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LVMH News

Chanel Mulls Not Letting People Buy More Than Two Bags A Year

"We have sometimes to limit the number of items a single client can buy,” Chanel CFO Philippe Blondiaux told Reuters.

Musk May Owe Billions in Legal Fees if He Walks Away From Twitter Deal

One thing investors don't like is protracted legal fights, even for hip companies like Tesla, SpaceX, Neuralink and The Boring Company.

Despite It All, People Are Buying A Lot Of Dior And Louis Vuitton

"What is true today may be wrong tomorrow," LVMH CFO Jean Jacques Guiony said during the analyst call.

Can Target's New Cosmetics Play Outsell Ulta And Sephora?

Target is increasing its cosmetics offerings as its competitors Sephora and Ulta fight for the top spot in both skincare and makeup sales.

No More Cyber Monday? Discount Days May Be Over, New Data Says

"The urgency around those days is being minimized," Vivek Pandya, lead analyst for Adobe Digital Insights, told TheStreet.

Breaking News

Bank of America Lists Companies With Most Mentions of 'Supply Chain'

These companies made the most mentions of "supply chain" in their first-quarter earnings calls.

Crypto Crisis: Struggling Crypto Lender About to Be Acquired by Rival

Crypto firm Nexo is reviewing the assets of lender Vauld with the intent of acquiring the struggling crypto financial services company.

Ford Makes a Major Change

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

Stock Market Today - 7/5: Stocks End Mixed On Recession Fears; Dollar Hits Two-Decade Peak

Stocks bounce back as tech stocks surge as investors focus on growth and inflation prospects in the world's biggest economy.