The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
Stellantis and Ferrari Chairman John Elkann has agreed to do a year of community service and pay a negotiated sum to settle a tax dispute over the inheritance from his grandmother.
Read More Ferrari chair John Elkann agrees to community service to end tax fraud case
The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and an entry into international markets.
Read More Dick’s Sporting Goods completes $2.4 billion Foot Locker deal
BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.
Read More BofA expects Fed to deliver two cuts this year after soft jobs report
Fashion designer Giorgio Armani, synonymous with modern Italian style and elegance and known as “King Giorgio”, died at the age of 91.
Read More ‘The world has lost a giant’: tributes to Giorgio Armani
Packaged food makers in the U.S. have rolled out plans to eliminate the use of FD&C colors from their products.
Read More Food companies to phase out artificial colors amid ‘Make America Healthy Again’ campaign