Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. The approximately $8.5 billion deal puts Tapestry in a better position to take on its big European fashion rivals. U.S. fashion houses have been… Read More

Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological events…. Read More

Sony’s April-June profit slipped 17% from a year earlier, as worries grew about revenue damage from a strike in the movie sector, the Japanese electronics and entertainment company said Wednesday. Tokyo-based Sony Corp.’s fiscal first quarter profit totaled 217 billion yen ($1.5 billion), down from 261 billion yen a year… Read More

You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name. The deal, announced Tuesday, could take Walt Disney Co.-owned ESPN into… Read More

The company whose name became synonymous with remote work is joining the growing return-to-office trend. Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the… Read More

Elon Musk says he may need to get surgery before a proposed “cage match” with Mark Zuckerberg. The two tech billionaires seemingly agreed to an in-person face-off in late June. It’s unclear if a physical fight will actually end up happening, but Musk and Zuckerberg have continued to fuel interest… Read More

There’s no shaking it. Your chances of winning the lottery are extremely slim. After no big winner Friday night, the Mega Millions jackpot climbed to an estimated $1.55 billion. If someone wins it all on Tuesday, when the next Mega Millions drawing takes place, the prize would one of the… Read More

According to a claim circulating online, the movie “Barbie” raised more money in one day than Florida Gov. Ron DeSantis has his entire life. False! “Barbie” brought in about $48.2 million in North American theaters on its July 21 opening, plus another $22.3 million in early screenings the night before…. Read More