CNBC Daily Open: Vaguely reassuring Fedspeak

CNBC Daily Open: Vaguely reassuring Fedspeak

A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 18, 2024.  Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, … Read more

Luxury stocks slip as fears grow of a prolonged downturn

Luxury stocks slip as fears grow of a prolonged downturn

An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024.  Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, … Read more

How ‘quiet luxury’ is subtly taking over investor portfolios

How ‘quiet luxury’ is subtly taking over investor portfolios

VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more

Things you might not have known about Asia’s markets, according to HSBC

Things you might not have known about Asia’s markets, according to HSBC

Electronic screens display gongs at the Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 15, 2022. Paul Yeung | Bloomberg | Getty Images Asia’s markets are expected to continue powering ahead this year, despite a rocky 2023. Most investors may already know which were the the … Read more