LVMH Revenue Falls 6% in First Quarter as Middle East Conflict Weighs on Luxury Sales
French luxury conglomerate LVMH reported weaker-than-expected quarterly revenue of $22.42 billion as geopolitical tensions disrupted recovery hopes.
French luxury conglomerate LVMH reported weaker-than-expected quarterly revenue of $22.42 billion as geopolitical tensions disrupted recovery hopes.

Global energy markets face strain as geopolitical tensions affect oil supplies, leading airlines and shipping companies to adjust operations amid rising fuel costs.

Banking institutions report significant exposure to private credit markets as concerns mount over the rapidly growing sector.

Volkswagen reported a 4% decline in first-quarter vehicle deliveries, driven by weak demand in China and the United States.
Yancoal Australia acquires Kestrel coal mine stake for up to $2.4 billion, while separately Australia's richest person faces court order on iron ore mining fortunes.

New federal restrictions on graduate school lending will force many students to seek private loans or potentially be excluded from programs.
Convenience chain 7-Eleven plans to close 645 locations in North America during fiscal year 2026, outpacing 205 planned openings.
Goldman Sachs equity traders exceeded Wall Street records by $1 billion while bond trading performance lagged expectations during the quarter.
A new White House report identifies a 10 million home shortage in the US while existing home sales hit nine-month lows amid rising mortgage rates.

Treasury Secretary Scott Bessent confirmed a proposed executive order requiring banks to collect citizenship information is being developed.
Wealthy Middle Eastern residents are purchasing European properties while UK Chancellor Reeves courts Gulf expatriates to relocate to Britain.

Research shows government housing program disproportionately aided those with high incomes rather than lower earners.
Chinese company Victory Giant is pursuing a $2.2 billion initial public offering in Hong Kong despite challenging market conditions.

IBM agreed to pay $17 million to settle a government diversity probe while financial regulators increase scrutiny of private credit markets.
Several major investment firms made strategic announcements including fund closures, new fundraising, and business restructuring.
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