People purchase beverages in a store on a sweltering afternoon in Brooklyn, New York, on the first day of summer on June 21, 2024.Spencer Platt | Getty ImagesThere could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.The...
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Levi’s shares drop 12% as jeans maker’s sales disappoint despite denim craze
Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra...
Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
GP: American flag and Chinese flagMatt Anderson Photography | Moment | Getty ImagesA recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment. The annual survey conducted by the China...
Ferrari CEO says all-electric model preserves the ’emotion’ of the famed supercars
Ferrari's all-electric model won't be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna."The final judge will be the client," Vigna told CNBC during the opening of the company's new E-Building in...
Top Wall Street analysts suggest these 3 dividend stocks for enhanced returns
Dividend-paying stocks can give investors an opportunity to cushion their portfolios from market volatility — and they can also enhance returns.Selecting the right dividend stocks is no easy feat for investors. Wall Street's best analysts have insight into companies' ability to provide attractive dividend yield and upside for the long...