Sharply Diverge
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Hermès soars and Kering stumbles in widening luxury divergence
Quarterly sales at the two groups and market leader LVMH show the winning brands are those targeting the very wealthyFinancial Times - Business -
Dollar May Rebound if Japan Denies Intervention
The dollar remains weaker versus the yen, but it could change if Japan denies it has intervened in FX markets, Bannockburn’s Marc Chandler said.The Wall Street Journal - World - Japan -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - Business -
Biden and Trump supporters sharply divided by the media they consume
Supporters of President Joe Biden and former President Donald Trump are sharply divided by, among other things, the sources they rely on to get their news.NBC News - Politics - Joe Biden -
Biden and Trump supporters sharply divided by the media they consume
Supporters of President Joe Biden and former President Donald Trump are sharply divided by, among other things, the sources they rely on to get their news.NBC News - Top stories - Joe Biden -
Supreme Court Appears Sharply Divided in Emergency Abortion Case
The justices weighed whether a federal law aimed at protecting access to emergency medical care superseded Idaho’s near-total abortion ban.The New York Times - Top stories - Abortion -
Nigeria’s naira rebounds sharply after bumper interest rate rises
After hitting record low against dollar, naira has become world’s best-performing currency in recent weeksFinancial Times - World -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories -
Japanese yen strengthens sharply after hitting 160 against dollar for the first time since 1990
The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia.CNBC - Business -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World