Russian oligarch Dmitry Rybolovlev loses suit accusing Sotheby’s of art fraud
Russian billionaire Dmitry Rybolovlev on Tuesday lost a New York federal court lawsuit in which he had accused the Sotheby’s…
China’s luxury market is bouncing back. Analysts say these are new areas of opportunity
BEIJING — China’s luxury sales are rebounding, and while they’re not back to 2021 levels yet, industry analysts and financial…
Trafigura assesses Red Sea risks after tanker attacked by Houthis
Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put…
WWE founder Vince McMahon resigns from TKO Group after being accused of sexual assault and trafficking in new lawsuit
Vince McMahon, executive chairman of the board of TKO Group Holdings and founder of wrestling giant WWE, has resigned his positions…
LVMH shares jump over 12% as earnings point to luxury sector resilience
LVMH shares jumped more than 12% on Friday morning, after the world’s largest luxury group posted higher-than-expected sales for 2023…
Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring
Levi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel…
Appeals court upholds ‘pharma bro’ Martin Shkreli lifetime ban from drug industry
A federal appeals court Tuesday upheld a lifetime ban on “pharma bro” Martin Shkreli from working in the pharmaceuticals industry…
Netflix to stream WWE’s Raw starting next year in its biggest jump into live entertainment
Netflix and TKO Group Holdings said Tuesday that the streaming platform will air WWE’s flagship program “Raw” starting next year,…
‘That’s Bidenomics at work’: White House eager to take credit for retail sales bounce
The White House eagerly took credit Wednesday for December’s strong retail sales numbers, which beat expectations due to higher consumer…
AI era is a ‘seismic moment’ in tech we’ve not seen in a decade, top Meta exec says
The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a…
