Blog

Amazon rumored to be purchasing Richemont-owned Net-A-Porter

Promotional image for Net-A-Porter premier delivery service Online marketplace Amazon may be in talks to purchase British ecommerce site Net-A-Porter, if reports that have been rumored are true. The etail giant has been unsuccessful in entering the luxury industry in spite of attempts in recent years, and this potential acquisition could be significant for the future of both companies. The impact that this purchase could have on Net-A-Porter is unclear,

Friday, March 27: Today in Gold and Silver

NEW YORK (TheStreet) — Gold opened flat when trading began in New York on Wednesday evening.  Then starting just before 9 a.m. Hong Kong time, a rally began that grew stronger as the Far East trading session unfolded.  It was up a decent amount by the London open—and then went vertical at 8:00 a.m. GMT, but ran into the usual not-for-profit sellers less than fifteen minutes later—and by 9 a.m.