LVMH shares slump on signs the post-COVID luxury boom is over
The luxury conglomerate posted a 1% drop in its second quarter revenue after its sales previously boomed last year in the aftermath of the COVID-19 pandemic Source link...
MARKET
‘I am an only child’: My father left his $50 million estate to my stepmother in an irrevocable trust. I inherited $1 million. Is this reasonable?
“Is it common for entire estates to be left to the second spouse instead of being divided among the children?” Source link...
Deutsche Bank stock slides on further losses from U.S. commercial real estate
Deutsche Bank shares tumbled on Wednesday as the German lender revealed further pain from U.S. commercial real-estate losses and took a provision on a long-running legal dispute. Source link...
By backing Trump, Tesla’s Elon Musk seems to be ignoring reality once again
Tesla Inc. Chief Executive Elon Musk appears not to care about how polarizing his recently espoused political views are to the core customer base for electric vehicles. Source link...
Here’s why Alphabet’s stock is shrugging off an earnings beat
The Google parent has been showing cost discipline in many areas, but several factors could negatively impact margin expansion in the third quarter. Source link...
Texas Instruments’ stock gains as earnings show company is ‘turning the corner’
Texas Instruments, seen as a bellwether for the semiconductor sector in part due to its early earnings-report date, on Tuesday posted a profit beat for the latest quarter. Source link...
Visa’s stock falls as volume growth slows, but exec says trends are stable
Visa says Asia’s recovery has been slower than expected but the company expects to still ‘deliver on the full-year commitment’ it made several quarters back Source link...
Mattel’s quarterly sales fell. But the months ahead will be better, executives say.
Mattel Inc. on Tuesday said it expected to grow both profits and sales next year and said new products and less caution from retailers would help momentum for the second half of this year, even after reporting second-quarter results that...
Is this ETF a ‘meme stock’ now? Google searches are spiking for one small-cap fund.
Investors have been increasingly looking for ways to join in on the rally in small-cap stocks, with Google searches for one small-cap ETF surging to a multiyear high last week. Source link...
SunPower’s stock skyrockets despite company’s challenges: ‘Shorts dug themselves a hole here’
SunPower shares climbed 31.3% Tuesday despite the challenges facing the maker of solar-energy technology. Source link...
