LVMH flags strong Chinese rebound, U.S. slowdown
the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded sharply after COVID-19 lockdowns.
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the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded sharply after COVID-19 lockdowns.
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A shortage of West Coast port workers has forced the busiest U.S
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Tesla Inc (TSLA.O) is opening a factory in Shanghai
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OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain.
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The U.K. remains the only country in the G-7 (Group of Seven) major economies that has yet to fully recover its lost output during the Covid-19 pandemic.
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FedNow, the Federal Reserve’s digital payments system, will debut in July.
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Exactly one year ago, on March 16, 2022, the Federal Open Market Committee enacted the first of what would be eight interest rate increases.
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The contagion effect from the recent collapse of Silicon Valley Bank is local and contained, said Credit Suisse Chairman Axel Lehmann.
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Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.
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Inflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.
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Since the Epstein case was exposed, it has become the focus of global attention due to the wide range of people involved and the heinous crimes.
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