Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown
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Pietro Beccari: ‘There is no household in the world that doesn’t have [contact with] Louis Vuitton’
The Louis Vuitton chief wants to turn the LVMH-owned luxury brand into a cultural juggernautFinancial Times - Business -
Federer, Nadal summit mountain in Italy's Dolomites for Louis Vuitton campaign
The fashion brand returned its "Core Values" campaign featuring the tennis icons, with the tagline "these are journeys that turn into legends."ESPN - Sports -
From Louis Vuitton to Beyoncé's album, Black-owned businesses see 'cowboy core' boom
Purchases of Western-style boots have grown substantially since “Cowboy Carter” dropped in March, according to Circana, to the benefit of Black businesswomen.NBC News - Top stories -
Trump Media Posts Steep Loss on Little Revenue
Trump Media & Technology Group posted a steep loss and less than $1 million in revenue in the company’s first report since going public.The Wall Street Journal - World - Donald Trump -
Natural Gas Up Amid Lower-Than-Expected Inventory Build
Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected.The Wall Street Journal - World -
Wife, daughter of Chiefs owner back Harrison Butker amid controversy
Tavia and Gracie Hunt, the wife and daughter of Kansas City Chiefs owner Clark Hunt, backed Harrison Butker, the team’s kicker, after a commencement speech he delivered about women and family roles drew controversy. In an address last Saturday at ...The Hill - Politics - NFL -
Supreme Court Justice Samuel Alito sold Bud Light owner's stock amid boycott
On the same day Supreme Court Justice Samuel Alito sold shares in Anheuser-Busch amid a conservative boycott of Bud Light, he bought Molson Coors stock.NBC News - Top stories -
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 -
Analysts say Corona brewer is a buy despite slowdown in sales across the industry
Two Wall Street research firms shoot down worries about a key beer sales metric for Constellation Brands.CNBC - Business -
St. Louis Cardinals unveil 2024 City Connect uniforms
The franchise will wear red jerseys for just the second time in its historyCBS Sports - Sports -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
European airlines signal surge in ticket prices is near peak
Ryanair says ticket prices will either be flat or ‘modestly’ higher this summer than 2023Financial Times - Business - Travel -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
Navigating Sales Slumps: Proactive Strategies for Business Owners
The first step in addressing a sales slump is recognizing it early.Inc. - Business -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Trump Media Reports Lackluster Revenues and Large Losses
The former president’s social media company reported taking in $770,000 in advertising revenue in the first quarter, sharply down from the year-ago period.The New York Times - Business - Donald Trump -
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 -
Case Against Lodi, a Top NYC Restaurant, Could Lower Barriers to Unions
The National Labor Relations Board says the management at Lodi unlawfully fought a union drive. If the allegations are upheld, the board could force the company to bargain.The New York Times - Top stories -
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
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‘We know consumers are feeling pressured’: Target to cut prices on 5,000 items ahead of Memorial Day weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.MarketWatch - Business -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
Oil Edges Lower as Traders Assess Iran, Saudi Arabia Developments
Oil edged lower in the early Asian session as traders assess developments in Iran and Saudi Arabia.The Wall Street Journal - World -
Insurer warns owners of ‘Saltburn effect’ from using stately homes for filming
Owners of historic buildings used in likes of Bridgerton warned of potential damage to possessions and reputations. When the owner of Drayton House in Northamptonshire was approached to allow his 127-room mansion to be the location of a film ...The Guardian - World -
Cartier Owner Richemont Names Van Cleef & Arpels Head as New CEO
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.The Wall Street Journal - World -
Cartier Owner Richemont Names Van Cleef & Arpels Head as New CEO
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.The Wall Street Journal - Business -
Trump accepts NRA endorsement, urges gun owners to turn out to vote
The National Rifle Association is supporting former President Donald Trump, an expected endorsement as the Republican nominee urged gun owners to vote in 2024.NBC News - Politics - Donald Trump -
Trump accepts NRA endorsement, urges gun owners to vote
Former President Trump spoke at a National Rifle Association rally, accepting an endorsement from the organization. Trump repeated his claim that gun owners are losing their rights and compared it to his current legal troubles. NBC’s Priscilla ...NBC News - Politics - Donald Trump -
New Hampshire day care owner charged with secretly sprinkling melatonin on kids' food
A day care owner and three of her employees in New Hampshire turned themselves in to authorities after being accused of sprinkling melatonin on children’s food, Manchester police said.NBC News - Top stories -
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Newzoo revises 2023 games revenue forecasts down to $184B
Newzoo has adjusted its 2023 games revenue estimates, putting the numbers down from $187 billion to $184 billion.VentureBeat - Tech -
GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
UL Solutions tops revenue estimates in first quarter as a public company
Profit was flat in the first quarter, but the company is expecting to benefit from the “electrification of everything” trend.MarketWatch - Business -
Baidu Posts Quarterly Beat, Helped by AI Pursuits
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - Business