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It's a luggage maker best known for one product, a grooved aluminum suitcase with a rabid fan base. Despite this, the suitcase company (along with cashmere maker Loro Piana) continued their "excellent momentum," LVMH said. It's "another step in the fashion space," Bonnet-Masimbert said, and a hint of how the company hopes to progress in the coming years. For a company so synonymous with luggage, it was an "interesting challenge," the CEO said — one that took three years to develop. "We feel we are very legitimate in that space, and that opens a lot of future product offerings," Bonnet-Masimbert said.
Persons: , Louis Vuitton, Tiffany, Rimowa, Brittany Chang, Tumi, Vanessa Garoute, Tania Antonenkova, Martha Stewart, Piana, LVMH, Hugues Bonnet, Masimbert, Lewis Hamilton, Clive Mason, isn't, Bonnet Organizations: Service, Dior, Business, LVMH, tote Locations: Germany, China, Europe, Asia, North America
If you don't recognize the brand's name, you might know its iconic grooved aluminum luggage. LVMH acquired the now-126-year-old German company in 2016Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company's buyers are split evenly between male and female. Brittany Chang/Business InsiderRimowa gave rise to two of the largest hard-shelled luggage trends when it debuted its aluminum luggage in the 1920s and its polycarbonate options eighty years later. (Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company is constantly monitoring and improving its quality.) Brittany Chang/Business InsiderJust don't bring your luggage in for repairs when it inevitably gets scuffed up.
Persons: , John Baptist's, he's, Martha Stewart, Rodger Federer, Billie Eilish, Baptist, John Baptist It's, LVMH, Hugues Bonnet, Brittany Chang, Louis Vuitton, Tiffany, Bernard Arnault's, Rimowa, they've, Tania Antonenkova, Tania Antonenkova Tania Antonenkova, Birkin, she's, Antonenkova, Carter Smith, Smith, doesn't, Haines, Masimbert, Vanessa Garoute, Garoute, Vanessa Garoute Garoute, — she's, you'll, Jane Birkinifying Organizations: Service, Business, York City Locations: Los Angeles, China, Europe, Asia, North America, Germany, Miami, Vegas, France, Rimowa's, York
While it might look like there's a flurry of advertising hiring, industry insiders say the reality is more sobering. AdvertisementLegacy media companies have sharply cut staff in recent years, including sales, and those jobs aren't coming back. Disney has said it plans to automate half its ad sales. "The number of good job opportunities are few and far between because the large media companies are not hiring as quickly. "Ad sales is no longer ad sales," said Gary Stolkin, global CEO of The Talent Business, a global executive search firm specializing in the creative industries.
Persons: , they've, Jean, Paul Colaco, aren't, Dave Morgan, Lisa Valentino, David Lawenda, David Zaslav, David Ellison's, Christopher Vollmer, Simon Francis, Peter Naylor, Brian Lesser, Lesser, WPP's, Roku, Harry Kargman, Kargman, Krishan Bhatia, Gary Stolkin, Stolkin, who's Organizations: Service, Netflix, Business, Disney, Paramount, Warner Bros, NBA, Companies, MediaLink, TV, Media, Flock Associates, Progressive, Mobile, The Talent Locations: Teads, NBCUniversal
Read previewMyles Simms-Aur had a $70,000 salary, a nice car, and a stable routine living in Maryland. But he wanted to experience the world and felt financially restrained by the cost of living in the US. As of 2022, 132 US Navy veterans lived in Thailand, according to a Department of Defense report published in October 2023. He hopes to save and build wealth by living abroad before eventually returning to the US to further his career in cybersecurity. Given the low cost of living, he can afford to explore more of the world while still saving.
