Luxury Brands Don't Just Sell to the Superrich
European luxury stocks slipped this week because spending by aspirational shoppers is weakening in the U.S.
Source: wsj.com
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Nvidia's Worried About Tech Cold War With China. Why Markets Should Be, Too.
Apple strikes a 5G component deal with Broadcom, luxury brand stocks are under pressure, and other news to start your day.
Source: barrons.com
Tapestry Stock Gains on Higher Profit Forecast. Coach Bags Are in Demand.
The company, which also owns the Kate Spade and Stuart Weitzman brands, reported a 7% gain in sales of Coach products from a year ago.
Source: barrons.com
Ferrari's Impressive Earnings Drive Stock Higher. Luxury Is Proving Resilient.
The high-end car company's numbers accelerated past Wall Street expectations.
Source: barrons.com
World's Richest Man Likes the View Atop Refurbished Tiffany
Bernard Arnault says under LVMH, profits have doubled at the American jeweler, which reopened its flagship store this week
Source: wsj.com