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N Team

168-year-old iconic winery spinoff closes in financial distress    

Declining wine consumption over the last six years has led major wine companies to close down wineries and production facilities. The industry’s annual revenue has declined by $19.7 billion, or 21%, to $74.3 billion in 2025 since generating $94 billion in 2020, according to Silicon Valley Bank’s State of the US Wine Industry Report. “Boomers are […]

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79-year-old fast-fashion retailer closes 128 stores

A popular fast-fashion retailer is accelerating a years-long restructuring effort, continuing to shrink its global footprint in 2026 after closing hundreds of locations over the past year. The move reflects broader shifts across apparel retail as brands face rising operating costs, changing consumer behavior, and intensifying competition from e-commerce rivals. Companies built around speed, price,

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Ulta Beauty is leaving Target, here’s what’s replacing it

When Target and Ulta Beauty decided to end their five-year partnership, the department store put out a terse statement about the impending divorce. “Ulta Beauty and Target Corporation announced that they have mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. Until then, the

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S&P 500 to 5,600? Gareth Soloway says the AI trade is cracking

Transcript:CAROLINE WOODS:Joining me now for a technical look at the market is Gareth Soloway, Chief Market Strategist at Verified Investing. Gareth, great to have you back. GARETH SOLOWAY:Such a wonderful thing to be back. Thank you. And happy happy coming holiday. CAROLINE WOODS:Yes. Happy holiday. Shortened week here. Thanks for kicking it off with us.

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