(Bloomberg) -- The $2.7 billion acquisition of Neiman Marcus by Saks Fifth Avenue’s owner last year was supposed to create a luxury powerhouse. Instead, both department stores are losing customers and sales to competitors including Bloomingdale’s and Nordstrom. Most Read from BloombergAre Tourists Ruining Europe? How Locals Are Pushing BackForeign Buyers Swoop on Cape Town Homes, Pricing Out LocalsTrump’s Gilded Design Style May Be Gaudy. But Don’t Call it ‘Rococo.’Denver City Hall Takes a Page...
Continue ReadingAmazon shares remain in the spotlight as the e-commerce giant’s annual Prime Day gets underway this week and the Trump administration indicated it would continue to delay tariffs. Monitor these crucial chart levels...
Continue ReadingSAN JOSE, Calif., July 07, 2025--McAfee, a global leader in online protection, today released its 2025 Global Prime Day Scams Study, revealing concerns about how scammers are using AI-powered technology to deceive Prime Day shoppers. McAfee Labs has identified over 36,000 fake Amazon websites and 75,000 Amazon impersonation texts designed to exploit the buzz of this event and steal shoppers’ personal information and financial details...
Continue ReadingXPeng is creating some waves in the electric vehicle sector after unveiling its Turing chip in its latest electric vehicle model...
Continue ReadingS&P 500 is showing strong signs of overvaluation, with the Buffett Indicator at record highs. Click here to find out why SP500 is a Sell...
Continue Reading(Updates with Apple's statement in the second and third paragraphs.) Apple (AAPL) has filed an ap...
Continue ReadingDiscover investment strategies for the emerging Intelligence Economy...
Continue ReadingCapgemini said Monday that it was offering to buy WNS at a 17% premium to the stock's price as of Thursday's closing bell...
Continue ReadingInvesting.com -- UBS analysts warn that the reported new U.S. export restrictions on AI chips to Malaysia and Thailand could create turbulence for tech investors, as the Trump administration aims to block China’s indirect access to high-performance semiconductors...
Continue Reading(Bloomberg) -- Michael Saylor’s Strategy registered an unrealized gain of $14.05 billion in the second quarter due to a rebound in Bitcoin’s price and a recent accounting change.Most Read from BloombergAre Tourists Ruining Europe? How Locals Are Pushing BackForeign Buyers Swoop on Cape Town Homes, Pricing Out LocalsTrump’s Gilded Design Style May Be Gaudy. But Don’t Call it ‘Rococo.’Massachusetts to Follow NYC in Making Landlords Pay Broker FeesIn California, Pro-Housing ‘Abundance’ Fans Rewrite...
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