Panic selling

Share to Twitter Share to Linkedin Ahead of Pride Month, Target has announced new collaborations with two LGBTQ+ clothing designers. The brands TomboyX and Humankind will both bring queer-friendly, limited-edition options to Target’s shelves. LGBTQ+ people deserve a wider selection of underwear and swimsuits. Most clothing brands create underwear and swimwear in distinct “male” and “female” categories. For example, swimsuits are often limited to board shorts marketed to men, while bikinis or form-fitting one-pieces are marketed to women. TomboyX makes underwear that are comfortable for people of any and all genders. Humankind sells swimwear like swim shirts and board shorts. Both of these brands help LGBTQ+ customers feel more comfortable in their own skin. Customers can find TomboyX clothing online and in some stores throughout May. Target plans to start sell Humankind garments on May 25th. What can shoppers expect from these … [Read more...] about For Pride Month, Target is Selling Compression Tops And Packing Underwear

Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that’s now valued at $3.8 billion . advertisement advertisement The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes … [Read more...] about Nike is suing StockX for allegedly selling counterfeit shoes. What happens next?

Firefighters work at a site of a power substation hit by a missile strike, as Russia's attack on Ukraine continues. (Image credit: Reuters) Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are likely to stir concerns that Russian firms and institutions are snapping up prized assets for a bargain. Below is a list of firms by sector that have secured deals to sell their businesses in Russia: AUTOMAKERS INCHCAPE Close The British car distributor said it had agreed to sell its Russian business to local management. The sale will result in an exceptional non-cash loss before tax of about 240 million pounds ($294 million). RENAULT The French carmaker said on May 16 it will sell its majority stake … [Read more...] about Factbox-Companies sell their businesses in Russia

Lincoln Mitchell ( @LincolnMitchell ) teaches in the School of International and Public Affairs at Columbia University. His most recent book is "The Giants and Their City: Major League Baseball in San Francisco, 1976-1992." The opinions expressed here are his own. View more opinion at CNN. Tbilisi, Georgia (CNN) Upon arriving in Tbilisi, Georgia's capital, for the first time since the pandemic began, I dropped my bag off at my Airbnb, strolled out and noticed the words "F**k Putin" graffitied in English on my building. A few meters away, a similar sentiment was scrawled in Russian and not far from that, my friend pointed to the same phrase painted on the wall in Georgia's distinctive alphabet . Lincoln Mitchell This is a country where anti-Russia sentiment runs very strong today and signs of support for Ukraine are everywhere. On Rustaveli Avenue, Tbilisi's picturesque and bustling main drag, elderly women sat selling pins, flags, wristbands and other … [Read more...] about Opinion: Why Putin puts his neighbor Georgia on edge

U.S. equity markets are mixed following strong earnings from Amazon.com, Inc. ( AMZN ) that lifted the Nasdaq while a blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Key Takeaways Tech shares are rising, boosted by Amazon and Snap, as the Nasdaq aims for its first weekly gain this year. A blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Crude oil's price surge continued, with the price crossing $93 per barrel. The Nasdaq , helped by Snap Inc. ( SNAP ) and Amazon, is set for its first weekly close higher this year. The S&P 500 is also higher, while the Dow Jones is little changed. The yield on the 10-year Treasury note is skyrocketing nine basis points (BPS) to 1.92% after the Labor Department reported that many more jobs were created in January than expected (more below). That's prompting speculation that … [Read more...] about Markets Mixed as Amazon, Snap Fuel Tech, Dow Drops on Rate Worries

As one of the larger companies of the consumer discretionary sector, The Coca-Cola Company ( KO ) shares have enjoyed a relative upward trend since the beginning of 2022 as investors appear to be bracing for potential interest rate hikes. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter. Analysts expect the company to announce $0.41 in earnings per share (EPS) and $8.93 billion in revenue. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days. Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if … [Read more...] about Can Coca-Cola (KO) Keep Up the Trend?

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months

U.S. stock futures are moving higher, led by technology shares on the Nasdaq exchange, after another volatile day of trading ahead of an announcement from Federal Reserve policymakers about the future of monetary policy . Key Takeaways U.S. stock futures are moving sharply higher, led by technology shares on the Nasdaq exchange. Traders are awaiting a 2 p.m. Eastern time announcement from Federal Reserve policymakers about the future of monetary policy. Cryptocurrencies' rally continued. Oil again marched higher, and the dollar strengthened against the euro. Bond yields fell. Microsoft Corporation ( MSFT ) helped lead tech shares higher after reporting fiscal second quarter results that beat expectations while forecasting better-than-expected quarterly sales for the current quarter. Tesla, Inc. ( TSLA ), scheduled to report earnings after markets close today, is also gaining. The Dow Jones Industrial Average (DJIA) was down more than 800 points … [Read more...] about Stocks Gain as Tech Rallies and Investors Await Fed Rate Decision

U.S. equity markets are falling, with the Nasdaq sinking deeper into correction territory as shares of streaming service providers drop. Key Takeaways U.S. equity markets are falling, on their way to further weekly declines, as the Nasdaq sinks deeper into correction territory. Shares of streaming service providers are dropping after Netflix reported slowing subscriber growth. Crude oil futures are falling for a second day. The yield on the 10-year Treasury note is sinking, now at 1.76%. Netflix, Inc. ( NFLX ) is the worst-performing stock in the S&P 500, with shares plunging on its slowing subscriber growth. The news is dragging down shares of The Walt Disney Company ( DIS ) and others in the online entertainment sector. Shares of smaller banks are continuing their week-long decline, led by Huntington Bancshares Incorporated ( HBAN ) following its earnings report. Shares of Intel Corporation ( INTC ) and other semiconductor companies are higher on … [Read more...] about Nasdaq Correction Deepens as Stocks Slide on Rate Concerns