Shares of Steven Madden Ltd. fell in pre-market trading after the company posted third quarter results that reflected a miss on Wall Street’s revenue estimate. The shares were down 1.31 percent to $32.41. More from WWD “As anticipated, the third quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States,” Madden’s chairman and CEO Edward Rosenfeld said in a statement. He noted that consumers responded favorably to the firm’s fall assortments, particular ...

Core Insights - Shopify's stock surged 17% in October due to improved market sentiment regarding tariffs and a strong third-quarter earnings report, although the market reaction was muted [1][4][7] Company Overview - Shopify is evolving from a provider of e-commerce websites for small businesses to a comprehensive commerce platform, offering a wide range of financial and operational management services for retailers [3] - The company is increasingly focusing on serving large enterprise customers, with notable additions like e.l.f. Beauty and Estee Lauder in its client roster [6] Financial Performance - In the third quarter, Shopify reported a 32% year-over-year increase in revenue, a 20% rise in free cash flow with an 18% margin, and a 21% increase in operating income with a 12% margin [5] - Despite strong revenue growth, the gross margin slightly declined year-over-year, attributed to a higher mix of lower-margin merchant solutions revenue [5][8] Market Sentiment - The stabilization of tariff situations has led to a more optimistic market outlook for Shopify and similar companies [4] - However, the market was disappointed with Shopify's earnings due to expectations for better margins, leading to a decline in stock price post-earnings report [7][8]

It appears President Trump was up late last night watching election results. In a flurry of rambling social media posts, he weighed in on why Republicans lost across the board. Just after 10 p.m. Eastern, Trump offered this excuse for the sweeping nationwide GOP losses, writing, quote, "Trump wasn't on the ballot and shutdown were the two reasons that Republicans lost elections tonight. " About an hour later, he posted again calling for the passage of so-called voter reform, pushing for voter ID laws, endin ...

Core Insights - Matson, the largest U.S. ocean container carrier, experienced a stock increase due to improved shipping prospects from China, despite reporting lower earnings in Q4 [1][2] - The company reported a net income of $134.7 million, or $4.24 per diluted share, down from $199.1 million, or $5.89 per diluted share, year-over-year [1] - Consolidated revenue for the quarter was $880.1 million, a decrease from $962 million in the previous quarter [1] Financial Performance - Operating income fell to $147.4 million from $226.9 million a year ago, with margins decreasing from 28.4% to 20.5% [3] - Logistics operating income declined year-over-year primarily due to reduced contributions from freight forwarding, transportation brokerage, and supply chain management [3] Market Trends - Domestic volumes for Hawaii increased by 0.3% and for Alaska by 4.1% year-over-year, while Guam's volume decreased by 4.2% [2] - The China business saw a significant decline of 12.1% due to tariffs and trade issues [2] Future Outlook - The company anticipates that customers in China will be cautious regarding inventory levels in Q4 2025, but expects a more stable trading environment due to reduced uncertainty from tariffs and geopolitical factors following a recent U.S.-China trade deal [4]

South Korea’s Kospi Index has surged 55% in the past year, the best performance among major countries, reflecting its status as Asia’s most attractively valued AI proxy.Asian equities have outperformed thanks to the region’s position at the heart of the AI supply chain — home to major chipmakers, foundries, and semiconductor-equipment bellwethers such as Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and Tokyo Electron Ltd.Hartnett, for one, now expects the pace of outperformance to slow a ...

Justices will weigh whether the president lawfully levied global tariffs without Congress's approval ...

German medical-tech firm Siemens Healthineers expects the impact from tariffs to roughly double to €400 million in fiscal 2026 https://t.co/tKkDTiZfVN ...

China has halted retaliatory tariffs that it imposed on a range of US agricultural products, after Washington officially halved its fentanyl-related levies on Chinese goods https://t.co/GJE9RfCbdS ...

Carney seeks to fortify Canada against tariffs shocks in first budget https://t.co/26ctzarIuK ...

Core Insights - Weyco Group, Inc. reported financial results for the third quarter of 2025, showing a decline in both wholesale and retail segments, primarily due to reduced sales volumes and increased costs from tariffs [1][2][12]. North American Wholesale Segment - Wholesale net sales were $60.2 million, down 2% from $61.1 million in Q3 2024, with sales volumes decreasing by 7% [3]. - Florsheim brand saw an 8% sales increase, while BOGS and Stacy Adams experienced declines of 17% and 5%, respectively [4]. - Wholesale gross earnings as a percentage of net sales decreased to 35.7% from 40.1% year-over-year, impacted by incremental tariffs [5]. - Operating earnings fell by 20% to $7.5 million due to lower sales volumes and margin erosion [5]. Incremental Tariffs - The U.S. government maintained a 30% tariff on goods sourced from China, with ongoing trade talks potentially affecting future tariff rates [6]. - The tariff environment remains unpredictable, creating uncertainty regarding its impact on gross margins [6]. North American Retail Segment - Retail segment net sales totaled $73.1 million, down 2% from $74.3 million in Q3 2024, with gross earnings at 40.7% of net sales [8][10]. - Net earnings decreased by 18% to $6.6 million, with diluted earnings per share dropping to $0.69 from $0.84 [8][22]. Other Operations - Florsheim Australia reported flat net sales of $6.0 million, with gross earnings as a percentage of net sales increasing to 61.0% [11]. Strategic Decisions - The company decided to wind down operations of the Forsake brand due to lack of growth and profitability, with no material impact expected on consolidated financial statements [7]. Dividend Declarations - The Board of Directors declared a regular quarterly cash dividend of $0.27 per share and a special cash dividend of $2.00 per share, reflecting a return of capital to shareholders [13][14].