LVMH sales beat expectations as CEO Bernard Arnault shifts focus …
Jan 29, 2025 · CEO Bernard Arnault, who is shifting the company's focus to the US in order to avoid higher taxes in the EU, was the only Frenchman on the podium at the inauguration of Donald Trump. Meanwhile, the...
Global stocks mixed as market awaits ECB decision
Jan 29, 2025 · Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision. Major US indices spent most of the session in the red before closing moderately lower. The S&P 500 ...
French luxury giant LVMH to shift focus to the United States
Jan 29, 2025 · France's largest conglomerate LVMH is turning its eyes the the United States in order to avoid higher taxation in Europe.
LVMH's Bernard Arnault ousts Larry Ellison as the world's 4th …
Jan 17, 2025 · Bernard Arnault, the founder and CEO of LVMH Moët Hennessy Louis Vuitton, has become about $14 billion richer already in 2025, according to the Bloomberg Billionaires Index.
Former Federal Reserve adviser indicted and arrested for alleged ...
5 days ago · Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China.
CAC 40 Drifts Lower As Luxury Stocks Drop After LVMH Reports
Jan 29, 2025 · (RTTNews) - French stocks are down in negative territory Wednesday morning, weighed down by losses in the luxury sector as industry major LVMH's fourt-quarter revenue fell short of...
LVMH drags down luxury shares as budding hopes fade
Jan 29, 2025 · The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when further easing may take place in an economy where inflation remains above ...
Less than half of U.S. banks ready to borrow from Fed in emergency
Apr 12, 2024 · A year after Silicon Valley Bank's failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve's emergency lending facility,...
Trump Talks Tariffs, Immigration & LVMH Shares Slump
Oct 16, 2024 · In today's show, Republican presidential candidate Donald Trump defended his plans to overhaul the US economy through dramatic tariff increases and more direct consultation with the Federal...
Federal Reserve issues FOMC statement
Dec 18, 2024 · The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent.