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☆ Capri and Tapestry abandon plans to merge, citing regulatory hurdles
▼ + stars: | 2024-11-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Capri and Tapestry called off their merger on Thursday after the Federal Trade Commission successfully sued to block the megadeal. "With the termination of the merger agreement, we are now focusing on the future of Capri and our three iconic luxury houses," Capri CEO John Idol said in a statement. In April, the FTC sued to block the deal, saying the tie-up would disadvantage consumers and reduce benefits for the companies' employees. Tapestry plans to fund the stock repurchase through a combination of cash on hand and debt. Tapestry said it will reimburse Capri around $45 million.

Persons: John Idol, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Tapestry, Joanne Crevoiserat Organizations: Federal Trade Commission, FTC, Capri Locations: U.S

☆ Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms
▼ + stars: | 2024-11-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Over the past few years, he said, it's looked for factories in other countries, including Cambodia, Vietnam, Mexico and Brazil. Rosenfeld said about two-thirds of Steve Madden's business are U.S. imports. Of that, he said, "we currently source a little bit more than 70% of those goods from China." That means slightly less than half of its business would be at risk of tariffs on Chinese imports, he said. He said the company has moved more of its production outside of China since tariffs began under Trump's first administration.

Persons: Steve Madden, Donald Trump, Edward Rosenfeld, it's, " Rosenfeld, Steve Madden's, Trump, Tarang Amin, Trump's, Kate Spade, Scott Roe, we've, Gabrielle Fonrouge Organizations: Retail Locations: China, Cambodia, Vietnam, Mexico, Brazil

☆ Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court
▼ + stars: | 2024-10-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

A judge has granted a preliminary injunction to halt the merger between Tapestry and Capri Holdings. Following the ruling, on Thursday, Capri's stock plunged 45% in after-hours trading. AdvertisementVersace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge blocked its proposed merger with Tapestry, the parent of fashion brands Kate Spade and Coach. Following the court order, Capri's stock was down 45% in after-hours trading on Thursday. AdvertisementRepresentatives of the FTC, Capri Holdings, and Tapestry didn't respond to a request for comment from Business Insider sent outside business hours.

Persons: Versace, —, Kate Spade, Jennifer Rochon, Rochon, Capri, Capri's Versace, Jimmy Choo, Michael Kors, Stuart Weitzman, Henry Liu Organizations: Capri Holdings, Service, of, Federal Trade, FTC, Appeals, Capri, Tapestry's, Competition, New York Times, Business Insider Locations: Southern, of New York, agency's

☆ Stocks making the biggest moves after hours: Dexcom, Capri, Skechers, Capital One and more
▼ + stars: | 2024-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. L3Harris reported adjusted earnings of $3.34 per share on revenue of $5.29 billion, while analysts polled by LSEG had expected $3.26 per share on $5.28 billion in revenue. Boyd reported adjusted earnings of $1.52 a share, beating the consensus estimate of analysts polled by FactSet by 12 cents. In the third quarter, Capital One reported adjusted earnings of $4.51 per share on revenue of $10.01 billion. The company's provision for credit losses came in at $2.48 billion, versus the $2.83 billion estimate from analysts polled by StreetAccount.

Persons: Dexcom, LSEG, Kate Spade, Gucci, Michael Kors, Jimmy Choo, FactSet, Morgan Stanley, Skechers, Boyd, Darla Mercado, Lisa Kailai Han, Christina Cheddar Berk Organizations: Technologies, Tapestry, LSEG, Kinsale Capital, Kinsale, Joby Aviation, Allen, Co, FactSet, Boyd, Revenue, StreetAccount Locations: Kinsale

☆ US court blocks handbag maker Tapestry’s $8.5 billion acquisition of rival Capri
▼ + stars: | 2024-10-24 | by ( ) edition.cnn.com time to read: +1 min

A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger challenges are rare. Tapestry fought those claims, saying the deal was spurred by an intensely competitive US handbag industry and was needed to fight back against European players like Gucci, which are increasingly grabbing market share. The ruling in effect permanently blocks the proposed deal, Tapestry’s lawyers said in court documents. Those brands are: Tapestry’s Coach, Kate Spade and Stuart Weitzman; and Capri’s Versace, Jimmy Choo and Michael Kors. The ruling follows approval of the merger by regulators in Japan and the European Union earlier this year.

