The world-renowned luxury king, Bernard Arnault, founder and CEO of LVMH, has not only conquered the world of high-end fashion and exclusive brands, but he is also making a significant impact in the artificial intelligence (AI) industry. With a net worth of $184 billion, Arnault has been on a shopping spree for AI companies through
admin
Estee Lauder, a renowned name in the prestige beauty market, recently faced challenges with its fiscal 2025 guidance. Despite capping off fiscal year 2024 on a positive note, the company’s forecast for the new fiscal year fell short of expectations. With organic net sales projected to decline or show minimal growth, and adjusted EPS forecasted
One of the top stock picks from Wall Street analysts is project management software provider Monday.com (MNDY). This company has recently impressed investors with its second-quarter results and raised its full-year outlook. The increase in demand from large customers has been a significant driver of growth for Monday.com. In fact, the number of paid customers
Gilead Sciences recently revealed a dangerous drug-counterfeiting operation that took place in two New York City pharmacies. The mastermind behind this operation was identified as Peter Khaim, a twice-convicted medical fraudster. He was described as one of the most brazen and largest manufacturers and sellers of counterfeit Gilead medications in the country. The scheme involved
Buffer ETFs are being touted as a potential solution for investors looking to hedge against recent market volatility. CEO of Innovator ETFs, Bruce Bond, believes that these exchange-traded funds offer a way for investors to gain exposure to the market while protecting themselves from downside risk. One example of a buffer ETF is the August
One of the key problems facing Starbucks, as highlighted by investors and executives, is the operational issues that have resulted in declining sales over recent quarters. The rise of mobile orders, accounting for roughly one-third of the total sales, has created chaos in stores, with frustrated customers and overwhelmed baristas. Former CEO Howard Schultz has
The federal minimum wage has remained at $7.25 per hour for the past 15 years, causing many workers to struggle to make ends meet. While some states have enacted higher minimum hourly pay rates, there are still 20 states where the minimum wage is no higher than the federal level. This stagnation has led to
The latest data from the U.S. Department of Labor indicates a positive trend in inflation rates, with the consumer price index rising by 2.9% in July compared to the previous year. This represents a decrease from the 3% recorded in June and marks the lowest reading since March 2021. The consumer price index tracks changes
The recent second-quarter earnings report from Flutter revealed impressive growth in revenue, driven largely by the success of its FanDuel betting platform. This positive news caused a surge in investor interest, with shares rising approximately 8% following the announcement. One of the key highlights of the report was Flutter’s decision not to impose a surcharge
Zeekr, a Chinese electric car brand, has recently unveiled groundbreaking new batteries that claim to have the fastest charging capabilities in the world. This innovation is set to address the long-standing concerns of consumers regarding the driving range of electric vehicles and the ease of recharging them. With the introduction of these new batteries, Zeekr