchanges to disclose more information about any ties to foreign governments […]
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