In a remarkable turnaround, luxury powerhouse LVMH Moët Hennessy Louis Vuitton has reported a revival in its watches and jewelry sector following a year marked by declines. During its recent earnings call, the company announced a modest 3% increase in sales within this division, signaling a potential rejuvenation for a brand that has long been
In a robust display of financial performance, Swiss pharmaceutical powerhouse Novartis reported fourth-quarter sales that exceeded analysts’ forecasts, climbing 16% on a constant currency basis to reach an impressive $13.2 billion. Analysts had anticipated revenues closer to $12.795 billion as per an LSEG poll. This performance spurred a positive market reaction, lifting Novartis shares by
As President Donald Trump prepares to impose a potential 25% tariff on imports from Canada and Mexico, the automotive industry stands on the precipice of significant upheaval. The threat is not merely an economic inconvenience; it introduces a level of uncertainty that has already started to affect stock prices and erode investor confidence among automakers
OpenAI is currently navigating discussions to secure up to $40 billion in funding, a move that could potentially elevate its valuation to a staggering $340 billion. The strategic investors leading this initiative are none other than Masayoshi Son’s SoftBank, expected to contribute between $15 billion and $25 billion. This new round of funding would not
Recent trends indicate difficult times for the housing market, underscored by a notable 5.5% drop in signed contracts for existing homes in December. Reported by the National Association of Realtors, this decline marks a significant shift following four months of steady increases. The number of pending sales, which serve as a precursor to completed transactions,
The recent collision between an American Airlines regional jet and an Army Black Hawk helicopter has shaken the aviation community, marking the deadliest air accident in the U.S. in over two decades. Occurring just before 9 p.m. ET on a Wednesday evening, the tragic event claimed the lives of 64 individuals—60 passengers and four crew
The child tax credit (CTC) has become a vital financial resource for families across the United States, providing crucial support as they manage expenses associated with raising children. However, the process of claiming this credit is fraught with complexities and potential errors that can have significant implications for the timely receipt of tax refunds. In
The recent financial report from H&M, a global heavyweight in the fashion retail industry, painted a mixed picture that has left investors anxious. Following an announcement that the company’s fourth-quarter sales fell short of market expectations, shares plummeted more than 5%. The reported sales amounted to 62.19 billion Swedish krona, which was significantly lower than
On a fateful Wednesday evening, an air disaster unfolded in the skies over Washington D.C. as an American Airlines regional jet collided with a military helicopter shortly before landing at Ronald Reagan Washington National Airport. This catastrophic event, which involved 64 individuals on board the aircraft, marks one of the gravest aviation incidents in the
California’s insurance market is recognized for its unique challenges, particularly in the wake of natural disasters such as wildfires. As highlighted by Chubb’s CEO Evan Greenberg, the landscape is becoming increasingly difficult for insurers who seek to maintain profitability amidst high-risk conditions. Greenberg emphasized that Chubb’s strategy hinges on not underwriting policies where potential returns