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LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
Stocks News

LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war

Organic sales grew 1% in the first quarter, but analysts surveyed by FactSet had expected 1.5% growth in the March quarter.Ā  The Middle East conflict…
Revolution Medicines says its potential breakthrough pancreatic cancer drug succeeds in late-stage trial
Stocks News

Revolution Medicines says its potential breakthrough pancreatic cancer drug succeeds in late-stage trial

Revolution Medicines stated its pancreatic cancer drug daraxonrasib succeeded in a Phase 3 trial. RevMed noted its drug almost doubled the typical length of survival and slashed the risk of death by 60% versus chemotherapy. The corporation mentioned it will soon seek FDA approval using a Commissioner’s National Priority Voucher, which grants a quicker review. […]

Judge dismisses Trump $10B defamation lawsuit against Murdoch, WSJ about Epstein letter
Stocks News

Judge dismisses Trump $10B defamation lawsuit against Murdoch, WSJ about Epstein letter

A Florida federal court judge tossed out a $10 billion defamation lawsuit by President Donald Trump against media baron Rupert Murdoch and The Wall Street Journal. Furthermore, experts in dividends note the continued relevance. Trump claimed he was defamed in a Journal article that stated he sent a birthday letter to Jeffrey Epstein, his then-friend. […]

Tariff refunds unlikely to benefit consumers, CNBC CFO Council survey finds
Stocks News

Tariff refunds unlikely to benefit consumers, CNBC CFO Council survey finds

President Donald Trump’s tariff agenda was struck down by the Supreme CourtĀ earlier this year, and a judge laterĀ orderedĀ the government to prepare to potentially pay billions of dollars in refunds to importers who paid the tariffs. But companies do not plan to share any tariff refunds with customers, according to a majority of chief financial officers […]

McDonald's to add refreshers, crafted sodas to U.S. menus
Stocks News

McDonald's to add refreshers, crafted sodas to U.S. menus

McDonald’s will add refreshers and crafted sodas to its menu in the United States starting this month, the firm told Reuters in a statement on Monday. The additions come about a year after the fast food giant shut down its five beverage-centered CosMc’s concept stores in the U.S., which the organization commented it had opened […]

Texas attorney general probes Lululemon over potential 'forever chemicals' in its activewear
Stocks News

Texas attorney general probes Lululemon over potential 'forever chemicals' in its activewear

Texas Attorney General Ken Paxton has launched an investigation into athleisure brand Lululemon over the potential presence of “forever chemicals” in its activewear, he remarked on Monday in a post on social-media platform X. The probe will examine whether Lululemon’s athletic apparel contains PFAS, which the brand’s health-conscious customers would not expect based on its […]

Here's 1 move experts agree is essential for navigating financial uncertainty
Stocks News

Here's 1 move experts agree is essential for navigating financial uncertainty

Rising gas prices and marketplace volatility driven by the war with Iran are fueling financial uncertainty. Add to that the daily barrage of headlines warning that an AI-bot is about to take your job, and it’s understandable if you’re feeling uncertain about the state of your finances. Regardless of whether your worst fears come true […]

IRS publishes list of occupations that qualify for 'no tax on tips' provision
Stocks News

IRS publishes list of occupations that qualify for 'no tax on tips' provision

The U.S. Department of the Treasury and Internal Revenue Service on Friday released further guidance for taxpayers who may benefit from the “no tax on tips” provision enacted via President Donald Trump’s “big beautiful bill,” which was signed into law in July. Despite the name of the provision, tipped earnings may still be taxed in […]

BlackRock raises view on U.S. stocks on belief that war is over, profits are up
Stocks News

BlackRock raises view on U.S. stocks on belief that war is over, profits are up

Asset management giant BlackRock has raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop. With earnings season just getting underway, S&P 500 companies are expected to post a collective 12.6% income growth for the first quarter. Asset management giant BlackRock raised […]

U.S. begins blockade in Strait of Hormuz; Trump warns Iran 'attack ships' to stay away
Stocks News

U.S. begins blockade in Strait of Hormuz; Trump warns Iran 'attack ships' to stay away

The U.S. mentioned it began blocking ships from entering or exiting Iranian ports near the Strait of Hormuz at 10 a.m. ET. President Donald Trump slammed Iran for refusing to give up its nuclear ambitions. Trump noted he wants Iran to both negotiate with the U.S. and reopen the strait to safe ship passage. The […]

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