Reported 9 days ago
The Prada Group has announced the acquisition of the Italian fashion house Versace from the U.S. luxury group Capri Holdings for a deal valued at $1.4 billion. The purchase is seen as a complementary addition to Prada's portfolio and offers significant growth potential for Versace, which has struggled under Capri Holdings since its purchase in 2018. The deal is expected to be finalized in the second half of the year and will be funded by new debt.
Source: YAHOO
Reported 9 days ago
Last week, applications for unemployment benefits in the U.S. increased by 4,000 to a total of 223,000, which is still lower than analysts' expectations. Despite the rise, the labor market appears resilient, with employers adding 228,000 jobs in March and a relatively stable unemployment rate of 4.2%. Concerns about potential job cuts from federal agencies and the ongoing trade war linger, but overall job availability remains promising.
Source: YAHOO
Reported 9 days ago
The latest data reveals a marginal rise in new unemployment claims in the U.S., increasing by 4,000 to a total of 223,000 for the week ending April 5. This uptick comes amidst uncertainties generated by President Trump's trade tariffs, which have strained business and consumer morale. Despite adding 228,000 jobs in March, the unemployment rate slightly increased to 4.2%. The overall labor market remains stable, but concerns about future layoffs and hiring persist.
Source: YAHOO
Reported 9 days ago
Wealthy U.S. buyers have made significant purchases of Spanish property, paying the highest average prices among foreign investors last year, contributing to the ongoing housing crisis in Spain. Their involvement has quadrupled compared to five years ago, largely driven by economic factors and interest in Spanish culture. While British buyers remain the largest foreign group, their share has declined, indicating a shifting market dynamic, with Spanish property prices rising significantly amid concerns over affordability.
Source: YAHOO
Reported 9 days ago
Singapore's SC Capital Partners is reportedly negotiating to purchase British data centre group Global Switch, currently owned by Jiangsu Shagang Group. The deal, valued between $4 billion and $5 billion, is not guaranteed and contingent upon market conditions. Global Switch's growing significance in digital infrastructure continues to attract investor interest despite macroeconomic challenges.
Source: YAHOO
Reported 9 days ago
The United States is nearing trade deals with 15 countries as White House economic adviser Kevin Hassett disclosed that tariff agreements are being considered following President Trump's recent decision to lower certain duties. Hassett anticipates significant progress on these negotiations in the coming weeks, stressing the administration's commitment to finalize agreements with key trading partners despite recent market volatility triggered by escalating trade tensions.
Source: YAHOO
Reported 9 days ago
In March, inflation decreased by 0.1%, contrary to economists' expectations of a 0.1% increase. Core inflation rose by 0.1% from February, below the anticipated 0.3%. Year-over-year, consumer price index (CPI) was recorded at 2.4%, slightly under the expected 2.5%. Various indices such as airline fares and used cars saw declines, while food prices rose moderately.
Source: YAHOO
Reported 9 days ago
Prada Group has announced the acquisition of the Versace fashion house from its U.S. owner in a deal valued at $1.4 billion.
Source: YAHOO
Reported 9 days ago
Prada has announced its acquisition of fashion rival Versace for $1.375 billion, including debt, marking a significant consolidation in the luxury fashion sector. This strategic move aims to bolster Prada's market presence despite a downturn in luxury demand, while providing Versace with a robust platform for growth. The merger occurs following the resignation of Donatella Versace as chief creative officer, and Prada's leadership emphasizes a commitment to preserving Versace’s legacy while expanding its customer base.
Source: YAHOO
Reported 9 days ago
In March, inflation pressures eased significantly, with annual core consumer prices rising at the slowest rate in four years, according to the Consumer Price Index (CPI) report. The report showed a 2.4% increase in annual consumer prices, down from 2.8% in February. However, experts caution that recent tariffs imposed by the Trump administration may lead to increased price growth in the future, keeping the Federal Reserve cautious about interest rate adjustments.
Source: YAHOO
Reported 9 days ago
Inflation decreased more than anticipated last month, largely due to a significant drop in gas prices, indicating a cooling of prices ahead of impending tariffs.
Source: YAHOO
Reported 9 days ago
Applications for US jobless benefits have seen a slight increase, indicating a labor market that remains largely unaffected by ongoing trade tensions.
