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Why ThredUp’s CEO was giving literal high-fives after Trump’s tariff policies

Could competition getting trounced by trade restrictions help the resale giant turn a profit?

4/7/25 9:51AM

You’d have been hard pressed to find many clothing company execs celebrating a single one of President Trump’s new trade policies last week — but that’s exactly what ThredUp CEO James Reinhart did.

Reinhart, the cofounder of one of the biggest names in the online clothing resale industry, reportedly high-fived a colleague on hearing that the Trump administration will close a loophole that’s allowed Shein and Temu to dominate by dodging import taxes on packages under $800 for years.

While a lot of retail stocks were hammered in the aftermath of “Liberation Day,” as key international manufacturing hubs were slapped with 30% or higher tariffs, ThredUp held up pretty well, its share price having risen modestly over the last five days. As Reinhart himself observed in the same interview, “Our supply chain is domestic,” which could help make the company become an “outlier” in the space across the coming quarters.

Still, it might take a little more than the suffering of overseas (and overseas-exposed) competitors to get ThredUp into the black any time soon.

ThredDown

Since going public just over four years ago in March 2021, ThredUp shares have slumped more than 85%, as investors have grown weary of the long path to profitability for a platform where people go to resell their clothes, shoes, and other pre-loved items. However, ThredUp is hardly alone in the challenges it faces in the secondhand clothing industry: luxury reseller The RealReal has also struggled to reach profitability since going public, down over 80% since its IPO.

Nia Warfield

14h

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Max Knoblauch

14h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Nia Warfield

9/8/25

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.