Italy’s The Damiani Group has concluded the acquisition of Swiss watchmaker Baume & Mercier from luxury retailer Richemont. The transaction follows a January 2026 agreement for the Damiani Group to acquire 100% of Baume & Mercier in a private deal. Richemont CEO Nicolas Bos said: “The Damiani Group is uniquely positioned to realise Baume &…
Robinhood Markets (NASDAQ: $HOOD) has launched a new public blockchain as it expands its cryptocurrency offerings. The online brokerage has unveiled a public mainnet for “Robinhood Chain” as it moves further into decentralized finance (DeFi). Robinhood Chain is a Layer-2 blockchain built on Arbitrum (CRYPTO: $ARB) and designed for tokenized real-world assets and decentralized finance…
Christopher Delgado, the former CEO of Goliath Ventures, has pleaded guilty to a $400 million U.S. cryptocurrency Ponzi scheme. Delgado pled guilty to fraud and money laundering charges stemming from a bogus crypto investment scheme. He faces up to 30 years in prison and is scheduled to be sentenced on Oct. 8 of this…
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: Microsoft is spending $2.5 billion to launch a new operating business called the Microsoft Frontier Company, which will embed 6,000 engineering experts within customer operations to assist in deploying AI systems…
The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: HSBC upgraded Adobe (ADBE) to Buy from Hold with a price target of $308, up from $282. The firm thinks…
By 9:40 a.m. Eastern Time today, oil had reached $71.53 per barrel, measured using the Brent benchmark. That’s $1.15 less than it cost yesterday morning and about $1.29 above its price a year earlier. Will oil prices go up? Oil prices are inherently unpredictable. While many variables come into play, the basic push and pull…
By Akash Sriram and Abhirup Roy July 2 (Reuters) – Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the electric vehicle maker can end its two-year streak of annual declines. Strong results from Tesla’s mainstay auto business offer…
Silver (SI=F) September futures opened at just $59.75 per ounce on Thursday, July 2, 2026, down 1.3% compared to Wednesday’s closing price. The silver price is moving up slightly this morning, reaching $62.10 as of 9:51 a.m. ET. The Fed remains front and center in shaping current and future silver prices. The price of silver…
Gold (GC=F) August futures opened at $4,049.20 per troy ounce on Thursday, July 2, 2026, down 0.8% from Wednesday’s closing price. The price of gold moved up this morning, trading at $4,140.90 as of 9:44 a.m. ET. Gold prices broke above $4,100 today following the weaker-than-expected June jobs report. Analysts expected the economy to add…
Less than 3 months ago, Snowflake was left for dead. The stock was one of the biggest names in software, and then software fell apart. Traders called it the SaaSpocalypse, the stretch where cloud-software stocks got torched on fears that AI would make them obsolete. Snowflake got hit as hard as any of them. At…
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