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By Bloomberg Published Aug 9, 2024 China’s consumer prices rose more than expected, offering hope of a recovery in domestic demand that has weighed on growth this year. Photo: Pixabay The consumer price index increased 0.5% from a year earlier, the National Bureau of Statistics said Friday. That’s the biggest gain since February. It compares [...]read moreChina’s consumer prices rise faster than expected in July
By Bloomberg Published Jul 31, 2024 Adidas AG reported a rebound in wholesale revenue and a return to growth in North America, when Yeezy sneaker sales were excluded, as the brand looks to increase profits after years of crisis. The German sportswear company posted currency-neutral revenue growth of 17% in its wholesale business last quarter, [...]read moreAdidas Shows Faster Wholesale Growth and Improvement in US
Shein’s still-not-confirmed London IPO isn’t the only big news story around the e-tailer at the moment. It’s also tapping into one of the year’s (make that the decade’s) hottest trends with an AI-focused link-up. Shein It’s to use artificial intelligence (AI) to accelerate its already fast-to-market product launches and fulfilment capabilities with the help of [...]read moreShein works with NTX on AI insights to drive faster trend reaction
By Bloomberg Published May 29, 2024 Abercrombie & Fitch Co. blew past sales estimates in the first quarter and raised its year outlook, extending a remarkable comeback from the teen fashion graveyard. Shares of the retailer jumped by 3% in premarket trading in New York. Revenue rose for the sixth straight quarter to $1 billion. [...]read moreAbercrombie sales are rising even faster than analysts expected
The nation’s biggest city saw the biggest gap emerge between the rates of wage growth and rent growth. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. While the rest of the United [...]read moreNYC Rents Grew Seven Times Faster Than Wages Last Year
Sanctuary AI often isn’t mentioned in the same breath as humanoid robotics firms like Boston Dynamics, Agility, Figure and 1X, but the Canadian company has been operating in the space for some time. In fact, a new robot introduced on Thursday is actually the seventh-generation of its Phoenix line. While a recent iteration introduced legs [...]read moreSanctuary’s new humanoid robot learns faster and costs less
Budget constraints have NASA looking for a faster and cheaper method to bring samples from Mars’ surface back to Earth. In a teleconference on Monday, NASA Administrator Bill Nelson said that an independent review concluded that the agency’s current plan to bring the first samples collected by the Mars rover Perseverance could cost up to [...]read moreNASA needs a cheaper, faster way to bring Mars dirt back to Earth
Ginnie Mae this week issued a public notice to its issuer partners warning of an observation of higher prepayments in some of its mortgage-backed securities (MBS) programs, reminding issuers that a violation of its requirements could result in punitive action. In a prior All Participants Memorandum (APM) issued in December 2017, Ginnie Mae described how [...]read moreGinnie Mae warns issuer partners about faster prepayments
Presuming that our government hasn’t yet established a DMV office on the moon, we guess that it’s okay for NASA to proceed with plans that will further encourage astronauts to once again drive on and around the lunar surface without a moon license. This past week, the space agency revealed that it is seeking proposals [...]read moreDoes driving 9 mph feel faster on the moon? Ask NASA in 2030