Shares in LVMH were up following the French luxury giant's latest quarterly report, lifting peers including Hermes, Kering and Pernod Ricard reut.rs/3HxaxOo
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| Last Updated | Jan 26 |
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Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
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LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko: Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton ...
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LVMH’s Sales Fall Short Amid ‘Uncertain’ Environment for Luxury Goods: The company’s reported revenue fell 2% year-over-year.
on.barrons.com/3W344mY
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Meet the 8 Finalists for the 2024 LVMH Prize: The winner will be chosen on Sept. 10.
fashionista.com/2024/04/lvmh-prize-finalists-2024
Record value for financial assets: German private households are richer than ever
n-tv.de/wirtschaft/Deutsche-Privathaushalte-sind-so-reich-wie-nie-article24882901.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
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RM Williams co-owner Nicola Forrest is sticking the boot in for women: In her first official media appearance since her separation from Andrew “Twiggy” Forrest ...
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Who will lead the LVMH luxury empire?: Bernard Arnault sizes up his heirs apparent
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Time for Kering’s king to consider a step back: Kering Chairman and CEO François-Henri Pinault was 42 when his father François, the self-made billionaire who’d ...
reuters.com/breakingviews/time-kerings-king-consider-step-back-2024-04-24/
Quick Glance: Time for Kering’s King to Consider a Step Back
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- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
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Paid articlePaid Who will lead the LVMH luxury empire?: Bernard Arnault sizes up his heirs apparent
economist.com/business/2024/04/18/who-will-lead-the-lvmh-luxury-empire
Quick Glance: Bernard Arnault: The World's Richest Man
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- Arnault is the world's richest man with a net worth of $221 billion.
- Two of his sons have joined the LVMH board, making four out of five of his children now on the board.
- Arnault has introduced his children into the business and speculation arises about the future leadership of the company.
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Record value for financial assets: German private households are richer than ever
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- Their bets are driven by the company's poor financials rather than personal feelings towards the former president.
- Despite paper profits of at least $200 million, they remain cautious due to the stock's volatility.
- Buyers of Trump's stock could amplify losses for short sellers through massive purchases and a potential 'short squeeze.'
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Diamonds won’t be forever unless miners make them sparkle: The natural jewels have lost their old mystique because carbon crystals can be grown in labs
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Trump Media stock slides again to bring it nearly 60% below peak : The stock price for Donald Trump’s social media company is sliding again ...
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Quick Glance: A Swift Tech-Stock Bubble and Burst in Three Weeks
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Hermes 1st quarter sales jump 17% on strong China demand: Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday ...
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Charles Schwab Q1 Results: Strength Under The Hood: Charles Schwab Corp. reported strong Q1 activity levels but faces challenges with deposit outflows impacting ...
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Paid articlePaid Tesla shares tumble below $150 per share, giving up all gains made over the past year
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Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
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- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
Moment Copenhagen stock exchange facade collapses: The historic 17th Century building in Denmark's capital was engulfed in flames on Tuesday.
bbc.com/news/av/world-europe-68850576
Quick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
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- The fire spread across multiple floors of the monument, leading to the collapse of its roof, as reported by local fire department chief Jakob Vedsted Andersen.
- The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.
- Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
LVMH sales growth slows as luxury demand softens: Revenue rise of 2% at core fashion and leather goods division marks sharp drop from 18% increase a year earlier
ft.com/content/c0a294a1-04a3-4c1c-a010-d1d81e493604
The CEO of Jefferies Just Sold $65 Million in Shares to Buy a Yacht: Jefferies CEO Rich Handler sold $65 million worth of stock in the company to buy a yacht ...
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Paid articlePaid LVMH, L’Oreal Face China Pain: EMEA Earnings Week Ahead: Welcome back to the EMEA Earnings Week Ahead fixture, with luxury giant LVMH SE and Nordic ...
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Priscilla, Queen of the Desert sequel in works with original cast, director confirms
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S&P 500: Geopolitical Tension Could Cause Oil To Go Over $150 And Cause A Global Recession
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Paid articlePaidQuick Glance: S&P 500: Oil Price Surge and Global Recession
- Bloomberg Economics presented scenarios: Conflict between Israel and Iran could push oil prices over $150 and trigger a global recession.
- The escalation of the conflict between Iran and Israel hints at a potential scenario of a direct war, with significant impacts on oil prices and financial markets.
- Israel must decide how to respond to the attack: escalation could lead to oil prices surging over $150 and a global recession.
- Israel's decision directly affects the global oil market and the stability of financial markets, especially the S&P 500.
Emerson Electric: Performing After The Dust Has Settled: After a string of deals, Emerson Electric has become more calm on the corporate front ...
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Donald Trump is on the verge of another $1 billion Truth Social windfall: Former President Donald Trump is on the cusp of scoring a major financial bonanza – at ...
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Energy Transfer Is Worthy Of Any Dividend Portfolio: Energy Transfer has an impressive portfolio of assets. Find out why ET stock is a valuable long-term ...
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Paid articlePaid Medical Properties Trust Takes A Chunk Out Of Its Debt With Newest Asset Sales: Medical Properties Trust shares surge as company announces a major debt reduction ...
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Paid articlePaid FTC sues to block $8.5bn deal between the makers of Michael Kors and Coach: Antitrust regulator takes aim at proposed Capri-Tapestry deal to create a US luxury ...
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Quick Glance: Dispute Arises Over Fusion Between Tapestry Inc. and Capri Holdings
- Legal actions have been taken by the FTC to block the proposed merger between Tapestry Inc. and Capri Holdings Limited.
- Competition between the involved brands would be at risk with the merger, potentially granting Tapestry a dominant market share in the 'accessible luxury' handbag sector.
- To halt the deal, the FTC is seeking a temporary restraining order and a preliminary injunction, with Tapestry and Capri planning to contest the decision in court.
- Both companies stress that the merger has already been approved by regulators in the European Union and Japan, aiming to finalize the acquisition while battling the FTC lawsuit.
Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
- Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.
- Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.
- The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.
- Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
Tesla to cut more than 14,000 jobs as troubles deepen: CEO Elon Musk detailed the plans to lay off about 10 per cent of its global workforce in a memo sent to ...
smh.com.au/business/companies/tesla-to-cut-more-than-14-000-jobs-as-troubles-deepen-20240416-p5fk2w.html
150 jobs at risk as company faces $20m debt: A huge national company, which is a major supplier to the building industry, has fallen into voluntary ...
news.com.au/finance/business/manufacturing/major-roofing-manufacturer-in-voluntary-administration-with-20m-debt/news-story/2d786c668539a7768945c5a42fad8dfb
fuboTV: Value Trap, Shareholder Dilution Coming (Rating Downgrade): fuboTV issues deepen with increasing net debt, projected cash flow burn ...
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