Business

Wall Street jumps to record on 'phenomenal' tax hopes

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US stocks jumped to another record, a key index of global sharemarkets hit a 20-month high and crude rallied as investors continued to bask in the afterglow of President Donald Trump's promise of "phenomenal" tax reform.

Salud! Tequila billionaires reap windfall from Cuervo float

The Beckmanns have capitalised on investors' bullish view of the Mexico City-based company despite growing tensions over ...

Juan Francisco Beckmann Vidal and Juan Domingo Beckmann - the heirs to the family that controls tequila giant Jose Cuervo - are seeing their net worth soar a day after the company carried out Mexico's biggest IPO in more than three years.

Billions spent, a 99% failure rate and no 'magic bullet'

Late last year, Eli Lilly shared disappointing results of a late-stage clinical trial of its experimental drug ...

Despite a 99 per cent failure rate and a recent setback, Alzheimer's researchers are plowing ahead with hundreds of experiments - and a boost in US federal money - to try to crack a deadly disease that has flummoxed them for decades.

Top US retailer drops Ivanka Trump brand

 Ivanka Trump, daughter of President-elect Donald Trump, features with her siblings in the promotional video for Trump ...

US luxury department store chain is winding down its relationship with the controversial Ivanka Trump brand after boycott threats and concerns about the first daughter's conflicts of interest.

Snapchat parent kicks off $3.9b IPO

Young power couple: Co-founder and chief executive of Snapchat, Evan Spiegel, and supermodel Miranda Kerr got engaged ...

Snap, maker of Snapchat, has file documents for its sharemarket float, the first social media IPO since Twitter three years ago. It could turn its boss Evan Spiegel and supermodel fiancee Miranda Kerr into one of the world's richest young couples.

Ralph Lauren can't get rid of Ralph Lauren

LONDON, ENGLAND - DECEMBER 05: Designer Ralph Lauren attends The Fashion Awards 2016 on December 5, 2016 in London, ...

Well, that was quick. Ralph Lauren has announced that Stefan Larsson, the superstar CEO appointed to revive the struggling lifestyle brand little more than a year ago, would leave the company in May, citing clashes with founder and chairman Ralph Lauren on how to jump-start the business.