Tapestry Inc., the parent company of Coach and Kate Spade, reported record quarterly revenue and stronger-than-expected earnings on Thursday. However, despite the upbeat financial performance and raised full-year guidance, shares of the luxury retailer tumbled as investors expressed disappointment over the company’s growth outlook and ongoing challenges at its Kate Spade brand. Record quarter led […]
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Brighthouse Financial stock (NASDAQ: BHF) surged 26% on Thursday after the Charlotte-based life insurer announced a definitive merger agreement with Aquarian Capital for $70 per share in an all-cash transaction valued at approximately $4.1 billion. The offer represents a 35.1% premium to Brighthouse’s closing price of $51.80 on Wednesday and a 37.7% premium over its […]
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Nvidia stock was volatile on Thursday after Chief Executive Jensen Huang cautioned that Chinese chipmakers are rapidly catching up to US firms in artificial intelligence capabilities, a warning that rattled investor confidence in the AI trade. The stock opened slightly higher, up 0.5% in early trading, before losing ground following a 2% decline on Wednesday. […]
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US stocks declined modestly on Wednesday as investors digested a new round of corporate earnings and looked ahead to key economic data later in the week. The Dow Jones Industrial Average fell 92 points, or 0.2%, after hitting a record high in the previous session. The S&P 500 slipped 0.1%, and the Nasdaq Composite lost […]
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A series of major developments across defense, labor, and economic fronts marked a turbulent Wednesday in the United States. From the Trump administration’s decision to ease restrictions on Ukraine’s use of Western-made long-range missiles to labor disputes at Boeing, new sanctions on Russia, and renewed volatility in financial markets, policymakers and investors navigated a day […]
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Stocks were largely unchanged Thursday as investors processed quarterly earnings from major companies, including Tesla and IBM. The Dow Jones Industrial Average hovered near flat, the S&P 500 edged up 0.1%, and the Nasdaq Composite was also near breakeven. The prior session had seen notable declines, with the S&P 500 down about 0.5%, the Dow […]
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A day of significant global developments is underway, as the US retail giant Target announces a major corporate restructuring, the International Monetary Fund (IMF) issues a new and more cautious forecast for Asian growth, and Elon Musk makes a stunning demand for the largest pay package in corporate history. These events paint a picture of […]
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Elon Musk’s SpaceX-owned Starlink is nearing the finish line to launch its satellite broadband services in India, as the company undergoes mandatory security tests — one of the last major steps before receiving full commercial clearance. The trials are part of India’s telecom security process for both local and foreign players, signalling the country’s growing […]
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Tesla shares fell 2% on Friday, reversing gains from the previous session, as the National Highway Traffic Safety Administration (NHTSA) sought information about the company’s new driver-assistance mode, dubbed “Mad Max.” This mode, part of Tesla’s Full Self-Driving (FSD) system, reportedly allows vehicles to operate at higher speeds than other versions, with some drivers on […]
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The crypto market is crashing today, with Bitcoin and most altcoins being in the red. Bitcoin is in a deep correction after falling by over 15% from its highest point this year. Other top cryptocurrencies like Virtuals Protocol (VIRTUAL), SPX6900 (SPX), Aerodrome Finance (AERO), Sei (SEI), and Optimism (OP) falling by over 10% in the […]
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