HBC to Acquire Neiman Marcus Group for $2.65 Billion
HBC, the parent company of Saks Fifth Avenue, has announced its acquisition of Neiman Marcus Group for $2.65 billion. The merger will unite two iconic luxury retailers under one roof.…
Concerns Over Biden’s Debate Performance
After his State of the Union address in March, President Joe Biden appeared to allay concerns about his abilities at 81. Speaking firmly, he faced down Republican lawmakers who mocked…
The Fed’s key measure shows inflation rose 2.6% in May from a year earlier, as expected
A key economic measure from the Federal Reserve revealed Friday that May's inflation rate was the lowest in three years. A report from the Commerce Department indicated that the Personal…
Manchester City at the back of the fleet after hacking threat to Premier League fair play watchdog
A new chapter in the Premier League's romance with Manchester City and their entire relationship with the financier Fair Play has allayed the concerns of the citizens, a club that…
Japanese and Taiwanese stock markets hit record highs as Asia-Pacific rally
Asia-Pacific markets were mostly positive on Thursday, with major Japanese and Taiwanese indices hitting record highs. The Topix rose 0.85%, surpassing its all-time high of 2,886.50 set in December 1989.…
Hong Kong IPO market shows signs of recovery, says EY
On June 21, 2024, Hong Kong Exchanges and Clearing celebrated its 24th listing anniversary, amid growing optimism about the future of the city’s IPO market. In an interview with CNBC,…
Greece Introduces Six-Day Workweek, Sparking Controversy
In a significant shift from global trends, Greece has introduced a six-day workweek for some companies, aiming to improve productivity and employment. The new rule, effective July 1, is part…
Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates
Federal Reserve Chairman Jerome Powell on Tuesday expressed satisfaction with the progress made over the past year in tackling inflation, but stressed that more confidence was needed before considering a…