The 19-story façade of the Louis Vuitton luxury store stands wrapped in a design reminiscent of their monogrammed trunks in Manhattan, New York City. Spencer Platt | Getty Images News | Getty ImagesHigh-end spenders are painting a mixed picture when it comes to the luxury market’s long-awaited recovery, with softer sales still weighing on company forecasts. But better-than-feared results from bellwether fashion house LVMH moved luxury stocks higher Friday, as investors bet on the emergence of green shoots of recovery.LVMH posted a 4% year-on-year drop in second quarter sales to 19.5 billion euros after the market close Thursday, slightly below…
Author: usaeverydaylife
Living in The Golden State is not cheap.It’s “impossibly unaffordable” to buy a home in four major California metropolitan areas — San Jose, Los Angeles, San Francisco, and San Diego — according to a May study by the Chapman University Center for Demographics and Policy. The study compared the median home price to median incomes of 95 housing markets in the third quarter of 2024.The Honolulu area, where the median home price is 10 times the median income, also made the top 10 list of unaffordable housing markets.Of the markets analyzed, 12 were classified as “impossibly unaffordable,” and not a…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are closing out the week in record territory thanks to five straight positive sessions for the S & P 500 . There are no major headlines driving the market other than President Donald Trump teasing more trade deals ahead of the Aug. 1 deadline for higher tariffs kicking in and perhaps some relief around the “more cordial than expected” tour of the Federal Reserve construction project with Jerome Powell on…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin slips to end the week and also experiences its first back-to-back weekly loss since early June. And, Markus Thielen, the CEO of 10x Research, breaks down what factors are weighing on bitcoin’s price.10:12Fri, Jul 25 20253:00 PM EDT Source link
The ‘Fast Money’ traders talk market reaction to upcoming Fed meeting and impending tariff deadline. Source link
Next week could be a game changer for Wall Street, CNBC’s Jim Cramer said. He told investors to pay attention to a slew of market-moving events, including the Federal Reserve’s meeting, the latest nonfarm payroll report and earnings tech titans Apple, Amazon, Meta and Microsoft.”Next week, no hyperbole, is pivotal. It’s significant. I’m willing to make it a free-fire zone of superlatives,” he said. “In short, next week determines the market’s direction for the duration. Or at least the rest of the summer.”On Monday, Cramer said he’ll be paying attention to earnings from Celestica and Whirlpool. Cramer said electronics manufacturer…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailLightshed’s Walter Piecyk joins ‘Fast Money’ to talk what led to Charter’s worst trading day on record and where the stock and telecom space go from here. Source link
A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. Tim Goessman | Bloomberg | Getty ImagesIn an earnings call this week, Tesla CEO Elon Musk teased an expansion of his company’s fledgling robotaxi service to the San Francisco Bay Area and other U.S. markets.But California regulators are making clear that Tesla is not authorized to carry passengers on public roads in autonomous vehicles and would require a human driver in control at all times.”Tesla is not allowed to test or transport the public (paid or unpaid) in an…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast Money’Fast Money’ trader Carter Worth breaks down the technical indicators he is watching in the Utility sector after hitting 52-week highs.01:422 hours ago Source link
A Southwest Airlines Boeing 737 airplane taxis onto the runway for a departure from San Diego International Airport on May 10, 2025 in San Diego, California. Kevin Carter | Getty ImagesTwo flight attendants on a Southwest Airlines flight departing from Burbank, California, were injured and being treated on Friday after pilots took evasive action to avoid another aircraft, the airline said.Southwest Flight 1496 sharply descended nearly 500 feet, according to flight tracking websites.The airline and the Federal Aviation Administration said pilots took action after receiving alerts of a potential collision. The Southwest Boeing 737 continued on to Las Vegas, where it landed uneventfully.The FAA is investigating.No passengers were…
