LVMH weathers luxury market slowdown as fashion business bolsters sales
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Burberry’s profits plunge as sales slump on slowing luxury demand
Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.MarketWatch - Business -
Global stock markets at record high ahead of crunch US inflation report – business live
Rolling coverage of the latest economic and financial news. In the City, profits at Burberry have dropped by 40% as the luxury goods market continues to struggle.. Burberry’s profits fell to £383m in the 12 months to the end of March, down from ...The Guardian - World -
Cubs trade for relief pitcher to bolster bullpen
The Chicago Cubs bolstered their bullpen with a trade on Tuesday. The team announced that they acquired Tyson Miller from the Seattle Mariners in exchange for minor league infielder Jake Slaughter. This is Miller’s second stint with the Cubs. The ...Yahoo Sports - Sports -
Luxury Hotels Are Adding More and More Guest ‘Experiences’
From cooking with a Michelin-star chef to taking a chauffeured shopping spree in Singapore, hotels and resorts are offering ever-more-lavish activities for guests.The New York Times - Business -
UK wage growth stays high despite hiring slowdown
Rise of 5.7% in three months to March expected to reinforce divisions among rate-setters at the Bank of EnglandFinancial Times - Business - United Kingdom -
Pregnant woman, unborn child killed by falling tree during severe weather
Three people were killed in Louisiana -- including a pregnant woman and her unborn child -- due to severe weather on Monday, officials said.ABC News - Top stories -
Auto & Transport Roundup: Market Talk
Read about Boeing, Fraport and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Find insights on Keyera, Worley, Sinopec, and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Health Care Roundup: Market Talk
Read about Bayer, Alcon, Dr. Lal Pathlabs and more in the latest Market Talks covering the Health Care sector.The Wall Street Journal - World -
Biden delivers remarks on investing and the job market
Watch live coverage as President Joe Biden delivers remarks on American investments and the labor market.NBC News - Top stories - Joe Biden -
U.S. Dollar Falls as Market Awaits CPI Data
The big issue for the U.S. inflation outlook is if producers manage to pass rising costs on to consumers, Brown Brothers Harriman said ahead of the April CPI data release.The Wall Street Journal - World -
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Platinum market headed for ‘substantial’ supply shortfall, says industry body
Report shows second year of deficit as miner Anglo American rejects rival BHP’s offer that includes plan to spin off platinum assetsFinancial Times - Business -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
How the Fed’s quest for transparency made markets more volatile
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.CNBC - Business -
Jim Cramer's top 10 things to watch in the stock market Tuesday
U.S. stock futures are lower after wholesale prices in April rose more than Wall Street expected.CNBC - Business -
Young workers are flocking to these fast-growing job markets—they're not on the coasts
Recent college grads are flocking to Sun Belt states for high-paying jobs, ample opportunity and low costs of living.CNBC - Business -
The Art Market is Down. A Cyberattack at Christie's May Make Things Worse.
The auction house plans for sales to proceed, including for a Warhol “Flowers” estimated at $20 million.The Wall Street Journal - World -
Bumble's Ad Fumble in the Dating Jungle Is a Lesson in the Risks of Edgy Marketing
The women-focused dating app pulls its brand-refreshing"a vow of celibacy is not the answer" ad campaign amid furious criticism.Inc. - Business -
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Stock market could suffer ‘ugly’ day if April CPI comes in above this level
A Wall Street analyst breaks down what would make for a “good, bad or ugly” market response to Wednesday’s CPI data.MarketWatch - Business -
Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a yearABC News - World -
Why you can be a more informed investor once you know how to use market data
Retail investors are increasingly able to get what they need to make better financial decisions.MarketWatch - Business -
Kraft Heinz Explores Sale of Oscar Mayer
The famed hot-dog business could fetch between $3 billion and $5 billion.The Wall Street Journal - Business - Oscars -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - World -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - Business -
Amazon has a huge sale on Beats headphones and earbuds
Shop some of the best-selling Beats headphones and earbuds at Amazon to save hundreds on your favorite pair.CBS News - Top stories - Amazon -
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed ...ABC News - Top stories -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - World -
Succession Planning Woes Complicate Family Business Growth
If small-business owners don't think ahead or communicate internally about next steps, they could create challenges down the line.Inc. - Business -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - Business -
Meta to shut down Workplace app for business
The business collaboration tool will be phased out over the next year as Meta focuses on AI and the metaverse.CBS News - Top stories - Meta -
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and moviesABC News - Entertainment -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
The 1,500-Piece Lego Indiana Jones Set Is On Sale For A Great Price
Several Indiana Jones-inspired Lego sets have released over the years, but for longtime fans of the archeologist-adventurer, the jewel of the collection nods back to the magic of Indy's first adventure. Lego Indiana Jones Temple of the Golden Idol ...GameSpot - Tech -
Family of weight-loss op victim call for sales ban
Shannon Bowe's family want UK hotel chains to stop hosting Turkish surgery "clinics" and sales days.BBC News - Top stories -
TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban
The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights.The New York Times - Business - Tiktok -
Biden Administration Advances $1 Billion Arms Sale to Israel
The notification of the deal to Congress even as the president holds up the delivery of other weapons shows the fine line the administration is trying to walk with its longtime ally.The New York Times - Top stories - Joe Biden