Hello, friends and Coins2Day readers,
A coworker just pointed out to me that it is officially one month until Labor Day here in the U.S. The summer, as always, has flown by. Do what you can with what’s left. With that in mind, here’s what you need to know while you’re in your office not enjoying the weather today.
1. Michael Kors has reported earnings.
People must really be buying a lot of watches. The luxury retailer Michael Kors has just reported stronger-than-expected comparable sales in North America and Europe and raised its sales and profit forecast for the fiscal year.
2. Goldman could be looking to cut down Bloomberg.
If you’re a trader, there’s a decent chance you’ve spent some time idling away on your Bloomberg terminal, chatting and pretending to look things up. Well, Goldman is looking to change all that, potentially investing in a tech start up called Perzo, which wants to cut into the Bloomberg terminal’s clientele, according to Reuters. You’ve been warned, Michael.
3. Wal-Mart has a new web site.
The retailing giant wants to compete more with Amazon, so it has tweaked its website, according to the Associated Press. Until a greeter says hi when I log on, though, they won’t truly replicate the Wal-Mart experience.
4. McDonald’s is bringing burgers back to China.
Just two weeks after reports of systemic food safety violations at a key supplier to McDonald’s, the fast-food chain is planning to bring back its full menu in China. The menu will return to normal in Beijing and Guangzhou this week, while Shanghai will come later this month, according to Reuters.
5. The NFL is back, kind of.
After a summer of joining the rest of the world in delighting in the pleasures of soccer (football), Americans can now get back to the kind of football we generally prefer — the one with first downs, shoulder pads and beer commercials every five minutes. The Giants beat the Bills in the first game of the pre-season last night. Real action starts next month.