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Forecasts show U.S. earnings decline in second quarter

Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of further interest rate hikes this year creates more potential risks for companies. ....

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Adidas expects bumpy year despite sales beating forecast

Adidas shares jumped on Friday after better-than-expected first-quarter results, although CEO Bjorn Gulden forecast "a bumpy year with disappointing numbers". ....

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Analysis: World's apparel, sneakers hub Vietnam struggles as US ban on Xinjiang cotton bites

Tighter U.S. rules to ban imports from China's Xinjiang are compounding pressure on Vietnam's apparel and footwear makers, hitting a sector that has already shed nearly 90,000 jobs since October. ....

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Puma expects Q2 sales growth below full-year target

German sportswear maker Puma on Wednesday said it expected second-quarter sales to grow at a low- to mid-single-digit percentage rate, below its full-year target, due to high inventory levels and ongoing challenges in the market. ....

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Disney CEO Iger calls DeSantis retaliation 'anti-business'

Walt Disney Co Chief Executive Bob Iger fired back at Florida Republican Governor Ron DeSantis on Monday, saying his apparent retaliation against Disney for taking a position on legislation was "anti-business." ....

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