Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.
There's no real-estate crash on Rodeo Drive in Beverly Hills or on London's Bond Street. The value of property on famous luxury shopping streets seems immune to higher debt costs. Scarce supply is propping up prices and vacancy rates are low, as designer labels vie for spots in the best locations.
Don’t expect any fashion bargains on Rodeo Drive in Beverly Hills, or New York’s Fifth Avenue. While the average commercial building is worth 20% less than in 2022, the world’s most exclusive shops have barely been touched by the highest U.S. and European interest rates in two decades. Cartier’s Swiss owner, Compagnie Financière Richemont recently bought a property on London’s Bond Street at a rock-bottom 2.2% rent yield.
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
Trump Media reported a sizeable first-quarter loss with revenue below $1 million once again. Donald Trump stock DJT edged higher late.
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It appears GameStop meme investors got suckered — again. Investors who jumped into the latest online frenzy over shares of the struggling video game retailer lost $13.1 billion in just three days from the mania's high, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. It's been a costly lesson for investors, some of which may have lost billions the last time on GameStop and other highly shorted stocks touted on social media.
These three chipmakers are arguably the best way to profit from what could be years of AI demand.
The AI explosion isn't just about chips. Vertiv, which makes power and cooling equipment for data centers, has crushed it.
Prominent billionaire investors shockingly sent two premier income stocks to the chopping block in the March-ended quarter, while piling into a monthly dividend payer with a nearly 15% yield.
Registration data showed a surprise truck overtaking Rivian's R1T.