June 3, 2022 10:27 am
Lululemon Athletica Inc (LULU) on Thursday revised up its full-year revenue and profit forecasts, as it cited robust athleisure demand. It also said the impact from China’s pandemic-related lockdowns on its stores was modest and more than offset by strong performance in other regions. Similar to other companies, Lululemon has been increasing prices on certain […]
Read moreJune 2, 2022 10:12 am
Capri Holdings Ltd (CPRI) on Wednesday revised up its full-year profit forecast, as it signaled strong demand for its Michael Kors handbags and Versace dresses. Total revenue went up 24.6% year-on-year to $1.49 billion during the fourth quarter ended on April 2nd, while outstripping a consensus of analyst estimates of $1.41 billion. Revenue at Capri’s […]
Read moreJune 2, 2022 8:32 am
Futures on US West Texas Intermediate Crude Oil retreated more than 2% on Thursday, as investors took profits following a recent rally, while speculation emerged that Saudi Arabia might step up oil production in response to calls from the United States. “Investors unwound long positions to wait and see whether Saudi Arabia would raise production […]
Read moreJune 1, 2022 9:07 am
Panasonic Holdings Corp (6752) said on Wednesday that it expected car production worldwide to recover during the current fiscal year. Still, the company, which makes batteries for Tesla, expects the two-year long chip crunch to continue. “We will be running our business as we consider risks of fluctuations on vehicle production,” Masashi Nagayasu, the Chief […]
Read moreJune 1, 2022 7:24 am
Sprott Inc (SII) said on Tuesday that its board of directors had appointed Whitney George as the company’s next Chief Executive Officer, effective June 30th. At present being Sprott Inc’s President, George will take over from Peter Grosskopf, who will focus full time on his roles as Chief Executive Officer of Sprott Capital Partners and […]
Read moreMay 31, 2022 10:32 am
During a Star Wars Celebration event last week, Respawn Entertainment, Electronic Arts and Lucasfilm Games revealed “Star Wars Jedi: Survivor”, the next chapter of the acclaimed action-adventure series that will focus on the journey of Jedi Cal Kestis. Developed by the veteran team at Respawn led by game director Stig Asmussen, Star Wars Jedi: Survivor […]
Read moreMay 31, 2022 8:13 am
EUR/USD eased from a fresh one-month high on Tuesday, but was on track for its best monthly performance since April 2021 ahead of the key Euro Area CPI inflation data, scheduled to be released at 9:00 GMT. A consensus of analyst estimates points to a 7.7% annual increase in Euro Area consumer prices in May, […]
Read moreMay 30, 2022 10:31 am
easyJet (EZJ) said over the weekend that it would cancel more than 200 flights over the next 10 days because of airport delays and other restrictions. The air carrier said it would cancel about 24 flights per day from London’s Gatwick Airport between May 28th and June 6th. Last Thursday the airline was forced to […]
Read moreMay 30, 2022 8:57 am
Having slipped to a one-month trough last week, USD/JPY remained relatively stable just above the 127.00 mark on Monday, as investors have scaled back bets that US monetary policy tightening will trigger more dollar gains, while global recession concerns have eased a bit. US stock and bond markets will remain closed on Monday for the […]
Read moreMay 27, 2022 10:16 am
Toyota Motor Corp (7203) on Friday revised down its global production plan for June for the second time this week. The Japanese auto maker cut the planned production by about 50,000 vehicles to 800,000 units, as it cited the impact of the Shanghai lockdown. The company said that operations at some of its facilities across […]
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