Todd Kahn, CEO and brand president of Coach, discusses the brand's growth, attributing much of its recent success to a strategic focus on Gen Z consumers. He speaks with Romaine Bostick and Katie Greifeld on "The Close." ...

Cathie Wood didn’t hesitate when tech investors started flinching. On Feb. 17, ARK’s daily disclosures showed buys of $8 million in Broadcom (AVGO) and about $6 million in Advanced Micro Devices (AMD). That’s a massive $14 million combined push into two of the biggest AI infrastructure giants, just days after a steep risk-off stretch rattling the broader market. The buy-the-dip moment from Wood comes at a time when confidence in AI is wobbling. The S&P 500 is down 2% over the past couple of weeks, Barron ...

The S&P 500 delivered strong returns for investors over the past three years as they piled into growth stocks in a number of fields, from technology to biotech and consumer goods. And they took a particular interest in players involved in artificial intelligence (AI), seeing this area as the next big thing. This bet has been a successful one for many, as certain AI companies have already generated fantastic revenue growth and stock performance. But, in recent weeks, the stock market has faced a variety o ...

We are doing exactly what we committed to do—simplifying the business and bringing down debt levels—and I am really pleased with the progress to date. With the transaction complete, only minimal separation activities remain; the team is fully re-centered on strengthening the Jack in the Box Inc. brand and executing the remaining elements of our Jack on Track plan. As we entered 2026, Jack in the Box Inc. proudly marked its 75th anniversary, a milestone few brands reach. The response to our anniversary activ ...

NEW YORK (AP) — Online seller eBay wants a bigger share of the Gen Z market. The online seller has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2 billion in cash, the companies said Wednesday. The deal comes at a time when used clothing has become increasingly popular, sought out by shoppers searching for unique items that cost less than new ones and keep the old stuff from heading to the landfill. In a statement, eBay's CEO Jamie Ianonne said that the acquisition is a ...

Glenn Fogel: Adjusted EBITDA reached $2,200,000,000. Up 19% from the prior year quarter. Finally, adjusted earnings per share grew 17% year over year. Consistent with our prior earnings guidance, I want to note that FX benefited our fourth quarter growth rates by approximately 500 basis points. For the full year, top line growth metrics are strong with room nights of more than 1,200,000,000, an 8% increase year over year. And gross bookings and revenue growth up 12–13%, respectively. We achieved these top l ...

EBay Inc. has agreed to acquire Depop — a consumer-to-consumer fashion marketplace with re-commerce roots and a Gen Z and Millennial customer base — for approximately $1.2 billion in cash. The agreement, reached with Etsy Inc., which owns Depop, was announced Wednesday and is subject to certain purchase price adjustments. More from WWD Depop is a mobile-first, community-powered fashion marketplace for secondhand fashion with annual gross merchandise volume of approximately $1 billion last year. The comp ...

Corn futures managed to hold onto some strength on Wednesday, as contracts closed fractionally to a penny higher. The CmdtyView national average Cash Corn price was up ½ cent to $3.94 1/2. USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead of the release, a Bloomberg survey of analysts is calling for corn acreage to drop 3.8 million acres from last year to 95 million acres. Corn production is estimated to total 15.936 bbu, which would be a drop of ...

Cotton futures closed the Wednesday session with contracts 3 to 12 points higher. Crude oil futures were up $2.74 per barrel on the day at $65.07. The US dollar index was up $0.570 to $97.630. USDA’s Ag Outlook Forum will release initial balance sheet estimates on Thursday, with a Bloomberg survey of analysts looking for 9.2 million acres of cotton to be planted this spring, down 9.3 million acres last year. Production is seen down 430,000 bales to 13.49 million bales. More News from Barchart The Seam ...

The magnitude of Hapag-Lloyd’s premium serves as a warning shot to the broader logistics sector. Major carriers are rushing to consolidate capacity and acquire quality assets before the industry faces a potential cyclical downturn. ZIM’s recent financial reports illustrate this cooling environment: revenue dropped 36% year-over-year in the third quarter of 2025. Yet, despite shrinking revenues, the company commanded a massive buyout premium.However, investors should see this deal as more than a merger; it i ...