Persons: , Myles Simms, Aur, Simms, " Simms, Aur Simms Organizations: Service, Business, Navy, Department of Defense, US, US Navy, Facebook, University of Maryland Global, Thai Locations: Maryland, Mexico, Brazil, Portugal, Bangkok, Thailand, Philippines, Japan, Italy, Spain, United Kingdom, St Mary's County , Maryland, cybersecurity, Malaysia, Singapore, American
doxo's report found that Hawaii's average monthly cost for household bills is 45% above the national average. 1 most expensive U.S. state based on monthly costs: HawaiiHawaii is still the most expensive state based on the cost of monthly household bills. The doxo report found that the average monthly bill for a mortgage in Hawaii is $2,576, while the average rent is $1,983. 1 least expensive state based on monthly costs: West VirginiaFor the second year in a row, West Virginia ranked as the least expensive state based on monthly costs. Top 10 least expensive states based on monthly costs
Persons: doxo, Hawaii Matteo Colombo Organizations: Utilities Cable, Mobile, Auto, Household, Massachusetts, CNBC, University of Hawaii, Digitalvision, Hawaii, Hawaii California Massachusetts New Jersey Maryland Washington, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado New, West Virginia, State, Business Study, U.S . Bureau of Labor Statistics Locations: Hawaii Hawaii, Hawaii, States, Honolulu, Maui, Aloha, Hawaii California Massachusetts New Jersey Maryland, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado New Hampshire, Virginia, West Virginia, America's, Morgantown , West Virginia, West
Understanding Insurance Rate Increases After an AccidentWhy Rates IncreaseCar insurance rates may increase after an "at fault" accident because your risk profile goes up, meaning you're more likely to file a claim. Average Car Insurance Increase After an AccidentNational AverageInsurance.com reports that insurance rates can increase up to 53% or $920 per year on average after one at fault accident. Add Car Insurance Accident ForgivenessSome insurance companies offer accident forgiveness, usually as an add-on to your policy for an extra premium. Car Insurance Rate Increase FAQWill my insurance go up after an accident that wasn't my fault? She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.
Persons: Felipe Teixeira, you've, they'll, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: Accident, Auto, Insurance, Alaska, Alabama, Arizona, Colorado, Washington D.C, Iowa, Indiana, Maryland, Michigan, Nebraska, Tennessee, Texas, Washington, Lower, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Kansas, Kentucky, Louisiana, Maine, Minnesota, Missouri, Mississippi, Montana, Carolina, Dakota, Hampshire, Jersey, Mexico, Nevada, York, Ohio, Oregon, Utah, Virginia, Vermont, Wisconsin, Wyoming, U.S, Manoa
While mortgage rates are most closely linked to 10-year Treasury bonds, they tend to move in tandem with the Federal Reserve's benchmark interest rate. Consequently, a rate cut is likely to lower mortgage rates later this year. That's potentially good news for homebuyers, since interest rate cuts would likely make monthly mortgage payments a bit more affordable. Most major housing organizations expect mortgage rates to drop by the end of the year. Mortgage rate forecasts for the end of 2024 differ slightly.
Persons: Fannie Mae, Wells, Kevin McLoughlin Organizations: Federal, Traders, Mortgage, Association ., Federal Reserve Locations: Virginia
London CNN —Nuclear-armed countries are strengthening their arsenals and several have made ready new nuclear-armed or nuclear-capable weapons systems amid rising geopolitical tensions, a new report has found. “While the global total of nuclear warheads continues to fall as Cold War-era weapons are gradually dismantled, regrettably we continue to see year-on-year increases in the number of operational nuclear warheads,” the institute’s director Dan Smith said. “Accordingly, there is a growing concern that North Korea might intend to use these weapons very early in a conflict.”Protesters against nuclear weapons outside the US mission to the UN. Moscow has continued to make threats involving the use of nuclear weapons in light of Western aid for Ukraine, and in May 2024 carried out tactical nuclear weapons drills close to the Ukrainian border, SIPRI said. “We have not seen nuclear weapons playing such a prominent role in international relations since the Cold War,” said Wilfred Wan, the director of SIPRI’s Weapons of Mass Destruction Program.
Persons: Israel –, , Dan Smith, Jung Yeon, ” SIPRI, , Hans M, Kristensen, Matt Korda, Erik McGregor, SIPRI, Wilfred Wan Organizations: London CNN —, Stockholm International Peace Research Institute, , Korean, Getty, , SIPRI’s, Ukraine, Hamas, Conference, Nuclear Weapons Locations: United States, Russia, United Kingdom, France, China, India, Pakistan, North Korea, Israel, Stockholm, Seoul, South Korea, Swedish, Ukraine, saliency, , , “ China, Korea, Gaza, Moscow, Ukrainian, Iran, Iraq, Syria
Hong Kong CNN —Interested in capping off your trip to Hong Kong with a long weekend in Beijing or Shanghai? A new high-speed sleeper train service is making that possibility easier than ever. Return trips depart from Beijing and Shanghai at around 8 p.m. and arrive in Hong Kong at 8.47 a.m. and 7.29 a.m. A passenger with a child boards the high-speed sleeper train in Beijing for its inaugural journey to Hong Kong's West Kowloon Station. Jia Tianyong/China News Service/VCG/Getty ImagesHong Kong’s controversial high-speed railwayOpened in 2018, the 26-kilometer Hong Kong high-speed railway is a part of the larger Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL).