Persons: Tapestry, Gucci, Biden, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, Michael Kors, Jennifer Rochon Organizations: US Federal Trade Commission, FTC, Capri, European Union Locations: Capri, New York, Japan

☆ Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
▼ + stars: | 2024-10-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. Representatives for Tapestry and Capri didn't immediately return requests for comment. The decision will ensure that Tapestry and Capri continue to engage in head-to-head competition to the benefit of the American public." The decision comes as consumers balk at high prices for food, apparel and other goods after years of elevated inflation. Lawyers for Tapestry and Capri argued the companies are not each other's main competitors.

Persons: Jennifer Rochon, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Capri's, didn't, Henry Liu, Biden, Kamala Harris, Lina Khan, Capri, —, Melissa Repko Organizations: Federal, Tapestry, Federal Trade Commission, FTC, Competition, Democratic Locations: Capri, New York, FTC's

☆ 5 telltale signs of a fake luxury handbag, according to a vintage goods expert with 20 years of experience
▼ + stars: | 2024-10-09 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

A vintage expert with 20 years of experience says there are five telltale signs of a fake designer bag. Jeremy MoellerConsidering if a luxury bag is legit could come down to the nitty-gritty — because you must look at the finishings. Does it feel cheap and light, or does the fabric feel luxurious, like someone took the time to construct this properly? Do the engravings on the hardware look flimsy and shoddily put together? If you're holding a Fendi baguette bag, does the fabric or leather feel luxurious?

Persons: Gucci, Hermes, Louis Vuitton, —, Koyaana Redstar, Kate Spade, I've, Jeremy Moeller, Marmont, Edward Berthelot, Birkin, Hermes Birkin, Louis, I'm, shoddily, Phillips, Chanel, flatheads, That's Organizations: telltale, Service, Luxe, eBay, Rebag, Gucci, Louis Vuitton Locations: Chanel

☆ Where to buy glasses online, according to editors and experts
▼ + stars: | 2024-09-19 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +11 min

SKIP AHEAD How we picked the best online eyeglasses retailers | Where to buy glasses online | Why trust NBC Select? To help guide you through buying glasses online we asked experts what to consider before shopping, and we rounded up some of the best online retailers for eyeglasses. Where to buy glasses onlineWe rounded up some of the most popular online eyeglasses retailers to make your online search for glasses easier. Those nervous about shopping online may find comfort in buying glasses from a known name in the glasses world. For this story, she interviewed two experts on where to buy glasses online.

Persons: Yuna Rapoport, — you’ll, ”, Rapoport, “, —, Thierry Hufnagel, Gucci, Kate Spade, Marc Jacobs, Ban, you’ve, Tom Ford, Versace, Prada, Persol, you’ll, Bethany Heitman, TikTok Organizations: NBC, Eyecare, Burberry, Carrera, Nike, Eyebuydirect, Armani Exchange, ”, Facebook, Twitter Locations: Manhattan

The deal, if approved, would put six fashion brands under a single company: Tapestry’s Coach, Kate Spade and Stuart Weitzman, with Capri’s Versace, Jimmy Choo and Michael Kors. Yet, in his remarks, Kors described how even legacy brands like his own can struggle and lose shoppers’ interest. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. In its most-recent fiscal quarter that ended in late June, Michael Kors’ revenue dropped 14.2% on a reported basis or 13.3% on a constant currency basis compared to the year-ago period. Gennette, who retired early this year, said the department store’s sales got hit because it leaned too heavily on Michael Kors’ brand.

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, you’ll, we’ve, ”, Jeff Gennette, Michael Kors ’ Organizations: Federal Trade Commission, FTC, Tapestry Locations: Manhattan, Capri

☆ In federal trial, Michael Kors says it's harder to sell handbags in TikTok and Taylor Swift era
▼ + stars: | 2024-09-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios in New York City on Feb. 15, 2017. The deal, if approved, would put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman, with Capri's Versace, Jimmy Choo and Michael Kors. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. Gennette, who retired early this year, said the department store's sales got hit because it leaned too heavily on Michael Kors' brand. He said the markdown of Michael Kors' handbags contributed to "a bad spiral Macy's was living through when I was there."

