Tapestry Approves Sale of Stuart Weitzman Footwear Brand to Caleres for $105 Million
Tapestry Inc., the parent company of well-known handbag brands Coach and Kate Spade, has announced its decision to sell the footwear brand Stuart Weitzman to Caleres Inc. for $105 million in an all-cash transaction. This strategic move is aimed at enabling Tapestry to concentrate more…
Transportation Department Rescinds Approval of New York City’s Congestion Pricing Program
In a significant development for urban mobility, the U.S. Department of Transportation (DOT) has rescinded its approval of New York City’s congestion pricing program, which had been set to go into effect this January. The program aimed to reduce traffic congestion in Manhattan by charging…
HSBC Announces Share Buyback of Up to $2 Billion Amidst Annual Profit Increase
London, UK – HSBC Holdings, Europe’s largest lender, has announced a share buyback program of up to $2 billion as the bank reported a 6.5% increase in its annual profit for the year 2024. This move comes as part of HSBC’s ongoing strategy to enhance…
US Stock Markets Close Higher Amid Digesting of Federal Reserve Meeting Minutes
In a buoyant day for investors, U.S. stock markets closed with modest gains on Wednesday, with the S&P 500 and Dow Jones Industrial Average each rising by 0.2%, while the Nasdaq Composite added 0.1%. This increase marks another record close for the S&P 500, reflecting…
Paleontologists Discover 120-Million-Year-Old Fossils of Apex Carnivores in Australia
In a significant finding that enhances the understanding of prehistoric ecosystems, paleontologists have uncovered fossils of apex carnivores that date back 120 million years. These fossils, previously identified in South America, were located in Australia, providing new insight into the geographical connections between ancient landmasses….
Seven Men Charged in Connection with Robberies Targeting Athletes’ Homes
Seven men have been charged for their alleged involvement in a series of high-profile robberies that targeted the homes of several renowned athletes, including NFL stars Patrick Mahomes, Travis Kelce, and Joe Burrow. The charges mark the culmination of a lengthy investigation that aims to…
Nikola Bows Out: Electric Vehicle Startup Files for Chapter 11 Bankruptcy Protection
In a significant development within the electric vehicle industry, Nikola Corporation has filed for Chapter 11 bankruptcy protection, citing a dramatic decrease in sales, a fraud scandal, and the ongoing incarceration of its founder, Trevor Milton. The announcement, made yesterday, marks a notable downturn for…
Microsoft Unveils Major Quantum Computing Breakthrough with New Chip
Microsoft has announced the unveiling of a groundbreaking quantum computing chip powered by topological qubits, an innovative form of qubit that some researchers previously thought impossible to exploit. Named the Majorana 1, this new device is a significant milestone, representing nearly two decades of extensive…
Pope Francis Hospitalized with Pneumonia Following Respiratory Infections
Pope Francis is currently hospitalized in Rome after being diagnosed with pneumonia in both lungs, according to a statement released by the Vatican. This ailment follows a recent bout of bronchitis and a mix of respiratory infections that have affected the pontiff’s health in recent…
Tensions Rise Between President Donald Trump and Ukrainian President Volodymyr Zelenskyy Amid Ongoing Ukraine-Russia Conflict
As the conflict between Ukraine and Russia continues, tensions have escalated between former U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy. The two leaders have engaged in a public exchange of criticisms regarding their respective approaches to the war, reflecting the complex dynamics of…
