This morning, at the Practising Law Institute’s 56th annual conference on securities regulation, SEC Chairman Gary Gensler delivered remarks that were heavy with the weight of contemplation. Interestingly, his speech felt reminiscent of a farewell address, hinting at his possible departure from the regulatory scene. Gensler praised the SEC, stating, “It’s been a great honor
Burberry, a name synonymous with luxury and heritage in the fashion world, has recently found itself navigating choppy waters. As sales figures dwindle and consumer interest wanes, the brand has recognized the urgent necessity for a substantial transformation. With the announcement of the “Burberry Forward” initiative, new CEO Joshua Schulman aims to rejuvenate the iconic
In a dramatic move that has sent ripples throughout the luxury goods industry, Capri Holdings and Tapestry Inc. have officially abandoned their planned merger. The decision to call off the $8.5 billion deal, initially announced in August 2023, came swiftly in the wake of a successful lawsuit by the Federal Trade Commission (FTC) which sought
The landscape of Britain’s motor finance sector is undergoing a seismic shift, evokes echoes of the infamous payment protection insurance (PPI) scandal. Recent judicial decisions and regulatory uncertainties have left financial institutions grappling with potential multi-billion-pound liabilities. The Court of Appeal’s ruling in late October—which declared it unlawful for car dealers to receive bonuses from
BlackRock, a dominant player in asset management, has made significant strides in the evolving landscape of tokenized finance by extending its USD Institutional Digital Liquidity Fund, branded as BUIDL. Originally launched on Ethereum earlier this year, the fund has now broadened its scope to incorporate multiple blockchain platforms like Aptos, Arbitrum, Avalanche, Optimism (or OP
The Free Application for Federal Student Aid (FAFSA) for the 2025-26 academic year is set to reach the public by December 1, as confirmed by the Education Department. This shift from the usual October release is significant, marking a continuation of the phased rollout initiated to rectify numerous issues that plagued the previous year’s application
The luxury goods industry is on the verge of a significant transition, as recent findings from Bain & Company’s annual luxury report indicate. This report suggests that the personal luxury goods market is likely to experience its first notable slowdown since the Global Financial Crisis over a decade ago. In stark contrast to a decade
The mortgage market has experienced a noticeable increase in rates recently, prompting a close examination of the underlying factors fueling this change. As discussions around the trajectory of the economy under a Trump administration continue, investors are reacting with caution, leading to a persistent uptick in mortgage rates. The Mortgage Bankers Association reported that total
The recent announcement by Liberty Media to spin off most of its assets into a new entity called Liberty Live marks a crucial juncture in the company’s history. CEO Greg Maffei’s decision to step down at the end of the year, paving the way for the iconic John Malone to assume the role of interim
In an impressive turn of events, Tencent Holdings Limited, the Chinese giant in social media and gaming, unveiled its third-quarter financial results that exceeded market expectations. The company managed to post a staggering profit growth of 47%, marking an increase to 53.23 billion yuan (approximately $7.37 billion). Analysts had projected a more modest profit of