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, we've, Jeff Gennette Organizations: Spring Studios, Federal Trade Commission, FTC, Tapestry Locations: New York City, Manhattan, Capri

☆ Three key questions that will shape whether Coach and Michael Kors owners will merge
▼ + stars: | 2024-09-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

In this article CPRITPR Follow your favorite stocks CREATE FREE ACCOUNTPedestrians walk past a Coach store and a Michael Kors store. One of the major debates in court has surrounded who are Coach and Michael Kors' true competitors. She said in her experience, Coach, Kate Spade and Michael Kors have never come up in customer surveys or company conversations about the competition. And he said it wouldn't need to worry as much, even if Michael Kors' brand continued to be challenged. "Once they come together, if Michael Kors continues to decline, some of that decline is going to benefit the Coach brand," he said.

Persons: Michael Kors, Scott Olson, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Joanne Crevoiserat, Biden, LVMH, Louis Vuitton, Crevoiserat, she's, fanny, Chanel, Rebecca Minkoff, Suwon Yang, Saint Laurent, Hermes, Loren Smith, Smith, Kors, Capri Organizations: Federal Trade Commission, Capri, FTC, CNBC, Capri's, Burberry, Tapestry, D.C Locations: New York City, Manhattan, Zara, Suwon, Italy, France, Washington, U.S

View at AmazonThere are even more options for Prime Day Apple Watches, and Prime Day iPads still available in our other guides. For an extensive breakdown divided up by size, see our full roundup of Prime Day TV deals. View at AmazonThere are even more sleep deals where those came from — check out our roundups of the best Prime Day mattress deals and Prime Day pillow deals. Do I need to be an Amazon Prime member to buy Prime Day deals? Amazon Prime Day deals are comparable to Black Friday and Cyber Monday, with the main difference being that Amazon is the only participating retailer.

Persons: Siri, They're, you’ll, Jonathan Adler, it's, dehumidifier, vacs, Fryer, Foodi, Fry, fryer, MagSafe, Kate Spade, they're, Bose Smart, Ray Soundbar, Ray, Anker, Amazon Nathan James Hugo Wood Nightstand, Nathan James, Inaba, waddle, Dyson, ”, Gabrielle Chase, “, we've, haven't Organizations: Business, Amazon, Apple, Amazon Apple, Apple Health, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Toshiba, LG, Dell, Galaxy, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Nintendo, Nova, Nova Pro, Logitech, Lightspeed, Mac, lounging, Amazon Canada, packers, Amazon Fisher, Prime, Chatelet Air, Dyson, Amazon Philips, Philips, Amazon Prime, Deal Locations: PopSockets, York

Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.

Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, ”, Gabrielle Chase, “, haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York

Some of the best iPhone 15 cases and best iPhone 15 screen protectors we've tested are on sale for the lowest prices we've seen, like the OtterBox Defender XT case (47% off) and the Zagg Glass Plus screen protector (37% off). Top 3 iPhone 15 case and screen protector dealsThe best Amazon Prime Day iPhone 15 and iPhone 15 Plus case and screen protector dealsWe're seeing great deals on a range of top iPhone 15 and 15 Plus cases, including 47% off the Otterbox Symmetry case for the iPhone 15. View at AmazonThe best Amazon Prime Day iPhone 15 Pro case and screen protector dealsThere are some superb deals on cases and screen protectors for the iPhone 15 Pro and iPhone 15 Pro Max, like 52% off a stylish Kate Spade case, and 29% off the Zagg Glass Elite Screen Protector. The best iPhone 15 Pro Max cases protect your phone against whatever your lifestyle throws at it. One of our favorites, the OtterBox Symmetry Series for iPhone 15 Pro Max, is almost 50% off this Prime Day.

