Levi Strauss forecast annual sales and profit below Wall Street expectations on Thursday and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business. Levi attributed the weak forecast to plans to exit its Denizen brand and cut back on off-price sales,…
JERUSALEM — Two missiles apparently targeting a ship off Yemen exploded Friday, though they caused no damage or injuries, the British military said. The British military’s United Kingdom Maritime Operations, which oversees Mideast waterways, said the attack happened southwest of the Yemeni city of Aden, in the Gulf of Aden. No group immediately claimed responsibility….
Edward E. Crutchfield, a banker who grew a small North Carolina bank into one of the nation’s largest through a deal-making spree that earned him the nickname “Fast Eddie” and helped establish Charlotte as a national financial hub, died on Jan. 2 at his home in Vero Beach, Fla. He was 82. His death was…
There’s a shift underway in Asia that’s reverberating through global financial markets. Japan’s stock market, overlooked by investors for decades, is making a furious comeback. The benchmark Nikkei 225 index is edging closer to the record it set on Dec. 29, 1989, which effectively marked the peak of Japan’s economic ascendancy before a collapse that…
On the Saturday before Thanksgiving, thousands of people filed into a dated convention center near O’Hare Airport to participate in the very American pastime of buying and selling sports trading cards. The Chicago Sports Spectacular, one of the country’s biggest and oldest card shows, is like a rummage sale from the days before eBay, but…
For more than a decade, the pioneers of the cryptocurrency industry envisioned digital coins as an alternate branch of finance, a renegade sector that would operate outside the reach of big banks and government regulators. But as digital currencies like Bitcoin and Ether became more mainstream, the crypto industry collided with a 1946 Supreme Court…
Shares of Tesla tumbled at the opening bell Thursday as the electric vehicle, solar panel and battery maker warned investors of slower sales growth this year after posting fourth-quarter results that were weaker than most had expected. In a letter to shareholders released Wednesday, Tesla warned that sales growth this year may be “notably lower”…
Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise, but the new choices opening up to consumers and app developers will only be available within Europe to start. The announcement Thursday comes as Apple moves to comply with upcoming European regulations…
LOS ANGELES — The estate of George Carlin has filed a lawsuit against the media company behind a fake hourlong comedy special that purportedly uses artificial intelligence to recreate the late standup comic’s style and material. The lawsuit filed in federal court in Los Angeles on Thursday asks that a judge order the podcast outlet,…
NEW ORLEANS — A group of federal appeals court judges in New Orleans is deciding whether a 2018 Twitter post by Tesla CEO Elon Musk unlawfully threatened Tesla employees with the loss of stock options if they decided to be represented by a union. The National Labor Relations Board said it was an illegal threat….
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