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LVMH's Arnault dismisses reports of family rift

LVMH's Arnault dismisses reports of family rift

By Dominique Patton PARIS, July 27 (Reuters) - Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children, insisting in rare public comments about his family that it remains united.
Reuters Reuters
As fashion stumbles, jewellery will help shape luxury's winners

As fashion stumbles, jewellery will help shape luxury's winners

By Dominique Patton and Lisa Jucca PARIS, July 27 (Reuters) - As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly focused on one question: who sells enough jewels?
Reuters Reuters
Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress

Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress

By Howard Schneider and Saqib Iqbal Ahmed WASHINGTON, July 27 (Reuters) - The first 18 months of President Donald Trump's second term in the White House have seen a series of policy-driven economic shocks, highlighted by the immigration crackdown and higher tariffs that he promised during his 2024
AP News AP News
Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut

Shares are mostly higher in Europe and Asia and oil prices have plunged nearly 7% after the U.S. and Iran paused their attacks while work resumed on a possible resumption of negotiations to end the war
Reuters Reuters
Global stocks climb, oil slides after pause in Middle East fighting

Global stocks climb, oil slides after pause in Middle East fighting

By Wayne Cole and Sruthi Shankar July 27 (Reuters) - Global stock markets climbed on Monday as easing Middle East hostilities sent oil prices sharply lower and eased inflation worries ahead of a packed week of central bank meetings and earnings reports.
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Interparfums Reports Strong Q2 2026 Sales Growth in the U.S. Amid European Decline

Interparfums Reports Strong Q2 2026 Sales Growth in the U.S. Amid European Decline

Interparfums Reports Strong Q2 2026 Sales Growth in the U.S. Amid European Decline
Reuters Reuters
Nasdaq falls on angst over AI spending ahead of earnings reports

Nasdaq falls on angst over AI spending ahead of earnings reports

By Sinéad Carew and Ragini Mathur July 24 (Reuters) - The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on worries about massive AI spending plans ahead of the next batch of megacap earnings reports, but falling oil prices limited losses even as Middle East hostilities continued.
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Paris Fashion Week Spring/Summer 2027 Schedule Announced with Notable Returns and Debuts

Paris Fashion Week Spring/Summer 2027 Schedule Announced with Notable Returns and Debuts

Paris Fashion Week Spring/Summer 2027 Schedule Announced with Notable Returns and Debuts
Detroit Free Press Detroit Free Press
Move over oil. AI leader Alphabet's spending sends investors running

Move over oil. AI leader Alphabet's spending sends investors running

Second-quarter capital expenditures surged to $44.9 billion, twice last year's level, and Alphabet signaled another increase in 2027.
AP News AP News
Stocks edge higher while crude oil prices fall for the first time in a week

Stocks edge higher while crude oil prices fall for the first time in a week

Stocks are edging higher on Wall Street and oil prices are falling for the first time in a week, even as heavy fighting in the Middle East again threatened to slow the global flow of oil
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Wall Street inches higher as markets absorb war, tariffs, high energy costs and AI anxiety

Wall Street inches higher as markets absorb war, tariffs, high energy costs and AI anxiety

U.S. markets ticked higher in premarket trading and oil prices retreated for the first time in a week, even as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas
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Stocks waver on Wall Street while crude oil prices fall for the first time in a week

Stocks waver on Wall Street while crude oil prices fall for the first time in a week

Stocks are wavering on Wall Street and oil prices are falling for the first time in a week, even as heavy fighting in the Middle East again threatened to slow the global flow of oil