LVMH Moët Hennessy Louis Vuitton missed first-quarter revenue estimates, as demand for the company’s luxury goods contracted slightly, the company announced Tuesday. Organic revenue, which excludes external factors such as currency fluctuations, rose by 3%, LVMH said. Foreign exchange factors represented a 4% drag on reported revenue.
A bigger COLA may sound great, but it has some big drawbacks for retirees too.
Real estate mogul Grant Cardone took aim at the Biden administration's proposed 25% tax on unrealized gains on taxpayers with wealth greater than $100 million, asking his followers on X to imagine the value of their homes or stocks increasing $400,000. "YOU would owe $25,000 without selling," Cardone posted. "Another attempt to destroy middle-class America." The Budget of the United States Government for fiscal 2025 proposes a new minimum tax on income and unrealized capital gains — for the smal
Nvidia's run at the top of the AI trend may be coming to an end, and smart money is pouring into these 2 AI winners.
Nvidia has a strong pulse in data center operations, but another "Magnificent Seven" peer could be catching up.
One of Buffett's favorite stocks of all time topped his list of buys in 2023.
As Rivian (RIVN) grapples with EV demand challenges and operational hurdles, consider waiting for clearer signals post-Q1 earnings before investing, despite the dip in shares.
(Bloomberg) -- Steward Health Care System LLC filed for bankruptcy early Monday after a period of mounting financial challenges and government scrutiny over the impact of its hospital closures on patients. Most Read from BloombergHamas Says It Accepts Proposal for Gaza Cease-Fire With IsraelTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Was Repaid From Personal AccountS&P 500 Is Set for
With energy prices on the rise, here are three dividend stocks to consider in the energy sector, from high risk to low risk.
Palantir stock has surged 36% this year—and more than 200% over the last 12 months—as the data analytics software company gains traction with its artificial intelligence applications, in particular with U.S. commercial customers. Investors will get fresh insights on how Palantir’s AI push is going when the company reports first-quarter financial results after the close of trading on Monday. Palantir’s fourth-quarter results were impressive, driven by strength in the company’s U.S. commercial business, which were, as CEO Alex Karp put it in an interview with Barron’s three months ago, “bombastic, baller, incomprehensibly good.”
During Tesla's first-quarter earnings call, investors learned that the company is exploring licensing opportunities in autonomous driving.