The brand expects to see a double-digit decline in wholesale revenue in the U.S. by 2025.

Solid quarter, but offsetting sales caught investors off guard.

The SPDR Homebuilders ETF (NYSE:XHB) fell 1.8% in mid-pan on Tuesday, hitting its lowest level since February 26, 2024, as homebuilder stocks faced a sharp decline amid negative economic data. The index has fallen about 101 TP3T since the start of the month, the first market correction since September 2023, after surging 601 TP3T in the previous six months through the end of March. The worst performers in the U.S. residential construction category on Tuesday were Installed Building Products, Inc.

Stocks are expected to rebound broadly from the sharp sell-off as investors digest the industry merit of U.S. banks and other heavyweights.

Adidas' newly launched Yeezy line generated revenues of approximately €150 million.

Wall Street bosses are finally seeing signs of a broader turnaround in investment banking, but they are not yet cheering. In the first quarter, the investment banking divisions of the biggest U.S. banks grew strongly, with revenues and fees rising sharply. The capital markets are leading the recovery, executives say.

Dr. Martens, the maker of thick-soled boots, has warned of a tough year ahead. Shares of Dr. Martens tumbled more than 30% on Tuesday as the iconic British brand forecast a double-digit drop in wholesale revenue from its biggest market, the U.S., compared with last year. Shares of Dr. Martens were temporarily suspended from trading on the London Stock Exchange earlier Tuesday, with the stock falling to an all-time low of £0.64, according to FactSet.

Bill Gates, the world's eighth richest man, has a penchant for dividend income. His investment portfolio, which is expected to bring him $463.2 million this year, clearly reflects his investment preferences. Gates' investment strategy is based on selecting companies with high dividend yields, reflecting his commitment to a stable, long-term income stream. The recent 13F filing by the Bill & Melinda Gates Foundation Trust shows that a significant portion of this income is