The U.S. Federal Trade Commission recently took a stand against the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. This move by regulators has temporarily halted a deal that would merge two major names in American luxury retail and consolidate six fashion brands under one company. The acquisition would
After June’s presidential election in Mexico, the country’s economy is expected to continue growing steadily, in line with the performance of the United States. However, there are concerns about the fiscal challenges that the new government will face. President Andres Manuel Lopez Obrador’s administration implemented spending increases in anticipation of the election, raising worries about
The recent price reductions in the electric vehicle market have had a significant impact on the shares of Tesla and Li Auto. Tesla shares dropped by 3% in premarket trading, while Li Auto experienced a significant decline to an 11-month low. This indicates the market’s reaction to the price cuts by these companies in an
Tesla, a major player in the electric vehicle (EV) market, has recently implemented significant price cuts across various key markets, including China and Germany. These reductions come in the wake of similar price decreases in the United States, signaling the company’s struggle amidst declining sales and mounting competition in the EV industry. One notable adjustment
Recent comments from the Federal Reserve’s top officials have caught the attention of market participants. Fed Chair Jerome Powell and Vice Chair Philip Jefferson have hinted that monetary policy could remain “restrictive” for a longer period. This subtle change in language has significant implications for the future path of interest rates. By avoiding the more
Goldman Sachs analysts are in the process of recalibrating projections for the Indian pharmaceutical sector during the ongoing Q4 FY24 earnings season. Their analysis takes into account a variety of factors, such as monthly sales data and currency fluctuations, to provide a comprehensive outlook for the sector. Notably, major players like Sun Pharma, Cipla, and
After a period of uncertainty surrounding tensions in the Middle East, Asian stocks managed to recover some losses on Monday as fears of a wider conflict subsided. This shift in market sentiment caused bond yields to rise and investors to gravitate back towards riskier assets. Gold and the safe-haven dollar also retreated from their recent
In the world of the uber-wealthy, investing strategies differ greatly from the average investor. Centimillionaires, those with a net worth of over $100 million, have a distinctive approach to managing their wealth. This elite group, numbering around 28,420 globally, is primarily concentrated in major financial hubs such as New York City, the Bay Area, Los
The dominance of Warner Bros/Legendary Entertainment’s Godzilla x Kong: The New Empire at the global and international box office has been unrelenting for the past four weekends. Despite the lack of wide releases on a global scale since the beginning of the year, major titles like this one continue to attract audiences. Noteworthy mentions also
The recent weekend marked a shift in the box office landscape, as wide releases dominated the top ten without any specialty films making the cut. This change comes after weeks of successful indie titles like Late Night With The Devil, Love Lives Bleeding, One Life, and Wicked Little Letters enjoying their time in theaters. Distributors