Author: Anthony M. Orbison

By Siddharth Cavale NEW YORK (Reuters) – The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry (NYSE:) to buy Capri concluded on Monday, with Tapestry lawyers citing an “intensely competitive” handbag market in defending against claims that consumers would face higher prices. At the New York trial, the U.S. Federal Trade Commission sought to prove in its closing arguments that the deal to bring six brands – Tapestry’s Coach , Kate Spade, and Stuart Weitzman with Capri’s Versace, Jimmy Choo, and Michael Kors – into a single company would leave shoppers with fewer, more expensive…

. Ripple Labs has been hit with a $125 million fine for securities law violations. The decision was handed down on August 7th by U.S. District Judge Analisa Torres, marking a significant moment in the ongoing legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC). Judge Torres found Ripple in violation of Section 5 of the U.S. Securities Act for 1,278 institutional sales of XRP. In addition to the hefty fine, Ripple has been ordered to comply with federal securities laws going forward, effectively banning any future violations. Judge Torres emphasized that Ripple must register any future…

Steward Health Care CEO Ralph de la Torre filed a lawsuit Monday against a U.S. Senate committee that pursued contempt charges against him for failing to appear before the panel despite being issued a subpoena. The lawsuit, filed in federal court in Washington, named nearly all members of the Health, Education, Labor and Pensions Committee, including Sen. Bernie Sanders, who chairs the committee which has investigated Steward’s bankruptcy. The lawsuit claims that the lawmakers are unlawfully violating de la Torre’s constitutional rights. It alleges that the members of the committee, by trying to compel de la Torre to answer questions about Steward’s bankruptcy, are “collectively undertaking…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Having meals al fresco is one of the many simple pleasures of an open backyard or patio. But without a nice outdoor dining set, it’s not as enjoyable to eat outdoors.. Thankfully, we found a gorgeous patio dining set that’s currently on sale at Walmart, and it’s one of its best sellers!The Best Choice Products 5-Piece Wicker Patio Dining Set is only $300 right now. That’s a whopping 50% off the regular price. This wicker furniture pairs…

Solana’s rally weakened after the price failed to break the $161 resistance level.  However, the rising Open Interest and positive Funding Rates suggested overall bullish sentiment.  Solana [SOL] traded at $157 at press time, an over 7% gain in the last seven days. SOL has made a bold recovery this month alongside the broader cryptocurrency market, with its 30-day gains at 14%.  Data from CoinMarketCap showed that in the last 24 hours, Solana’s trading volumes increased by more than 45%. However, the red volume histogram bars on the one-day chart indicated selling activity.  Moreover, the Moving Average Convergence Divergence (MACD)…

(Bloomberg) — Stocks eked out a gain in the final minutes of US trading, even after Federal Reserve Chair Jerome Powell signaled he was in no hurry to make further interest-rate cuts.Most Read from BloombergPowell said the central bank will lower interest rates “over time,” while re-emphasizing that the overall economy remains on solid footing. The S&P 500 closed the third quarter with a more than $2.5 trillion rally, shrugging off the central banker’s cautious stance.Despite weakness earlier in the day, the S&P 500 secured its fourth-consecutive quarter of gains — the longest such winning stretch since 2021. The tech-heavy…

(Reuters) – Teamsters has reached a tentative agreement with car-rental firm Hertz Global, averting a potential strike, the labor union said on Monday. Nearly 3,000 Hertz Teamsters members at 20 local unions had voted last week to strike if a new agreement was not reached by Monday. Teamsters members at Hertz were negotiating for higher pay and language in an agreement that they feared would create a “two-tier system.” The workers were covered under the Western Regional Master Agreement with Hertz and were represented by locals in Arizona, California, Colorado and Nevada, among other states. Source link

The first meme coin, Dogecoin (DOGE), has been performing extremely well over the past week, rallying 10% in price. The asset currently has bulls backing it to continue its surge into October, with Q4 bringing huge gains. One analyst is extremely bullish on DOGE in the near future, predicting a four-digit rally to surpass $1.Crypto analyst Trader Tardigrade recently shared a post to X revealing several indicators that back a monstrous 1,200% DOGE surge. The analyst states that Dogecoin has been trading inside a falling wedge pattern. For context, a falling wedge setup on the charts is a bullish reversal…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Qatar Airways has agreed a deal to buy a stake in Virgin Australia, the country’s second-largest carrier, the latest in a number of international acquisitions by the Gulf airline.The deal will see Qatar Airways buy a 25 per cent equity stake in Virgin Australia from private equity group Bain Capital, which bought the carrier originally set up by Sir Richard Branson out of administration during the pandemic.The two airlines said in a statement that the deal was part of a wider plan…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Cold and flu season is swiftly approaching, and many of us have already experienced a bout of sniffles. To help keep your air as clean as possible, many have turned to air purifiers, and we just found a super deal on a beloved model.While they can be pretty pricey, Walmart currently has the Humsure HEPA 13 Air Purifier on sale for $230 off—that makes it only $70 compared to the original $300. This particular air purifier not…