Economy

Michael Kors parent expects sales growth as luxury demand rebounds

Capri Holdings Ltd (CPRI.N) on Wednesday forecast annual revenue and profit above Wall Street expectations, betting on shoppers returning to stores in the United States following speedy vaccinations and pent-up demand for luxury goods in Europe.

Bitter shareholder battle for Exxon’s future nears climax

Exxon Mobil Corp’s (XOM.N) bid to stave off a tiny activist fund challenging its board and response to growing climate concerns is too close to call just hours before the oil giant’s annual meeting, people familiar with the matter said.

Futures gain as Fed calms inflation worries

U.S. stock index futures rose on Wednesday after remarks from Federal Reserve officials helped calm inflation worries, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.

U.S. business borrowings jump 19% in April – ELFA survey

U.S. companies borrowed $9.8 billion for capital investments in April, up 19% from a year earlier, benefiting from an economic recovery triggered by mass COVID-19 vaccinations and easing restrictions, the Equipment Leasing and Finance Association (ELFA) said.

Michael Kors parent expects sales growth as luxury demand rebounds

Capri Holdings Ltd (CPRI.N) on Wednesday forecast annual revenue and profit above Wall Street expectations, betting on shoppers returning to stores in the United States following speedy vaccinations and pent-up demand for luxury goods in Europe.

Bitter shareholder battle for Exxon’s future nears climax

Exxon Mobil Corp’s (XOM.N) bid to stave off a tiny activist fund challenging its board and response to growing climate concerns is too close to call just hours before the oil giant’s annual meeting, people familiar with the matter said.

Futures gain as Fed calms inflation worries

U.S. stock index futures rose on Wednesday after remarks from Federal Reserve officials helped calm inflation worries, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.

U.S. business borrowings jump 19% in April – ELFA survey

U.S. companies borrowed $9.8 billion for capital investments in April, up 19% from a year earlier, benefiting from an economic recovery triggered by mass COVID-19 vaccinations and easing restrictions, the Equipment Leasing and Finance Association (ELFA) said.

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