Gold struck a record-high price on Friday as spooked investors rushed to a safe haven over fears that President Trump’s tariffs could reheat inflation and cause an economic slowdown. The precious metal surpassed $3,000 per ounce for the first time ever before dipping below that threshold in midafternoon trading. Gold’s draw as a safe haven … Read more
Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion’s big-ticket names as chief designer. Kering’s shares fell by up to 13% in Paris and posted their worst day in almost a year following the appointment of Balenciaga designer Demna. … Read more
It’s not a lot of fun being an administrator at an elite, woke university now that we have a new sheriff in the White House. Instead of coddling campus antisemites as Sleepy Joe Biden did, Donald Trump is demanding their expulsion. Those with green cards who support Hamas are getting expelled. Trump is cutting off … Read more
Luxury fashion group Prada’s CEO Andrea Guerra has flown to New York, a source close to the matter told Reuters, as the group is in talks to buy Capri Holdings-owned Versace in a deal that would unite two of the biggest names in Italian fashion. On his trip to the US financial capital, Guerra is accompanied by … Read more
Bungling MSNBC bigwigs accidentally printed out details about the left-leaning network’s impending jobs bloodbath — and the top-secret document was found by a stunned staffer who leaked the details to co-workers, The Post has learned. The production assistant stumbled across the “kill list” at MSNBC’s 30 Rock headquarters in midtown Manhattan shortly before the cuts … Read more
Christie Brinkley-linked skincare brand SBLA Beauty – which sells so-called “scientific” anti-aging products – filed for Chapter 11 bankruptcy. The award-winning brand is perhaps best known for its non-invasive Eye Lift Wand and Neck, Chin & Jawline Sculpting Wand, which Brinkley called one of her best skincare secrets. Brand owner SBLA Inc. filed for bankruptcy … Read more
Forever 21 moved closer to shuttering its stores forever. The struggling mall mainstay — which sells $7 t-shirts, $12 dresses and $25 sneakers — is on the verge of filing for bankruptcy after efforts to find a buyer have floundered, according to Bloomberg. Discount clothing chain, Forever 21, is poised to file for bankruptcy for … Read more
Stocks staged a recovery on Friday, after a turbulent week marked by a broad selloff as investors assessed the economic fallout of the Trump administration’s chaotic trade policies, putting major indexes on track for weekly losses. In afternoon trading, the Dow Jones Industrial Average soared 615.60 points, or 1.51%, to 41,429. The S&P 500 gained 2% and the … Read more
They are lonely souls, but there remains a power contingent of Wall Street executives and wealth managers who are telling their clients to ignore the noise. Their message: The US economy is just fine. The market will work through its current puke and reach new highs before the end of the year. In other words, … Read more
Joann Inc.’s move to stop taking gift cards after Feb. 28 has angered some of the crafts retailer’s customers as the company winds down its operations. The company announced earlier this year that it had entered Chapter 11 bankruptcy protection for a second time to “facilitate a sale process to maximize the value of its … Read more