Latest news with #SpencerSoper
Bloomberg
21-05-2025
- Business
- Bloomberg
Nike Returns to Amazon's Online Store as Direct Vendor
By and Spencer Soper Save Nike Inc. is returning to Inc.'s online store after leaving it in 2019, part of efforts by the world's largest sportswear company to renew growth and mend ties with key wholesale partners. Shares of Nike jumped as much as 4.2% in late trading in New York, following an earlier report from the Information. Amazon stock was little changed.
Bloomberg
05-05-2025
- Business
- Bloomberg
Effort to Close De Minimis US Tariff Loophole ‘Could Get Messy'
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Spencer Soper reports that closing the de minimis duty-free loophole for low-cost goods into the US is likely to have ripple effects across the economic landscape. Apple partners with Anthropic: The iPhone maker has joined with the AI startup on a new version of Xcode, Apple's programming software, that will use artificial intelligence to write, edit and test code. Apple will use the software internally and hasn't yet decided whether to launch it publicly.
Bloomberg
14-03-2025
- Automotive
- Bloomberg
Toymakers Worry About Safety as Tariffs Roil Business
Yes, tariffs are likely to raise the price of imported cars, but have you considered the cost of a Tonka truck? Spencer Soper writes today about the toy industry's concerns in the trade war. Plus: College presidents talk about the feeling of crisis, and a system to track payments to college athletes has a lot of unanswered questions. If this email was forwarded to you, click here to sign up. President Donald Trump's trade war with China could have unintended consequences for the littlest Americans, such as increased choking hazards, lead paint contamination and other risks, if there's a sudden global shakeup of the toy supply chain. At least that's what the industry is warning.
Bloomberg
06-02-2025
- Business
- Bloomberg
Tariffs Won't Put an End to the Temu and Shein Model
Newsletter Businessweek Daily Speedy delivery is good for factories. Plus: Super Bowl Sunday is for the gamblers. Many discount shoppers were rattled this week when additional tariffs were imposed on China, along with the closing of a loophole that exempted some goods. Spencer Soper is here to say, 'Don't panic.' Plus: Go inside the fan experience of five dedicated gamblers, who say they do it for the camaraderie as much as the money. If this email was forwarded to you, click here to sign up. Count me among the whiplashed. I went to bed late on Tuesday after helping some colleagues wrestle with an out-of-the-blue announcement that the US Postal Service would suspend inbound parcels from China and Hong Kong. Then I awoke before dawn on Wednesday to a headline that the Postal Service would resume accepting them.
Bloomberg
29-01-2025
- Business
- Bloomberg
Whole Foods Union Faces Tough Task to Secure Contract With Amazon
Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Spencer Soper writes that the union election at a Whole Foods store in Philadelphia isn't likely to produce a contract for the workers with Amazon soon. New Sony CEO: Sony is promoting CFO and President Hiroki Totoki to its top post, effective April. It's more continuity than change, as Totoki is already responsible for operations and strategy, and together with outgoing CEO Yoshida has pushed the company toward acquiring more content and entertainment rights.
