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LVMH shares jump 12% as earnings point to luxury sector resilience
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | ReutersLVMH shares jumped more than…
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Elon Musk says Chinese EV makers will ‘demolish’ other companies
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty ImagesElon Musk said Chinese electric automakers will find "significant"…
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India’s Zee Entertainment urges Sony to restore blockbuster merger
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises.Bloomberg | Bloomberg | Getty ImagesIndian entertainment conglomerate Zee Enrtertainment on Wednesday said it urged Sony to revive their blockbuster entertainment…
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Bitget unveils new Messi film as partnership with football star extends to second year
Bitget has announced the unveiling of a new Messi film as it celebrates the second year of its partnership with the…
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Top Citi strategist says healthier economic growth is coming
Jim Dyson | Getty Images News | Getty ImagesThe global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief…
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Former NBA All-Star Danny Ainge sees demand for international players
The Utah Jazz is casting its net wide for international players. "We have scouts all over the world — almost every basketball country throughout the world," Danny Ainge, the team's CEO and governor, told CNBC's "Halftime Report" on…
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Microsoft executive emails hacked by Russian intelligence group
Satya Nadella, CEO of Microsoft.CNBCMicrosoft said in a Friday regulatory filing that a Russian intelligence group accessed some of the software maker's top executives' email accounts. Nobelium, the same group that breached government…
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All approved bitcoin ETFs won’t survive, defends fees
Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022.Arturo Holmes | Getty Images Entertainment | Getty ImagesDAVOS, Switzerland — Grayscale Investments CEO Michael Sonnenshein told CNBC…
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Israel’s ban on Palestinian workers is hurting its economy: central bank
Amir Yaron, governor of the Bank of Israel, speaks during an interest rates news conference in Jerusalem, Israel, on Monday, Nov. 27, 2023.Kobi Wolf | Bloomberg | Getty ImagesThe immediate ban on nearly all Palestinian workers to enter…
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German public gloom more concerning than rise in inflation, Siemens Energy chair says
Joe Kaeser, chair of Siemens Energy, is more concerned by gloomy public sentiment in Germany than he is by the recent rise in inflation.The former chief executive of German conglomerate Siemens said base effects and the monthly and…
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