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Miu Miu’s momentum powers Prada sales growth

MILAN (Reuters) -Net revenues at Italian luxury group Prada rose 12.5% at constant exchange rates in the first quarter, slightly above analysts expectations, thanks to a 60% jump in retail sales at its smaller brand Miu Miu. The group, which this month struck a $1.38 ...
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US House Republicans to drop $20 vehicle registration fee, boost proposed EV fee to $250

WASHINGTON (Reuters) – U.S. House Republicans will drop a proposed $20 federal annual registration fee on all vehicles starting in 2031 to fund road repairs and will now propose a new $250 annual fee on electric cars as part of ...
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US economy expected to have slowed sharply at start of Trumps 2nd term

(WASHINGTON) -- Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of President Donald Trump’s second term as a flurry of tariff proposals stoked uncertainty among businesses and consumers, analysts told ABC News.The measure ...
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The epicenter of an explosion at an Iranian port is tied to a charity overseen by its supreme leader

DUBAI, United Arab Emirates (AP) — The explosion that rocked an Iranian port, killing at least 70 people and injuring more than 1,000 others, had its epicenter at a facility ultimately owned by a charitable foundation overseen by Supreme Leader Ayatollah Ali Khamenei’s office. ...
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U.S. economy creaking even before tariffs

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets There is growing evidence the U.S. economy was struggling even before this month’s tariff sweep, ramping up the chances of a 2025 recession and bets that the Federal Reserve ...
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KFC-parent Yum Brands tops sales estimates as Taco Bell demand holds firm

(Reuters) -Yum Brands beat Wall Street estimates for first-quarter comparable sales on Wednesday, helped by robust demand at its Taco Bell locations in the U.S. and KFC outlets in international markets. The company’s worldwide comparable sales for the first quarter ended March 31 increased 3%, ...
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Dutch payments firm Adyen misses first-quarter sales forecasts but confirms 2025-2026 outlook

By Alessandro Parodi and Gianluca Lo Nostro (Reuters) -Adyen, one of the world’s largest payment companies, reported quarterly revenue below market forecasts on Wednesday, but maintained its sales outlook for this year and next, saying so far global trade tensions have not affected its business. Adyen ...
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Taiwan’s ASE evaluates how it will support Nvidia’s $500 billion US plan

By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s ASE Technology Holding Co. has yet to decide how it will support a plan by Nvidia to build artificial intelligence servers worth as much as $500 billion in the U.S. over the next four years, it ...
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Norwegian Cruise Line misses quarterly earnings estimates

(Reuters) -Norwegian Cruise Line Holdings missed first-quarter revenue and profit estimates on Wednesday, as rising concerns about tariff uncertainty have pressured demand for the cruise operator’s premium sea voyages. Shares of the company were down about 6% in premarket trading. After benefiting from a post-pandemic surge, ...
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Caterpillar’s profit drops on weak demand, warns of annual sales hit from tariff

(Reuters) -Caterpillar on Wednesday posted a drop in first-quarter profit, hurt by weak demand for its construction equipment due to economic uncertainty and said annual sales would be slightly lower from a year ago if it accounts for tariff impact. The company, which is a ...
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Super Micro slumps on forecast cut, analysts downplay broader AI demand concerns

By Aditya Soni (Reuters) -Super Micro Computer shares tumbled 15% before the bell on Wednesday after the server maker slashed its revenue forecast, the latest blow to the former AI darling trying to regain investor confidence following late filings and short-seller attacks. The company blamed the ...
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Samsung reports revenue increase thanks to mobile phone sales but its chip business suffers

SEOUL, South Korea (AP) — Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback. The South Korean semiconductor and smartphone giant said in a statement ...
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