Skip to main content

United StatesBreaking News

Bloomberg
Financial

Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations

Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior to the report.

Read more
Bloomberg
Financial

Container Shipping Companies Navigate Route Challenges

Lee Klaskow, Senior Logistics Analyst at Bloomberg Intelligence, discussed how container shipping companies are managing disruptions caused by route restrictions and geopolitical tensions. Despite only about a third of typical Suez Canal routes currently in use, companies remain confident that full utilization will resume over time, with alternative routes around Africa available if needed.

Read more
Bloomberg
Financial

Why Private Funds Make Ann Berry Nervous

Private-market investing is becoming more accessible, but Ann Berry,  Threadneedle Ventures Founder, is warning investors not to confuse accessibility with transparency. She joined Bloomberg Open Interest to explain why valuing private companies requires specialized expertise, why ordinary investors may struggle to assess the underlying businesses, and why these new publicly traded funds require extraordinary trust in their managers.

Read more
Bloomberg
Financial

Entry-Level, White-Collar Jobs to See 'Massive' AI Impact, Says Virginie Maisonneuve

The number of employers who expect entry-level workers to be AI-competent has nearly tripled since last fall, according to the National Association of Colleges and Employers. Workers' anxiety about AI has surged, along with demand for quick training programs. Virginie Maisonneuve, Founder at Maisonneuve Global Advisors, discusses inflation, rates, and the dual impact of AI on prices and the labor market.

Read more
Bloomberg
Financial

Liftoff CEO Bets Big on AI

Liftoff CEO Jeremy Bondy joined Bloomberg Open Interest to break down the mobile adtech company's first earnings report since going public, including 35% revenue growth. He explains how Liftoff's Cortex AI competes for advertising dollars, why existing customers are spending more and how AI could create a double growth opportunity across the mobile app economy.

Read more
Bloomberg
Financial

Birkenstock Rallies on Forecast; StubHub Falls on Earnings | Stock Movers

On this episode of Stock Movers: - StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate. - Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter. - Cerebras (CBRS) is lower after the company projected slower growth than some investors anticipated, causing its shares to fall in premarket trading.

Read more