Zalando Plunges After Cutting Guidance on Worsening Economy
Zalando SE shares tumbled the most in more than three years after Europe's largest online retailer slashed its profit forecast, blaming worse-than-anticipated macroeconomic conditions.
Read more at Bloomberg
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Zalando acquires Highsnobiety Zalando - Highsnobiety.
The acquisition will allow Zalando to accelerate its ambition to become the main ecommerce destination for younger consumers seeking streetwear and luxury brands. Highsnobiety will act as a strategic and creative consultant to Zalando, retaining its ...
Read more at Drapers
Zalando takes control of Highsnobiety Zalando - Highsnobiety.
Berlin-based online fashion platform Zalando has acquired Highsnobiety, a daily news website covering luxury lifestyles. Zalando says Highsnobiety will work as a strategic and creative adviser to enhance the company's storytelling and assortment ...
Read more at Inside Retail
Next holds annual guidance after Q1 store sales soar Shell plc - Earnings - 2022.
UK retailer Next maintained annual guidance after first-quarter sales rose on the back of store re-openings as Covid restrictions eased.
Read more at ShareCast
DraftKings Stock Rises After Raising 2022 Revenue Guidance DraftKings - Revenue - Earnings.
Shares of DraftKings are up 5% premarket after it reported first-quarter earnings and raised 2022 revenue guidance.
Read more at AskTraders
Futures slide after Musk's warning on economy Elon Musk - Tesla, Inc..
U.S. stock index futures fell on Friday, after Tesla CEO Elon Musk said he had a "super bad feeling" about the economy, fueling fresh worries that aggressive policy tightening by the Federal Reserve could tip the economy into a recession.
Read more at Reuters
Zalando buys online magazine Highsnobiety Zalando - Highsnobiety.
Zalando has bought a majority stake in fashion publication Highsnobiety as it aims to bring content and commerce together.
Read more at Retail Gazette
News in business Category
Norway strikes threaten to cut off gas supplies to UK within days Norway - Strike action - Natural gas - Petroleum industry.
Equinor, Norway's state-backed energy company, has already shut down three oil and gasfields since strikes began on Monday evening over pay claims seeking to compensate for rising inflation, in a move that helped propel European gas ...
Read more at Financial Times
Staff at Britain's CrossCountry railway vote to strike over pay Strike action - United Kingdom - R M T - National Union of Rail, Maritime and Transport Workers.
Staff at a British railway operator have voted to strike over pay, a transport union said on Tuesday, in the nation's latest labour dispute that could spell more disruption for transport services.
Read more at Reuters
Why Are Chip Stocks Down Today? Integrated circuit - Semiconductor - Stock - TSMC.
Chipmakers are continuing to fall after Friday's widespread drop. Demand for semiconductors has plummeted this year as inflation and uncertainty eats away at the high-growth industry. Chips were a hot commodity through much of the pandemic, ...
Read more at Investorplace.com
UK tax authorities seek public consultation on DeFi tax treatment Cryptocurrency - Finance - Government - Proof of stake.
HMRC seeks to enhance the competitiveness of crypto-asset taxation by calling on the input of DeFi stakeholders.
Read more at CryptoSlate
Union County man wins $150K playing $5 lottery scratch-off ticket Lottery - Sandwell District - Union County - Scratchcard.
The Mystery Prize Cashword game debuted in September with six top prizes of $150000.
Read more at WBTV
Royal Mail cost-cutting sparks strike action Strike action - Royal Mail - Management - Wage.
Read more at Investors Chronicle
Gas consumption set to contract due to Russia: IEA Natural gas - International Energy Agency - Russia - Demand.
Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth over coming years as consumers switch to alternatives, the International Energy Agency said on Tuesday. The IEA chopped its forecast ...
Read more at Arab News
Valuations on Chip Stocks are Low, but Demand Concerns Keep Buyers Away Integrated circuit - Semiconductor - Stock - TSMC.
Semiconductor stocks are trading at reasonable valuations, but investors remain wary of owning chip stocks on concerns the global economy is weakening. As a result, semiconductor chip stocks are the worst-performing group in the S&P 500 this year, ...
Read more at Barchart.com
