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The parent company of Saks Fifth Avenue, HBC, reportedly signed a $2.65 billion deal to buy a rival luxury retailer, Neiman Marcus, according to reports on Wednesday...
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(Bloomberg) -- The US Department of Veterans Affairs and an arm of the US State Department are among a growing list of Microsoft Corp. customers that have acknowledged they were impacted by a breach of the technology giant that was blamed on Russian state-sponsored hackers.Most Read from BloombergHouse Democrats Consider Demanding Biden Withdraw From RaceBiden Struggles to Contain Mounting Pressure to Drop Out of RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysUS Allie...
Continue ReadingToday's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Meta Platforms, Inc. (META) and Tesla, Inc. (TSLA), as well as a micro-cap stock Natural Health Trends Corp. (NHTC)...
Continue ReadingThe S&P 500 advanced 0.5% on Wednesday, July 3, 2024, reaching its second straight record close in a shortened trading session ahead of Independence Day...
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Luxury behemoth LVMH Moët Hennessy Louis Vuitton which owns Louis Vuitton and dozens of other brands, had sales of about $94 billion last year. Bernard Arnault, head of luxury-goods conglomerate LVMH, has a net worth larger than that of Elon Musk and Jeff Bezos...
Continue ReadingGM and Ford grew auto sales a bit in Q2, but their EV sales jumped. Ford claimed No. 2 EV spot behind Tesla...
Continue ReadingThe S&P 500 and Nasdaq hit highs in a half-day session heading into the 4th of July, led by Tesla and Nvidia. The jobs report looms Friday...
Continue ReadingTesla shares notch their longest winning streak in almost a year; Paramount Global stock jumps thanks to deal news...
Continue ReadingAmazon initially launched the canine-like robot for household use in 2021 and launched Astro for Business last November for a range of customers including retail, manufacturing, health and wellness. "To accelerate our progress and ongoing research to make Astro the best in-home robot, we've made the decision to wind down support for Astro for Business," an Amazon spokeperson said in an emailed statement. In the email, Amazon announced a $300 credit to affected customers, which can be used to support a replacement solution for the workplace...
Continue ReadingShares of the EV maker have risen for seven consecutive trading days, adding almost $30 billion to the CEO’s wealth...
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