Columbia sportswear unveils a new shoe collection with Zedd, a DJ and music producer. Source: Columbia Sportswear Co. Representatives from VF Corporation, Columbia Sportswear, Nester Hosiery, and NEMO Equipment met with lawmakers on Capitol Hill this week, letting them know just how hard the U.S.-China trade war is hitting their […]
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WeWork’s valuation could fall to below $15 billion in IPO, down from $47 billion private valuation
Adam Neumann, co-founder and chief executive officer of WeWork, speaks during a signing ceremony at WeWork Weihai Road flagship on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via […]
Here are the retirement destinations with the best weather
Jens Karlsson | Flickr | Getty Images Many people nearing retirement and craving warmth think of Florida. Yet some destinations offer even more idyllic weather — if you’re willing to look beyond the U.S. A new report by International Living, a guide to retirement abroad, ranks destinations where you might […]
PG&E reaches $11 billion settlement relating to wildfire claims
An aerial view of homes destroyed by the Camp Fire on February 11, 2019 in Paradise, California. Justin Sullivan | Getty Images News | Getty Images Shares of power producer PG&E were up 10% Friday after the company said it has reached an $11 billion settlement agreement with entities representing […]
House committee asks Facebook, Amazon, Apple and Alphabet to turn over documents in antitrust probe
Chairman of the House Judiciary Committee Rep. Jerry Nadler (D-NY) questions former Special Counsel Robert Mueller as he testifies about his report on Russian interference in the 2016 presidential election in the Rayburn House Office Building July 24, 2019 in Washington, DC. Win McNamee | Getty Images Leaders of the […]
Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside
Goldman Sachs just significantly slashed its price target for Apple, predicting 26% downside to the shares because of a “material negative impact” on earnings for the accounting method the iPhone maker will use for an Apple TV+ trial. “We believe that Apple plans to account for its 1-year trial for […]
Real estate executive Geoffrey Palmer expected to host Trump fundraiser in Beverly Hills
President Donald Trump speaks at the 38th Annual National Peace Officers Memorial Service on Capitol Hill in Washington, May 15, 2019. Carlos Barria | Reuters President Donald Trump is turning to an old ally as he prepares for a fundraiser later this month in Beverly Hills. Trump and members of […]
China adds US agricultural products to tariff exemptions ahead of trade talks
Chinese President Xi Jinping shakes hands with President Donald Trump before a bilateral meeting during the G20 Summit on June 29, 2019 in Osaka, Japan. China News Service | Getty Images China plans to exclude American farm goods, including soybeans, from tariffs in the latest move to ease trade tensions […]
WeWork is reportedly considering curbing its founder’s voting power to save the IPO
WeWork CEO Adam Neumann with wife and founding partner Rebekah Neumann. WeWork owner The We Company’s executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday. […]
Dow notches 8-day winning streak, nears record on growing optimism around US-China trade
The Dow Jones Industrial Average rose on Friday, posting its first eight-day winning streak in more than a year, amid improving sentiment around U.S.-China trade relations. The 30-stock index closed 37.07 points higher, or 0.1% at 27,219.52. The S&P 500 and Nasdaq Composite struggled, however. The S&P 500 slipped 0.1% […]