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The April-June period was Rakuten's 12th straight quarter of losses as its mobile offering has failed to bring in the customers to cover the immense costs of building out the network.
Foxconn: The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion from a revised T$33.29 billion in the same period the previous year.
Canoo: Electric vehicle startup initiates hiring and investment in state facilities, anticipates market reaction to Q2 financial results.
Ralph Lauren: After a robust spending spree last year, affluent shoppers in the U.S. have now cut back on luxury goods purchases as sticky inflation and high interest rates have spooked even the wealthy.
Under Armour, like many other clothing brands, has offered steeper discounts to clear its bloated inventories by attracting budget-conscious customers that have otherwise cut back on non-essential purchases in the face of higher prices, rents and interest rates.