Hermes, A Valuable Luxury Business
Hermès is a premium fashion house based in France that was founded in 1837. Leather products, lifestyle accessories, home furnishings, fragrances, jewellery, watches, and ready-to-wear are among its specialties. It has had a Duc carriage with horse as their emblem since the 1950s.
Go Deeper (7 min read)Higher Inflation And Rates Hikes Ahead
Russia's invasion of Ukraine is likely to raise inflation according to Jerome Powell, which would be a blow to the Fed's predictions of easing pricing pressures in the coming months.
Go Deeper (2 min read)SoftBank Is Cutting Its Alibaba Stake
SoftBank Group Corp is set to reduce its holding in Chinese e-commerce giant Alibaba, according to an analyst, as the Japanese tech titan focusses on unlisted companies and repurchases its shares. In the last quarter, SoftBank sold 20 million Alibaba shares and could sell even more shares in 2022.
Go Deeper (2 min read)Tesla's Gigafactory On Hold
Tesla revealed plans for its first Gigafactory in Europe near Berlin in late 2019, challenging Germany's conventional car industry titans Volkswagen and Daimler.
Go Deeper (2 min read)The luxury group's sales, as well as those of its rivals Kering and Richemont, have risen dramatically as a result of rising demand for European fashion and accessories.
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Amazon Surprises, Meta Fades
Amazon's profit nearly doubled during the holiday season, thanks to better-than-expected labor and supply cost control, as well as advances in its cloud computing and advertising divisions.
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Labour Market Heals
According to Labor Department figures released Tuesday, job postings totaled roughly 11 million in December all while the Great Resignation slowed.
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What changed in the last quarter was what retail investors were trading. They shied away from meme stocks, opting instead for more conservative exchange-traded funds.
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Thematic Investing Is Showing Cracks
According to a recent report from JPMorgan, the attractiveness of investing in thematic ETFs that target diverse topics like renewable energy, innovation in developing markets, robots and space exploration does not benefit the end investor in the long run.
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Markets Pressured By Uncertainty
Tensions are heating up as Russia massed an estimated 100,000 troops along Ukraine's border, encircling the country from the north, east, and south.
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Estée Lauder, The Beauty Giant
The company was founded by Estée and Joseph Lauder in 1946 in New York. They started by selling only basic oils and skin solutions and opened their first department store account with Saks Fifth Avenue in Manhattan in 1948.
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