Persons: we've, you'll, it's, MagSafe, Max, Kate Spade, It's Organizations: Business, OtterBox, Apple, Amazon Prime Locations: OtterBox, PopSockets, kickstand, York

The best Prime Day deals under $25 can satiate that instinct to shop while the getting is good and still pay mind to your budget. Shop all Prime Day deals under $25 here. Top 5 Prime Day deals under $25:More of the best Prime Day deals under $25Staff Pick Vacation Super Spritz SPF 50 Sunscreen Face Mist $18.75 $25.00 Save 25% This makeup-friendly fine mist face spray, which is paraben-free and dermatologist-tested, dries quickly and is water-resistant for up to 80 minutes. In order to shop on Prime Day, you'll need an Amazon Prime membership. Shopping for more great Amazon Prime Day deals?

Persons: there's, La Roche, Kate Spade, We've Organizations: Business, Amazon, Adidas, Coffee, Brewers, New, Amazon Prime Locations: York, influencers, New York City

I grew up shopping the Nordstrom Anniversary Sale with my mom before spending nearly four years working as a sales associate between Nordstrom and Nordstrom Rack. This has given me a very clear sense of the Nordstrom Anniversary Sale bestsellers, what sells out first, and what gets returned. Now, I'm ready to share what's absolutely worth it and what you should skip from the Nordstrom Anniversary Sale. The Nordstrom Anniversary Sale is full of Gucci, Saint Laurent, Tom Ford, and Ray Bans sunnies galore. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status.

Persons: Nordstrom, Hanky, it's, Augustinus Bader, Dyson, Reiss, Max Mara, Vince, Veronica Beard, Les, Sam Edelman, Kate Spade, Rebecca Minkoff, Kurt Geiger, Saint Laurent, Tom Ford, Ray, sunnies, you'll Organizations: Business, Nordstrom, Nike, Adidas, Branch, Bond, Longchamp, Gucci, Nordy Locations: Arizona, Hoka, Boll

☆ You can't kill Coach
▼ + stars: | 2024-06-28 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Mandy Moore carries a Coach bag in 2006. And with fewer people buying Coach bags, consumer ideas of the brand shifted. Keel, who purchased her first Coach accessory — a discounted cardholder from Coach Outlet — around that time, remembers the change in the brand's perception vividly. AdvertisementKate Bauer, a 29-year-old from Toronto, collects vintage Coach bags that she exclusively buys secondhand. She told BI that the importance of old Coach styles to the brand's current business has never been clearer.

Persons: —, Paris Hilton, I'd, Gilbert Carrasquillo, Lil Nas X, Gen Z, Erin Keel, Lillian Cahn, Miles Cahn, Lillian, Bonnie Cashin, Lew Frankfort, Mandy Moore, Michael Loccisano, Michael Kors, Kate Spade, Victor Luis, Keel, Chanel, wasn't, — Luis, Jide J, Zeitlin, — Todd Kahn, Coach, Camila Mendes, Beth Goldstein, Gen, Kate Bauer, Edward Berthelot, Goldstein Organizations: Business, Leatherware, —, North, BI Locations: New York City, Los Angeles, Frankfort, Toronto

☆ Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more
▼ + stars: | 2024-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.

Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, —, Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia

☆ The handbag wars have begun after the US sued to block the merger of Coach and Michael Kors
▼ + stars: | 2024-04-23 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The FTC announced a lawsuit that blocks a merger between luxury brands Tapestry and Capri. Tapestry and Capri argue the luxury handbag market is too saturated for that to happen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe FTC is trying to stop a merger between brands Tapestry and Capri that would put labels Coach, Kate Spade, Michael Kors, Jimmy Choo, and Versace under one luxury house. Tapestry, Inc., which owns Kate Spade and Coach, announced in August its intent to acquire Capri Holdings, which owns Michael Kors, for $8.5 billion.

Persons: —, Kate Spade, Michael Kors, Jimmy Choo, Versace Organizations: FTC, Service, Inc, Capri Holdings, Regulators, European Union, Business Locations: Capri, Japan

☆ US sues to block Tapestry’s Capri deal citing handbag market domination
▼ + stars: | 2024-04-22 | by ( ) edition.cnn.com time to read: +1 min

The US Federal Trade Commission said on Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers. US antitrust enforcers had also come out with new merger guidelines in December, in a bid to encourage fair, open and competitive markets. But the FTC requested more information from the firms on their deal in November. “Capri Holdings strongly disagrees with the FTC’s decision,” the company said in a statement.

