Luxury brands like Chanel, Hermes, and Louis Vuitton reported a record-high stock decline as consumers hesitate to spend more due to rising prices caused by inflation.
Sectors
Pfizer Unveils Multi-Year Cost-Cutting Plan to Offset Plummeting COVID-19 Vaccine Sales
Pfizer has announced a multi-year cost-cutting program focusing on operational efficiencies, network structure changes, and product portfolio enhancements, aiming to save $1.5 billion by 2027 amidst declining COVID-19 vaccine sales.
Fueling the Future of Web3 Innovation with Grants and Investments
From the outside looking in, there's no denying that the Web3 ecosystem has evolved immensely over the last couple of years. To this point, a recent study suggests that the sector is set to achieve a valuation of $177.58 billion by 2033—with this growth largely being driven by a vision of decentralization, transparency, and community ownership shared by crypto enthusiasts globally.
China's Retaliatory Tariff Warning Rattles European Luxury Automakers
The threat of potential retaliatory tariffs from China on luxury cars from the EU and US has intensified amid escalating trade tensions, impacting European automakers like Mercedes-Benz and BMW.
Analysts Expect Nvidia Revenue to Surge 200% Amid AI Boom
Nvidia's stock dipped slightly from its all-time high on Wednesday ahead of its critical Q1 earnings report. Investors expected the company to show 200% revenue and profit growth driven by high demand for its AI chips.
Latest News
Louisiana is now aiming to categorize some abortion pills as dangerous controlled substances. The House has already passed the new bill.
Nissan has decided to delay its plan to build new EVs at its factory in Canton, Mississippi. Nissan has decided to delay its plan to build new electric vehicles (EVs) at its factory in Canton, Mississippi, since EV sales are increasing slower than anticipated.
Elon Musk has confirmed his threat to Tesla shareholders that he will take AI and robotics products away from the company unless his demand for 25% ownership is met.
Citigroup Inc. was fined £61.7 million ($79 million) by British regulators for failing to prevent a "fat finger" mistake worth $444 billion.
Mastercard has revealed its plan to employ AI to determine if a credit or debit card number has been compromised.
Elvis Presley's granddaughter Riley Keough is reportedly "traumatized" by the idea of the Rock n' Roll legend's Graceland estate in Tennessee being auctioned off and sold to a "random stranger."
The Pentagon is alarmed as Vladimir Putin's newly launched satellite-killer weapon is reportedly tracking US technology in orbit, posing a significant threat to American space assets.
Nestle announced that they would be launching its ‘Vital Pursuit’ food line by Q4 2024, which would target those using the semaglutide drugs Ozempic and Wegovy.
Former President Donald Trump has chosen not to testify in his criminal hush money trial on Tuesday, swiftly bringing his defense to a conclusion and setting the stage for jury deliberations next week.
