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Mesosphere, most recently valued at $725 million in a funding round this year, is getting a new CEO. Founder Florian Leibert is stepping aside to make way for Mike Fey, most recently COO of Symantec. Leibert had previously announced his intention to find his own […]

Gucci nearly doubled its sales in 2018 — and consumers under 35 accounted for 55% of those sales. Gucci’s creative director, Alessandro Michele, led the brand in a millennial and teen-friendly direction by showcasing pop culture references and fresh designs. Celebrities like Lil Pump and […]

Wall Street closed mixed Thursday amid trade hopes and economic growth concerns. The S&P 500 shed 4.6% last week, the most since March. Watch the major US indexes trade in real time here. Stocks were mixed Thursday as investors weighed optimism for thawing trade tensions […]

Transat A.T. endured a frigid earnings year despite refocusing its sun destinations and beachside resorts as rising jet fuel prices and currency fluctuations reduced the travel company’s profits ahead of the ramp-up of competition from Canadian airlines. read more >>> Source:: CTVNews.Ca

Short seller Jim Chanos told CNBC on Thursday that he is betting against the US casino giants that rely heavily on their presence in Macau. Shares of Wynn Resorts, MGM Resorts, and Las Vegas Sands all fell. The three casino giants account for half the […]

A call for energy companies to bid for exploration rights around Nova Scotia’s iconic Sable Island has prompted swift condemnation from a coalition of environmental, fishing and tourism groups. read more >>> Source:: CTVNews.Ca

U.S. oil prices inch up amid stockpile drop, signs of easing trade tensions read more >>> Source:: EuroNews.Com

Robinhood faced significant outages with its options trading services Wednesday. Some Robinhood customers attempting to access options trading Wednesday morning received a message stating “Account Deactivated” and were directed to the company’s support email address without given further explanation of the issue. Users turned to […]

CNBC’s Diana Olick reports on the drop in housing demand despite falling mortgage rates. read more >>> Source:: CNBC.Com

Under Armour posted disappointing fiscal 2019 guidance at its investor day on Wednesday. The guidance reflected that the company is trying to protect the brand and grow it gradually, CEO Kevin Plank said in an interview with CNBC on Thursday. The 2019 guidance “appears appropriately […]

This story was delivered to Business Insider Intelligence “Payments Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here. Bank of America (BofA) announced updates to its mobile banking apps, including a redesigned iPad app. The upgrades, which […]

Canada’s main stock index crept lower in late-morning trading as strength in the consumer staples sector was more than offset by weakness in the health care group, which includes the big marijuana companies. read more >>> Source:: CTVNews.Ca

On Thursday, Silicon Valley-based synthetic biology company Zymergen announced a mammoth funding round of $400 million. It’s one of the largest biotech raises in history. With financing from SoftBank Vision Fund and Goldman Sachs, the fresh infusion of cash brings the startup to the forefront […]

Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually. read more >>> Source:: CNBC.Com

Apple announced a new campus in Austin, Texas that will support 5,000 employees. Unlike Amazon’s HQ2 process, Apple stayed quiet during the selection process, and CEO Tim Cook said he didn’t want it to be a “beauty contest.” But ultimately Apple did the same thing […]

The former New York City mayor’s efforts to cut spousal support to one of his ex-wives because his income shrunk this year has sparked some interest among older divorcees facing similar battles, says a Toronto family lawyer. read more >>> Source:: CTVNews.Ca

“The time is now for business leaders to step up and take action — this is our responsibility.” read more >>> Source:: HuffingtonPost.Com

JPMorgan analyst Stephen Tusa, a long-term bear on General Electric, gave a rare upgrade on the stock’s rating Thursday. Tusa noted the iconic industrial giant now has a more “balanced risk reward at current levels.” On Thursday, GE said its digital unit would sell a […]