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Gucci is having a full-circle moment

Andrea Felsted Only three months after it emerged that Estee Lauder Cos. was in talks to buy Tom Ford for $3 billion, it’s now being reported that Gucci-owner Kering SA is in advanced discussions to acquire the American designer’s eponymous brand. Kering’s challenge with the label, known for its pricey fragrances and mini-dresses, would be almost the inverse of Estee ...

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Biden’s Venezuelan migrant deal won’t fix the border

Eduardo Porter Has the Biden administration figured out how to stanch the flood of desperate migrants overflowing across the southwestern border? These are early days, but the deal last month whereby Mexico would take back Venezuelans nabbed trying to enter the US illegally while the US would allow 24,000 Venezuelans into the country for up to two years – as ...

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US futures rise as CPI bets keep bonds on the edge

US stock-index futures rise, while Treasuries slipped, as investors remained on the edge before a report projected to show inflation in the world’s largest economy moderated for a fourth successive month. December contracts on the S&P 500 and Nasdaq 100 added at least 0.3% each, a day after the underlying indexes tumbled to one-week lows amid a blurry midterms verdict ...

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