Explore finance insights, tips, and trends to make informed decisions.
Style & Beauty
In a landmark move for the fashion industry, Prada announced Thursday it has struck a deal to acquire iconic rival Versace from Capri Holdings for $1.375 billion, including debt. The acquisition brings together two of Italy’s most celebrated fashion houses and strengthens the country's position in
Finance
Plaid, the fintech infrastructure company that powers connectivity between consumer bank accounts and financial apps, has confirmed it raised approximately $575 million through a common stock sale at a $6.1 billion post-money valuation. The deal, led by Franklin Templeton and joined by heavyweights including Fidelity, BlackRock, NEA, and Ribbit
Food
Hooters of America, the iconic restaurant chain known for its wings and distinctive uniforms, has filed for Chapter 11 bankruptcy in Texas in a move to address its mounting $376 million debt. But the company isn't closing up shop—instead, it’s restructuring and selling all 151 of
Real Estate
Rocket Companies is continuing its aggressive expansion in the real estate space with the announcement of a $9.4 billion all-stock acquisition of Mr. Cooper Group Inc., one of its largest rivals in the mortgage industry. The move comes just weeks after Rocket revealed a $1.75 billion all-stock deal
Media
In the latest twist of tech media consolidation, Yahoo has sold TechCrunch to the private equity firm Regent, marking yet another ownership change for the pioneering tech news outlet. The financial terms of the deal remain undisclosed, but the move follows Regent’s recent acquisition of Foundry—the media group
Retail
Walgreens, one of the most recognizable names in American retail pharmacy, is going private after nearly a century as a publicly traded company. The struggling drugstore chain announced on Thursday that it has reached a deal with private equity firm Sycamore Partners in a transaction valued at up to $23.
Business Strategy
If you've been in business for more than 15 minutes, you've likely encountered a seemingly endless list of performance metrics, or Key Performance Indicators (KPIs). While these numbers are meant to provide insights, they can also distort reality. The truth is, every metric—when presented in
Finance
The New York Stock Exchange (NYSE) announced plans to launch a Texas-based exchange, intensifying competition in the U.S. stock listings market. The move comes as major companies, including Tesla and SpaceX, continue shifting their headquarters to the business-friendly state. NYSE Texas: A Strategic Expansion NYSE, part of the Intercontinental
Artificial Intelligence (AI)
OpenAI has announced a new AI feature called Deep Research, designed to help users conduct in-depth, complex investigations using ChatGPT. Unlike the chatbot’s usual quick summaries, Deep Research is tailored for people who require thorough, precise, and reliable information across fields like finance, science, policy, and engineering. It also
Investing
Investing can feel overwhelming, especially when markets are volatile and opportunities seem endless. If you’re sitting on $10,000 and wondering how to put it to work, this article breaks down insights from six financial experts. Whether you’re seeking steady growth, chasing higher returns, or exploring alternative investments,
Funding
Seattle-based venture capital firm Madrona Capital is marking its 30th anniversary with a significant milestone: raising $770 million in fresh capital, its largest fundraise to date. This achievement surpasses the $690 million raised across two funds in 2022, highlighting the firm’s enduring appeal to investors, even in a challenging
Artificial Intelligence (AI)
Google is doubling down on its commitment to artificial intelligence by investing an additional $1 billion in Anthropic, a leading AI start-up known for its Claude family of models. This investment raises Google’s total stake in the company to over $3 billion, as the tech giant strives to close