LVMH is exploring sales of fashion houses, beauty labels and alcoholic drinks brands in one of the most significant retrenchments of its near 40-year history, as the luxury industry leader slims down in response to a period of lower demand. The businesses LVMH had put up for sale included fashion label Marc Jacobs, its stake…
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 15% after the report. Here’s how…
Anthropic is teaming up with several large investment firms to create a venture that will help companies integrate artificial intelligence tools into their systems, the latest example of the deepening ties between Wall Street and the A.I. industry. The private equity firms Blackstone and Hellman & Friedman and the investment bank Goldman Sachs through its…
Nurphoto | Nurphoto | Getty Images OpenAI sales leader James Dyett said on Monday that he’s leaving his role, the latest in a string of high-profile departures at the artificial intelligence company. Dyett joined OpenAI in 2023, right as the company underwent a period of explosive growth following the launch of its ChatGPT chatbot. His…
A Spirit Airlines plane sits parked at Hollywood Burbank Airport in California, April 16, 2026. Justin Sullivan | Getty Images Spirit Airlines struggled for years, battered by larger, cash-rich airlines that copied its business model as well as by failed mergers, higher costs and, most recently, a surge in jet fuel prices because of the…
Wegovy semaglutide tablets. Michael Siluk | Universal Images Group | Getty Images When the Wegovy pill launched in January, telehealth provider LifeMD said its business doubled almost overnight. LifeMD went from seeing between 300 and 400 new patients a day to 600 to 1,000 new patients a day, said CEO Justin Schreiber. He knew there…
Oil prices jumped Monday after Iran attacked the United Arab Emirates, jeopardizing a fragile ceasefire agreement between Tehran and Washington. International benchmark Brent crude futures rose nearly 6% to close at $114.44 per barrel. U.S. West Texas Intermediate futures advanced more than 4% to settle at $106.42 per barrel. The UAE’s Defense Ministry said in a social media post…
A few months ago, Matt Bedsole got a call from two real estate developers asking for his help. Their plan to build a four-story apartment complex in Chattanooga, Tenn., had a financial hole that no backer seemed eager to fill. The developers needed $8 million. Would Mr. Bedsole be interested in stepping in? Mr. Bedsole…
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The writer is an adjunct senior research scholar at the Center on Global Energy Policy, Columbia University, and on the advisory board of Crystol Energy The world is watching a race between two blockades. Washington…
Investing.com – Citizens raised its price target on Celcuity Inc (NASDAQ:CELC) shares to $160 from $150 on Monday while maintaining a Market Outperform rating. The stock currently trades at $146.60, reflecting a remarkable 1,053% gain over the past year, though InvestingPro data indicates the shares may be overvalued relative to its Fair Value estimate. The…