Persons: ” John Lee, Hong, Jia Tianyong Organizations: Hong Kong CNN, Hong Kong West Kowloon Station, China News Service, Passengers, China, , Hong, Hong Kong Express, Express Locations: Hong Kong, Beijing, Shanghai, Hong Kong West Kowloon, Kowloon, Hong, China, cn, China , Hong Kong, Guangzhou, Shenzhen
Living in a coastal state could result in higher monthly bills. Hawai'i, California, and Massachusetts are the most expensive states based on online bill-paying service Doxo's cost of bills index. Hawai'i came in as the most expensive state, with the average household spending $3,091 monthly on the 10 essential bills, 45% above the US average. Meanwhile, West Virginia is the cheapest state to live in, with residents spending $1,596 monthly on bills, 25% below average. Here are the 10 states with the most expensive essential monthly bills and the 10 with the cheapest.
Persons: Organizations: Service, Hawai'i, Census Bureau Locations: Hawai'i , California, Massachusetts, West Virginia
In this article 9866-HK Follow your favorite stocks CREATE FREE ACCOUNTChinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y. Elon Musk's electric SUV has been one of the best-selling pure battery-powered electric cars in China. watch nowFierce competition in China's electric car market has invited new entrants and prompted many companies to cut prices. Smartphone company Xiaomi in late March entered the electric car market with its SU7 sedan to rival Tesla's Model 3 with a price that was also about $4,000 cheaper.
Persons: Nio, Evelyn Cheng SHANGHAI, William Li, Onvo, CNBC's Eunice Yoon, Elon, Xiaomi, BYD, Li, Biden, Tesla Organizations: HK, CNBC, Onvo's, Tesla's, Elon Musk's Locations: Shanghai, China, Europe, .
The biggest monthly bills Americans pay each month are mortgage, rent, and auto loans. AdvertisementThe biggest monthly bills Americans pay each month are mortgage, rent, and auto loans, according to the report. The other most common bills include utilities, auto insurance, cable and internet, mobile phones, health insurance, life insurance, and home security. Of those monthly bills, utilities, mobile phones, and health insurance have jumped the most in the last five years. AdvertisementThe most common monthly bills are just part of the picture for manyThese bills are just one piece of the picture showing the current cost of living.
Persons: Lynnette, Cox Organizations: Census Bureau, Resilience, Business Locations: Doxo
Gold tends to gain value when people lose faith in banks and money, as it did in the Great Recession. Earlier this month, the gold contract for April settled at $2,126.30 per ounce, the highest level since the contract's creation in 1974. Gold, nostalgia and the end of the world...At the heart of people's apocalyptic fantasies is nostalgia, Berger said. When everything else is going down the tubes, gold is the one thing that's likely going to do well. Trump has called for returning to the gold standard and, at least at one point, owned up to $200,000 of the metal, reports found.
Persons: James Berger, William Bernstein ,, Bernstein, Berger, Hay, William Bernstein, Donald Trump's, Trump, Vladimir Putin, Ethan Swope Organizations: Yale University, CNBC, NBC, NATO Locations: United States, Russian, Ukraine, Gaza, Aguanga , California
Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy's health from Federal Reserve Chair Jerome Powell. Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy's health from Federal Reserve Chair Jerome Powell. Spot gold edged down 0.1% at $2,126.13 per ounce, as of 0458 GMT. Spot prices hit a record peak of $2141.59 per ounce overnight on Tuesday, rallying for a fifth straight session. Spot platinum rose 0.4% to $884.16 per ounce, and palladium rose over 1% to $958.20, while silver dropped 0.3% to $23.63.
Persons: Jerome Powell, Ajay Kedia, Kunal Shah Organizations: Federal, Kedia Commodities, Traders, U.S, Nirmal, Commodities Locations: Mumbai, U.S
Exit polls are a valuable tool to help understand primary voters’ demographic profile and political views. The share of Republican primary voters and caucusgoers holding these views about Trump’s fitness for office and the 2020 election varies from state to state, even as the dominant sentiment remains largely the same. Exit poll data this year finds GOP primary voters divided in their desired approach to abortion policy in a post-Roe v. Wade era. Trump has also racked up support among those primary voters who are the most acutely unhappy with the way things are going in the US. Exit polls for the Iowa Republican caucuses and the New Hampshire, South Carolina, North Carolina, Virginia and California Republican presidential primaries were conducted by Edison Research on behalf of the National Election Pool.
