-
The Federal Trade Commission has successfully blocked Tapestry's $8.5 billion acquisition of Capri Holdings, citing concerns over reduced competition in the accessible luxury handbag market. The ruling has led to a significant drop in Capri's stock, while Tapestry plans to appeal the decision.
-
Mark Cuban has publicly criticized SEC Chair Gary Gensler, expressing concerns over his regulatory approach. Cuban's comments come as Gensler faces pressure from both the crypto industry and political figures, including former President Trump, who have called for his removal. Cuban's evolving stance highlights the ongoing tensions in financial regulation.
-
In the wake of Donald Trump's election victory, major tech executives are proactively reaching out to him to rebuild relationships and mitigate potential backlash. This shift reflects lessons learned from Trump's first term, where corporate leaders faced punitive actions for perceived disloyalty. The outreach aims to secure favorable treatment in a potential second Trump administration.
-
Recent legal battles in Texas highlight the ongoing conflict over consumer protection regulations. A federal judge's ruling against venue shopping in a case involving the Consumer Financial Protection Bureau (CFPB) contrasts with state efforts to block the release of Uvalde shooting records, raising questions about transparency and accountability in law enforcement.
-
Following Donald Trump's election victory, Silicon Valley figures have openly supported his administration, anticipating a pro-business agenda. Key players like Elon Musk and Peter Thiel credit Trump's win with a shift in tech's political landscape, while stock markets, particularly Tesla and Bitcoin, have surged amid expectations of deregulation and tax cuts.
-
Donald Trump has nominated Fox News host Pete Hegseth as Secretary of Defense, a decision that has surprised military leaders and political insiders. Critics question Hegseth's qualifications for overseeing the Department of Defense, given his limited national security experience and controversial views.