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...When and if we find other technologies or other fibres that can complement this, we will do that.”...
...Our focus will be on profitable growth.”...
...Kleinman said H&F’s investment could double in size over time as it funds future acquisitions....
...Because rent inflation on new leases has looked relatively benign, many expect the official data will converge after a lag....
...H&M will close more stores than it opens this year, he added....
...Investors now forecast the first move will come by September, with a growing minority betting that there will be one or fewer cuts this year. Bets of just one cut rose after Powell’s remarks....
...The income acceleration effect from fair-value accounting is ultimately transitory and will reverse over time as loan growth slows or charge-offs rise....
...Helmersson will be replaced by Daniel Ervér, the 42-year-old head of H&M’s main brand and an 18-year company veteran, the Swedish group said on Wednesday....
...We saw this online yesterday (h/t @quantian1): . . . “97% of the public agrees” that Basel III Endgame is “bad for working Americans”? What does that even mean?...
...There were also asymmetric skirts, belted outerwear and cut-out separates — these acted almost like a teaser for the more commercial versions that will soon be available at H&M....
...In TurboTax, AI will shorten the time it takes to file taxes by calculating deductions and answering questions on code changes....
...The number of the old and very old will be rising; the number of people in the workforce will be falling....
...However, he noted: “We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down towards 2 per cent.”...
...But will our children and grandchildren thank us if our museums can no longer afford to be the envy of the world. Martin P Levy H Blairman & Sons, London SW1, UK...
...Even so, some economists believe recent US data — notably on inflation — will force the central bank to be more cautious....
...The Fed will also unveil a new so-called “dot plot”, detailing how many times officials think the central bank will cut rates in 2024....
...“At this point the Fed will be data dependent — and the markets too.” The data release offered a mixed outlook for inflation in the world’s largest economy....
...David H SullivanBedford, Bedfordshire, UK...
...Kate Duguid Will eurozone retail sales remain sluggish?...
...The projects will be operational as early as the second half of 2025....
...Corporate updates: Investors will be watching Swedish fast-fashion retailer H&M’s quarterly results for signs it is on track to hit its target operating margin of 10 per cent, up from 6.2 per cent in 2023...
...Click here for a website that will take you to other random websites....
...Powell told CBS’s 60 Minutes show that “almost all” of the members of the Federal Open Market Committee think the US central bank will cut rates from their current 23-year high of 5.25 to 5.5 per cent at...
...Shein, which can get designs to production within days, projects sales will more than double to nearly $60bn by 2025. For now, Uniqlo’s lead remains intact....
...“I do expect that there will be broad and material changes to the proposal,” he said, as he gave his semi-annual testimony on monetary policy to Congress....
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