Business
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S&P 500 plunges 6% to close its worst week since 2020 after China retaliates against Trump's tariffs
The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%. Markets are facing their...
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Lebanon's new central bank chief vows to fight money laundering and terrorism funding
Lebanon's new central bank governor vowed Friday that the institution will fight money laundering and the financing of terrorism and will work...
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Iconic Jordan’s Furniture CEO Eliot Tatelman retires after decades
He'll pass his iconic company onto his two sons.
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As tariffs hit luxury imports, expect the resale market — for Ferraris, watches, wine and more — to boom
Collectors will be all too happy to part with their goods at a premium.
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Home furnishings boss live reacts to stock tanking 40% from tariffs and poor earnings: ‘Oh s–t’
During RH’s quarterly earnings call with analysts, CEO Gary Friedman appeared caught off guard by the sudden market reaction.
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Anti-Israel protester infiltrates Microsoft’s 50th anniversary celebrations
“You claim that you care about using AI for good but Microsoft sells AI weapons to the Israeli military,” shouted the protester.
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Prada reportedly taps Goldman Sachs to advise on $2.5B Versace bid
Prada is looking to drum up $1.5 billion to complete the takeover, with another $1 billion earmarked to relaunch and revive Versace's Medusa brand,...
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Stellantis gives employee discount to US buyers as tariffs take effect
Stellantis is following Ford in offering an employee discount to the public this month as President Donald Trump's latest round of auto tariffs...
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Price of Lululemon’s leggings could jump due to Trump’s hefty tariffs on Vietnam
The high-end athleisure brand is “in the tariffs bullseye” – with the bulk of its manufacturing sourced from countries hit hard by the new...
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Trump elevating the heated TikTok competition to a bidding war: source
Mobile technology company AppLovin has jumped into the race with a competitive offer.
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Treasury secretary blames China’s DeepSeek for stock-market plunge: ‘A Mag 7 problem, not a MAGA problem’
US stocks have tumbled by around 10% in the two days since Trump announced tariffs.
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JPMorgan raises risk of recession to 60% as Trump tariff turmoil upends markets worldwide
The report branded the tariffs as a "functional tax increase" on US household and business purchases of imported goods.