Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales to decline between 1% and 2%, well...
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points...
Three key takeaways from Robert F. Kennedy Jr.’s Senate confirmation hearing
Robert F. Kennedy Jr., President Donald Trump's controversial pick to lead the Department of Health and Human Services, testified Wednesday before a crucial Senate panel, where he faced questions about past vaccine skepticism, his evolving views on abortion and grasp on sprawling federal health programs. Kennedy, 71, appeared first...
The Fed meets for the first time since Trump’s term started. Here’s what to expect
The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he wants lower interest rates. If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants,...