Month: November 2024

Burberry’s new CEO, Joshua Schulman, faces a tough challenge in reversing the fortunes of the British luxury brand, which has seen a significant decline in sales and a 40% drop in its share price this year, fueling speculation about a potential takeover. While the broader luxury sector has struggled amid…

UBS analysts view OPEC+’s decision to extend production cuts through December as a modest but favorable move for short-term oil prices. The extension keeps the reduction at 2.2 million barrels per day (Mb/d), part of an agreement established last year. UBS highlighted that while this decision aligns with their forecasts,…

The U.S. Supreme Court is preparing to review requests from two tech giants—Meta’s Facebook (NASDAQ:META) and Nvidia (NASDAQ:NVDA)—to dismiss federal securities fraud lawsuits in separate cases that could complicate private litigants’ ability to hold companies accountable. Following a trio of Supreme Court rulings in June that weakened federal regulators, including…

Financial markets kicked off the week with caution, particularly in the currency arena, as attention turned to the upcoming U.S. presidential election, which is expected to be tightly contested. This week also promises to be significant for investors, with major central banks including the Federal Reserve, Bank of England, Reserve…

Blackstone (NYSE:BX) plans to expand its private wealth business into at least two new European markets next year to capitalize on increasing demand among affluent individuals, according to two company executives who spoke to Reuters. The New York-based firm has prioritized attracting investments from wealthy individuals amid volatile market conditions…

Gold prices increased during Asian trading on Monday, remaining close to record highs as expectations of a contentious presidential election and an upcoming Federal Reserve meeting drove strong demand for safe-haven assets. The rise in gold was further supported by a weakened dollar, following last week’s unexpectedly low nonfarm payrolls…

New Delhi, Nov 4 (IANS) According to a recent report, India’s consumer spending on goods is projected to reach $1.29 trillion in 2024, with an anticipated growth rate of 7.0 percent over the next five years. The country’s progress in the electronics sector has primarily utilized an assembly-to-component approach, leveraging…