Wealth

Luxury firms face tariff hit as recession fears mount

A customer carries merchandise from a Hermes store on Feb. 14, 2025.Scott Olson | Getty ImagesEurope's beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector's long-awaited recovery.Shares of European luxury...

News

Netflix posts major earnings beat as revenue grows 13% in first quarter

Netflix co-CEO Ted Sarandos attends Netflix's FYSEE event for "Squid Game" at Raleigh Studios Hollywood in Los Angeles, June 12, 2022.Charley Gallay | Getty Images Entertainment | Getty ImagesNetflix posted a major earnings beat Thursday, as revenue grew 13% during the first quarter of 2025.The streamer attributed its better-than-expected revenue...