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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Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs
American energy executives are expressing concern over President Trump's tariff threats and push for lower oil prices, despite their initial enthusiasm for deregulation and energy dominance. The industry is trying to balance fighting for their interests, like free trade, while avoiding offending the president, with hopes that the energy dominance agenda will take precedence over tariffs. Executives are worried about the impact of tariffs on the economy and oil prices, seeking more predictability and less...
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