The recent warning issued by French luxury group Kering has led to a significant 14% drop in the company’s shares. This warning comes alongside a prediction that Gucci sales are set to fall by 20% year-on-year in the first quarter of 2024. The decline in sales is primarily attributed to decreasing transactions in Asia, particularly
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Recent reports have surfaced regarding Donald Trump’s legal battle to secure a $464 million appeal bond in a civil fraud case. Initially in talks with insurance giant Chubb, Trump and his co-defendants faced a setback when the company backed out of the agreement. Despite efforts from more than 30 other companies declining to craft a
Trade tensions between Europe and Beijing are on the rise due to China’s increasing ability to manufacture goods more affordably in key industries. Jens Eskelund, president of the European Union Chamber of Commerce in China, warned that Europe is facing a slow-motion train accident as strategically important industries are being priced out of the market.
When it comes to Social Security benefits, the rules can be complex and filled with nuances. However, for divorced spouses, there is a valuable quirk that can significantly impact their benefits. In many cases, the monthly Social Security benefit that a divorced spouse can claim based on a former spouse’s work history essentially doubles when
JetBlue Airways recently made the decision to cut a number of routes in an effort to streamline operations and improve financial performance. The airline reduced its departures from Los Angeles International Airport, focusing on profitable transcontinental routes that include its Mint business class cabin. This move comes in the wake of a failed attempt to
Recently, the Biden administration has been making waves by forgiving student debt for select groups of qualifying borrowers. This has led to almost 3.9 million individuals having their loans cancelled, amounting to a staggering $138 billion in relief. However, for those who have not yet qualified for this aid, the question remains – when will
The issue of affordability is a major concern among college hopefuls, yet there has been a significant decrease in the number of students applying for financial aid. The challenges associated with the new Free Application for Federal Student Aid (FAFSA) have deterred many high school seniors and their families from completing the application. According to
As the federal tax deadline looms, millions of Americans are rushing to file their returns. However, for U.S. expatriates, the process is even more complicated due to additional filing rules. A recent survey by Greenback Expat Tax Services revealed that nearly one-third of American expats are either considering renouncing their citizenship or already have plans
Ferrari CEO Benedetto Vigna recently announced the luxury carmaker’s ambitious plans to introduce its first fully electric vehicle by the final quarter of 2025. This move marks a significant shift for the Italian company, known for its iconic combustion engines that have delivered an unmatched roar on the roads. The decision to venture into the
Legendary filmmaker George Lucas has thrown his weight behind Walt Disney CEO Bob Iger in the ongoing proxy battle with activist investor Nelson Peltz. Lucas, known for creating iconic franchises like “Star Wars” and “Indiana Jones,” is the largest individual shareholder in Disney after receiving 37.1 million Disney shares as part of the Lucasfilm acquisition
