According to the Bureau of Labor Statistics, the consumer price index (CPI) decreased 0.1% on a seasonally adjusted basis in March, after rising 0.2% in February. On an annual basis, CPI increased 2.4% before the seasonal adjustment.
Jassy noted that while certain customers were stocking up on some items, there wasn’t enough evidence to suggest that it was due to tariff concerns.
The company reported revenue of €14.5 million for the fourth quarter, representing a decrease of €8.1 million from the corresponding period of 2023, and below an analyst estimate of €20.58, according to FinChat data.
Prada said that the transaction will be funded by €1.5 billion of new debt composed of €1.0 billion term loan and €0.5 billion bridge facility.
The Swedish company reported retail sales amounting to an estimated 12,304 units, driven by a growing uptake of newer models and transition to an active selling model.
The benchmark index tumbled more than 1,060 points before recouping some of the losses, as traders evaluate the future course of action with respect to the Trump administration’s tariff action.
The company said the plan aims to reduce the likelihood of any entity or person gaining control of Keros through open-market accumulation without paying all stockholders an appropriate control premium.
The Trump administration announced a 125% tariff hike on goods imported from China; however, a White House official said this figure does not include the 20% fentanyl-related levy.
The new trade policies, UBS said, are raising the cost of making a vehicle, subsequently raising the cost of a vehicle for consumers and negatively impacting demand.
According to an ongoing poll, 41% of respondents among the 2,600 participants so far believe in shorting the stocks as the economy is headed for a recession.
