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Gucci parent Kering’s shares plunge 15% as sales in Asia nosedive

Kering shares plunged on Wednesday, their worst day ever after the French luxury goods company warned that a downturn in Asia would cause first-quarter sales of its star brand Gucci to fall by about 20%. This is expected to be the case. Kering shares fell 12%, shedding about $8.6 billion in market capitalization, while other […]

Rangers’ nosedive threatening Metropolitan Division lead

LOS ANGELES — The reality is the Rangers, and this downward spiral into the second half of the season, which started off steeply, has exposed their true state. And with a crucial three-game series at Golden State on the horizon, the Blueshirts are in serious jeopardy of losing all the luxury they gained from their […]