Category: Finance News

Billionaire tech entrepreneur Elon Musk has a history of pulling all-nighters to get work done. Those days are behind him now, he says — here’s why.

The Dallas Fed president said the central bank still has work to do in achieving its goal for price stability.

These are the stocks posting the largest moves in premarket trading.

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton has built a massive 75-brand portfolio, cementing its legacy for decades to come. Its Chairman and CEO, Bernard Arnault has masterminded some of its biggest acquisitions, including, most recently Tiffany & Co. in 2021, after a bitter price dispute during the Covid-19 Pandemic. The company has been hailed… Continue reading How LVMH built a $500 billion luxury empire

LVMH has built a powerful portfolio of 75 brands. In 2023, it became the first European company to reach a $500 billion value.

The market’s affinity for Big Tech stocks this year is shortsighted, according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out.

Global debt grew by $8.3 trillion in the first quarter of 2023 to a near-record high of $305 trillion.

Andrew Bailey said second-round effects of wage growth and price setting were “unlikely to go away as quickly as they appeared.”

CNBC’s Christine Tan speaks with Tory Burch’s CEO, Pierre-Yves Roussel, discussing the fashion label’s plans in Asia and how the Tory Burch brand can be turned into a multibillion dollar business.

American designer Tory Burch tells CNBC’s Christine Tan why giving up her CEO role was the “easiest decision” she’s made, and discusses the impact she wants to make beyond her designs.