
Luxury stocks slump as Middle East conflict risks one of the sector’s 'few bright spots’
The Middle East has been one of the few bright spots in a sector that is struggling to get sales back on track.
Markets, economy, finance and corporate news.
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The Middle East has been one of the few bright spots in a sector that is struggling to get sales back on track.

Oil prices have soared more than14% this week as tanker traffic through the Strait of Hormuz has ground to a halt. European natural gas has soared more 70%.

At Mobile World Congress, Qualcomm unveils a 6G future powered by AI agents and an always-on digital economy.

Best Buy beat fourth-quarter earnings expectations but missed Wall Street's revenue estimates.

As geopolitical risks escalate, finance chiefs are increasingly treating security like any other material balance-sheet exposure.

“I am done with this if you guys are doing that,” Hillary Clinton said. “You can hold me in contempt from now until the cows come home.”

Target’s new CEO wants to re-establish the company’s “Tarzhay” reputation after a brutal few years.

Couples may leave money on the table if they don't prioritize the highest employer match on retirement savings, research finds.

Versant reported its 2025 earnings, giving Wall Street its first detailed look inside the company that started publicly trading in January.

UniQure has accused the agency of reversing its stance on AMT-130, but hopes to settle on the parameters of a new trial.

"We look at risk, at the broad range of outcomes, and there are negative outcomes. One of them would be inflation, I call it the skunk at the party," Dimon said.

Anthropic—valued at $380 billion—faces what my colleague Jeremy Kahn calls “the biggest crisis in its five-year existence.”
Fourth quarter net sales of $30.5 billion were in line with company expectations. Food & Beverage, Beauty and Toys delivered net sales growth in the quarter, with stronger trends in Essentials and...

The two firms previously launched stablecoin-backed cards for 18 countries in April.

Also: All the news and watercooler chat from Fortune.

Results from Tuesday's races in three states could be telling for how the rest of the midterm season will unfold.

The continent’s biggest obstacle isn't Silicon Valley. It is its own inability to get things done.

The big-box retailer Target will host an investor meeting at its Minneapolis headquarters.

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

On is entering thee third and final year of its strategy to double sales by 2026 in a quest to "be the most premium global sportswear brand."
Former Block employees congregate in an unaffiliated Slack group to share support, find new jobs, and trade memes. It's grown since recent layoffs.

Deepfake attacks have moved from cyber briefings to boardroom emergencies with every CEO likeness a potential vulnerability. Most companies have no plan.

Meta’s new AI patent means your dead uncle could still comment fire emojis on your posts, but experts say this could undermine grief and closure.

Before Jamie Dimon was the billionaire boss of JPMorgan, he set himself a surprisingly modest rule: don’t talk—it propelled him to a CFO role by 30