The S&P 500 snaps a six-day losing streak before Big Tech’s big profit rush

Stock markets have recovered from their recent slump on Monday. But bearish strategists on Wall Street still see significant concerns that won’t go away anytime soon for stock investors. With Federal Reserve expectations for rate cuts fading, signs of inflation remaining persistent and stocks still trading at above-average valuations, many believe the market is in … Read more

FTC will block Tapestry’s acquisition of Capri

The Federal Trade Commission today filed a lawsuit challenging Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited. block, a deal that aims to combine three close competitors: Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the deal would eliminate direct head-to-head competition between the Tapestry and Capri brands. It … Read more