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Top related persons:
Luca Sola - 2 — - 2 Richemont - 1 Burkhart Grund - 1 LVMH Moet Hennessy Louis Vuitton - 1 Gucci - 1 Ashley Wallace - 1 Bernstein - 1
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Cartier - 1 Bank of America - 1 U.S - 1 U.S . - 1 EU - 1 Europe - 1 Citi - 1 Bank - 1

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☆ These luxury stocks won't lose their luster even as sales growth slows to pre-pandemic levels
  + stars: | 2023-11-10 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +13 min
After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. Nowhere have the struggles of the luxury sector been more prominent than in the French conglomerate LVMH Moet Hennessy Louis Vuitton , the group's bellwether. This dynamic tends to hurt the less-prestigious luxury brands more, according to Rogerio Fujimori, an analyst at Stifel. "Chinese [consumers] are back to Southeast Asia and Japan, but there's still a long way to go in terms of Europe. LVMH and other European luxury brands have been market leaders among European equities since 2021 until the first half of 2023.
Persons: Richemont, Burkhart Grund, LVMH Moet Hennessy Louis Vuitton, Gucci, Ashley Wallace, Bernstein, Luca Sola, Rogerio Fujimori, Fujimori, Wallace, Stifel's Fujimori, there's, Richemont's Grund, —, Fujimori foresees, we've, Hermes, Brunello, Thomas Chauvet, Louis Vuitton, Brunello Cucinelli, LVMH, Dior, Markus Hansen, Hansen, America's Wallace, It's, Vontobel's Hansen, — CNBC's Michael Bloom Organizations: Cartier, Bank of America, U.S, U.S ., EU, Europe, Citi, Bank, Gucci, Bottega Locations: U.S, Europe, Japan, China, Southeast Asia, China's, Thursday's, Kering
☆ An extinct species buried their dead and carved symbols 100,000 years before humans. The findings challenge our understanding of human evolution, researchers say.
  + stars: | 2023-06-10 | by ( Alia Shoaib | ) www.businessinsider.com   time to read: +3 min
An extinct species called Homo naledi buried their dead 100,000 years before humans. The species, called Homo naledi, had brains about one-third the size of a modern human's, according to CNN. Until now, these behaviors had only been associated with larger-brained species such as Homo sapiens and Neanderthals. "These recent findings suggest intentional burials, the use of symbols, and meaning-making activities by Homo naledi. Homo naledi walked upright and manipulated objects by hand like humans, Berger said, but they were shorter, thinner, had smaller heads, and were more powerfully built, per CNN.
Persons: —, Homo naledi, paleoanthropologist Lee Berger, Berger, Lee Berger, Luca Sola, Agustín Fuentes Organizations: Service, Privacy, CNN, Geographic, Getty Locations: South Africa, Maropeng, AFP
☆ Baristas in San Francisco went on strike. Their robot co-workers went right on serving
  + stars: | 2022-10-18 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +12 min
For three days last month, 1,000 food-service workers at SFO went on strike over wages and working conditions. For decades, robots have been replacing, or at least nudging aside, human labor. But at SFO, robot baristas didn't simply replace humans — they crossed a picket line. Cafe X robot baristas stayed on the job when food-service workers went on strike at San Francisco International Airport last month. The short version is: Every new robot per thousand human workers reduces employment by 0.2 percentage points and decreases wages by 0.42%.
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