The seal of the U.S. Justice Department is seen on the podium in the Department’s headquarters briefing room. Kevin Lamarque | Reuters Two men have been indicted in New York on federal criminal charges in connection with a water vending machine Ponzi scheme that allegedly swindled investors out of more than $200 million, the Department…
People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | Reuters Shares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow. The handbag, shoe and accessory maker said costs from higher duties will total $160 million…
Paramount Skydance shares have quickly turned into the mecca for momentum-driven retail traders who piled into the stock on hype around UFC matches, according to Don Bilson, head of event-driven research at Gordon Haskett. The stock with the ticker PSKY started trading last Friday after Paramount Global’s merger with Skydance Media finalized. On Wednesday, six…
Warren Buffett has a secret. In recent quarters, Berkshire Hathaway ‘s 13F has hinted at a position it’s building under confidential treatment. Clues in the company’s 10Q filings point many observers to an industrial name, with the stake approaching $5 billion. Combined with Buffett’s well-known preference for sturdy companies with deep moats, that’s prompted guesses…
Phil Knight Matthew Staver | Bloomberg | Getty Images Nike co-founder Phil Knight is donating $2 billion to the Oregon Health and Science University’s Knight Cancer Institute, the single largest donation ever to a U.S. university, college or health institution, according to the Knight Foundation. The foundation said on Thursday the gift that will be…
Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its initial public offering at $23 per share. It last traded above $31. Paramount Skydance — The…
Institutional investors are once again playing catch-up with retail traders, according to JPMorgan. Mom-and-pop retail investors have bought newly crowned meme stocks such as Opendoor for months, according to the Wall Street investment bank. But only recently have big investors also jumped into this trade. The bet has paid off. After seven straight losing months,…
The John Deere logo is displayed as attendees view a 5105M utility tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty Images John Deere is warning that tariff costs for the agricultural machinery company…
Home Depot (HD) , a leading home improvement retailer, is scheduled to announce its fiscal second-quarter 2025 earnings next Tuesday before the market opens. Analysts forecast earnings per share (EPS) of $4.71 on revenues of $45.43 billion, representing year-over-year increases of 2.33% in EPS and 5.21% in sales. This follows a challenging Q1, where comparable…
Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Melissa Repko | CNBC Ulta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores. Shares…
