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☆ The war in Ukraine has 'opened Pandora's box' in Europe, and now new strike weapons are on the way, nuclear weapons expert says
▼ + stars: | 2024-07-22 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The impact of these deep strikes has been eye-opening for Europe and the US, opening "Pandora's box" for more of these capabilities, a nuclear weapons and arms control expert told Business Insider. The conventional weapons include SM-6, Tomahawk, and developmental hypersonic weapons, "which have significantly longer range than current land-based fires in Europe." "The war in Ukraine shows that long-range strikes are a key issue for the defense of Europe," Lecornu posted on X. "These countries knew that long-range weapons were important even before Russia invaded Ukraine, but Russia's war in Ukraine has opened Pandora's Box to more and more military steps," explained Hans Director of the Nuclear Information Project at the Federation of American Scientists. US Navy photo by Mass Communication Specialist 1st Class Jonathan WordPoland, Germany, France, and Italy's new long-range missile plans follow work in the US to quickly develop new long-range strike systems.

Persons: —, Andrew Dickson, Sebastien Lecornu, Lecornu, Hans, Thierry Wurtz, " Kristensen, Jonathan, Zachary Anderson There's, it's, Kristensen, Trump, he'd Organizations: Service, Business, NATO, Army, Artillery, U.S, French, Russia, Federation of American Scientists, Rafale, US, Attack Missiles, US Navy, Jonathan Word, Trump Locations: Ukraine, Russia, Europe, Germany, Australia, Poland, Italy, Moscow, Jonathan Word Poland, France

☆ Soldier in France’s anti-terrorism force stabbed in Paris ahead of Olympics opening ceremony next week
▼ + stars: | 2024-07-15 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +1 min

Paris CNN —A French soldier deployed in the country’s anti-terrorism force was stabbed at a train station in central Paris on Monday evening, French government officials said, a little more than a week before the Paris 2024 Olympics’ opening ceremony is due to take place. “A soldier with Operation Sentinelle was stabbed while on patrol at Gare de l’Est in Paris. Operation Sentinelle is an anti-terrorism military operation that was established in the aftermath of the Charlie Hebdo terror attack in January 2015. France has increased its security measures around Paris ahead of the Olympics, which includes bolstering the Operation Sentinelle forces. “Our thoughts are with the soldier injured this evening at Gare de l’Est, who was deployed as part of Operation Sentinelle,” French Defense Minister Sebastien Lecornu said on X.

Persons: Paris CNN —, “, Sentinelle, Gérald Darmanin, Charlie Hebdo, Sebastien Lecornu, ” Lecornu Organizations: Paris CNN, Gare de, de, French Locations: Paris, Gare, Gare de l’Est, France, de l’Est

☆ NATO allies are chasing new long-range weapons to fill a critical missile gap as the US plans deep-strike deployments
▼ + stars: | 2024-07-11 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewSeveral NATO allies have agreed to a plan to develop new long-range missiles that are intended to fill capability gaps that have become increasingly noticeable as Russia wages its war in Ukraine. The new initiative among these NATO allies is focused on developing ground-launched cruise missiles with ranges is excess of 500 kilometers. In both cases, the shift toward improving long-range capabilities on European soil further signals NATO's understanding of critical gaps in its arsenal highlighted by the Ukraine war. Responding to US plans to deploy deep-strike capabilities in Germany, among other NATO actions, Kremlin spokesperson Dmitry Peskov said: "This is a very serious threat to the national security of our country." "All of this," he said, "will require us to take thoughtful, coordinated, effective responses to deter NATO, to counteract NATO."

