In a significant turn of events within the luxury fashion sector, Capri Holdings and Tapestry, two prominent U.S.-based luxury brands, have mutually agreed to terminate their $8.5 billion merger. The decision came on Thursday, following a successful lawsuit from the Federal Trade Commission (FTC) aimed at blocking the proposed deal. Originally announced in August 2023,
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China’s stock market has recently experienced a pivotal moment, characterized by the unveiling of a substantial $1.4 trillion debt swap initiative. Despite its scale, this program has drawn skepticism from investors who anticipated more robust direct support from the government. As the Chinese economy navigates turbulent waters, investors find themselves confronted with the necessity of
In the ever-competitive world of toy manufacturing, even the smallest blunder can ignite a storm of controversy, and Mattel has found itself precisely in the eye of such a storm. Recently, the company faced backlash concerning its line of “Wicked”-branded fashion dolls, which were supposed to channel the excitement surrounding the upcoming adaptation of Universal’s
In recent remarks made at The Bond Buyer California Public Finance conference, Dave Sanchez, the head of the Securities and Exchange Commission (SEC) Office of Municipal Securities, underscored an alarming trend regarding new-issue pricing in municipal finance. As established in the SEC’s 2025 exam priorities, there is a heightened focus on municipal advisors and broker-dealers.
In the latest Morning Meeting of the CNBC Investing Club led by Jim Cramer, the stock market presents a tapestry woven with both cautious optimism and underlying tensions. On Monday, the S&P 500 index managed to edge upward, marking an extension of its recent rally following the elections, which has seen the index achieve unprecedented
Investing in the stock market is an intricate dance of timing, strategy, and informed decision-making. Each weekday, the CNBC Investing Club with Jim Cramer provides keen insights, particularly in the afternoon, when traders prepare for the last hour of trading. This article unpacks the key themes and dynamics presented in the latest market trends, focusing
As the earnings season approaches its conclusion, investors remain keenly focused on the final set of reports from major companies that may influence market trends. This quarter, well-known corporations such as Home Depot and Disney are poised to reveal their financial performance, which could provide critical insights into the future trajectory of the stock market.
As 2023 unfolds, the cinematic landscape is replete with vibrant innovations, and Universal Pictures is riding high on the success of their upcoming adaptation of the beloved Broadway musical, “Wicked.” Slated for release on November 22, this film is set to capitalize on the popularity of the stage production, which has captivated audiences since its
Wall Street’s shifting views often dictate the performance of retail stocks, and currently, analysts are optimistic about Home Depot while expressing caution regarding Best Buy. On Friday, the Telsey Advisory Group, a notable player in retail market analysis, upgraded Home Depot’s stock rating from a hold to a buy-equivalent outperform. This change signals a robust
Rivian Automotive, an ambitious player in the electric vehicle (EV) market, recently faced a considerable setback as it lowered its earnings forecast for the year. This move came on the heels of dismal third-quarter performance, which fell short of Wall Street’s expectations across key financial metrics. The company’s struggles, particularly in revenue generation and production,