Shares in luxury goods companies, including LVMH, have dropped due to a 5% decline in third-quarter sales, attributed to economic and geopolitical uncertainties in Asia. The real-estate crisis in China has led to a decrease in luxury spending, impacting key growth drivers for the sector. Despite challenges, stronger players like LVMH may seize opportunities to invest in areas with potential growth and acquire struggling competitors to strengthen their market position in the luxury sector.
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Buying a Car? Trump’s Tariffs Could Make It More Expensive.
The impact of tariffs on car prices will vary by model, with manufacturers likely to distribute cost increases evenly to mitigate the impact. Consumers should not rush to buy a new car due to uncertainty over tariff implementation, but may consider purchasing sooner if their preferred model is available. Electric vehicles and plug-in hybrids may be a good option due to potential tax credits, but buyers should carefully consider their needs and charging options. Additionally,...
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