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
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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
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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
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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
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