suffer
The ultra-rich owners of the world’s leading luxury brands took a hit to their fortunes on Tuesday.Declines in LVMH and Kering shares cut the value of Bernard Arnault and François Pinault’s stakes.Luxury stocks slumped after China’s economic planners failed to detail their stimulus measures. The billionaires behind some of the…
By Summer Zhen HONG KONG (Reuters) – Chinese computer-driven “quant” hedge funds suffered heavy losses in the first half of the year, underperforming traditional stocks strategies at home and other popular global fund strategies, data shows. That dismal performance is leading to a reshuffle in the $200 billion industry, prompting…
Democrats could suffer a “landslide defeat,” sweeping them out of office everywhere, a former Obama advisor told The Atlantic.David Axelrod, a key strategist behind former President Barack Obama’s victories in the 2008 and 2012 elections, discussed the worst-case scenario in which Democrats would struggle to retain Virginia, New Hampshire, and…
Usually, when “chicken hindquarters” is on the dinner menu at San Quentin, it’s good news.”It’s a very popular meal in prison,” Aaron Ramzy, who is incarcerated there, told Business Insider in a phone call from his cell unit Wednesday. “You get one piece of chicken, roasted on the bone.”But last…
By Pete Schroeder and Nupur Anand WASHINGTON (Reuters) -The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve’s annual “stress test” exercise showed on Wednesday, but firms faced steeper hypothetical losses this year due to riskier portfolios. The exercise found 31 big…
A wave of Ukrainian drone strikes left a dent in Russia’s oil industry — a rare success. But the US is urging Ukraine to stop them, according to The Financial Times. The US is worried the strikes could drive up oil prices, the report said. Ukraine recently found a Russian weak spot…