Persons: —, Sebastien Lecornu, Lecornu, Zachary Anderson, 🇫🇷🇩🇪 🇮🇹🇵🇱 pou, ike o ptions, sian, ike, ona Organizations: Service, NATO, Business, French, US Navy, Reuters, kr, rit Locations: Russia, Ukraine, Germany, France, Poland, Italy, Europe, guerre, à Washington

☆ France's Macron wanted to leave his mark on Europe — he may have just ruined his legacy
▼ + stars: | 2024-07-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

He's credited with creating the European Political Community, bringing leaders from across 50 states in the region to discuss shared challenges and to coordinate joint responses. For now, Macron has rejected his current Prime Minister Gabriel Attal's resignation and on Monday asked him to stay in the post "to ensure the country's stability." Subran stressed that it was vital that Macron was aligned with the future prime minister. It hasn't paid off, and France's uncertain political outlook will likely perturb France's European partners, one French political scientist told CNBC. French President Emmanuel Macron reviews troops that will take part in the Bastille Day parade, July 2, 2024 in Paris, France.

Persons: Emmanuel Macron, Sebastien Salom, Emmanuel Macron's, Macron, —, Tina Fordham, it'll, Fordham, Francois Hollande, Angela Merkel, He's, Germany —, Volodymyr Zelenskyy, Hollande, Gabriel Attal's, Ludovic Subran, Subran, Donald, Trump, — we're, CNBC's Charlotte Reed, it's, Macron's, hasn't, Philippe Marlière, France isn't, Aurelien Organizations: Afp, Getty Images, Fordham Global Foresight, CNBC, NATO, European Union, Socialist, Political, Russia, Ukrainian, Reuters, NFP, Monday, Allianz, U.S, Republican, NurPhoto, EU, University College London Locations: gomis, Europe, France, Washington, Ukraine, Germany, Kyiv, Paris, China, Brussels, Strasbourg, Russia

☆ The sting of an Airbnb rejection: Hosts explain why they turn down all sorts of travelers
▼ + stars: | 2024-07-08 | by ( Marylou Costa | ) www.cnbc.com time to read: +6 min

She said she feels checking potential guests' social media profiles is warranted if she thinks their stay could cause problems. But unfortunately, over the last few years, there have been at least three situations where I felt the need to check people's social media beforehand." Borman, however, is part of the 8% who said they look at guests' social media profiles prior to accepting a booking. "We delve into social media as a more advanced check when we have suspicions about somebody," he said. A 4.5-star rating isn't enoughAirbnb superhost Crystal Shell, who manages short-term rentals in Alabama under the management company Bailey-Trace, doesn't check renters' social media profiles, she said.

Persons: Vicky Borman's, Borman, I'm, It's, Sebastien Long, Long, Shell, Bailey, Sebastian Long, Airbnb Organizations: St Neots, CNBC Locations: St, St Neots, Borman's, United Kingdom, United States, France, Germany, Canada, Texas, Houston, Alabama

☆ 'A kind of civil war': Divided France on high alert for unrest amid political earthquake
▼ + stars: | 2024-07-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Prime Minister Gabriel Attal has said French voters now have a "moral duty" to halt the party's advance. The officer — a father of three who's in his 40s, and a right-leaning voter — said the polarization in French society was "very worrying, but unfortunately normal with the 'diversity' of our society." The police officer said he expected civil unrest after the vote, whichever party gained the most votes. "There will be civil unrest whoever is elected, this is France and the people speak their mind." Civil unrest possiblePolitical experts agree that the current febrile atmosphere of French politics, and antagonism between the main bodies of voters, are the ingredients for further civil unrest.

Persons: that's, Emmanuel Macron, Macron, Gabriel Attal, Amel, Sebastien Salom, Gérald Darmanin, —, You've, Philippe Marlière, you've, Marlière, Jordan Bardella, Bardella, Ifop Organizations: la Republique, Nurphoto, CNBC, Front, Left, Afp, Getty, Republican, France's, Republique, Rassemblement, Anadolu, University College London, National Assembly, National, NATO, Le, Palais des Sports Locations: la, Paris, France's, France, Nantes, gomis, de, Bordeaux, Europe, Ukraine

☆ Tensions with Iran spotlight Israel's hidden nuclear arsenal
▼ + stars: | 2024-07-04 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

