Did Tapestry (TPR) Purchase Another Leaked Vessel? On Thursday, Tapestry Announce plans to buy Competitor Capri Holdings (CPRI) for $8.5 billion, or $57 a share. That means Capri’s brands—Versace, Jimmy Choo, and Michael Kors—will join the Tapestry Company’s existing portfolio of luxury brands, which consists of Coach, Kate Spade, and [...]
The Dow Jones Industrial Average closed near session lows after giving up ground early Walt Disney (dis) jumped after his report. Noted fund manager Cathy Wood campaigned Roblox (RBLX) despite the massive decline of the stock. China stock Ali Baba (Baba) vault after earnings. X Meanwhile, a couple of stocks [...]
Real estate projects under construction in the downtown area on July 9, 2007 in Chongqing Municipality, China.China Pictures/Getty Images Country Garden, a massive Chinese real estate developer, defaulted on interest payments on dollar bonds this week. “Any default will affect China’s housing market more than the collapse of Evergrande,” said [...]
Stocks rose on Thursday as newly released data It showed that the inflation rate rose year-on-year for the first time in more than a year, but the trends of de-inflation remained positive. At the close, the Dow Jones Industrial Average (^DJI) was up around 0.2%. The S&P 500 (^GSPC) was [...]
UPS drivers will earn an average of $170,000 in wages and benefits at the end of a five-year contract for their union I negotiated with the carrier last month to Avoid the hitUPS CEO Carol Twomey said during an earnings call this week. The deal, reached on July 25, will [...]
