Luxury goods giant LVMH is the pride of France, but the government nevertheless understands the anger expressed by LVMH boss Bernard Arnault regarding French taxes, said a government spokeswoman on Wednesday.
Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.
French stocks are down in negative territory Wednesday morning, weighed down by losses in the luxury sector as industry major LVMH's
LVMH says 2025 is off to a good start as it reports an increase in sales in its most recent quarter. US President Donald Trump is offering buyout packages to almost all federal workers who do not
At 06:55 ET (11:55 GMT), the DAX index in Germany gained 0.8%, the FTSE 100 in the UK rose 0.4%, while the CAC 40 in France slipped 0.2%.
European stocks climbed to a record high, propelled by Dutch chip equipment maker ASML's impressive quarterly results, which lifted the technology sector. While ASML's success reassured AI investors,
The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.
Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an