Business

Nike Air Jordans are losing resale value. Is sneaker culture moving on?
Business

Nike Air Jordans are losing resale value. Is sneaker culture moving on?

The famous Nike swoosh and Air Jordan logo is seen on an Air Jordan 1, called “Notorious” released from 1984-1985, during a preview for “The Rise of the Sneaker Culture” exhibit at the Brooklyn Museum in the Brooklyn borough of New York, July 8, 2015. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Sept 27 (Reuters)… […]

Volkswagen hit by IT outage, brand vehicle production in Germany halted
Business

Volkswagen hit by IT outage, brand vehicle production in Germany halted

A technician works on a model of Volkswagen ID.4, at the production line for electric car models of the Volkswagen Group in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietsche/File Photo Acquire Licensing RightsFRANKFURT, Sept 27 (Reuters) – Volkswagen (VOWG_p.DE) said it was hit by a major IT outage on Wednesday, causing production at the carmaker’s… […]

Airbnb CEO urges Parisians to put homes up for rent for Olympics
Business

Airbnb CEO urges Parisians to put homes up for rent for Olympics

PARIS, Sept 26 (Reuters) – Airbnb is expecting to host up to half a million people in Paris during the 2024 Olympics and is urging more Parisians to put their homes up for rent, Chief Executive Officer Brian Chesky said on Tuesday.The more listings there are, the more prices will be contained, Chesky told Reuters,… […]

Analysis: Tesla’s rivals scrap for thin slices of US EV sales
Business

Analysis: Tesla’s rivals scrap for thin slices of US EV sales

[1/2]The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. September 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 27 (Reuters) – Ford Motor’s (F.N) decision to hit the brakes on a planned $3.5 billion battery plant… […]

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Business

Belgium Consumer Confidence Index fell from previous -11 to -27 in September

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet… […]

CHF/JPY loses 3% after SNB rate decision, Japan FX intervention
Business

CHF/JPY loses 3% after SNB rate decision, Japan FX intervention

CHF/JPY suffered heavy losses during the European trading hours on Thursday. SNB hiked its policy rate by 75 bps following September policy meeting. Japanese government announced that they intervened in the FX market. After having touched its highest level since 1980 above 151.00 earlier in the day, the CHF/JPY pair lost over 600 pips in… […]

EUR/USD could stage a recovery if it manages to flip 0.9880 into support
Business

EUR/USD could stage a recovery if it manages to flip 0.9880 into support

EUR/USD recovered modestly during the European trading hours. The pair needs to reclaim 0.9880 to extend the rebound, FXStreet’s Eren Sengezer reports. The dollar could lose interest in case US stocks rebound “In case Wall Street’s main indexes gain traction after the opening bell, the dollar could deepen its downward correction and allow EUR/USD to… […]