Burberry’s rebound stalls after disruption in China
Shares in the company fell as much as 10% in early Thursday trading, giving up the gains they have made since mid-October after it reported flat like-for-like second-quarter store sales…
Beyond Meat shares fall as Wall Street appetite fades on forecast
Shares of Beyond Meat (BYND.O) slumped 19% on Thursday after the faux meat maker signaled slowing demand at restaurants and grocers with a weak sales forecast, raising questions on whether…
South Korea tests system for controlling air taxis
South Korea demonstrated a system for controlling urban air mobility vehicles (UAM) on Thursday, which it hopes will serve as taxis between major airports and downtown Seoul as soon as…
OPEC says high prices to dampen pace of oil demand recovery
The Organization of the Petroleum Exporting Countries in a monthly report also raised its supply forecast from U.S. shale producers next year, a potential headwind to the efforts of the…
Tapestry eases concerns of Coach handbag shortages, raises annual estimates
Tapestry Inc (TPR.N) expects to have plenty of its luxury Coach handbags on store shelves during the holiday season despite supply chain snags, allowing it to boost its annual sales…
Commercial EV startup ELMS cuts 2021 production plans, citing supply-chain constraints
U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) (ELMS.O) on Wednesday cut its target for the number of electric delivery vans it will build this year, citing…
Didi prepares to relaunch apps in China, anticipates data probe will end soon
Didi Global (DIDI.N) is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing’s cybersecurity investigation into the company will…