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.
Go Deeper (2 min read)Intercontinental Exchange: Growing Steadily
The Intercontinental Exchange (ICE) is a Fortune 500 corporation based in the United States that manages worldwide exchanges, clearing houses, and provides mortgage technology, data, and listing services.
Go Deeper (9 min read)Airbus' Engines Restart
After swinging to a record net profit of € 4.2 billion ($ 4.8 billion), Europe's largest aircraft business has reinstated its dividend for the first time in two years.
Go Deeper (1 min read)Blackstone Sells Mileway For $ 24B
Mileway was formed by Blackstone in 2019 to store the portfolio of urban warehouses and dark kitchens owned by its European property funds in and near populated areas. Companies such as Amazon.com, Deliveroo and parcel delivery provider Deutsche Post rely on these so-called last-mile locations.
Go Deeper (2 min read)Adyen: A Growth & Profits Story
Adyen, a Dutch payments processor, reported a 51% increase in core earnings in the second half of 2021, exceeding expectations and sending its stock price soaring.
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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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The states benefited from demographic changes before and throughout the pandemic, with large payroll increases in the retail, warehousing, technology, and transportation industries.
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A Look Beneath The Surface
The stock market's start to 2022 has been fragile, as evidenced by the sell-off in several stocks. Last week, U.S. equities fell for the second week in a row, pushing the S&P 500 and Nasdaq down 2.2% and 4.8%, respectively. Some equities and sectors have fallen even faster.
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Hot Money Chasing Growth Stocks
In recent years, a key bright light for the hedge-fund industry has dimmed as stocks of technology and other fast-growing companies have sold off, resulting in substantial losses for some big investors.
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Deflation? Not So Fast...
In a webinar on Tuesday, ARK Invest's Cathie Wood doubled down on her prediction that deflation, not inflation, will be the most important driver in the US economy in the coming year.
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