Ralph Lauren’s Financial Results Top Estimates

Clothing retailer Ralph Lauren (RL) has issued second-quarter financial results that topped Wall Street’s forecasts. The New York City-based company known for its polo shirts reported earnings per share (EPS) of $2.70 U.S., which was above the $2.48 U.S. consensus forecast of analysts. The profit was up 15% from a year earlier.Revenue of $1.50 billion U.S. was in line with Wall Street expectations. Sales growth was driven by a 6% year-over-year increase in Europe and a 4% gain in Asia. The strong results were attributed to several factors, including cost controls with lower marketing spending…

Asia Down as Wall St. Recovers

Asia-Pacific markets were mostly down in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India’s rate decision.In Japan, the Nikkei 225 index dropped 258.47 points, or 0.7%, to 34,831.15. In Hong Kong, the Hang Seng index poked ahead 13.97 points, or 0.1%, to 16,891.83.Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers.On Thursday, investors in Asia will assess…

Crews make progress in Jasper National Park but firefighting to continue into fall

JASPER, Alta. — Officials from Parks Canada say crews are making good progress on tackling the wildfire in Jasper National Park but expect some firefighting to continue into the fall. During a virtual press conference Tuesday, agency incident commander Landon…The post Crews make progress in Jasper National Park but firefighting to continue into fall appeared first on Canadian Underwriter.