LVMH’s growth weighed down by softening China luxury demand
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Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.CNBC - Business - China -
China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline's outlook for the end of the year weighed on its shares.
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline’s outlook for the end of the year weighed on its shares.The Wall Street Journal - World -
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China rolls out new measures to fix its property crisis, spur growth
China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in AprilABC News - World - China -
America’s approach to China’s rapid growth has lessons for us all | Larry Elliott
Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliates. The global economy is fragmenting and a new era of protectionism has dawned. Dreams by free marketeers of a frictionless world in which goods ...The Guardian - World - China -
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.The Wall Street Journal - World - China -
Richemont overhauls CEO role as it navigates luxury downturn
Swiss company appoints Van Cleef & Arpels head as new group chiefFinancial Times - Business -
Armed robbers hit luxury jewelry store in Paris
French police are hunting for armed robbers who hit a jewelry store on one of Paris' poshest streets.CBS News - Top stories -
8 Strategies for Sustainable Growth
From startup to scale-up, here are ideas to help your company thrive.Inc. - Business -
Usyk and Fury separated at Riyadh weigh-in
Watch as Tyson Fury and Oleksandr Usyk are separated by security at the weigh-in for Saturday’s undisputed heavyweight title fight in Saudi Arabia.BBC News - Top stories -
Fury shoves Usyk at weigh-in for super-fight
Tyson Fury was over 30lb heavier than Oleksandr Usyk in the weigh-in before their undisputed heavyweight fight on Saturday.BBC News - Top stories -
Fury in better shape at weigh-in for Usyk fight
Tyson Fury dropped some weight and appeared to be in good shape at the weigh-in for his heavyweight fight with Oleksandr Usyk.ESPN - Sports -
Usyk v Fury: World champions separated at weigh-in
Usyk v Fury: World champions separated at weigh-inBBC News - Top stories -
JGBs Consolidate; May Be Weighed by Declines in U.S. Treasurys
JGBs consolidated in the morning Tokyo session in very thin trading, but may be weighed by overnight declines in U.S. Treasurys.The Wall Street Journal - World -
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Nvidia is seeing ‘insatiable’ demand, but these are the key questions
Investors are focused on the Blackwell ramp, prospect of an “air pocket” and margin trends.MarketWatch - Business -
Electricity grids creak as AI demands soar
Data centre electricity demand is forecast to double in four years, putting energy grids under pressure.BBC News - Top stories -
Japan Government Bond Yields Climb on Expectations BOJ Could Reduce Bond Purchases
Japanese government bond yields rose on expectations the Bank of Japan could lower its bond buying in the coming months to support the weakening yen, Deutsche Bank Research said.The Wall Street Journal - World -
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Will gold's price hit $3,000 per ounce? Experts weigh in
Gold could hit $3,000 per ounce in a few years if recent price trends continue, experts say.CBS News - Top stories -
Inflation concerns weigh heavily on voters, vary by race: Poll
Inflation is “far and away” the biggest issue for Americans heading into the 2024 election, but economic outlooks and President Biden’s approval rating vary by race and ethnicity, according to a new Harvard CAPS/Harris poll. As he faces off ...The Hill - Politics -
Hong Kong Shares Extend Losses at Midday Amid Profit Taking
Hong Kong shares extended losses at midday amid profit-taking. Investors may be cautious on increasing their position after HSI’s recent rally, Maybank said.The Wall Street Journal - World - Hong Kong -
This 30-year-old won the NYC housing lottery and pays $1,000/month for a luxury 1-bedroom apartment—take a look inside
Rent for units in Nkenge's luxury building in Manhattan's Flatiron neighborhood typically start at $5,903, according to StreetEasy.CNBC - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
Want More Customers? High-Growth Founders Balance These 2 Strategies
In the Inc. 5000 Community's May kick-off call, all-star entrepreneurs offered their best advice on customer acquisition -- and it landed squarely in two simple but essential categories.Inc. - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
EasyJet’s new pilot faces a fight to convince investors on growth
Nerves about the airline industry are never far awayFinancial Times - Business -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
‘Bidenomics’ 2.0 or ‘Trumponomics’ 2.0? Both would hurt trade and growth.
Joe Biden and Donald Trump are each pushing a protectionist agenda that weakens U.S. interests at home and globally.MarketWatch - Business -
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easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business -
Reddit-OpenAI deal highlights demand for social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.MarketWatch - Business -
Trump demands drug test for Biden ahead of first debate
Former President Trump said he wants President Biden to be drug-tested before their first debate. “I'm gonna demand a drug test too, by the way,” Trump said at the Minnesota Republican Party’s Lincoln Reagan Dinner Friday. “I am, no I really am. I ...The Hill - Politics - Joe Biden -
Why Wikileaks' Julian Assange faces US extradition demand
Wikileaks founder Julian Assange hopes to launch a new appeal.BBC News - Top stories -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Back From War, These I.D.F. Soldiers Demand New Leadership
Some reservists in the Israel Defense Forces who have returned home from war are joining the growing calls within Israel for Prime Minister Benjamin Netanyahu and his right-wing coalition to step aside.The New York Times - World