Fast-fashion retailer Shein swung to a $99 million net loss in the first quarter, according to its Hong Kong IPO prospectus. The filing blames slowing growth and rising costs on the removal of a key U.S. duty-free import exemption.
Fast-fashion giant Shein has filed for a Hong Kong IPO, with its draft prospectus showing a sharp 38.7% drop in 2025 net income despite revenue growth, a decline attributed to the removal of a key U.S. duty-free exemption.
Fears of U.S. institutional erosion are overstated, as constitutional checks and balances from the Supreme Court, Congress, and the Fed continue to constrain executive power, according to a new report from BCA Research.
Saudi Arabia's Tadawul All Share index ended Sunday's session down 0.34%, weighed down by broad-based losses in sectors including retail and energy amid falling global oil prices.
Companies with aggressive share repurchase programs have significantly underperformed the broader market since late 2022, as investors increasingly reward firms that reinvest capital into AI-driven growth, according to a new report from Barclays.
UniCredit CEO Andrea Orcel stated he expects to reach an agreement for the acquisition of Commerzbank, with formal negotiations set to restart after the German lender's upcoming earnings report.
Wall Street analysts are adjusting their views on key artificial intelligence stocks ahead of second-quarter earnings, with firms like Morgan Stanley and Mizuho naming Microsoft and Meta as top picks, while others caution on high valuations for names like Datadog.
A severe El Niño weather event is projected to cost affected African economies a combined $10 billion to $20 billion, potentially reducing GDP by 1-2%, according to a top climate official at the African Development Bank.
The long-held belief that carry trades consistently outperform in the summer months is largely a myth, according to Bank of America analysts. They argue that macroeconomic fundamentals, not the calendar, are the primary drivers of performance.
