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LVMH Stock Drops
LVMH Stock Drops as Results Raise Questions on Luxury Turnaround
KEY TAKEAWAYS Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signaled a turnaround for the sector.Sales last year marked a 1% organic gain over the previous year and a 2% drop reported.
LVMH sales growth raises hope for end to luxury downturn
LVMH defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and resilience in Europe, raising optimism that the worst of the downturn in the luxury goods market has passed.
Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt over a broader sector recovery.
21h
on MSN
Buy This Dividend Stock While It's Still a Bargain
AT&T has been focused on reducing its debt over the past few years. A big chunk of that debt is the legacy of the company's ...
1d
on MSN
Walmart managers get pay raise, can now earn up to $620,000
Store managers will also be getting a raise. The current average salary for store managers of $117,000 will be raised to $128 ...
2d
on MSN
Chip Stocks Tumble After China’s DeepSeek AI Models Raise Doubts Over U.S. Tech Dominance
Global chip stocks slumped Monday on DeepSeek revealing it had developed AI models that nearly matched American rivals ...
15h
on MSN
Why Nextracker Stock Surged Over 25% Today
That led to the stock surging as much as 26.2% and pushed analysts to raise price targets on the shares. As of 11:20 a.m. ET, Nextracker stock remained higher by 21.9%.
1d
Don't Bet The Farm On MicroStrategy Stock
MicroStrategy’s unique Bitcoin strategy offers massive long-term potential but comes with extreme volatility, making it ...
6d
on MSN
Some Walmart Managers Get a Raise, Lifting Their Max Pay Above $600,000
The retailer is increasing bonus and stock awards for regional store managers and cutting some perks for office workers.
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