The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since…
MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. The…
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s…
In this video, Mary Ellen spotlights the areas driving market momentum following Taiwan Semiconductor’s record-breaking earnings report. She analyzes continued strength in semiconductors, utilities, industrials, and AI-driven sectors, plus highlights new leadership in robotics and innovation-focused ETFs like ARK. From there, Mary Ellen breaks down weakness in health care and…
The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside. How much longer can this last? That’s been the biggest question since the massive April 9…
Speaking ahead of this week’s gold and silver price correction, Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, said the metals were due for a ‘significant pullback.’ After that, they’ll be positioned for a new leg up. ‘There will be a time definitely to get back into metals, because I think…
Brightstar Resources (BTR:AU) has announced Strategic $180M capital raising funds Goldfields development Download the PDF here. This post appeared first on investingnews.com
Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that it has received acceptance into the U.S. Defense Industrial Base Consortium (‘DIBC’), a U.S. Department of Defense-supported initiative designed to support collaboration across industry, academia, and government in advancing solutions relevant to U.S. defense…
Matthew Piepenburg, partner at Von Greyerz, breaks down what’s really driving the gold price, going beyond headlines to the ongoing debasement of the US dollar. He also discusses silver market dynamics. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. This post…
Jeff Clark, founder of Paydirt Prospector, remains bullish on the outlook for gold and silver, emphasizing that cash is key when prices correct. ‘Even though I’m very long, and even though I haven’t taken profits on a lot of things, the number one antidote to a crash or a correction…