By Anuja Bharat Mistry and Samantha Marshak (Reuters) -Coach parent Tapestry forecast annual profit below expectations due to rising tariffs, sending its shares plunging 14%, and said it planned to cut the number of handbag styles offered as retailers try to offset the impact of import duties. The company said tariffs imposed by President Donald Trump would cost it about $160 million for its ...
Investing.com -- Citigroup is looking into providing stablecoin custody and other services as major financial firms expand into cryptocurrency following policy changes in Washington, according to a report from Reuters. The U.S. bank joins other traditional institutions including Fiserv and Bank of America that are considering moves into stablecoins after Congress passed legislation enabling these ...
By Lucila Sigal BUENOS AIRES (Reuters) -The joint operators of Argentina’s Veladero gold mine, {{30374|Barrick Gold}} and Shandong Gold, are seeking to add a $400 million project to a new government regime designed to attract large investments. WHY IT’S IMPORTANT The project, submitted to Argentina’s Large Investment Incentive Scheme (RIGI), aims to boost the mine’s output by 1.6 million o ...
Investing.com -- Opendoor Technologies Inc. shares surged as much as 22% Thursday after two hedge funds revealed significant new stakes in the digital real estate company. Regulatory filings show Qube Research & Technologies purchased 12.5 million shares valued at $30.3 million during the second quarter. In the same period, Weiss Asset Management acquired 9.61 million shares worth $24 million. ...