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Luxury giant to close more than 200 stores after sales drop

Luxury fashion may portray an image of glamor and exclusivity, but not all that glitters is gold. Behind the more than five-figure price tags and highly coveted brand names, the industry has struggled with declining sales and cautious consumer spending amid ongoing economic uncertainty. Founded in 1963, Kering is the French multinational luxury goods group

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Prominent Miami resort files for Chapter 11 bankruptcy

In a market driven by strong traveler numbers but also considerable competition, hotels without the resources of a large chain often find themselves in a financial situation that forces them to file for bankruptcy protection. The abrupt collapse of the company behind hotels such as The Tuscany and Hotel 27 in New York City left

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Valero CEO grabs billion dollar Venezuela oil advantage

The U.S. reset the global oil battlefield in January, removing Venezuelan President Nicolas Maduro and unlocking access to 303 billion barrels of oil—the world’s largest proven oil reserves. The move creates a massive profit opportunity up and down the oil food chain that refinery giant Valero is already tapping. The White House has already approved

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McDonald’s unveils 2026 menu as sales rebound

Some may call McDonald’s cheap fast food, but one area the company has not skimped on is innovation. Over the past year, McDonald’s has introduced several new offerings and brought back fan favorites, including the Grinch Meal and Buffalo Ranch, as well as the return of the Snack Wrap and Changeables Happy Meal. The launches

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84-year-old Dividend King tops $1 trillion valuation milestone

Walmartrecently crossed the $1 trillion market cap threshold and is now up an impressive 510% over the past decade. If we adjust for dividend reinvestments, cumulative returns for the Dow Jones 30 member is closer to 630%, since February 2016, according to data from Y-charts. It’s a remarkable milestone for an 84-year-old company that started

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Cathie Wood buys $46 million of tumbling tech stock

Cathie Wood doesn’t give up on her favorite stocks easily. The head of Ark Investment Management actively manages her tech holdings, and her timing often links to market movements. Sometimes Wood buys her top holdings on the way down, hoping for a bargain. That’s what she just did. It’s been a weak start to the

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Legendary skeptic delivers 6-word verdict on Palantir’s hot streak

Palantir Technologies (PLTR) is one of the biggest artificial intelligence winners this year. The kind of momentum we’ve see this year is enough to turn anyone into a staunch believer. That is, until Michael Burry walked into the room like a typical old-school gunslinger and started flipping tables. Michael Burry’s piece, “Palantir’s New Clothes: Foundry,

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Another airline shuts down after losing license, all flights canceled

With a very high cost of operations and in many cases a concentrated market of competitors, many smaller and even mid-size airlines have already filed for bankruptcy in the first two months of 2026. A few names of these names include Royal Air Philippines, Indian charter carrier Dove Airlines, Swedish carrier H-Bird, and U.S. charter

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Oracle dividend growth signals new era for cloud titan

Valued at a market cap of $460 billion, database giant Oracleraised its quarterly dividend in 2025 while recently announcing plans to raise $50 billion for AI infrastructure buildouts, CNBC reported.  That combination tells you everything about where this 47-year-old tech company stands today. Most companies pick one lane. Oracle is racing down both. The Redwood

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Broadcom could sustain its eye-popping 2026 dividend hike

Broadcom just delivered something most dividend investors dream about: a double-digit dividend increase that came right alongside stunning business results. The semiconductor and software company announced a 10.2% dividend hike to $0.65 per share on Dec. 11, the same day it reported record fourth-quarter revenue of $18 billion. But the bigger question now is whether

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