Levi Tumbles as Profitability Slips Amid Higher Promotions
Levi Strauss & Co. fell the most since April 2020 after first-quarter gross margin fell short of expectations due to increased promotions across the business.
Bloomberg Business
The Spread Between AMC and APE Shares Widens After Court Ruling
The spread between AMC Entertainment Holdings Inc.’s common-stock price and its preferred shares widened on Thursday, reversing its narrowing trend earlier this week.
French Unions Renew Strike to Seek Macron U-Turn on Pensions
(Bloomberg) — French unions led another round of strikes and protests against President Emmanuel Macron’s pension reform, capitalizing on broad public support for a movement that has caused trash to pile up on the streets of Paris and sporadically turned violent.
Big Tech Fuels Stock Rebound From Lows Before Jobs: Markets Wrap
Wall Street traders remained defensively positioned ahead of Friday’s pivotal jobs report, with stocks struggling to find solid footing, bonds getting bid up again and the dollar barely budging.
Walmart Plans to Expand EV Charging Network to Thousands of Stores
Walmart Inc. plans to add thousands of electric-vehicle charging stations by 2030, joining a broader US push to make it easier for US motorists to pivot away from cars powered by fossil fuels.
Ukraine Latest: Macron Urges Xi to Help; Putin-Lukashenko Talks
French President Emmanuel Macron urged Xi Jinping to use his influence with Moscow to help restore peace to Ukraine, saying the Chinese leader could bring all sides together to discuss a way to end the Russian invasion.
Greener Ground Beef Packaging Is a Flop with Shoppers
As food companies try to reduce packaging waste, one of the hardest things to predict is how consumers will react.
Activist Investors Seek TotalEnergies Vote to Curb Emissions Further
Investors including activist group Follow This filed a resolution to pressure TotalEnergies SE to vote for more ambitious emissions targets when the company holds its annual general meeting next month.
India Seeks Probe Against Oxfam for Misuse of Foreign Aid
India is seeking a federal probe against Oxfam’s local unit for alleged misuse of foreign funds, a further setback to international charities operating in the country.
Glencore’s Big Bid for Teck Extends Canada’s Mining-Deal Heritage
Glencore Plc’s $23 billion proposal for Teck Resources Ltd. would mark one of the world’s biggest mining takeovers, if it happens. The deal would be the second-largest mining acquisition in Canada, where some of the industry’s biggest transactions have emerged in the past two decades. Many top-tier Canadian metals producers have disappeared over the years thanks to domestic and foreign takeovers, leaving the country with few remaining mining champions on the global stage. Rio Tinto Group’s 2007