AdvertisementBy invoking doomsday weapons, it was clear Katz was alluding to Israel's nuclear weapons arsenal — an arsenal over which neither he nor IAI have any command-and-control. There are eight countries in the world with declared nuclear arsenals, four of which — the United States, China, India, and Russia — have a complete nuclear triad. Israel's triad has some notable distinctions and limitations compared to those of the other four. "Israel's nuclear triad bears the hallmarks of a regional nuclear triad as seen in India and Pakistan, rather than seeking globe-spanning strike capability," Sebastien Roblin, a widely published military-aviation journalist, told Business Insider. "Israel's nuclear deterrent is not designed to ward off great powers like Russia or China, but rather regional powers like Egypt and Iran," Bohl told BI.

Persons: —, Yair Katz, Israel, Katz, Russia —, Sebastien Roblin, Roblin, Ryan Bohl, RANE, Bohl, Nir Ben, Yosef Organizations: Service, Business, Israel Aerospace Industries Workers ' Council, Iran's United Nations, IAI, Jericho, Israel Aerospace Industries, Dolphin, East, Facebook, Air Force's, Israel, US Air Force, IAF, nukes Locations: Israel, Lebanon, Iran, Yemen, Syria, Iraq, United States, China, India, Russia, Pakistan, North Africa, Egypt, Jericho

☆ French reforms likely to be delayed in hung parliament scenario, political analyst says
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench reforms likely to be delayed in hung parliament scenario, political analyst saysSebastien Maillard, director of the Institut Jacques Delors and associate fellow at Chatham House, discusses the results of the first round of the French parliamentary election.

Persons: Sebastien Maillard, Institut Jacques Delors Organizations: Institut Jacques, Chatham House

☆ ‘Miss AI’ beauty pageant and the complicated quest for the ‘perfect’ woman
▼ + stars: | 2024-06-27 | by ( Issy Ronald | ) edition.cnn.com time to read: +11 min

None of these women are real — everything about them, even the emotion that flickers across their faces, is generated by artificial intelligence (AI), for the world’s first ever AI beauty pageant. Fanvue World AI Creator AwardsEach of the contestants has a unique and distinctive personality, as well as face. But, echoing the reality of most modern Miss USA beauty pageant winners since the competition’s inception in 1921, most are White, thin and have long hair and symmetrical features, detailed Hilary Levey Friedman — a sociologist and author of “Here She Is: The Complicated Reign of the Beauty Pageant in America” — in a phone interview. Fanvue World AI Creator AwardsCreators of these AI models add that the technology itself is not necessarily the problem. Fanvue World AI Creator Awards“Influencers are just behind a screen,” Mohammad Talha Saray, one of Seren Ay’s creators, said.

Persons: ” Dr Kerry McInerney, Lalina, Turkey’s, Kemal Ataturk, Anne Kerdi, Zara Shatavari, Hilary Levey Friedman, Aiyana, McInerney, “ They’re, they’re, they’re compling, ” Aiyla Lou, “ DALL, Furkan Sahin, Seren, ”, Sally, Ann Fawcett, “ there’s, “, ” Fawcett, Asena, Sahin, Sofía, ” Eliza Khan, Levey Friedman, “ There’s, Merriam, Novales, Aitana, Lil Miquela, Calvin Klein, ” Mohammad Talha Saray, there’s, Anne Kerdi’s, Sébastien Keranvran, Anne, ” Anne Kerdi, Anne goodnight, Fanvue, it’s Organizations: CNN, Leverhulme Centre, Intelligence, University of Cambridge, Pageant, America ”, Miss, Prada Locations: French, Kyoto, Japan, Brittany, France, Miss USA, America, Brazil, Morocco

☆ Oilers’ Connor McDavid wins Conn Smythe after historic playoff despite Stanley Cup Final loss
▼ + stars: | 2024-06-24 | by ( Lukas Weese | ) www.nytimes.com time to read: +3 min

And we came that close.”In 25 playoff games, McDavid recorded eight goals and 34 assists. No active player has more points in a single Stanley Cup Final than McDavid. McDavid joins Giguere, Leach, Ron Hextall, Glenn Hall and Roger Crozier to win the Conn Smythe on the losing Stanley Cup Final team. The Oilers’ loss continues a streak of Canadian-based teams not winning the Stanley Cup since 1993. Despite not lifting the Stanley Cup this season, his legacy is cemented as one of hockey’s all-time greats.

