Key PointsKering’s share price nears year-to-date high as new CEO Luca de Meo names Francesca Bellettini to lead Gucci revival.Interest in short positions on luxury group’s stock has fallen since the summer, suggesting some hedge funds are easing their negative stance.The group’s fortunes under the new regime will be keenly watched by investors following a sluggish second-quarter earnings report.Short sellers are offloading their negative bets against Kering S.A., as the troubled luxury giant looks to mount a fightback under new CEO Luca de Meo following years of upheaval. Short sellers look to benefit from a company’s falling share price by…
Author: usaeverydaylife
A slew of new IPOs across Europe are sparking hopes of a broader wave of public debuts in the region, despite continued private market appetite among investors.A number of firms — ranging from fintech to defense, and software to energy — have either recently floated or are rumored to be eyeing an IPO in Europe.Last week, Aumovio, the auto-parts supplier spun out from Continental, listed on the Frankfurt Stock Exchange, for example, and Swiss Marketplace Group floated its shares on the Swiss Stock Exchange.”The September IPO activity is the quarter’s standout story, with issuers and private equity viewing the product…
In this photo illustration, the Luxshare Precision company logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty ImagesShenzhen-listed Luxshare saw its shares jump about 10% on Monday, following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device. The company, which is also a supplier for Apple, is already developing a prototype of the device using ChatGPT large language models, The Information reported Friday, citing people familiar with the matter.One source said that one of the products OpenAI has talked to suppliers about making would resemble a…
Rachael De Foe, 31, works as a fractional head of communications.Courtesy of Rachael De Foe.In late 2019, Rachael De Foe was burnt out, so she took a leap of faith that many dream of but never do: she quit her nine-to-five job without anything lined up.The Singapore-native had spent the past few years working in public relations at various companies, from large agencies to smaller boutique firms.”Every single business was chasing what I now like to call the ‘agency monster’ … You have too many clients, so you need [a bigger] team. You have too many team [members], so you…
Federal Reserve Chairman Jerome Powell talks with reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The U.S. personal consumption expenditures price index for August comes out Friday. The Federal Reserve will hope the report shows headline inflation is either in line or below economists’ forecast of 2.8% for the year. Any higher, and investors might start worrying that the Fed’s quarter-point cut last week was premature and could allow inflation to sink its claws into the economy again.Indeed, the yields on the 10-year and…
BEIJING, CHINA – OCTOBER 12: The People’s Bank of China (PBOC) building is pictured on October 12, 2020 in Beijing, China. Vcg | Visual China Group | Getty ImagesChina kept its benchmark lending rates unchanged for the fourth month in a row on Monday despite the U.S. Federal Reserve’s interest rate cut last week.The People’s Bank of China kept the one-year loan prime rate (LPR) unchanged at 3.0% while the five-year LPR at 3.5%, respectively, according to a statement Monday. The one-year LPR influences most new and outstanding loans, while the five-year rate influences the pricing of mortgages.The Monday decision…
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and 28. (Photo by Tomohiro Ohsumi/Getty Images)Tomohiro Ohsumi | Getty Images News | Getty ImagesAsia-Pacific markets traded higher Monday, tracking Wall Street’s gains on Friday stateside, as investors awaited China’s key lending rate decision that’s due out today.China is expected to leave the loan prime rates…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 15, 2025.Brendan McDermid | ReutersU.S. stock futures were little changed Sunday night following a strong week for the major averages, in which the Dow Jones Industrial Average and S&P 500 closed at fresh all-time highs.Dow futures fell by 51 points, or 0.11%. S&P 500 futures and Nasdaq 100 futures dipped 0.13% and 0.15%, respectively.The stock market posted a solid weekly advance. The S&P 500 and Dow rose 1.2% and 1%, respectively, for the week. The tech-heavy Nasdaq jumped 2.2%. The small-cap Russell…
South Korean President Lee Jae Myung speaks during a South Korea-U.S. business roundtable at The Willard Hotel in Washington, D.C., U.S., August 25, 2025. Annabelle Gordon | ReutersSouth Korea’s economy could fall into crises rivaling its 1997 meltdown if the government accepts current U.S. demands in stalled trade talks without safeguards, President Lee Jae Myung told Reuters.Seoul and Washington verbally agreed to a trade deal in July in which the U.S. would lower President Donald Trump’s tariffs on South Korean goods in exchange for $350 billion in investment from South Korea, among other measures.They have yet to put the agreement…
Tylenol is displayed for sale at a pharmacy in New York City, New York, U.S., September 5, 2025. Kylie Cooper | ReutersThe Trump administration plans to announce Monday that pregnant women’s use of Tylenol is potentially linked to autism, according to The Washington Post.Federal health officials are expected to warn women against using Tylenol early on in pregnancy unless they have a fever, the Post reported on Sunday, citing four people familiar with the matter. Officials will also highlight a form of folate, known as leucovorin, as a potential autism treatment, according to the report.The Department of Health and Human…
