VF Corp withdraws annual forecasts on slowing demand for higher-priced apparel

American skateboarding footwear company brand Vans store seen in Hong Kong.Budrul | LightRocket | Getty ImagesVF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United States.Shares were down 4%...

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Advisors not seeing a spending slowdown

The latest economic data show Americans are continuing to open their wallets despite the rise in interest rates and stubbornly high prices. Apparently, financial advisors keeping a sharp eye on their clients’ accounts aren’t seeing much of a spending slowdown either. Consumer spending climbed 0.7% in September, up from an unrevised...

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Treasury to borrow $776 billion in the final three months of the year

US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. Olivier Douliery | Afp | Getty ImagesThe U.S. government's borrowing needs will decline slightly in the final three months...

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