Persons: Connor McDavid, McDavid, Conn Smythe, “, ” McDavid, Wayne Gretzky, Mario Lemieux, Reggie Leach, —, Jean, Sebastien Giguere, eason, ingle, tanley, J Organizations: Oilers, Florida Panthers, Stanley, Panthers, Anaheim Mighty Ducks, ust, ince Locations: ”

☆ Now is a time to own growth and sell some, says T. Rowe's Sebastien Page
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is a time to own growth and sell some, says T. Rowe's Sebastien PageSebastien Page. T. Rowe Price, joins 'Closing Bell' to discuss the economy and his market playbook.

Persons: Rowe's Sebastien Page Sebastien Page, Rowe Price

☆ Accor CEO: Anyone betting against hospitality is likely to be wrong
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccor CEO: Anyone betting against hospitality is likely to be wrongAccor CEO Sébastien Bazin joins CNBC's 'The Exchange' to discuss the European economy, outlooks for hospitality, and more.

Persons: Sébastien Bazin, CNBC's

☆ European voters head to the polls on final day of EU election
▼ + stars: | 2024-06-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

This photograph shows European countries' flags waving in front of the European Parliament building in Strasbourg, eastern France, on June 6, 2024. Over 400 million people are eligible to vote for the 720 members of the European Parliament (MEPs). Voter turnout was just above 50% in the last EU election of 2019, according to official data. This includes Dutch nationalist Geert Wilders' anti-immigration party, which recorded significant gains in Thursday's Netherland's EU election, according to the latest exit polls. The European Parliament

Persons: SEBASTIEN BOZON, Sebastien Bozon, Geert Wilders, Wilders Organizations: Getty, Afp, Union, EU, Parliament, Thursday's Netherland's EU, Labour, Green, Party for Freedom Locations: Strasbourg, France, AFP, Austria, Belgium, Germany, Malta, Greece, Europe, Thursday's Netherland's, Netherlands, Czech Republic, Latvia, Slovakia, Ireland

☆ The thinking person's AI trade: There's a cheap, under-the-radar sector generating historically strong returns — and these 8 stocks are Goldman Sachs' top picks
▼ + stars: | 2024-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

It marks the often-unloved group's third-best showing since 2002, according to Goldman Sachs. Utilities aren't just an AI playOther than their understated connection to AI, utilities are attractive on a valuation basis and as a defensive hedge, according to Goldman Sachs. AdvertisementHowever, utilities are cheap compared to the high-single-digit earnings growth they're expected to produce in the next several years. Goldman SachsBesides being discounted relative to their future growth, utilities serve as a hedge against lower economic growth. AdvertisementOf the 16 utilities stocks covered by Goldman Sachs analysts, only half have a buy rating from the firm.

Persons: —, Goldman Sachs, Carly Davenport, Ryan Hammond, Bill Gross, Sebastien Page, Rowe Price, it's, Page, Goldman, Hammond Organizations: Service, Utilities, Business, Nvidia, Microsoft, Goldman, Federal Reserve

☆ Investors should be close to their risk tolerance, says T. Rowe Price's Sebastien Page
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be close to their risk tolerance, says T. Rowe Price's Sebastien PageSebastien Page, T. Rowe Price global head of multi-asset, joins 'Closing Bell' to discuss his expectation for tomorrow's PCE report and his market playbook.

