Brazil’s Iguatemi sees customer flow at least 50% lower in reopened malls; shares fall

Brazilian upscale malls operator Iguatemi Empresa de Shopping Centers SA sees customer flow at between 35% and 50% of what it used to be before the coronavirus pandemic, its Chief Financial Officer said on Wednesday. News – FashionNetwork.com USA BEST … Read more…

Netflix Sees Rise In Users Watching International Shows During Coronavirus Pandemic

Netflix CEO Reed Hastings has revealed that the company’s 183M subscribers have been indulging in more international content during the coronavirus lockdown. In an audio essay for the BBC, Hasting trumpeted the streamer’s investment in global shows, such as Money … Read more…

Guess? Sees Q2 Revenue Decline Similar To Q1; Postpones Dividend Payment – Quick Facts

While reporting its financial results for the first quarter on Wednesday, Guess? Inc. (GES) said it expects that the COVID-19 crisis will continue to have a material impact on its consolidated financial position, consolidated results of operations, and consolidated cash … Read more…

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free … Read more…

Amazon sees strong demand for pepper spray and Black Lives Matter merchandise as protests rage

Amazon’s Sports and Outdoors category showed pepper spray as the top-selling item, while a rechargeable taser was listed at No.44, illustrating that consumers are buying self-defense items amid protests that have turned violent in some areas of the country. Tech … Read more…

Joe Biden sees surge in health-care industry fundraising as Trump slumps in polls over coronavirus response

Joe Biden has surged past President Donald Trump in raising cash from the health-care industry. The development comes as Trump falls in the polls during his response to the coronavirus pandemic. Health and Science U.S.HEALTHCARE UPDATE: SPECIAL NEWS UPDATE: Click … Read more…

Beauty Brand Coty Sees Shares Tumble After ‘Forbes’ Report Questions Kylie Jenner’s Wealth

(Bloomberg) — Coty Inc. tumbled Friday after Forbes reported that Kylie Jenner allegedly provided the magazine with misleading financial information about her cosmetics brand. Shares of Coty, which acquired a majority stake in Kylie Cosmetics last year, dropped 13% to … Read more…