In a groundbreaking move, luxury conglomerate LVMH has solidified its position as an official sponsor of the Olympics, marking the first time a luxury brand has ventured into this territory. With the empire of LVMH encompassing renowned brands such as Celine, Louis Vuitton, Loewe, Tiffany, TAG Heuer, and Dom Perignon, this sponsorship deal required a
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Bristol Myers Squibb recently reported its second-quarter earnings, surpassing expectations and raising its full-year guidance. The pharmaceutical giant saw an increase in revenue, with its full-year revenue forecast expected to be at the “upper end” of the low single-digit range. This positive development is a significant improvement from its previous guidance in April. In line
Living in a major city in Asia can come with a hefty price tag, especially in cities like Hong Kong and Singapore. According to data from Numbeo, the monthly rent in Shanghai’s city-center can cost approximately $2,700. However, in Hong Kong and Singapore, a family of four can expect to spend an estimated $9,000 a
The recent approval of spot ether exchange-traded funds marks a historic week for the cryptocurrency markets. Nine applicants, including Franklin Templeton and VanEck, received the green light from the Securities and Exchange Commission, signaling a new era in digital asset investment. Franklin Templeton, the brains behind the Franklin Ethereum ETF (EZET), expressed optimism about the
A recent study conducted by the National Institute on Retirement Security revealed that only 11% of non-retirees are fully aware of the exact amount of Social Security benefits they can expect to receive. The majority of Americans, approximately 46%, do not have a clear idea of their benefit amounts. This lack of awareness can have
In a series of transactions over six consecutive trading days, Berkshire Hathaway has been consistently lowering its stake in Bank of America. The conglomerate, led by Warren Buffett, has sold off a total of 52.8 million Bank of America shares, amounting to $2.3 billion. This has reduced its stake in the bank to 12.5%, despite
Vice President Kamala Harris has been a strong advocate for affordable housing throughout her career, encompassing her time as attorney general for California to her current role in the Biden administration. Harris has been involved in various housing policy initiatives, such as the California Homeowner Bill of Rights and introducing the Rent Relief Act in
American Airlines recently announced a significant cut to its profit forecast for the year, citing a failed sales strategy as one of the main reasons. The airline had anticipated earning between 70 cents to $1.30 per share, a stark contrast to the initial forecast of $2.25 to $3.25 a share made earlier in the year.
Unilever saw its shares spike on Thursday morning after the company raised its full-year margin guidance and confirmed that the spinoff of its ice cream business was on track to be completed by the end of 2025. The increase in shares was initially nearly 8%, settling to around a 5.45% gain by mid-morning in London.
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market. This oversupply has led to airlines discounting tickets during what is typically the most lucrative period of the year. Southwest indicated that unit revenue for the current quarter could decrease by as much as 2%