Finance

Saks Global in talks to sell 49% stake in Bergdorf Goodman for about $1 billion, WSJ reports

Saks Global in talks to sell 49% stake in Bergdorf Goodman for about $1 billion, WSJ reports

(Reuters) -Saks Global, the parent of Saks Fifth Avenue, is in talks to sell a 49% stake in luxury retailer Bergdorf Goodman for about $1 billion, the Wall Street Journal reported on Sunday, citin...

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Wealth tax will destroy economy, says France’s richest man

Wealth tax will destroy economy, says France’s richest man

Over 80pc of the French public approve a wealth tax targeting those with fortunes of €100m or more – Abdul Saboor/Reuters The billionaire owner of luxury goods giant LVMH has warned tha...

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Gen Z fell in love with high-yield cash savings. The Fed just crashed the party.

Gen Z fell in love with high-yield cash savings. The Fed just crashed the party.

“Too many people are falling in the high-yield beautiful trap,” one finfluencer said. As interest rates go lower, they may have to adjust. – MarketWatch photo illustration/iStockphoto G...

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Stablecoin Adoption Set to Surge After GENIUS Act, Hit $4T in Cross-Border Volume: EY Survey

Stablecoin Adoption Set to Surge After GENIUS Act, Hit $4T in Cross-Border Volume: EY Survey

Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. ...

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Exclusive-South Korea’s President Lee says US investment demands would spark financial crisis

Exclusive-South Korea’s President Lee says US investment demands would spark financial crisis

By Josh Smith, Hyunjoo Jin and Heejung Jung SEOUL (Reuters) -South Korea’s economy could fall into crisis rivalling its 1997 meltdown if the government accepts current U.S. demands in stall...

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