Gucci owner Kering issues profit warning after China sales slump Kering shares fell 13.3% on on Wednesday after the profit warning. Gucci accounts for about half of its parent firm’s revenues and two-thirds of its operating profit. The Italian fashion house ... 03/20/2024 - 3:30 pm | View Link
Luxury stocks slump as Gucci sales slide Luxury stocks tumbled in Europe Wednesday after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Kering plunged as ... 03/20/2024 - 12:37 am | View Link
Gucci owner Kering’s shares tumble 12% on profit warning Shares in French luxury conglomerate Kering dropped 11.9 per cent after falling sales in Asia for its Gucci brand triggered a rare profit warning ... which trade in Hong Kong, fell as much ... 03/19/2024 - 1:00 pm | View Link
Kering’s Gucci Warning Wipes $6.8 Billion Off Market Value The warning will likely prompt renewed speculation over how Kering might lessen its reliance on a brand known for flamboyant designs that are out of step with the current trend toward understatement. 03/19/2024 - 1:00 pm | View Link
Mark Zuckerberg announced the launch of Meta's latest generation of its Llama model on Thursday. STR/JIJI Press/AFP via Getty ImagesMeta launched the latest iteration of its chatbot, Llama 3, on Thursday. Mark Zuckerberg said the chatbot is "state-of-the-art" and has improved reasoning. However, no model, including Meta's, poses "existential risks," he told The Verge.
Iranians are waving Iranian flags and a Palestinian flag while one of them is holding a portrait of Qassem Soleimani, the former commander of the Islamic Revolutionary Guard Corps' (IRGC) Quds Force, in celebration of Iran's IRGC UAV and missile attack against Israel, in downtown Tehran, Iran, on April 14, 2024.
Liz Humphreys and her family are going through reverse culture shock after returning to New York from Berlin. JF GrossenLiz Humphreys moved to Europe with her husband and raised her son in Berlin until he was 6. After moving back to New York, she was surprised by all of the rules surrounding kids.
Tesla CEO Elon Musk weighed in on the severance offered to laid-off staff earlier in the week. Antonio Masiello/Getty ImagesTesla sent notices canceling some separation agreements, according to two laid-off employees and a notification seen by Business Insider. Elon Musk previously stated some severance packages were "incorrectly low."The cancellations came after some workers received severance offers for two months of pay.
In this courtroom sketch, former President Donald Trump smiles to the jury pool as he is introduced to them at the beginning of his New York criminal trial on April 15, 2024. Jane Rosenberg/Pool Photo via APSeven men and five women have been selected as jurors for Donald Trump's criminal trial.
Prime Video, Showtime, Universal, ABC Photo Archives Disney General Entertainment Content/Getty, Pascal Le Segretain/Getty,From Jeffrey Beaumont in "Blue Velvet" to Agent Dale Cooper in "Twin Peaks," Kyle MacLachlan spent his early career playing boyish heroes who are drawn into worlds that are much darker and stranger than they appear. The contours of that darkness weren't always appreciated at the time.