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Shein exec says tariffs shouldn’t affect its cheap clothes — as long as they’re applied
A view of a Shein pop-up store at a mall in Singapore on April 4, 2024.Edgar Su | ReutersShein's ultracheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are "applied equally," the company's…
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.Cadillac expects to…
Goldman says it’s not too late to move out of cash to nab more yield. Here’s what it
It is not too late to start thinking about moving out of short-term cash instruments and into longer-duration bonds, according to Goldman Sachs Asset Management. Investors have been enjoying solid yields on their cash , although those…
Store closures hit highest level since pandemic — see who is shutting down the most
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty ImagesStore closures in the U.S. last year hit the highest level since the pandemic —…
Tesla starts sales of revamped Model Y in U.S. for about $60,000
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty ImagesTesla will start deliveries of…
The Federal Reserve is likely to hold interest rates steady next week. Here’s what that
The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite President Donald Trump's comments Thursday that he'll "demand that interest rates drop immediately."So far, the central…
Burberry’s quarterly sales dip less than expected following strategic overhaul
Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesBurberry on Friday reported a shallower-than-expected dip in…
Shares of cash-strapped Nikola nosedive on report of potential sale
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.Massimo Pinca | ReutersDETROIT — Shares of…
Here’s how climate change is reshaping home insurance costs in California — and the rest
Burned trees from the Palisades Fire and dust blown by winds are seen from Will Rogers State Park, with the City of Los Angeles in the background, in the Pacific Palisades neighborhood on Jan. 15, 2025 in Los Angeles, California.Apu…
Fanatics is opening first trading card store, in London, to give the sports collectibles
Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images)Justin Berl | Getty ImagesThe…