On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after an NBA basketball manager tweeted support for the protests in Hong Kong.
The fashion rental service has promised to pay $200 to unhappy customers as an operational shift at the company continues to cause shipping delays and canceled orders, leading some to vent their anger on social media.
China and the United States on Thursday agreed to hold high-level talks in early October in Washington, cheering investors hoping for a trade war thaw as new U.S. tariffs on Chinese consumer goods chip away at growth.
The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting U.S. retail companies to warn of price hikes.
Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, as it still struggles to shake off the fallout from a controversial advertising campaign in the country.