Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."

Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a mixed set of results from Louis Vuitton’s owner, LVMH. After [Burberry](

LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne ( OTCPK:LVMHF) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Bernard Arnault - Chairman and CEO Jean-Jacques Guiony - CFO Stephane Bianchi - Group MD

In a classic case of "the grass is greener," LVMH's Bernard Arnault is eyeing a production expansion in the US., lured by a "wind of optimism" and tax perks, while France's bureaucratic chill leaves him feeling like he just stepped out of a sauna into a snowstorm.

US stocks staged a recovery rally on Tuesday, hot on the heels of Monday’s sell off. Nvidia jumped by 8%, after dropping nearly 17% on Monday. This suggests that the bargain hunters are in town, although the failure to see a complete reversal of Monday’s losses could suggest a permanent loss of value for Nvidia.

Will the Fed keep interest rates steady, or is an adjustment incoming? The central bank announces its decision at 2 p.m. ET. Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets,

The Meta and Tesla CEOs have added around $9 billion and $7 billion to their respective fortunes in just over two weeks, respectively. Arnault's net worth soared on Thursday as LVMH stock surged 9 ...

Global markets will focus on central bank rate decisions and earnings from US tech giants, alongside major European corporate quarterly results. View on euronews

Moet Hennessy Louis Vuitton recorded revenue of EUR 84.7B in 2024. “Growth continued, 1% on an organic basis, despite a

However, the full-year figures reflect a 2% decline in reported revenue compared to 2023, largely attributed to exchange rate impacts and a high post-COVID comparison base. LVMH’s ADRs tumbled more than 8% following the release.

Oracle chairman Larry Ellison and Nvidia CEO Jensen Huang lost tens of billions on paper as shares of their AI-focused companies suffered as DeepSeek sent a chill through Silicon Valley.

The retailer reneged on a pledge to pay some bonuses, which current and former employees say hurt the jeweler’s reputation.