103-year-old iconic workwear brand sold amid financial struggles

Aldi's CEO has raised concerns about significant price changes affecting consumers. The warning highlights the increasing pressures on the retail sector.

Editor’s Note: This matters because rising prices can impact consumer spending and overall economic stability. Understanding these changes helps consumers prepare for potential financial challenges.

Sainsbury's has confirmed that talks to sell its Argos retail business to Chinese retailer JD.com have collapsed. The supermarket had hoped to offload Argos, which it acquired for £1.1 billion in 2016.

Editor’s Note: This matters because the failed sale reflects ongoing challenges for Sainsbury's in managing its retail portfolio and adapting to competitive pressures in the market. The outcome could impact the company's strategy moving forward.

Walmart's recent earnings report reveals significant potential for growth, showcasing strong performance and strategic initiatives that could enhance profitability.

Editor’s Note: This matters because Walmart is a major player in the retail sector, and its financial health can influence market trends and investor confidence. Understanding its earnings power can provide insights into the broader economy.

Google has announced a significant investment of $6.8 billion in the UK, coinciding with President Trump's upcoming state visit. This move is expected to boost the local economy and create numerous job opportunities.

Editor’s Note: This investment is crucial as it highlights the ongoing commitment of major tech companies to the UK market, especially in light of political changes. It reflects confidence in the UK's economic future and could lead to advancements in technology and infrastructure.

The Federal Reserve's September meeting begins amid concerns about its independence being compromised. This situation raises questions about the future of monetary policy and its impact on the economy.

Editor’s Note: The independence of the Federal Reserve is crucial for maintaining effective monetary policy. If this independence is perceived to be under threat, it could lead to instability in financial markets and affect economic growth.

VietJet is set to receive its first Boeing 737 MAX jet after facing significant delays. This delivery marks a crucial step for the airline as it expands its fleet.

Editor’s Note: This delivery is important for VietJet as it enhances their operational capabilities and competitiveness in the aviation market. The Boeing 737 MAX is known for its efficiency and performance, which could benefit the airline's growth.

A Chinese biotech company's stock has surged over 4,500% since its debut in Hong Kong, raising concerns about speculative buying in the market.

Editor’s Note: This rapid increase in stock price may indicate a bubble, which could lead to significant losses for investors if the market corrects itself. Understanding these trends is crucial for investors and regulators.

Asian foreign exchange firms are experiencing a slight uptick as the dollar weakens, influenced by potential rate cuts from the Federal Reserve. This shift could enhance trading conditions in the region.

Editor’s Note: This development is significant as it indicates a potential easing of monetary policy by the Fed, which could lead to more favorable trading conditions for Asian markets. A weaker dollar often boosts exports and can stimulate economic growth in the region.

ChowChow Cloud has priced its initial public offering at $4 per share on the NYSE American, marking a significant milestone for the company.

Editor’s Note: This IPO is important as it allows ChowChow Cloud to raise capital for growth and expansion, while also providing investors an opportunity to participate in the company's future.