Since King Donald the First imposed his punitive tariffs, U.S. stocks have lost six trillion dollars in value – and deranged, demented, delusional Donald had this to say today:
Trump stands by far-reaching tariffs, calling them a 'beautiful thing to behold' as stock futures plummet
https://nypost.com/2025/04/06/us-new...tures-plummet/
Mario Prada founded the luxury fashion house Prada in 1913 in Milan. Giovanni "Gianni" Versace founded the luxury fashion house Versace in 1978 in Milan. Shares of Prada closed today at 12.65, a gain of 0.30 (2.43%). Shares of Versace parent company Capri Holdings closed at 14.63, a drop of 1.73 (10.57%).
Prada agreees to buy fashion rival Versace for $1.375 billion
https://www.cnn.com/2025/04/10/style...ace/index.html
Americans voted for Donald Trump because they thought our nation's economy would thrive under a Trump Presidency – but the three highest monthly layoff totals and the eight highest Dow Jones point drops have all occurred during Trump's time in office.
Jobs suffer yet another blow under Trump
Sacramento Bee, Apr 12 2025
Layoffs in the U.S. have reached their highest levels since the pandemic’s peak, as federal workforce cuts under the Department of Government Efficiency continue. Employers announced 275,240 job cuts in March, up 60% from February and marking the third-highest monthly layoff figure on record. April and May 2020 are the only months to surpass this level of workforce reductions.
https://www.sacbee.com/
Walmart founder Sam Walton opened the first Sam's Wholesale Club store in 1983 in Midwest City, Oklahoma. The chain, renamed Sam's Club in 1990, now has 600 locations and plans to open 15 new stores each year for the next decade – and all Sam's Club shoppers will have to have a smartphone. Shares of parent company Walmart closed today at 93.22, a gain of 2.03 (2.23%).
Sam’s Club plans to eliminate all checkout lanes and self-checkout in favor of Scan & Go
https://www.kristv.com/news/local-ne...vor-of-scan-go
Royal Paper, founded in 1992 in Gila Bend, Arizona, has distribution centers in Phoenix and Duncan, South Carolina, and manufactures bath tissue, facial tissue, paper towels and napkins that are sold under a variety of brand names.
Royal Paper, company that makes toilet paper for Aldi, Kroger, Whole Foods, Trader Joe's, files for bankruptcy
https://www.mlive.com/news/2025/04/c...ankruptcy.html
United Parcel Service was founded in 1907 in Seattle as American Messenger Company, a telegram and package delivery service.
UPS to cut 20,000 jobs, close 73 facilities as it reduces amount of Amazon shipments it handles
https://www.usnews.com/news/business...nts-it-handles
On April 29, Skechers was one of several footwear manufacturers who warned King Donald the First in a letter that his punitive tariffs would hit them "particularly hard," leading to increased costs and putting "tens of thousands of jobs" at risk. Shares of Skechers closed today at 61.39, a gain of 11.99 (24.27%). The company will be taken private.
In a trade-war whirlwind, shoemaker Skechers is sold for $9.42 billion to 3G Capital
https://apnews.com/article/skechers-...631fbe249bae4c
Jean Nidetch and Al and Felice Lippert founded Weight Watchers in 1963 in Queens, New York. In 2018, the company shifted its focus from weight loss to overall health and wellness and was renamed WW International. The company now has $1.15 billion in debt. Shares of WW closed today at 0.45, a drop of 0.34 (43.04%).
Weight Watchers files for bankruptcy, plans pivot to telehealth
The company has struggled with a heavy debt burden and competition from new prescription drugs.
https://www.huffpost.com/entry/weigh...b0a7eb6001db34
Rite Aid, originally Thrift D Discount Center, was founded by Alexander Grass in 1962 in Scranton, Pennsylvania. It is – or was – the third-largest drugstore chain after CVS and Walgreens.
Rite Aid set to close all 1,240 store locations amidst bankruptcy
https://www.goodhousekeeping.com/lif...tore-closures/
A majority of Microsoft's layoffs will be in management. Fifty-five percent of Microsoft's 228,000 employees work in the United States.
Microsoft to cut 3% of its workforce
https://www.nbcnews.com/business/bus...ffs-rcna206517
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