A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont.Bloomberg | Getty ImagesCartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty.Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange...
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Movie theater stocks soar after record-breaking Memorial Day box office
Still from Disney's newest live-action remake "Lilo & Stitch."DisneyShares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office.AMC saw its stock jump more than 23%, while shares of Marcus Theatres' parent company Marcus Corporation climbed 10% and Cinemark stock leaped nearly...
Stablecoin issuer Circle kicks off its IPO, targeting a nearly $6 billion valuation
Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.Nurphoto | Getty ImagesCircle, the issuer of the popular USDC stablecoin, has begun its long-awaited initial public offering process, looking to raise about $624 million at a...
JPMorgan Chase is heading upmarket to woo America’s millionaires
A living space in the new J.P. Morgan financial center branch format in Palm Beach.Courtesy: JP MorganJPMorgan Chase thinks it has cracked the code on managing more money for America's millionaires.It's not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it's a refurbished take...
Consumer confidence for May was much stronger than expected on optimism for trade deals
Consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China, according to a survey Tuesday.The Conference Board's Consumer Confidence Index leaped to 98.0, a 12.3-point increase from April and much better than the Dow Jones consensus estimate for 86.0.Much of the positive...