The contract fell $1.58 on Thursday to $82.82. crude lost 6 cents to $82.76 per barrel in electronic trading on the New York Mercantile Exchange. The two-year Treasury yield, which moves more on expectations for the Fed, ticked up to 4.81% from 4.80% late Wednesday. In the bond market, the yield on 10-year Treasury debt rose to 4.09% from 4.01% late Wednesday. The deal would put it in better position to take on big European rivals such as LVMH. The entertainment giant reported stronger profit for the spring than analysts expected but weaker revenue.Ĭapri Holdings, which owns the Michael Kors, Versace and Jimmy Choo brands, soared 55.7% after Tapestry, the company behind luxury handbag and accessories retailer Coach, said it was buying the company for roughly $8.5 billion. rose 4.9% after saying it would raise prices for some of its streaming services in hopes of boosting profitability.
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