Stock Market Today: Dow, S&P Live Updates for December 20 – Bloomberg
Stock Market Today: Dow, S&P Live Updates for December 20 Bloomberg Source link
Wealth
Hermès’ $151 Billion Family Fortune Is Europe’s Biggest
On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in … Read more
The Consumer Matters Most for the Global Economy in 2024 – Bloomberg
The Consumer Matters Most for the Global Economy in 2024 Bloomberg Source link
The UK Economy Continues to Beat Expectations – Bloomberg
The UK Economy Continues to Beat Expectations Bloomberg Source link
US Economy Is Just Right, But Slowdown Fears Are Looming
The long-anticipated US recession may still be lurking out there, somewhere. But for now, the economy is barreling toward 2024 in better shape than even optimists had expected only six months ago. Growth in the third quarter blew past expectations, jobs remain plentiful, consumers are still spending, and house prices have held firm. Signals from … Read more
A more human business: How prioritizing people over profits can get more of both | Business
I have not watched “RENO 911.” However, I’ve seen a few clips from the show, and a particularly funny one comes to mind. Two officers are standing in the doorway of a wedding banquet and eventually a man walks up to them — the father of the bride, presumably: “Just do it quietly, not in … Read more
Tesla boss Elon Musk says AI will create situation where no job is needed
Speaking in conversation with U.K. Prime Minister Rishi Sunak, tech billionaire Elon Musk said that AI will has the potential to become the “most disruptive force in history.” Musk has on multiple occasions warned of the threats AI poses to humanity, most recently urging for a pause to development of AI more advanced than OpenAI’s … Read more
The best places — and best times — to take a safari
Kenyan travel writer Harriet Akinyi breaks down the top 10 African countries for game drives. Source: Harriet Akinyi In some African cultures, the combination of rain and sunshine means that a leopard and a lioness have given birth to a cub. I was hoping that this was the case as we traversed Kenya’s Maasai … Read more
China Stocks Rally as Xi Jinping, Beijing Step Up Economic Support
Chinese stocks pared gains as traders question whether Beijing’s latest stimulus measures will have the firepower to rescue the ailing economy. The CSI 300 Index gained 0.5% as of 1:39 p.m. local time, more than halving its earlier advance. The Hang Seng China Enterprises Index was up 1.1% after gaining more than 3%. The gauge … Read more
Personal Finance: The Tyranny of ESG Investing Has Run Its Course
In 2021, almost two-thirds of respondents said they considered environmental, social and governance (ESG) factors when investing. In 2022, that number was 60%, and this year it’s 53%, according to the annual ESG Attitudes Survey from the Association of Investment Companies. Asked why they were over ESG, the top reason given was that performance was … Read more