Persons: Donald Trump’s, they’d, Joe Biden’s, Nikki Haley, Biden’s, Haley, Trump, , California –, MAGA, Wade, Biden Organizations: CNN —, GOP, Trump, South Carolina Gov, Republican, New Hampshire Republican, Election, Iowa GOP, Voters, Iowa Republican, California Republican, Edison Research, New, South Carolina Republican, North Carolina Republican, Virginia Republican Locations: – Iowa, New Hampshire, South Carolina, North Carolina, Virginia, California, Super, Iowa, New, California , Virginia
One helpful way to think about the recent gold rally: it's a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. Be prepared to root against your investment, said William Bernstein, author of "The Four Pillars of Investing." "You buy gold and hope it doesn't go up," he said. Among the other previous good times for gold: The Great Recession and the start of the Covid outbreak.
Persons: William Bernstein ,, Vladimir Putin, Donald Trump Organizations: NATO, Finance Locations: Ukraine, Gaza
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices pushed higher Tuesday after futures pricing for the precious metal notched fresh records in the previous two sessions — with analysts seeing strength lasting at least into the second half of the year. Spot gold was trading 0.7% higher at $2,129, though market-watchers note that in real terms, adjusted for inflation, gold is well below past peaks. In a Monday note, analysts at Citi described themselves as "medium-term bullion bulls," calling a 25% probability of gold averaging a record $2,300 per ounce in the second half. Citi describes gold as a developed market "recession hedge," and increasingly see tailwinds from uncertainty around the U.S. election in November.
Persons: Donald Trump Organizations: Co, Citi, Berenberg Locations: Bangkok, Thailand, London, Ukraine, Gaza
Gold hovers near 3-month peak as eyes on Powell's testimony
  + stars: | 2024-03-05 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Oct. 13, 2023. Gold prices steadied near a three-month peak on Tuesday, supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Reserve Chair Jerome Powell and key jobs data later this week. Spot gold was flat at $2,114.59 per ounce, as of 0423 GMT, hovering around Monday's levels of $2119.69 that marked its highest point since Dec. 4. London's gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust's GLD holdings were down 10% from the previous year as of March 4.
Persons: Jerome Powell, Joni Teves, Fed's Raphael Bostic, Teves Organizations: Korea Gold Exchange, Federal, UBS, Data, ANZ Locations: Seoul, South Korea, U.S
Gold just jumped to a record high. Here’s why
  + stars: | 2024-03-05 | by ( Krystal Hur | ) edition.cnn.com   time to read: +2 min
New York CNN —Gold rose Tuesday after notching a record high the prior day, as investors continue to bet the Federal Reserve will cut rates in the back half of the year. The yellow metal was up about 0.4% on Tuesday morning, stabilizing somewhat after settling at an all-time high of $2,126.30 a troy ounce on Monday. However, some investors also believe gold to be a hedge against inflation, wagering that it will hold its value even if it begins to surge. The Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge, rose 2.4% for the 12 months ended in January. The milestones for both bitcoin and gold come as stocks continue to rally powerfully.
Persons: That’s, Jerome Organizations: New, New York CNN, Federal Reserve, Commerce Department, Investors, Fed, Nasdaq Locations: New York, December’s
Gold futures settled at the highest level ever on Monday as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. When adjusted for inflation, gold set an all-time high of about $3,200 in 1980, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. Gold has has performed well despite high interest rates and a strong dollar, he said. Gold now has upside on the expectation that the Fed will start cutting interest rates this year as inflation comes down, hesaid. Traders are betting the Fed will cut rates in June, according to the CME Fed Watch Tool.
Persons: It's, Peter Boockvar, Boockvar, Gold, Bart Melek, Melek Organizations: Federal Reserve, Miners, Bleakley Financial, TD Securities, Fed, Traders, CME Locations: U.S, Ukraine, China, Saudi Arabia
In 2019, a non-governmental organization set up the camp's health post where Aliyu's ninth child, Hauwa, was delivered in 2021. "There are no special arrangements for pregnant women in IDP and refugee camps [in Nigeria]. But for most of the 64 women recorded in the camp's birth register this year, these costs are prohibitive. Nigeria's Federal Ministry of Health oversees health for the country (including provisions provided by the Commission). He tells CNN: "Women's Health services were prioritized and featured strongly in the programs designed to the needs of internally displaced women."
