The luxury fashion industry, notorious for its fluctuating fortunes, has seen a tumultuous year, and Kering, a key player in this field, is no exception. As the firm recently announced its fourth-quarter and full-year results, a closer examination reveals a struggle to maintain its former glory, especially with its flagship brand, Gucci, facing significant challenges.
Real Estate
The financial landscape in Southeast Asia has seen dynamic shifts, particularly highlighted by DBS Bank’s performance in 2024. Under the stewardship of CEO Piyush Gupta, DBS set new records, achieving a staggering net profit of 11.4 billion Singapore dollars (approximately 8.4 billion USD). This success stems from various key factors, such as soaring fee income
The penny, a staple of American currency since its introduction, may be on the verge of extinction, thanks to President Donald Trump’s recent directive to halt its production. In a bold claim via his Truth Social platform, Trump asserted that the U.S. government has been incurring losses by minting this one-cent coin, which costs more
The U.S. housing market has been facing significant challenges in recent years, aggravated by various economic factors and policy decisions. High mortgage interest rates, a limited supply of homes, and inflated property prices have already put potential buyers in a difficult position. With additional tariffs on essential building materials, both the residential construction segment and
In the constantly shifting financial landscape, the decisions made by investors often stem from a mix of market trends, corporate performance, and expert opinions. Recently, James Demmert, the chief investment officer of Main Street Research, voiced his thoughts on two prominent stocks: McDonald’s and Charles Schwab. His insights have substantial implications for investors considering their
In recent months, the egg market in the United States has faced unprecedented turmoil, primarily led by a significant outbreak of avian influenza, commonly known as bird flu. As of now, wholesale prices for large, white-shell eggs have surged to an astonishing $8 per dozen, a considerable increase from the previous record of $5.46 set
In an automotive industry where uncertainty looms large and economic pressures push companies to cut costs, Stellantis made a bold decision to invest in a Super Bowl advertisement this year. The backdrop of this move included a recent executive upheaval—with CEO Carlos Tavares resigning unexpectedly—an increasing focus on electric vehicles (EVs), and prevailing market conditions
As of late 2023, renters in the United States find themselves in a favorable position, enjoying a decrease in median rental prices that has become a talking point among experts. The national median asking rent has dipped to approximately $1,695, reflecting a 0.5% decrease from the previous month, and a noteworthy 1.1% dip compared to