The US Federal Trade Commission (FTC) has recently blocked Tapestry’s $8.5 billion acquisition of Capri Holdings, bringing Chair Lina Khan’s strict antitrust measures back into the spotlight. Khan, with her uncompromising stance on monopolistic takeovers is often raising concerns within business circles and is also a frequent target of congressional…
The Venezuelan government, under Nicolás Maduro, expressed its deep discontent on Thursday following Brazil’s decision to block its admission into the BRICS group of emerging economies. Caracas views this decision as a “hostile action” and a form of “aggression” against its interests, given that Venezuela has been striving for years…
Bitcoin has rallied another 10% in recent weeks but Paul Tudor Jones continues to see further upside in the world’s largest cryptocurrency by market cap in the months ahead. The billionaire hedge fund remains bullish on BTC as “all roads lead to inflation” regardless of who wins the 2024 US…
Lululemon (LULU) stock price has crawled back in the past few weeks as some investors buy the dip. After bottoming at $225 on August 5, the stock has jumped by over 30% to $304. It remains about 40% below its highest level this year. Lululemon is a bruised company For…
Scottish Mortgage Investment Trust (SMT) has done modestly well in the last two years as many portfolio companies have bounced back. After bottoming at 600p in May 2023, the stock ended the week at 880p as some of its constituent companies published relatively strong earnings. However, SMT has continued to…
Oracle (ORCL) stock has silently done well in the past decades, transforming Larry Ellison into the fourth-richest person globally with a $186 billion fortune. It has risen in the last two consecutive months and is sitting near its all-time high of $180. Oracle shares have soared by over 346% in…
BuzzFeed (BZFD) stock price has erased some of the gains made earlier this year as concerns about the company continues. It initially surged to a high of $4.5 after Vivek Ramaswamy invested in it a few months ago. It has now crashed by almost 50% to the current $2.36, bringing…
On October 25, Denny’s Corp (NASDAQ: DENN) received a boost when Citi analysts upgraded the stock to a “Buy” from “Neutral.” The upgrade came alongside a revised price target of $7.50 from $7, reflecting increased optimism around the company’s strategic initiatives. Citi’s analysts highlighted improvements in cost discipline and the…
US benchmark equity averages rose on Friday as the market ended a three-day losing streak. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while S&P 500 rose 0.8% from the previous close. The Nasdaq Composite gained more than 1.3% on Friday. Nasdaq and S&P 500…
