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Hermes Birkin sales growth slows to 5.6%, hit by Middle East conflict
Hermes reported a 5.6% rise in first-quarter 2026 revenue excluding currency fluctuations. This performance marks a significant deceleration from the 9.8%...
Amazon acquires Globalstar for $11.6B to challenge Starlink and power iPhones
Amazon signed a definitive agreement to acquire satellite operator Globalstar for approximately $11.6 billion. The cash-and-stock transaction strengthens...
Amazon buys Globalstar for $11.57B, challenging Starlink in satellite market
Amazon is acquiring satellite operator Globalstar for approximately $11.57 billion. This move bolsters the Amazon Leo initiative, formerly known as Project...
CarMax Shares Slide After Q4 Loss, Price Cuts Signal Consumer Strain
CarMax (KMX) reported a net loss of $120.7 million for its fiscal fourth quarter. A significant non-cash goodwill impairment charge primarily caused the loss....
Amazon acquires Globalstar for $11.5B, challenging Starlink and powering Apple SOS
Amazon entered a definitive agreement to acquire satellite operator Globalstar for approximately $11.57 billion. The acquisition aims to accelerate the...
Amazon acquires Globalstar, partnering with Apple to challenge SpaceX Starlink
Amazon entered a definitive agreement to acquire satellite services provider Globalstar. The deal values Globalstar at approximately $90 per share in cash or...
Amazon Nears Globalstar Acquisition, Challenging SpaceX Starlink
Amazon.com Inc. is in advanced negotiations to acquire satellite operator Globalstar Inc. Reports indicate a potential transaction announcement could occur as...
Amazon Nears Globalstar Acquisition, Challenging Musk’s Starlink
Amazon.com Inc. is in advanced negotiations to acquire satellite operator Globalstar. An official announcement could arrive as early as April 14, 2026. The...
LVMH Sales Miss Estimates, Signaling a Global Luxury Slowdown
LVMH Moët Hennessy Louis Vuitton reported first-quarter revenue of €19.1 billion. This figure represents a 6% decline on a reported basis. The results missed...
Dollar General expands AI audio to 6,000 stores, boosting ad revenue
Dollar General is expanding its in-store media capabilities through a partnership with advertising provider QSIC. The retailer will deploy an AI-enabled audio...
Tesla Wins Dutch Approval for FSD Supervised, Marking First European Milestone
Dutch vehicle authority RDW approved Tesla’s Full Self-Driving Supervised software for public roads. This decision marks the technology’s first official...
Tesla Wins Dutch FSD Approval, Launching European Expansion
The Netherlands' vehicle authority (RDW) granted Tesla the first European approval for its Full Self-Driving (FSD) Supervised software. This permit allows FSD...
LVMH reports Q1 revenue, following record 28% stock price decline
LVMH reports its first-quarter 2026 revenue today. This release kicks off the European earnings season. Investors are monitoring the results to gauge the...
Tesla faces JP Morgan warning over record inventory of 50,000 unsold cars
JP Morgan reiterated its Underweight rating on Tesla (TSLA) on April 12, 2026. Analyst Ryan Brinkman flagged a record inventory of over 50,000 unsold vehicles...
Dolce & Gabbana Chairman resigns as brand prepares for lender talks
Stefano Gabbana resigned as chairman of Dolce & Gabbana on April 12, 2026. The Italian luxury house announced the move as part of a governance and...
Tesla secures first European FSD approval, targeting 2026 expansion across EU
The Dutch vehicle authority (RDW) granted Tesla its first European type approval for Full Self-Driving (FSD) Supervised. This decision was announced on Friday,...
Tesla Secures First European Self-Driving Approval in the Netherlands
Dutch regulators approved Tesla’s supervised self-driving software for highways and city streets. This decision marks the first European approval for the...
U.S. Consumer Sentiment Hits Record Low, Driven by Surging Gas Prices
The University of Michigan’s preliminary April consumer sentiment index plunged to a record low of 47.6. This figure marks a sharp decline from the 53.3...
University of Michigan Sentiment Hits Record Low, Fueling Retail Sector Fears
The University of Michigan's preliminary consumer sentiment index fell to a record low of 47.6 in April. This reading marks a sharp decline from the 53.3 level...
US Inflation Surges 0.9% in March, Driven by Iran Conflict Energy Spike
The U.S. Labor Department reported a 0.9% surge in consumer prices on Friday. This March increase represents the largest monthly jump in nearly four years....