Kering ADR News
Luxury Goods Stocks Slump as Apple China Warning Ripples Through Markets
European-listed luxury goods stocks tumbled Thursday as investors worried that Apple Inc.'s surprise revenue warning, which it blamed on slowing China sales, signaled weaker consumer spending in the world's second largest economy.
Dow Futures Swing Higher After Boeing Q3 as Investors Shift Focus to US Earnings
Global stocks rebounded modestly Wednesday, as new moves to support the Chinese economy boosted markets in Asia and solid corporate profits lifted Europe shares higher at the opening bell, but investors remain sensitive to the U.S. earnings story amid signs of a slowing world economy and rising equity volatility ahead of some key tech-sector reports later this week.
Wall Street Looks Obsessed With This One Luxury Goods Retailer
It pays to be in fashion, or so it seems.
Hermes International Rises as Luxury Sector Momentum Continues to Improve
Hermes International traded higher Thursday after a strong set of first-quarter earnings that added to the gaining momentum of the luxury sector that has seen many houses report double-digit growth.
Kering Stock Surges To Record High on 'Outstanding' Gucci Performance
Kering shares hit an all-time high on Wednesday in Paris after the French luxury goods house reported a record performance in the first three months of the year.
LVMH Warns of Hennessy Cognac Shortages Following Stunning First Quarter
The maker of Fendi fashions and Hennessy cognac posted posted a 15% increase in first-quarter sales easily beating analyst expectations.
Kering Delivers Strongest Annual Growth in Five Years
Kering shares surged to the top of the CAC 40 on Friday after Gucci and Saint Laurent sales helped deliver its strongest annual growth in five years.
Gucci adds some sexy to parent company's bottom line
Yves St Laurent sales helped Kering, too.
European markets gain, FTSE 250 hits record high, as Trump tax pledge boosts global stocks
European stocks traded higher Friday after much better-than-expected trade data from China boosted economic sentiment and comments from President Donald Trump suggest imminent tax reform in the world's biggest economy.
Target Stock Slides As Discounts Clip Margins, Sharply Trim Q2 Earnings
"While these inventory actions put significant pressure on our near-term profitability, we're confident this was the right long-term decision," said CEO Brian Cornell.
Taking Social Security? Retirees May Get a Big COLA Bump Up in 2023.
U.S. retirees may get a big benefit with the next Social Security cost-of-living adjustment for 2023.
Retail Sales Stall In July, But Core Spending Gains As Gas Prices Tumble
Core retail sales improved firmly in July, but the headline figure was essentially unchanged as gas prices tumbled from their June record highs.