Victoria’s Secret shares surge as firm hires former Savage x Fenty exec as new CEO
A former Savage X Fenty executive will replace Martin Waters at Victoria’s Secret.
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Google illegally acted as a search monopoly, judge rules in major case
The case against Google follows a string of antitrust suits targeting tech giants, including Meta and Apple.
Magnificent 7 sheds over $1 trillion as Apple, Nvidia stocks head to worst days since 2020
Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.
These billionaires lost the most during Monday’s stock market carnage
The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.
Billionaire Bill Ackman’s Pershing Square withdraws IPO
Investor Bill Ackman had planned to take his capital management firm public as a hedge fund for ordinary investors.
Microsoft earnings: Stock tanks as AI business growth worse than expected
A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.
The 10 richest people in the world lose $66 billion in a day
The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.
Elon Musk’s net worth plunges $16 billion as Tesla stock tanks
Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person’s entire fortune in one morning.
Spotify stock pops 14% to 3-year high—races to first profitable year
The stock is on pace for its second-best day on Wall Street ever.
Apple, Nvidia lead Big Tech’s $500 billion slump as Nasdaq limps to worst day since 2022
Large technology stocks flails as lower interest rates appear on deck and investors view a Trump presidency as increasingly likely.