• Mar 04, 2025

Prada posts double-digit growth in 2024 in a down market as it eyes Versace acquisition

The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear, reported a 17% boost in revenues to 5.4 billion euros ($5.7 billion) last year from 4.7 billion euros in 2023. The Prada brand, which accounts for the bulk of earnings, reported sales were up a solid 4%, while they nearly doubled at younger Miu Miu.

• Mar 04, 2025

KKR aims to raise $1.5 billion in 3-year convertible stock offering

Private equity firms are trying to bolster their reserves to tap an expected surge in deal volumes following U.S. President Donald Trump's push for less regulation, lower corporate taxes and broadly pro-business policies. The preferred stock offered by KKR will automatically convert into a number of common shares on or around March 1, 2028, unless it has been redeemed or converted previously. KKR has a market capitalization of $118.1 billion, per LSEG data.

• Mar 04, 2025

Walgreens Stock Jumps as Drugstore Chain Reportedly Nears $10B Take-Private Deal

Walgreens Boots Alliance shares are jumping in premarket trading Tuesday, on a report that the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion.

• Mar 04, 2025

AutoZone misses quarterly revenue estimates on inflation, currency rates

Shares of the company fell about 2.2% in premarket trading following the results. U.S. President Donald Trump's move to levy tariffs on imports from Mexico and Canada as well as double the duties on Chinese goods to 20% is also expected to affect the auto industry as it attempts to cut costs. AutoZone's quarterly net sales fell 2% to about $3.95 billion, missing estimates of about $3.98 billion, according to data compiled by LSEG.

• Mar 04, 2025

US stock futures fall as Trump’s tariffs threaten a dangerous trade war

US stock futures slid Tuesday after President Donald Trump made good on his threat to levy hefty tariffs on Canada and Mexico. Dow futures dropped by around 150 points in premarket trading, and futures tied to the S&P 500 and Nasdaq 100 were both around 0.7% lower.

• Mar 04, 2025

Bitcoin Mining Economics Weakened in February: JPMorgan

The total market cap of the 14 publicly-listed U.S. bitcoin miners that the bank tracks dropped 22% last month, the report said.

• Mar 04, 2025

Vespa maker Piaggio posts record margin despite 'anomalous' economy

"The Piaggio Group achieved excellent margins in 2024 thanks to careful management of productivity in a highly anomalous economic situation," CEO Michele Colaninno said in a statement. Piaggio proposed a payment of final dividend of 4 euro cents for 2024, which would bring the total payout for the year to 15.5 euro cents per share.

• Mar 04, 2025

Bessent Shrugs Off Tariff Selloff, Says Wall Street Isn’t Focus

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedUS Treasury Secretary Scott Bessent projected confidence in President Donald Trump’s

• Mar 04, 2025

5 Things to Know Before the Stock Market Opens

News of the day for March 4, 2025

• Mar 04, 2025

1 Growth Stock to Target This Week and 2 to Turn Down

Growth is a hallmark of all great companies, but the laws of gravity eventually take hold. Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.