Posts

Wealth
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Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 8%

Luxury stocks fall as Iran war weighs on earnings; Hermes...

Hermes said wholesale activity was "significantly affected" in the first quarter...

Wealth
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IRS audit rate for high earners falls: Here's what to know

IRS audit rate for high earners falls: Here's what to know

It's Tax Day, and all income groups have seen their chances of getting audited decline...

Wealth
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Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci

Kering looks to double profits as it unveils ambitious...

The "ReconKering" strategy announced Thursday includes more than doubling its 2025...

Finance
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Stocks making the biggest moves premarket: Intel, Advanced Micro Devices, Procter & Gamble & more

Stocks making the biggest moves premarket: Intel, Advanced...

These are the stocks posting the largest moves premarket.

Economy
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Markets shift back toward potential Fed rate cut this year with Iran ceasefire in place

Markets shift back toward potential Fed rate cut this year...

Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the...

Entertainment
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After $6.25bn 'gift' to 'Trump Accounts', Michael & Susan Dell donate $750m

After $6.25bn 'gift' to 'Trump Accounts', Michael & Susan...

Michael and Susan Dell have pledged $750 million to the University of Texas at Austin...

Economy
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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

Iran oil shock stirs memories of 1997 Asian Financial Crisis...

The Hormuz disruption is hammering Asian economies with surging energy costs and...

Economy
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Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows

Inflation held sticky at 3% as U.S. headed into war with...

The gauge released Thursday offers the Federal Reserve a snapshot of conditions...

Economy
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Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict

Consumer prices rose 3.3% in March, as energy prices spiked...

The consumer price index was expected to show a 3.3% year-over-year gain in March,...

Economy
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Consumer sentiment hits record low, inflation fears rise amid Iran war

Consumer sentiment hits record low, inflation fears rise...

The university's headline index of consumer sentiment tumbled to 47.6, down 10.7%...

Economy
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Hormuz blockade could deepen world’s worst energy crisis — and risk a dangerous misstep

Hormuz blockade could deepen world’s worst energy crisis...

The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic,...

Economy
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Wholesale prices rose 0.5% in March, much less than expected despite war impact

Wholesale prices rose 0.5% in March, much less than expected...

The producer price index was expected to increase 1.1% in March, according to the...

Economy
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CEOs are betting AI will augment work rather than displace all workers

CEOs are betting AI will augment work rather than displace...

Panelists at the Semafor World Economy conference said artificial intelligence can...

Economy
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U.S. says Hormuz blockade 'fully implemented,' while signaling diplomatic off-ramp for Iran

U.S. says Hormuz blockade 'fully implemented,' while signaling...

The White House has been signaling a diplomatic solution to the conflict in the...

Economy
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Trump threatens to fire Powell if the Fed chair doesn't leave office on his own

Trump threatens to fire Powell if the Fed chair doesn't...

Though most Fed chairs in the past have left after being replaced, Powell has demurred...

Economy
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Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'

Cleveland Fed President Hammack expects interest rates...

The central bank official advocated a patient approach as officials watch incoming...