Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US judge has blocked the $8.5bn deal between Tapestry and Capri that would have put some of America’s largest fashion brands under one roof, in a big win for antitrust regulators. Judge Jennifer Rochon’s … Read more
The Minnesota Vikings saw their undefeated streak come to an end last week, leading to a tie for the top spot in the NFC North with the Green Bay Packers. This week, they have the opportunity to reclaim the lead. While the Los Angeles Rams may not be the most formidable opponent this season with … Read more
In extended trading, several companies are making headlines with their performance. Dexcom, the manufacturer of diabetes management devices, saw its shares drop by nearly 7% despite posting a third-quarter adjusted earnings and revenue beat. The company also reaffirmed its full-year revenue guidance, which was in line with FactSet’s estimate. On the other hand, L3Harris Technologies, … Read more
William H. Heyman, Vice Chairman of Travelers Companies, Inc. (NYSE: TRV), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Heyman sold 3,000 shares of common stock on October 22, 2024, at an average price of approximately $260.545 per share. This transaction totaled $781,635. In addition to … Read more
Mozambique’s electoral commission announced that Daniel Chapo, the new leader of the long-ruling Frelimo liberation party, won the country’s presidential election in a vote marred by irregularities and the murder of two advisers to his leading rival. Authorities said Chapo, whose party has ruled Mozambique since independence in 1975, secured 70.6 per cent of the … Read more
Solana, the third most popular blockchain, has experienced significant growth in recent weeks due to the emergence of AI memecoins, a new niche in the crypto world that combines artificial intelligence with cryptocurrencies based on internet jokes. This surge has propelled Sol, the native token of the Solana blockchain where many memecoins are developed, to … Read more
As October comes to a close, Oppenheimer is looking at certain stocks that it believes are poised for gains in the next year. October has historically been a volatile month for stocks, and this year has been no exception. Both the S&P 500 and the Dow Jones Industrial Average experienced their third consecutive day of … Read more
Tyler Technologies Inc. (NYSE: TYL) has maintained its Neutral rating with a price target of $550.00 at DA Davidson. Despite slightly missing revenue expectations, the technology firm exceeded forecasts for Non-GAAP earnings per share (EPS). The company experienced an 8% year-over-year increase in third-quarter bookings, totaling $586 million. Over the past twelve months, Tyler Tech’s … Read more
Stay informed with free updates Simply sign up to the European economy myFT Digest — delivered directly to your inbox. The International Monetary Fund (IMF) has warned that the gap between European and US gross domestic product is expected to widen further by the end of the decade due to the continent’s “lack of business … Read more
Boeing had a challenging day that was expected to improve on Wednesday night. However, it did not as more than 32,000 striking factory workers rejected Boeing’s latest contract offer after the company reported a $6 billion loss for the quarter. With production at Boeing’s facilities in the Pacific Northwest halted, the company’s bargaining power seems … Read more