In a remarkable show of resilience, Canada Goose’s shares jumped nearly 20% in response to a fiscal fourth-quarter report that exceeded Wall Street’s expectations. This surge, which at one point reached an impressive 28%, reflects not only the company’s financial performance but also the unwavering consumer faith in a brand that stands for premium quality
Business
The recent announcement that Levi Strauss has agreed to sell its iconic Dockers brand to Authentic Brands Group (ABG) for $311 million marks a significant crossroads—not only for Levi’s but also for the fashion industry at large. While the sale reflects Levi’s strategic move towards direct-to-consumer models, it also signals troubling times for a brand
In a strikingly candid address, Jamie Dimon, the CEO of JPMorgan Chase, laid bare a grim outlook for the U.S. financial landscape during the bank’s recent investor day meeting in New York. While many are basking in an apparent economic resurgence, Dimon cautions that the turbulence created by soaring U.S. deficits, punitive trade tariffs, and
The recent announcement of the merger between Charter Communications and Cox Communications has raised significant eyebrows in the corporate and consumer landscape. Valued at an astounding $34.5 billion, this agreement represents not just a consolidation of corporate power in the telecommunications industry but also a troubling trend towards monopolization. With Charter already reigning as the
In a shocking turn of events, the American e-commerce landscape witnessed a jarring shift with Chinese e-tailer Temu’s implementation of exorbitant “import charges” that reach an astounding 145%. This seemingly innocuous adjustment covers seemingly straightforward customs processing costs but has decimated what was once a consumer haven for budget-friendly shopping. In just days, a summer
As we glide into 2025, the airline industry finds itself caught in a tense and turbulent climate. The once unshakeable confidence expressed by CEOs in the early days of this year has morphed into a dungeon of anxiety and caution. The warnings echoing from the mouths of leaders in aviation—especially American Airlines’ Robert Isom—are not
The rapid decline in consumer confidence is wreaking havoc on various industries, and business aviation is no exception. The fact that even affluent travelers are pulling back from making sizeable investments in private jets underscores a growing sense of uncertainty in the economy. According to a recent survey by Barclays involving business jet broker-dealers and
The ongoing trade war ignited by President Donald Trump’s administration has cast a shadow over American companies that depend on global supply chains for their survival. Among them is Hasbro, a titan in the toy industry. The company’s revelation that a staggering 145% tariff on imports from China could erode its profits by up to
The automotive sector in the United States finds itself in a precarious position thanks to the volatile tariff policies of the Trump administration. Recent reports suggest that President Trump is contemplating exemptions for certain automakers from tariffs on imported auto parts. While this may sound like a glimmer of hope for an industry staggering under
The American automotive industry, often perceived as a battleground of corporate rivalry, has unexpectedly banded together to challenge a looming government crisis: the proposed 25% tariffs on auto parts. In an unprecedented act of solidarity, six prominent policy groups have joined forces, warning that these tariffs could deliver a crushing blow to U.S. automotive production.