Persons: Michael Kors, Capri, Tapestry, Louis Vuitton, “, Kate Spade, Jimmy Choo Organizations: US Federal Trade Commission, Capri, “ Capri Holdings, FTC, European Union, Japan

The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of competition. In her time as the chair of the F.T.C., Lina Khan has prioritized taking on the power of big business in suits across industries. The agency has moved to block the supermarket merger between Kroger and Albertsons; Meta’s acquisition of the virtual reality start-up Within; and Microsoft’s bid for the gaming giant Activision. failed to block Microsoft’s deal and Meta’s acquisition, both of which closed last year.

Persons: Kate Spade, Michael Kors, Versace, Lina Khan, ” Henry Liu, ” Organizations: Federal Trade Commission, Kroger, Albertsons, Activision, “, Competition Locations: Capri, ’

☆ FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
▼ + stars: | 2024-04-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry . With the transaction, the luxury brands could be poised to better compete with European luxury names, such as Burberry and LVMH's Louis Vuitton. Both Tapestry and Capri have been under pressure, as consumers continue to be choosier with discretionary spending. Yet Capri, in particular, has been more vulnerable because of its heavier reliance than Tapestry on department stores and other wholesale retailers. The vast majority of Tapestry's sales are through its own website and stores, with wholesale accounting for only about 10% of sales globally in the most recently reported fiscal quarter.

Persons: Kate Spade's, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, LVMH's Louis Vuitton, Joanne Crevoiserat, Tapestry, Crevoiserat Organizations: U.S . Federal Trade Commission, Capri Holdings, Burberry, Tapestry, CNBC Locations: Europe, Japan, Capri

☆ Jim Cramer shares his thoughts on United Airlines, J.B. Hunt, ASML, Tapestry and Alcoa
▼ + stars: | 2024-04-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

United Airlines : Shares surged more than 10% after the airline reported a smaller-than-expected quarterly loss and offered upbeat guidance for the second quarter. It wants them to be able to raise a lot, and that's what you got," Jim Cramer said. J.B. Hunt : Shares tumbled more than 9% after the company missed Wall Street expectations on the top and bottom lines. "One of the absolute few situations where the Fed is winning, but that's because there's too much supply," Cramer said. Tapestry owns the Coach, Kate Spade and Stuart Weitzman brands.

Persons: Jim Cramer's, Jim Cramer, J.B, Cramer, Michael Kors, Kate Spade, Stuart Weitzman, Joe Biden Organizations: CNBC, Club, United Airlines, ASML, Federal Trade Commission, Capri Holdings, The New York Times . Tapestry, Alcoa Locations: Pittsburgh

☆ Stocks making the biggest premarket moves: Eli Lilly, Travelers, United Airlines, Alcoa and more
▼ + stars: | 2024-04-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Travelers — Shares fell nearly 5% after the insurance company reported an earnings and revenue miss for its first quarter. Revenue was $10.18 billion compared with the $10.51 billion expected. J.B. Hunt Transport Services — Shares sank 8% a day after the transportation and logistics company reported an earnings and revenue miss for its first quarter. ASML Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Omnicom — The stock added nearly 3% a day after the communications company reported an earnings and revenue beat for its first quarter.

Persons: Eli Lilly, ResMed, Eli Lilly's, Zepbound, J.B, Hunt, Joe Biden, TD Cowen, Ferrari, Bernstein, —, Dealbook, Kate Spade, Jesse Pound, Hakyung Kim, Sarah Min, Fred Imbert Organizations: LSEG, Revenue, Travelers, United Airlines, Hunt Transport, ASML, Urban, Jefferies, Autodesk, Alcoa, United Steelworkers, Ferrari, Abbott, Abbott Laboratories, New York Times, Federal Trade Commission Locations: J.B, China, Pittsburgh

☆ Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.

Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, —, Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China

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