Nia Warfield
Markets Writer at Sherwood Snacks
Markets Writer at Sherwood News
Markets Writer ✨🖊 @robinhoodsnacks
Articles
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1 week ago |
sherwood.news | Nia Warfield
(Sebastian Ng/LightRocket)High-end shoppers may finally be tightening their purse strings. Shares of LVMH slipped nearly 8% on Monday after the French luxury goods conglomerate posted weaker-than-expected sales for the first quarter. The company reported $23 billion in revenue, down 2% from the same period last year, falling short of analyst forecasts as sales picked up in Europe but slowed in the US and Japan.
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1 week ago |
sherwood.news | Nia Warfield
(Kevin Carter/Getty Images)Government officials say relief is just a temporary measure. Electronic retailers surged in premarket trading following a surprise move by President Trump to exempt smartphones, chips, and other tech products from sweeping new tariffs. Best Buy shares jumped more than 12%, while Dell rose about 8% and HP climbed 5%. The exemption comes as a relief for companies heavily reliant on global supply chains.
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2 weeks ago |
sherwood.news | Nia Warfield
Pants and shirts made in Vietnam sit on a shelf for sale at a store in Washington, DC. (Photo by Roberto Schmidt / AFP) (Photo by ROBERTO SCHMIDT/AFP via Getty Images) Higher costs and a looming inventory glut could force retailers to compete for wallets like never before. Retail stocks have unraveled amid recent market volatility, with the ongoing tariff back-and-forth rattling an industry deeply reliant on imports.
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2 weeks ago |
sherwood.news | Nia Warfield
(View Pictures/Getty Images)Cruise stocks could have a tough time staying afloat in the near term. Royal Caribbean shares tumbled nearly 6% Wednesday morning, sinking far more than the broader market, after analysts chopped their price target for the cruise line. Morgan Stanley slashed its forecast from $270 to $220 — a steep 18% drop — blaming mounting tariff uncertainty and a dimmer growth outlook.
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2 weeks ago |
sherwood.news | Nia Warfield
(John Keeble/Getty Images)The luxury merger closed at zero hour as tariff uncertainty nearly derailed the deal. Prada has sealed a deal to buy rival luxury fashion house Versace for $1.38 billion — a $200 million markdown as both brands brace for rising US trade costs and cooling luxury demand.
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