Luxury mogul Bernard Arnault, the CEO of LVMH, is known for his high-net-worth status and successful ventures. Recently, he has been making headlines for his investments in artificial intelligence (AI) companies. In a surprising move, Arnault has been shopping for AI companies through Aglaé Ventures, his tech-focused venture firm and family office. This marks a
Estee Lauder has recently announced disappointing fiscal 2025 guidance, leading to a decision by Jim Cramer’s Charitable Trust to exit its position in the company. With organic net sales expected to range from a 1% decline to a 2% increase, well below consensus estimates, and adjusted EPS projected at $2.75 to $2.95, significantly lower than
Starbucks, a once-beloved coffee giant, is facing significant challenges in the digital age. One of the main concerns is the operational issues that have led to frustrated customers and overwhelmed baristas. With mobile orders accounting for roughly one-third of Starbucks’ total sales, the complexity of these orders has become a major obstacle in the smooth
Monday.com, a leading project management software provider, has been gaining attention from investors after impressing with strong second-quarter results. Notably, the company saw a 49% increase in paid customers with over $100,000 in annual recurring revenue (ARR), reaching 1,009. This growth has led to optimistic projections for Monday.com’s future, with TD Cowen analyst Derrick Wood
Gilead Sciences recently made a shocking discovery regarding a dangerous drug-counterfeiting operation that involved tampering with its HIV medications and reselling them to unsuspecting patients. The operation, allegedly orchestrated by a convicted medical fraudster named Peter Khaim, took place in two New York City pharmacies – 71st RX and Best Scripts, located in Queens. This
Buffer ETFs have gained attention in the investment world as a way to provide some protection from market volatility. According to Bruce Bond, CEO of Innovator ETFs, these types of funds cater to individuals who want exposure to the market but are hesitant to take on the full risk. By offering downside protection, buffer ETFs
The federal minimum wage has remained stagnant at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Presidential nominee Kamala Harris has expressed her support for raising the minimum wage to better support working families in America. While many states have implemented higher minimum hourly pay rates, 20
In July, inflation in the United States continued to decline, with the consumer price index rising by 2.9% from a year ago. This is a decrease from the 3% rise in June and marks the lowest reading since March 2021. The decline in inflation was largely driven by easing price pressures for consumer staples such
Zeekr, a Chinese electric car brand, has made a groundbreaking announcement about its new batteries that promise to have the fastest charge in the world. This development is set to address the long-standing concerns of consumers when it comes to battery driving range and the ease of charging. With Zeekr’s new batteries, a remarkable feat
Flutter, the parent company of FanDuel, recently reported outstanding second-quarter earnings, impressing investors and leading to an 8% increase in share prices. FanDuel’s betting platform has been gaining market share and significantly increasing its revenue, even in states with established sports betting and online gaming markets. One of the key highlights was FanDuel’s decision not