Fashion stocks posted strong gains after the news broke that some tariffs will be delayed until mid-December. 🔐
Just days after Yang Mi severed ties with Versace over slights to Chinese sovereignty, Coach and Givenchy too have run afoul of the same sensitive issue. The two brands issued apologies on their official Weibo accounts on Monday for giving off the impression that Hong Kong and Taiwan are separate countries. Liu Wen, Coach ambassador and China’s most high-profile model, publicly distanced herself from the brand on Monday morning, as did actress Guan Xiaotong.
#wwdfashion #copenhagenfashionweekThe Council of Fashion Designers of America is facing criticism over jeweler Kara Ross seat on its board and one outraged designer has canceled their membership in response. Ross, the wife of billionaire real estate tycoon and investor Stephen Ross, is said to have helped plan her husband’s Hamptons fundraiser this weekend for President Donald Trump’s reelection campaign.
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Stocks soar after US delays new tariffs on Chinese goods to December 15The United States delays tariffs on Chinese-made cellphones, laptop computers and other items and removes other Chinese imports from its target list altogether.
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European stocks set to open higher after Trump delays China tariffsEuropean stocks are set to climb on Wednesday amid a worldwide market rally after U.S. President Donald Trump on Tuesday postponed the September 1 deadline for 10% tariffs on remaining Chinese imports.
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Cramer: Trump's tariff delay short squeezed stocks to spark a rallyTrump gave the market a boost when it seemed like 'everything is falling apart and the stock market's about to roll over,' Jim Cramer says.
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Cramer breaks down the biggest winning stocks from Trump's tariff delay'This a home-run day for Apple, huge wins,' Jim Cramer says.
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U.S. Stocks Rally on Tariff DelayStocks, bond yields and commodities jumped as news that the U.S. would delay some tariffs against China rekindled hopes for a trade truce among investors.
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