After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs.In its earnings call this week, LVMH reported that sales for its watches and jewelry group increased 3%,...
Day: February 7, 2025
NCAA bars transgender women from competing in women’s sports
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena.Charles LeClaire-USA TODAY SportsThe National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from competing in women's sports, one day after President Donald Trump signed an executive order...
Trump signs order establishing a sovereign wealth fund that he says could buy TikTok
US President Donald Trump speaks to reporters in the Oval Office of the White House on Feb. 3, 2025, in Washington, DC. Jim Watson | AFP | Getty ImagesPresident Donald Trump on Monday signed an executive order that outlines plans for a government-run sovereign wealth fund to serve as an economic...
How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks
Big Tech's historic gains could be affecting your portfolio's makeup โ especially if your goal is diversification.Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla."Those Mag Seven stocks...