In a historic move, luxury conglomerate LVMH has become the first luxury brand to sponsor the Olympics. The brainchild of LVMH Chairman and CEO Bernard Arnault, this groundbreaking sponsorship deal took a year of negotiations and culminated in an investment of approximately $160 million from the parent company of prestigious brands such as Celine, Louis
admin
Living in a major city can be quite expensive, especially when it comes to renting a place in the city-center. According to data by Numbeo, the monthly rent in Shanghai’s city-center can cost approximately $2,700. This high cost is a significant factor to consider for individuals or families looking to move to a major urban
This week marks a significant milestone in the cryptocurrency markets as spot ether exchange-traded funds (ETFs) have finally made their debut. Franklin Templeton, one of the nine applicants for spot ether ETFs, received approval from the Securities and Exchange Commission on Tuesday. The Franklin Ethereum ETF (EZET) has been met with both anticipation and skepticism,
Vice President Kamala Harris has long been recognized as a strong advocate for affordable housing. Throughout her career, she has voiced her support for policies aimed at ensuring that every American has access to affordable housing. One notable example is when Harris posted on X about the Biden administration’s initiative to cap rent increases by
A recent study conducted by the National Institute on Retirement Security revealed that only 11% of Americans who are not yet retired are aware of the exact amount of Social Security benefits they are eligible to receive. Furthermore, 24% of individuals claim to be “not very sure” about their benefit amounts, while 22% admit to
American Airlines recently made headlines after slashing its profit forecast for the year due to a backfired sales strategy. The airline giant now expects to earn an adjusted 70 cents to $1.30 per share this year, a significant drop from the $2.25 to $3.25 a share it had forecasted earlier. This unexpected decline has left
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market. This has resulted in airlines having to discount tickets during what is typically the most lucrative period of the year. The company also forecasted an increase in nonfuel costs, which could rise as much as
Britain’s Labour government is gearing up to introduce updated plans to regulate the “buy now, pay later” industry. This comes in the wake of concerns about consumer debt and the need to protect individuals from financial instability. The Treasury department is working on finalizing the regulations, emphasizing the importance of providing certainty for the sector
Berkshire Hathaway’s recent move to dump more Bank of America shares has caught the attention of investors and analysts alike. Over the course of six consecutive trading days, Warren Buffett’s conglomerate has steadily decreased its stake in the bank. This week alone, Berkshire sold an additional 18.9 million shares, generating $802.5 million in proceeds. This
Unilever experienced a significant increase in share prices on Thursday, following the announcement of an upward revision in its full-year margin guidance. The consumer goods giant also provided an update on the progress of the spinoff of its ice cream business, which is expected to be completed by the end of 2025. Share prices surged