Levi Strauss’ shares tumbled more than 15% in premarket trade on Thursday after weakness in the denim maker’s U.S. wholesale business led to downbeat second-quarter revenue.
Brazil’s central bank bumped up its 2024 economic growth forecast to 2.3% from the 1.9% predicted in March, according to its quarterly inflation report released on Thursday.
Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia’s small but rapidly expanding electric vehicle (EV) sector.
Walgreens Boots Alliance on Thursday cut its profit forecast for fiscal year 2024 and said it would close more underperforming U.S. stores as weak consumer spending hurts its retail operations.
A few camouflaged Audis arrived secretly from Germany early this year at a facility of electric vehicle maker Rivian in California, where some 30 engineers stripped the electronics and fitted them with the U.S. startup’s harnesses and modules.
China hopes negotiations will lead to a “mutually acceptable solution” with the European Union on preliminary tariffs on Chinese electric vehicles scheduled to take effect on July 4, its commerce ministry said on Thursday.
The U.S. Treasury and the U.S. Agency for International Development are calling leaders of multilateral development banks into an urgent meeting on extreme heat and its devastating impact on developing countries, according to Treasury officials.
Investors watching the first live debate of the 2024 election race on Thursday hope to hear U.S. President Joe Biden and his predecessor Donald Trump argue thoughtful positions on fiscal policy, tariffs and taxes, while closely monitoring their mental acuity.
Taylor Swift is taking Europe by storm, prompting some pundits to envisage an economic windfall as fans flock to dozens of sold-out shows from Dublin to Vienna and beyond.