Source: YAHOO
Reported 9 days ago
In 2025, a strong link has developed between global oil prices and U.S. stocks, largely driven by worries over economic slowdown and the ramifications of President Trump's tariffs. As both asset classes respond to fears of growth, investors are reevaluating diversification strategies and some are shifting investments away from crude oil towards safer commodities like gold. Experts suggest that the correlation may weaken if tariff impacts are reduced.
Source: YAHOO
Reported 9 days ago
In his annual letter to shareholders, Amazon CEO Andy Jassy highlighted the company's focus on investing billions into artificial intelligence to enhance customer experiences and maintain competitiveness. He pointed out the need for significant investments in AI technology and infrastructure, including AI chips and data centers. The letter also noted Amazon's recent initiatives in generative AI, including the revamped Alexa voice assistant and partnerships with startups, amid a challenging market climate.
Source: YAHOO
Reported 9 days ago
Used-car retailer CarMax reported a fourth-quarter profit that did not meet Wall Street expectations due to higher borrowing costs affecting consumer purchasing behavior. Despite a 6.7% increase in revenue to $6 billion, adjusted profits of 64 cents per share fell slightly below the anticipated 65 cents. This has resulted in a 7.5% drop in shares as industry trends show consumers shifting towards new vehicles amid concerns over affordability.
Source: YAHOO
Reported 9 days ago
On April 10, 2025, U.S. stock futures are retreating after a significant rally driven by President Trump's announcement of a temporary halt on tariffs. Concurrently, international markets, particularly in Asia and Europe, are experiencing gains. The Consumer Price Index is anticipated to show a decline in inflation for March, while U.S. Steel stocks have dropped following Trump's opposition to foreign ownership. CarMax's stocks have also seen a downturn due to disappointing quarterly profits and sales.
Source: YAHOO
Reported 9 days ago
Procter & Gamble, the maker of Tide detergent, is being investigated by EU antitrust regulators alongside Coca-Cola bottlers for potential market manipulation and trade restrictions in the non-alcoholic drinks sector. The inquiry began last month and has involved inspections and evidence gathering, although no formal charges have been made against Procter & Gamble so far.
Source: YAHOO
Reported 9 days ago
UBS Chairman Colm Kelleher confirmed the bank's commitment to a $3 billion share buyback in 2025 despite potential capital rule changes and global economic instability. The plan includes $1 billion in shares during the first half of the year and an additional $2 billion later on. While 93.5% of shareholders approved the initiative, the Ethos Foundation criticized it as inappropriate in the current political context, urging for capital to be preserved for stability.
Source: YAHOO
Reported 9 days ago
US stock markets experienced significant declines as the initial enthusiasm over President Trump's temporary pause on tariffs waned. The S&P 500 and Nasdaq saw drops of over 2%, reflecting concerns about escalating trade tensions with China after Trump raised tariffs on Chinese imports. Despite a brief market rally following the announcement, analysts warn of potential economic impacts as underlying trade policies remain in place.
Source: YAHOO
Reported 9 days ago
Germany's economy is projected to remain largely stagnant in 2025, following two years of contraction. Economic institutes predict a mere 0.1% growth this year, influenced by uncertainty from U.S. tariffs on imports, which could further limit growth by an additional 0.1 percentage points. Despite hopes for revitalization under a new government, challenges remain as the effects of recent trade policies are difficult to gauge.
Source: YAHOO
Reported 9 days ago
AppLovin Corporation (NASDAQ:APP) is navigating through challenges posed by new tariffs affecting the AI sector, which analysts believe may hinder the growth of AI technology in the U.S. despite its reliance on overseas hardware. While recent tariff policies threaten the AI landscape, analysts maintain an 'Overweight' rating on AppLovin, emphasizing its strong performance in mobile gaming and e-commerce ad revenues. Despite potential headwinds, optimism remains in the tech sector regarding investments in AI.
Source: YAHOO
Reported 9 days ago
IBM has launched the z17, its next-generation mainframe designed to enhance AI capabilities across various industries. With the AI technology integrated into its infrastructure, the z17 aims to improve business processes by providing over 250 AI use cases, such as loan risk assessment and retail crime management. Despite the challenges posed by recent tariffs impacting the AI industry, IBM remains a key player as it emphasizes the importance of reliable infrastructure in maximizing AI's potential.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
Source: INVESTORS
Reported 9 days ago
Source: INVESTORS