Persons: Rowe Price's Sebastien Page Sebastien Page, Rowe Price Organizations: PCE

☆ I tried the Megaformer Pilates workout, loved by Kim Kardashian and Michelle Obama. It targeted my thighs in a whole new way.
▼ + stars: | 2024-05-23 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.

Persons: —, Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe

☆ New Caledonia: French President Emmanuel Macron heads to violence-hit Pacific territory
▼ + stars: | 2024-05-22 | by ( Edward Szekeres | Alex Stambaugh | ) edition.cnn.com time to read: +3 min

CNN —French President Emmanuel Macron is on his way to New Caledonia, a government official has said, after a week of deadly unrest in the Pacific archipelago. Macron was leaving Paris on Tuesday night and will “set up a mission” in the French territory, government spokesperson Prisca Thevenot told a press conference, without giving further details. He will be accompanied by Interior Minister Gérald Darmanin, Defense Minister Sébastien Lecornu, and Overseas Minister Marie Guévenoux, Darmanin told the National Assembly. Darmanin also told the French legislature the number of police and gendarmes in New Caledonia would soon reach 3,000. Lying in the South Pacific with Australia, Fiji and Vanuatu for neighbors, New Caledonia is a semiautonomous French territory — one of a dozen scattered throughout the Pacific, Caribbean and Indian Ocean.

Persons: Emmanuel Macron, Prisca Thevenot, Gérald Darmanin, Sébastien Lecornu, Marie Guévenoux, Darmanin, Paris –, Macron’s, Thevenot, Gabriel Attal Organizations: CNN, Paris, Interior, Defense, Overseas, National Assembly, France’s National Assembly, ”, New Locations: New Caledonia, Caledonia, Australia, New Zealand, France, South Pacific, Fiji, Vanuatu, , New Caledonia, Pacific, Caribbean, Indian, Colonial France, White

☆ Why predicted gains for right-wing populists could make Europe vulnerable to attack
▼ + stars: | 2024-05-11 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

CNN —Right-wing populists are set to make unprecedented gains in the elections to the European Parliament taking place next month. Polling data suggests that far-right Members of the European Parliament (MEPs) could have enough seats to, together, block the passage of European Union legislation, creating a massive headache for the union as a whole. “For some countries, that is a six-month process, in others it can take two years,” a senior European Parliament source told CNN. Britain's Nigel Farage used his seat in the European Parliament to promote Brexit. It only becomes an issue if they are working with foreign powers to advance their agenda,” an EU security source told CNN.

Persons: Ursula von der Leyen, Yiannis Kourtoglou, Reuters “, ”, James Shires, you’ll, don’t, Britain's Nigel Farage, SEBASTIEN BOZON, it’s, — Organizations: CNN, Parliament, European, Reuters, “, Brexit, Getty, British, EU, Brussels Locations: Brussels, China, Russia, Strasbourg, AFP, Britain, Ukraine, EU, Europe

☆ A US ally is forging ties with China's air force but probably won't get its J-20 stealth fighter
▼ + stars: | 2024-05-08 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

The UAE is boosting ties with China's air force. Major General Saleh Mohammed bin Mejren Al Ameri, commander of the UAE's Joint Operations, met with the commander of China's People's Liberation Army Air Force on April 23 to promote closer air force cooperation. Another even speculated Abu Dhabi may eventually seek China's premier stealth fighter: the fifth-generation J-20 Mighty Dragon. I don't see this relationship developing into something similar to what the UAE Air Force has with France or even Russia anytime soon." Furthermore, the Emirati air force fighter fleet is already large for such a small country, making it unlikely the L-15s will serve any combat role.

