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...
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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...
China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods
Dilara Irem Sancar | Anadolu | Getty ImagesChina last week announced it was done retaliating against U.S. President Donald Trump's tariffs, saying any further increases by the U.S. would be a "joke," and Beijing would "ignore" them.Instead of continuing to focus on tariffing goods, however, China has chosen to resort...
More than 60% of CEOs expect a recession in the next 6 months as tariff turmoil grows, survey says
The Goldman Sachs headquarters in New York.Bloomberg | Bloomberg | Getty ImagesA growing majority of America's top executives now expects the U.S. economy to enter a recession in the near future, according to a survey released Monday.Of the more than 300 CEOs polled in April, 62% said they forecasted a...
Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour
"Fast Money" trader Tim Seymour wants to help investors avoid common money traps that could leave them exposed to losses, particularly in a volatile market.He is out with a shortlist of four tips to deliver some peace of mind when things are going south.Tip No. 1: Don't have more money...