Business

Luxury conglomerate LVMH is making a strategic move to gain a larger share of the global luxury watch business. With the formation of a new watch division and the introduction of a range of higher-priced models, LVMH is capitalizing on the estimated $30 billion sales of luxury watches worldwide in 2024. This figure is expected

The fourth quarter of 2023 has brought an unexpected surprise in corporate profits, outperforming all expectations. Despite concerns over macroeconomic factors and their impact on consumer sentiment and demand, halfway through the earnings season, companies have been reporting better-than-anticipated profits. Various factors have contributed to this impressive performance, including reduced expectations, lower input costs, and

Amer Sports, the Finnish athletic company known for its popular brands such as Wilson and Arc’teryx, recently made its debut on the public markets. However, the initial public offering (IPO) failed to generate much excitement as its shares only rose by 3%. This lackluster performance can be attributed to the fact that the IPO was

Byron Allen, the renowned media mogul, has recently made headlines with his audacious bid of $14 billion to acquire Paramount Global. Despite facing skepticism surrounding his deal-making abilities, Allen is confident that he has the necessary capital to finance the transaction. In a statement to CNBC, he affirmed, “We have more than enough capital available

Starbucks, the renowned coffee chain, reported disappointing quarterly earnings and revenue that fell short of expectations. The CEO, Laxman Narasimhan, attributed this underperformance to various challenges including a boycott in the U.S. and increased competition in China. As a result, the company revised its full-year revenue outlook. This article will delve into the factors that

Flutter, the parent company of FanDuel, has made its debut on the New York Stock Exchange (NYSE), providing U.S. investors with an alternative to DraftKings, the biggest player in the sports betting market. Despite retaining its primary listing on the London Stock Exchange (LSE) and inclusion in the FTSE 100 index, Flutter sees the United

For nearly 30 years, names like Tinky Winky, Dipsy, Laa-Laa, and Po have been ingrained in the minds of children and parents alike as the iconic Teletubbies. However, as the age of streaming has dawned upon us, the role of these beloved characters and their show has taken on a whole new significance in American

Lawmakers in the United States are intensifying their efforts to address the issue of high drug prices for Americans. In a recent announcement, Senator Bernie Sanders revealed that the CEOs of Merck and Johnson & Johnson have voluntarily agreed to testify at an upcoming Senate hearing on this matter. This development is significant as it

The recent decision by the Federal Aviation Administration (FAA) to halt Boeing’s planned expansion of its 737 Max aircraft production has raised concerns about the future of the company. This decision comes in the wake of a door plug blowing out during an Alaska Airlines flight, highlighting serious quality control issues. FAA Administrator Mike Whitaker

Boeing CEO Dave Calhoun recently met with several U.S. senators on Capitol Hill to address the mounting scrutiny surrounding the company’s leaders in light of a blown door plug incident involving one of their 737 Max 9 planes. This meeting, initiated by Calhoun himself, aimed to provide transparency and answer the senators’ pressing questions. With