Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world by investing in artificial intelligence companies. With a net worth of $184 billion, Arnault has been exploring the realm of AI through his tech-focused venture firm and family office, Aglaé Ventures. This move showcases Arnault’s forward-thinking approach
The decision to sell off 330 shares of Estee Lauder at roughly $96.30 per share was made shortly after the opening bell, marking the exit of Jim Cramer’s Charitable Trust from the position in EL. This move came in response to the company’s disappointing fiscal 2025 guidance, which included projections of a 1% decline to
As market volatility continues to rise, investors are seeking ways to protect their portfolios from potential downside risk. One strategy gaining popularity is the use of buffer exchange-traded funds (ETFs). These ETFs offer a level of protection while still allowing investors to gain exposure to the market. Buffer ETFs, such as those offered by Innovator
Starbucks, once a coffee giant, is facing multiple challenges that have led to a decline in sales and customer satisfaction. The rise of mobile orders, operational inefficiencies, and a lack of adaptation to shifting consumer behavior are all contributing factors to the company’s struggles. With the appointment of Brian Niccol as the new CEO, the
Inflation in the United States continued to decrease in July, mainly due to the easing of price pressures on consumer staples and physical goods, such as food, energy, new and used cars. The consumer price index (CPI), which serves as a crucial measure of inflation, rose by 2.9% in July compared to the previous year,
The first stock pick recommended by Wall Street analysts is project management software provider Monday.com (MNDY). The company reported impressive second-quarter results and raised its full-year outlook, driven by strong demand from large customers. In fact, the number of paid customers with more than $100,000 in annual recurring revenue (ARR) increased by 49% to 1,009.
The federal minimum wage has remained unchanged at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Democratic presidential nominee Kamala Harris has called for an increase in the minimum wage to support working families. However, despite some states enacting higher minimum hourly pay rates, 20 states still
The recent discovery by Gilead Sciences of a dangerous drug-counterfeiting operation involving its HIV medications has shed light on a disturbing trend in the pharmaceutical industry. The operation, allegedly orchestrated by Peter Khaim, a known medical fraudster, targeted patients in New York and New Jersey by tampering with and reselling counterfeit Gilead medications. This scheme,
Flutter’s recent second-quarter earnings report has left investors impressed, with shares soaring by 8% following the announcement. The company’s FanDuel betting platform has been a significant contributor to this success, capturing market share and achieving substantial revenue growth even in states with well-established sports betting and online gaming markets. One of the most notable aspects
SpaceX is gearing up for an extraordinary mission at the end of the month, as they prepare for the Polaris Dawn mission. This mission, purchased by billionaire Jared Isaacman for his Polaris Program, marks the first of three flights acquired from SpaceX in 2022. The launch is scheduled for the early hours of Aug. 26