A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont.Bloomberg | Getty ImagesCartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty.Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange rates to 5.17 billion euros ($5.79 billion) in the three months to the end of March, above the 4.98 billion euros forecast by analysts in an LSEG poll.The fourth-quarter sales bump was led by double-digit growth at the group’s Jewellery Maisons division, which includes Cartier, Van Cleef & Arpels and…
Author: usaeverydaylife
Jaap Arriens | Nurphoto | Getty ImagesPlagued with allegations and lawsuits of harming users’ mental health, especially that of children, social media sensation TikTok has decided to turn to meditation — or, rather, guide its users to the calming effects of deep breathing.TikTok said Thursday that it was launching in-app guided meditation exercises and other well-being features aimed at young users.The company, owned by Chinese tech giant ByteDance, said it began testing the new meditation exercises with select teens earlier this year and will now make them available to users of all ages.TikTok said that the meditation feature, aimed at…
Ever since the epic run on housing in the first years of the pandemic, fueled by record-low mortgage rates, the market has been plagued by low supply and high prices.Prices in March were 39% higher nationally than they were in March 2019, pre-pandemic, according to the S&P CoreLogic Case-Shiller Index. While prices continue to gain, the supply crunch is finally starting to ease — but not at the right price points.Demand for housing is strong overall, but strongest on the lower, more-affordable end of the market. That segment is still desperately undersupplied. As a result, home sales in the lower…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFraud can start in the travel pre-planning stage, says Mastercard’s David Mann, as he outlines details from the Mastercard Economic Institute’s latest report on travel trends. Source link
A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025. Kazuhiro Nogi | Afp | Getty ImagesJapan saw record foreign inflows into its equities and long-term bonds in April as investors fled U.S. markets following President Donald Trump’s trade salvo against friends and foes alike.Overseas investors bought 8.21 trillion yen ($56.6 billion) worth of equities and long-term bonds in April, according to government data. The net inflows were the largest for a calendar month since Japan’s finance ministry started collecting data in 1996, according to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Coinbase shares fall after the firm reported that hackers bribed overseas support agents to steal customer data to use in social engineering attacks. Plus, speaking from Consensus 2025, Eric Trump, co-founder of the bitcoin mining firm American Bitcoin, discusses the company’s plan to go public on the Nasdaq. And, Ryan Rugg, head of digital assets for Citibank’s Treasury and Trade Solutions (TTS) business, discusses the bank’s crypto plans from Consensus.15:25Thu, May 15 20253:25 PM EDT Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDavid Mann discusses the latest travel trends report from the Mastercard Economic Institute, which finds an increasing number of Asian countries becoming preferred destinations for the summer. Source link
Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk’s xAI on Thursday evening made its first public comment about the latest controversy surrounding Grok, writing in a post on X that an “unauthorized modification” caused the chatbot to generate variations of a “specific response on a political topic.”That controversial topic was “white genocide” in South Africa, and Grok was providing unprompted responses on the issue with such frequency that it led to an uproar among its user base.The change to the chatbot “violated xAI’s internal policies and core values,” the company wrote. “We have conducted a thorough investigation and are…
People walk at the Shein office building in China on April 16, 2025.Tingshu Wang | ReutersFast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions.Shein, which was founded in China and sells products including $5 bike shorts and $18 sundresses, has agreed to lease nearly 15 hectares of industrial land for a warehouse near Ho Chi Minh City, Vietnam’s commercial and trading hub, the two sources said, declining to be identified because the information was not public.The online retailer, which almost entirely relies on China-based suppliers to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email’Fast Money’ traders discuss whether they would trade UnitedHealth as the healthcare giant’s stock plunges on reports of a DOJ probe into possible Medicare fraud.05:58Thu, May 15 20255:27 PM EDT Source link
