Finance
The Prada Group completed its acquisition of Versace on December 2, 2025, in a deal valued at 1.25 billion euros, or approximately $1.4 billion. According to NBC News, the Milan-based luxury group received all required regulatory clearances to finalize the purchase from Capri Holdings. The transaction brings together
Finance
Bitcoin and Ethereum fell on Monday as digital assets resumed their recent sell-off. According to CNBC, Bitcoin dropped to around $84,305 by 11:25 a.m. ET, a decline of nearly 8%. Ethereum fell approximately 10% to $2,732. Solana decreased about 10% to around $124, while other tokens
Finance
According to CNBC, China's manufacturing purchasing managers' index rose to 49.2 in November from 49.0 in October. The National Bureau of Statistics released the data on Sunday, November 30, 2025. The reading matched economist forecasts in a Reuters poll but stayed below the 50-point threshold
Finance
According to CNBC, CME Group halted trading across foreign exchange, commodities, and stock futures on November 29, 2025. The outage lasted more than 11 hours. A cooling system failure at CyrusOne data centers in the Chicago area caused the disruption. Trading stopped around 03:00 GMT. Markets remained frozen until
Finance
According to CNBC, researchers at the Massachusetts Institute of Technology released findings on November 26, 2025, showing that artificial intelligence can already replace 11.7% of the U.S. labor market. The research, produced in collaboration with Oak Ridge National Laboratory, represents approximately $1.2 trillion in wages across finance,
Finance
CNBC host Jim Cramer defended Nvidia on November 25, 2025, after shares fell 6% to their lowest level in nearly three months. The drop followed reports that Meta Platforms may use Google's tensor processing units in its data centers starting in 2027. Nvidia closed at $175.60 in
Finance
Novo Nordisk announced on November 25, 2025, that its late-stage trials testing semaglutide for Alzheimer's disease failed to meet the primary goal of slowing cognitive decline. According to CNBC, the Danish pharmaceutical company's shares fell to a four-year low following the announcement. The two Phase 3
Finance
Japanese Prime Minister Sanae Takaichi and Indian Prime Minister Narendra Modi met Sunday at the G20 summit in Johannesburg, South Africa. According to The Japan Times, the leaders agreed to deepen cooperation across security, economy, and investment. The meeting lasted 35 minutes and began at 1:40 pm local time.
Finance
According to Yahoo Lifestyle, Walmart began its Black Friday shopping events on November 14, 2025. The retailer structured its sales into three separate periods. The first event ran from November 14 through November 16. The main Black Friday event begins online November 25 and continues through November 30. Cyber Monday
Finance
According to CNBC, major technology stocks ended the week deep in negative territory during the third week of November 2025. Amazon and Microsoft led losses among the Magnificent Seven, falling 6% and 7% respectively. Nvidia declined despite CEO Jensen Huang calling chip sales "off the charts" during an
Finance
Japan's cabinet approved a 21.3 trillion yen ($135.5 billion) stimulus package on Friday, November 21, 2025. According to CNBC, Prime Minister Sanae Takaichi announced the spending plan to address the country's slowing economy and support households facing inflation pressures. The package targets three main
Finance
Federal Reserve officials disagreed over cutting interest rates at their October meeting, according to CNBC. The minutes released Wednesday showed policymakers divided between concerns over a slowing labor market and persistent inflation. The Federal Open Market Committee approved a quarter-percentage-point cut by a 10-2 vote. The reduction lowered the benchmark