Latest in Luxury Gloom Strong
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Top stories - NBC News
Harris maintains strong lead among Black swing-state voters in a new poll
Kamala Harris still has a wide lead over Donald Trump among Black voters in battleground states, according to a new poll, which shows a key slice of undecided Black voters still poised to make a ...October 17 -
World - Financial Times
US economic growth is strong — so why cut rates?
Only borrowers such as struggling commercial property and debt-laden zombie companies will benefitOctober 17 -
Business - CNBC
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.October 16 -
Business - CNBC
Embattled Abbott Labs comes through with a strong quarter, buyback announcement
Abbott Labs delivered for investors who stuck with the stock despite legal woes that emerged earlier this year.October 16 -
Business - Financial Times
This luxury capitulation has barely begun
Investors greeted LVMH’s disappointing sales with surprising aplombOctober 16 -
Business - Financial Times
Luxury goods shares fall as China slowdown hits LVMH
Owner of Louis Vuitton and Dior brands reports 16% drop in third-quarter sales in Asia excluding JapanOctober 16 - China -
Business - Financial Times
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingOctober 16 -
Business - MarketWatch
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesOctober 16 - China -
Business - The Wall Street Journal
LVMH Results Cast Cloud on Luxury Stocks
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.October 16 -
Business - CNBC
I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside
Anton Wormann, 32, transformed an abandoned house in Japan into a luxury Airbnb stay. Today, it brings in about $11,000 a month.October 16 -
Sports - Yahoo Sports
Yankees chase Guardians ace Tanner Bibee early, secure 6-3 win for 2-0 ALCS series lead
The series shifts to Cleveland with the Guardians in desperate need of a victory.October 15 - MLB -
Business - The New York Times
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”October 15 - Federal Reserve -
Entertainment - Los Angeles Times
Jeremy Strong says playing Kendall Roy on 'Succession' messed with his head, big time
Jeremy Strong describes the mental toll of starring on 'Succession,' saying that playing Kendall Roy really messed him up. He doesn't miss that chapter of his life.October 15 -
Top stories - The New York Times
Trump’s Border Plans Are Light on Details but Strong on Fury
The former president’s sweeping immigration proposals face daunting challenges, but voters still trust his positions more than his opponent’s.October 15 - Donald Trump -
Sports - ESPN
Ronaldo designs career-inspired luxury watches
Cristiano Ronaldo has unveiled his own watch collection that feature outlines of his iconic moments in his football career on the clock face.October 15 -
World - Financial Times
‘800lb gorilla’: luxury brands battle China’s hit grey-market app
Sales of top brands on DeWu make up estimated 70% of country’s grey market as consumers hunt for lower pricesOctober 15 - China -
Business - MarketWatch
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...October 14 - Federal Reserve