Persons: Aisha Aliyu, Abba, Aliyu, Aisha, Liyatu Ayuba, Ayuba, Fatima Mahmood Jibirilla, Isa Umar, Umar, they've, doesn't, Dr Charles Nzelu, Dolapo Fasawe, Fasawe, Nzelu, Iko Ibanga, Osagie, Ehanire, Ibanga Organizations: CNN, Walden University, Camp, Camp Management, Aliyu, Nigeria's Federal Ministry of Health, Commission for Refugees, Migrants, Commission, antenatal, Capital Territory, Territory's, Environmental Services, FCT Health Services, Federal Ministry of Health, Ministry, Pro Health, Federal Capital Territory, Health, Pro Health International, Union, National Primary Health Care Development Agency, Ministry of Health, National Assembly Locations: Abuja, Nigeria, Nigeria's, Wala, Borno State, Maiduguri, Haram, Durumi, Africa, Nigerian, Borno, Adamawa
Crypto prices have recovered from a big dip earlier in the week, with bitcoin hitting a new high for 2023 on Friday. Bitcoin rose 2% Friday to reach $38,350.00, its highest level since May 2022, according to Coin Metrics. It's on pace to end the week higher by 5%. Meanwhile, ether has moved back above the key psychological level of $2,000, last trading more than 2.5% higher at $2,122.98. The second largest token by market cap is outperforming the crypto market this week, on pace to end up more than 9%.
Persons: Bitcoin Organizations: Metrics, Solana,
U.N. and other international agencies say there can be small discrepancies between the final casualty numbers and those reported by the Gaza health ministry straight after attacks, but that they broadly trust them. The figures are initially reported in Gaza, and updated in Ramallah after they have been checked, but discrepancies are generally minimal, he said. In a report published on its website on Nov. 3, 2015, the Palestinian health ministry said the number of people killed in the July-August 2014 conflict in Gaza was 2,322. ISRAELI CONCERNIsrael has been attacking Gaza since cross-border raids in which it said 1,400 people were killed by Hamas in southern Israel. An Israeli military spokesman said this week the Gaza health ministry "continuously inflates the number of civilian casualties" and "has been caught lying in the past".
Persons: Biden, Joe Biden, Mike Ryan, Omar Shakir, Khan Younis, Abu Mustafa, Israel, Gabrielle Tétrault, Farber, James Mackenzie, Edmund Blair, Washington newsroooms, Timothy Heritage, Angus MacSwan Organizations: Palestinian, Reuters, Humanitarian Affairs, Health, Rights Watch, Palestine, Human Rights, Health Organization, Palestinian Authority, West Bank, Hamas, REUTERS, Fatah, Israeli Foreign Ministry, Jerusalem Center for Public Affairs, Arabi, Thomson Locations: GENEVA, Gaza, Israel, Geneva, York, Palestinian, Ramallah, Israeli, Al, Ahli, Jerusalem, Beirut, Washington
MONTEVIDEO, Uruguay (AP) — A buyer from Argentina paid $42,120 for a manuscript of works, including seven unpublished stories, by legendary Argentine writer Julio Cortázar at an auction Thursday in the Uruguayan capital, Montevideo. 1952” was the basis for the writer’s iconic “Cronopios and Famas” book, published in 1962. In 1952, Cortázar sent a manuscript titled “Stories of Cronopios and Famas” from Paris to Luis María Baudizzone, the head of Argentine Argos publishing. It could easily have been lost.”Vega speculates that Cortázar “lost track of the manuscript” after he sent it to Baudizzone. The heir contacted Lucio Aquilanti, a Buenos Aires antiquarian bookseller, and a prominent Cortázar bibliographer, who confirmed the piece’s authenticity.
Persons: Julio Cortázar, Historias, y, , Cronopios, King, Hilario, Cortázar, Luis María Baudizzone, , cronopios, ” Cortázar, Eduardo Jonquiéres, Jonquiéres, ” Roberto Vega, ” Vega, Cortázar “, Lucio Aquilanti Organizations: Paris, Argentine Argos, famas, Associated Press Locations: MONTEVIDEO, Uruguay, Argentina, Argentine, Uruguayan, Montevideo, Buenos Aires, Paris, Baudizzone, Americas, Europe
A Cuban man was lured into Russia's military after being promised a job as a driver, per Politico. Pedro told the outlet that he and other Cubans had signed a contract with the "devil". He also told Politico that he had considered fleeing but wouldn't know where to go if he did. A legal advisor in Russia's Cuban community told Politico that he had received a number of pleas for help from Cubans. But Pavel Luzin, a senior scholar at the Centre for European Policy Analysis, told Politico that Russia "needs the cannon fodder" after its army suffered significant casualties in Ukraine.
Persons: Pedro, Pedro wasn't, Pavel Luzin Organizations: Politico, Service, Human Rights, Miami, Centre for Locations: Wall, Silicon, Russia, Politico Europe, The Miami, Cuba, Ukraine
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