A luxury retail giant is accelerating its restructuring efforts by selling its beauty business and ending a decade-long licensing partnership a year ahead of schedule. The transaction transfers one of fashion’s biggest beauty brands to a new long-term partner, ending an agreement that wasn’t set to expire for another year. It’s a move that also
Semiconductor equipment makers have spent most of this decade at the mercy of a single question. How long will chipmakers keep spending? For years, nobody knew the answer. Fabrication plants planned in short cycles, and equipment suppliers assumed the boom would eventually slow down. That assumption is being tested in 2026, and Applied Materials (AMAT)
The Air Operator’s Certificate, a license that is granted by the government agency regulating aviation in a given country, is the single most critical license that an airline needs to run commercial flights. It is issued once a new carrier proves that it has the needed aircraft, staff and safety systems to operate as an airline and
Levi Strauss has spent more than 150 years convincing consumers that jeans belong in almost every wardrobe. Now, its next growth challenge is getting those shoppers to buy much more than denim bottoms. The company is expanding into shirts, sweaters, dresses, shorts, and other lifestyle products while targeting a wider range of budgets. At one
Investors came into July expecting a familiar stock market setup leaning on resilient earnings and AI spending, along with a seasonal stretch favoring equities. Though Morgan Stanley doesn’t feel that setup has gone away, it warns of a much narrower margin for error. There’s a major $1.2 trillion question hanging over Big Tech’s AI buildout.
June was a brutal month for the Magnificent Seven. The group shed roughly $2.3 trillion in market value and is down more than 13% since mid-May. While memory chip makers and networking vendors supplying the AI buildout have outperformed, the hyperscalers writing the checks have taken the hit. Jim Cramer owns six of the seven
Advanced Micro Devices (AMD) bulls were expecting Wall Street to continue rewarding the stock following a momentous run spearheaded by AI demand, data-center expansion, and renewed confidence in the chipmaker’s roadmap. For perspective, according to Seeking Alpha, AMD has dramatically outperformed the broader market, surging 5.6% over the past week, 15% over the past month,
Short sellers usually do not receive much sympathy when stocks are climbing. And when the surge is linked to artificial intelligence, record highs, and a White House keen to take credit for investor gains, they make even easier targets. Which is what made U.S. President Donald Trump’s latest sally against gloomy investors more than just
Verizon has spent years arguing that its network quality is the one thing competitors cannot replicate. On July 9, it found another place to prove that point. BMW is giving it the keys, figuratively, to the connectivity layer running inside every new BMW, MINI, and BMW Group vehicle sold in the United States. The deal
Walmart and Sam’s Club revealed on July 6 that they are lowering their prices across the country to help shoppers save money on common products this summer. Walmart is cutting prices on thousands of products, including groceries, household essentials, toys, and clothes. At the same time, Sam’s Club is dropping prices on more than 250