Author: theparknews

NEW YORK & ATLANTA, September 30, 2024–(BUSINESS WIRE)–Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today completes the acquisition of Veritas’ digital banking business. It was announced that. NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix”) is a leading global provider of cloud-based digital commerce solutions. Upon completion of the transaction, the digital banking business will be rebranded as Candescent and will now be a privately held company.Candescent is the largest platform of its kind in the United States and continues to serve more than 1,300 financial institutions and more than 29 million registered users.As an…

NEW YORK (AP) — U.S. stock indexes are starting 2025 higher, with Wall Street on track to break a four-day losing streak that foreshadowed a brighter end to 2024. The S&P 500 rose 0.6% at the start of trading Thursday. It was the longest losing streak since early September. The Dow Jones Industrial Average rose 332 points, or 0.8%, and the Nasdaq Composite Index rose 0.7%. Markets were supported by the latest signal that the U.S. economy remains resilient as fewer workers applied for unemployment benefits last week than economists expected. In the bond market, government bond yields fell. This…

He sold Bibles, sneakers, photo books, and virtual currency during his third presidential campaign. Now, Donald Trump is launching a new business: diamond-encrusted watches.The Republican presidential candidate announced the “Official Trump Watch Collection” on Thursday. The most expensive one has 122 diamonds in the bezel, comes in three styles in 18-karat gold, and costs $100,000. Another “Fight Fight Fight” model sells for $499.Following a long tradition of blending political and business interests, Mr. Trump has promoted an array of branded products since launching his 2024 White House campaign. Thursday’s launch, which comes 40 days before Election Day, could expose her…

WASHINGTON (AP) — Former President Donald Trump is scheduled to speak next Monday about cryptocurrency and the launch of World Liberty Financial, a cryptocurrency platform run by the Republican candidate’s sons, Donald Jr. and Eric.Trump’s speech comes 50 days before Election Day, making it unusual for him to use the remaining days of the election to promote a personal business. The former Republican president has long mixed his political and business interests, touting sneakers, photo books and a Trump-branded Bible during his 2024 campaign.”We are embracing the future of cryptocurrency and leaving behind slow, outdated big banks,” Trump said Thursday…

Luxury retailer Saks has warned its suppliers about late payments. To clarify the repayment plan, Saks issued a Valentine’s Day memo.The memo was first reported by the Wall Street Journal (WSJ) on Friday (February 14th). It was promised If a new order is paid within 80 days of receipt, your outstanding balance will be covered in 12 monthly installments starting in July.Marc Metrick, CEO of Saks Global, expressed his sympathy for suppliers affected by excessive payments during the pandemic, saying: So I look forward to seeing the flow of products return to normal levels. ” The memo is filing a…

©Lexus Resignation should mean living without financial concerns, so rather than chasing yet another car purchase, you can experience a new phase of your life. Unfortunately, considering rising costs and endless options, it is extremely difficult to find a luxurious SUV that combines comfort, reliability and smart financial planning. Explore more: 4 SUVs to buy in 2025 continue to retire For You: 4 Low-Risk Ways to Building Savings in 2025 According to expert advice, to make things easier, Gobankrates simplified the search by selecting six used luxury SUVs that meet the criteria of luxury and practicality. These vehicles offer luxurious…

(Bloomberg) – Deepseek’s breakthrough in artificial intelligence has helped to drive stock fund rotation from India back to China. Most of them read from Bloomberg Hedge funds are piling up on Chinese stocks at the fastest pace in months as the bullishness of deep-sec-driven technology rally raises hopes for more economic stimulation. In contrast, India is struggling with record-breaking cash departures over concerns over slowing macro growth and slowing corporate revenues and expensive stock valuations. China’s land and offshore stock markets have added a total of more than $1.3 trillion in the past month amid such reallocation, while India’s market…

LVMH, Kering, Burberry and Moncler were hit hard after pouring money on Chinese consumers who are turning their backs on luxury. They are now choosing to spend their money in a new way. Chinese consumers were once the crown jewels of luxury brand customers. However, fashion houses like LVMH and Kering have become favorable to the country’s wealthy elite. Just a few years ago, China was a beloved of luxury spending. From 2017 to 2021, the domestic luxury market tripled. Shoppers are obsessed with prominent consumption, and China has become a new focus for fashion conglomerates, hoping to enjoy its…

If you look at Hermès’ 2024 results, you’ll wonder if it works in another sector. Birkinmakers have a source of growth that goes against the market when many of their gorgeous peers struggled. It may be too early to read tea leaves, but they have recently shown signs of improvement. Hermes reported revenues increased by 15% in 2024, with certain currency rising to 15.2 billion euros ($15.9 billion). Sales rose 18% in the last three months of the year, and historical analyst estimates have boosted the 10% estimate thanks to strong demand from tourists in Japan and Europe. “In 2024,…

Illustrations by CEO Ryan Schneider everywhere (Getty, everywhere; illustrations by Kevin Levon are real deals) After a slowdown in the third quarter, it walked “a rather harsh housing market” everywhere, bringing growth and optimistic outlook for 2025. The real estate services company posted a net loss of $64 million or an improvement of $43 million over the same quarter in 2023. Its operating EBITDA (revenue before interest, taxes, depreciation and amortization) increased by $24 million from the previous year to $52 million. The parent company of Corcoran, Coldwell Banker, Century 21 and Sotheby’s International Realty reported revenue of $1.4 billion,…