Persons: —, General Saleh Mohammed bin Mejren Al Ameri, China's, Abu Dhabi, Abu, Abu Dhabi's, Ahmed Aboudouh, Aboudouh, Washington's hesitance, Fred Tanneau, Sebastien Roblin, Roblin, haven't, Russia's Su, Robin Organizations: Service, United, Liberation Army Air Force, Dassault Rafales, Chatham House, China Studies Unit, Emirates Policy Center, Rafale, Dassault Aviation, UAE Air Force, UAE, China hasn't, FC, Korea's KF, UAE . The Emirates, KF Locations: UAE, Washington, Beijing, United Arab Emirates, China, United States, Abu Dhabi, UAE's, France, Abu, Russia, Saudi, Pakistan, Ukraine

☆ AI engineers report burnout, rushed rollouts as 'rat race' to stay competitive hits tech industry
▼ + stars: | 2024-05-03 | by ( Hayden Field | ) www.cnbc.com time to read: +16 min

The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.

Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, “, Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German

☆ ‘Infested’ Review: Bugging Out
▼ + stars: | 2024-04-25 | by ( Jeannette Catsoulis | ) www.nytimes.com time to read: +1 min

There are no fresh ideas in the French creepy-crawler “Infested,” yet this first feature from Sébastien Vanicek scurries forward with such pep and purpose that its shortcomings are easily forgivable. Add a handful of eager young actors, a sociopolitical slam and a claustrophobic location swarming with venomous spiders and you’ll be hunting for the DEET long before the credits roll. His latest acquisition is a spider that, unbeknown to Kaleb, was smuggled from a Middle Eastern desert after rendering one of its captors agonizingly kaput. In less time than it takes to say “arachnophobia,” it will escape, reproduce like a bandit and send its deadly progeny scampering into every unsealed nook and cranny. Woe betide anyone not wearing a hoodie.

Persons: Vanicek, Kaleb, Théo Christine, agonizingly kaput Locations: Paris, Kaleb

☆ T. Rowe Price’s Sebastien Page: Don't expect a recession this year
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT. Rowe Price’s Sebastien Page: Don't expect a recession this yearSebastien Page, T. Rowe Price head of global multi-asset, joins 'Closing Bell' to discuss why he's neutral on the market and his stock risk tolerance.

Persons: Rowe Price’s Sebastien Page, Sebastien Page, Rowe Price

☆ Americans don't 'play that much' in the luxury industry, Accor CEO says
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmericans don't 'play that much' in the luxury industry, Accor CEO saysAccor CEO Sébastien Bazin goes over the industry outlook.

Persons: Sébastien Bazin

☆ Who gets to buy a Birkin bag?
▼ + stars: | 2024-04-08 | by ( Joan Kennedy | ) edition.cnn.com time to read: +10 min

(CNN) — It’s so hard to get your hands on an Hermès Birkin bag that it should be illegal. Hermès’ ultra-exclusive positioning has meant Birkin sales have continued to overperform in the market even as most other luxury brands see demand slowing from post-pandemic highs. A scarcity-driven distribution model has helped drive desire for Birkins, as well as more broadly fuel Hermès’ business. Saroyan Humphrey/WWD/Getty ImagesThe lawsuit alleges shoppers are required to buy ancillary products (items like scarves, pillows or shoes) before being allowed to purchase a Birkin handbag. Presumably, the plaintiffs could buy a Birkin from The RealReal even if they can’t from Hermès directly.

Persons: —, Birkin, Hermès, Kelly, aren’t, Alex Tai, ”, snagging, Erwan, Haffner, Saroyan Humphrey, WWD, ’ ”, Susan Scafidi, “ It’s, Sebastien Bozon Organizations: The, Fashion, CNN, HSBC, Law, Microsoft, Fashion Law, Fordham University, Getty Locations: Northern California, waitlists, Paris, China, California, Hermès, Allenjoie, France, AFP

☆ It's a strange time for the Fed to cut rates, says T. Rowe Price's Sebastien Page
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a strange time for the Fed to cut rates, says T. Rowe Price's Sebastien PageSebastien Page, T. Rowe Price head of global multi-asset, joins 'Closing Bell Overtime' to talk the day's market action, what's ahead for the Fed, the state of the U.S. economy and more.

Persons: Rowe Price's Sebastien Page Sebastien Page, Rowe Price Organizations: Fed Locations: U.S

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