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…
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…
‘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…
Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers
The Haslam family has sold its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway, both…
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail…
Berkshire Hathaway settles suit with Haslam family over truck-stop company
Berkshire Hathaway settled a billion-dollar lawsuit with the Haslam family over how Berkshire accounted for the value of Pilot Travel…
From FedEx to airlines, companies are starting to lose their pricing power
After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the…
Man pleads guilty in stock fraud case involving $100 million New Jersey deli
A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company…
Macy’s shares surge 21% after it receives $5.8 billion buyout offer
Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told…
‘Stop the price gouging’: Biden hits corporations over high consumer costs
President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate…
