Levi Strauss has announced that its fiscal sales and earnings for the second quarter of 2021 were better than expected. Shares of Levi were nearly 3 percent higher following the news. The positive news was attributed to robust demand for denim in China and the U.S. as consumers begin to...
Wells Fargo will be discontinuing existing personal lines of credit over the next few weeks. Neither will the bank offer the credit product to new account holders. The San Francisco-based enterprise usually issued from $3,000 to $100,000 of revolving credit to qualified clients. The product was often pitched to credit...
Social media neighborhood app Nextdoor is going public. The company says a $4.3 merger deal with Khosla Ventures Acquisition Co II will help it to meet its objective to go public. Sarah Friar, Nextdoor CEO, said the deal would “bring in a lot of proceeds, $686 million of gross proceeds,...
  Tesla reported that its second-quarter vehicle deliveries reached a record, although the number fell flat of analyst predictions. Vehicle deliveries were 201,250 for the period. It was the first such time that Elon Musk’s brainchild delivered over 200,000 vehicles in any quarter. Analysts had initially projected about 201,820 auto...
Tesla shares were up by at least 2 percent Monday morning despite a recall of its Model Y and Model 3 vehicles in China. The State Administration for Market Regulation (SAMR), China’s vehicle safety authority, said that Tesla had recalled more than 285,000 of the vehicles. The recall is...
On Tuesday, Microsoft reached new heights when its market capitalization hit the $2 trillion mark for the first time. It now sits behind Apple as the most valuable company in the world.  Last August, Apple hit its $2 trillion mark and was the first publicly traded U.S. company to...
According to Bloomberg, Victoria’s Secret is looking for investors who might be interested in funding a $500 million loan. The lingerie and beauty retailer wants to use the monies to fund its separation from the bath shop chain, Bath & Body Works. Both Victoria’s Secret and Bath & Body...
The long-awaited Prime Day deals are set to begin on Monday, but many sellers are dealing with widespread supply disruptions. Many of Amazon’s vendors are particularly nervous about global shipping container shortages and semiconductors. Some of Amazon’s sellers are a little concerned that they’ll run out of stock. Amazon’s much anticipated...
JPMorgan plans to acquire the British-based online wealth management firm Nutmeg. Neither party confirmed an amount agreed upon for the deal. But Nutmeg has more than £3.5 billion of assets under its management, making it one of the largest robo-advisement firms in the U.K. In U.S. dollars, Nutmeg’s assets...
American Express has announced that it plans to branch away from its offering of corporate and personal credit cards and will be launching its first small business checking account. The credit card company said that it would be utilizing technology that it received from its acquisition of Kabbage last...