Labubu dolls on display at Pop Mart's new store in Las Vegas July 12, 2025. Kara Gildea | Las Vegas Review-Journal | Tribune News Service | Getty ImagesIn recent months, Shay Tomi began seeing plush monster dolls attached to purses and strollers around San Francisco. During recent travels, the 28-year-old...
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‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Ozgur Donmaz | Photodisc | Getty ImagesThe U.S. job market has been showing signs of a gradual weakening. But new federal data issued Friday suggests it may have hit a long-awaited wall."We're finally in the eye of the hurricane," Daniel Zhao, chief economist at career site Glassdoor, wrote in a...
U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit
The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through...
Gucci sales plunge 25% in the second quarter as woes persist at luxury giant Kering
A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC.Kevin Carter | Getty Images News | Getty ImagesGucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group.Sales at the high-end fashion house dropped 15%...
Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule
Starbucks on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy.CEO Brian Niccol said in a statement that the company's comeback is ahead of schedule, based on his past experience, which includes turning around Chipotle Mexican Grill after a series of food-safety...