Author: Justin M. Larson

People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | ReutersShares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow.The handbag, shoe and accessory maker said costs from higher duties will total $160 million for its coming fiscal year and drag on its profits. It said it expects full-year fiscal 2026 earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49.On the company’s earnings call, Chief Financial Officer Scott Roe said sales trends have been…

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Prince Harry ‘DEVASTATED’ Over Sentebale ‘Hostile Takeover’: ReportPrince Harry is reportedly “devastated” after a bitter power struggle over Sentebale, the charity he co-founded. According to the Daily Mail, the Duke has been holding late-night “marathon” calls, rallying allies against current chair Dr. Sophie Chandauka, whom sources claim forced her way into power. Though the Charity Commission cleared Sentebale of major wrongdoing, Harry views the situation as a “hostile takeover” of his life’s work. Tensions are so high that he allegedly refuses to use Chandauka’s title and vows never to return while she remains in charge. Efforts to mediate collapsed, and…

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Prince Harry ‘DEVASTATED’ Over Sentebale ‘Hostile Takeover’: ReportPrince Harry is reportedly “devastated” after a bitter power struggle over Sentebale, the charity he co-founded. According to the Daily Mail, the Duke has been holding late-night “marathon” calls, rallying allies against current chair Dr. Sophie Chandauka, whom sources claim forced her way into power. Though the Charity Commission cleared Sentebale of major wrongdoing, Harry views the situation as a “hostile takeover” of his life’s work. Tensions are so high that he allegedly refuses to use Chandauka’s title and vows never to return while she remains in charge. Efforts to mediate collapsed, and…

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Jonathan BealeDefence correspondent in eastern UkraineLee Durant/BBCUkrainians are still training to fight Russia – few expect the war will end soonThey call it “dronocide”: new training to deal with what is now the greatest threat to a Ukrainian soldier’s life on the battlefield – drones.These machines saturate the front line and cause the largest number of casualties, according to Ukraine. If Donald Trump can’t make Vladimir Putin agree to a ceasefire at their meeting in Alaska on Friday, then this training in eastern Ukraine might be essential to saving lives on the front.The continuing preparation for battle suggests few in…

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Former JPMorgan Chase chief economist Anthony Chan discusses the impact of President Donald Trump’s tariff policies, the buying power of affluent consumers and more on ‘Varney & Co.’ Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy.  The Bureau of Labor Statistics on Thursday released the producer price index (PPI) for the month of July, which showed an increase of 0.9% from the prior month and 3.3% from a year ago. Those PPI figures were much hotter than the forecast of prices rising 0.2% on a monthly basis and 2.5% from…

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U.S. Treasury Secretary Scott Bessent, in a wide-ranging interview on ‘Mornings with Maria,’ weighs in on President Donald Trump’s meeting with Vladimir Putin, updates U.S.-China trade talks and housing affordability crisis solutions. Treasury Secretary Scott Bessent says he isn’t in the business of giving the Fed marching orders, but his view that a neutral interest rate would be 150 basis points below the current level has fueled speculation over how soon and how far rates could be cut. “I didn’t tell the Fed what to do. What I said was that to get to a neutral rate on interest, that…

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Sir Keir Starmer and Volodymyr Zelensky believe there is a “viable” chance of a ceasefire in Ukraine but Vladimir Putin must “prove he is serious about peace,” Downing Street has said.The UK prime minister held a breakfast meeting with the Ukrainian President ahead of a summit between US President Donald Trump and Putin in Alaska on Friday to discuss ending the war in Ukraine. No 10 said Sir Keir and Zelensky agreed there was “a powerful sense of unity and a strong resolve to achieve a just and lasting peace in Ukraine” at their meeting.Zelensky and other European leaders, who…

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U.S. Treasury Secretary Scott Bessent, in a wide-ranging interview on ‘Mornings with Maria,’ weighs in on President Donald Trump’s meeting with Vladimir Putin, updates U.S.-China trade talks and housing affordability crisis solutions. Treasury Secretary Scott Bessent on Thursday outlined the qualities he is seeking as he vets candidates from President Donald Trump’s shortlist to lead the nation’s central bank. “I want to see people who are forward-looking, not backward-looking on regulation,” Bessent said in an interview on FOX Business’ “Mornings with Maria,” adding that “since the great financial crisis, we’ve been in a regulatory straitjacket for the banking system.”TRUMP SAYS…

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Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands.Melissa Repko | CNBCUlta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores.Shares of Target fell about 2% in early trading, while Ulta’s stock slid about 1%.In a news release, the companies said the partnership — which also added some of Ulta’s merchandise to Target’s website — will end in August 2026. Target had added more than 600 Ulta Beauty shops…

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NEWYou can now listen to Fox News articles! A bold new pilot program is bringing autonomous trucking to the heart of Texas. Steves & Sons, a sixth-generation American door maker, just partnered with autonomous freight startup Bot Auto and logistics giant J.B. Hunt. The goal? Launch a real-world test of driverless freight deliveries between San Antonio, Dallas and Houston. That means robots are about to hit some of the country’s busiest shipping lanes, with doors in tow.Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you’ll get…

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PORTLAND, Maine — A network of clinics that provides health care in Maine is expected to ask a judge Thursday to restore its Medicaid funding while it fights a Trump administration effort to keep federal money from going to abortion providers.President Donald Trump’s policy and tax bill, known as the “ big beautiful bill,” blocked Medicaid money from flowing to Planned Parenthood, the nation’s largest abortion provider. The parameters in the bill also stopped funding from reaching Maine Family Planning, a much smaller provider that provides health care services in one of the poorest and most rural states in the…

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