Capri Holdings (CPRI) stock fell sharply sharply Friday following a federal judge’s decision to block its proposed acquisition by Tapestry (TPR), citing antitrust concerns. Both companies have stated their intent to appeal the decision Bernstein analyst Aneesha Sherman joins Market Domination to evaluate the investment potential of both companies in light of this development. “The…
Shares of Capri Holdings (CPRI), parent company of Michael Kors and Jimmy Choo, are sinking after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry (TPR). Yahoo Finance Senior Reporter Alexandra Canal joins Morning Brief to discuss the ruling in the Federal Trade Commission’s (FTC) antitrust case and competition among luxury…
The S&P 500 (^GSPC) is poised for its first weekly drop in seven weeks as investors brace for “Magnificent Seven” earnings and October’s jobs report ahead. Shares of Capri Holdings (CPRI), the parent company of Michael Kors and Jimmy Choo, are plunging after a US judge blocked its pending $8.5 billion merger with Coach owner…
Electric carmaker Tesla had its best day on the market in over a decade on Thursday, on the back of the company’s surprisingly solid results. Shares ended Thursday’s session up nearly 23%, giving Tesla a market valuation of $836bn (£644bn). CEO Elon Musk’s net worth jumped by $33.5bn, widening his lead as the world’s richest…