LVMH Moet Hennessy Louis Vuitton, the renowned French luxury conglomerate, is scheduled to release its 2023 financial results on Thursday. Here's what you need to know: Sales Forecast According to a poll of analysts' estimates compiled by FactSet, LVMH is expected to report sales of €85.83 billion ($93.16 billion) for the entire year. This reflects an increase from the €79.18 … [Read more...] about LVMH Moet Hennessy Louis Vuitton Set to Report 2023 Results
Alibaba Shares Surge as Jack Ma and Joe Tsai Buy More Stock
Shares in Alibaba have experienced a surge in value following reports that the company's co-founder and former CEO, Jack Ma, has been buying up shares. While this could be seen as an endorsement of Alibaba's growth potential, there is a possibility that Ma could be falling into a value trap that has caught other investors in recent years. According to a report from the New York … [Read more...] about Alibaba Shares Surge as Jack Ma and Joe Tsai Buy More Stock
Chipotle Announces Expansion and New Benefits
Chipotle Mexican Grill Inc. (CMG, -0.14%) has revealed plans to hire an additional 19,000 employees in preparation for its upcoming "burrito season." This hiring spree represents a significant increase of 27% compared to the 15,000 employees hired last year. With the busiest period running from March to May, the fast-casual restaurant is determined to meet the high demand. To … [Read more...] about Chipotle Announces Expansion and New Benefits
Producers of Metals Face Setback as Rising Treasury Yields Overshadow Strong Earnings
Shares of metals producers and other raw material companies declined due to concerns over the potential impact of increasing Treasury yields, despite positive earnings reports. Freeport McMoRan: Driving Demand for Copper through Electrification and Sustainable Energy Trends Freeport McMoRan experienced a rise in share prices following an increase in copper sales volumes. This … [Read more...] about Producers of Metals Face Setback as Rising Treasury Yields Overshadow Strong Earnings
Oil Futures Rise as U.S. Crude Inventories and Production Drop
Price Moves West Texas Intermediate (WTI) crude for March delivery rose 90 cents to $75.99 a barrel. March Brent crude, the global benchmark, was up 80 cents at $80.43 a barrel on ICE Futures Europe. Market Drivers Oil futures saw an upswing in response to significant drops in U.S. crude inventories and production. The Energy Information Administration reported a … [Read more...] about Oil Futures Rise as U.S. Crude Inventories and Production Drop
