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☆ Stocks making the biggest moves midday: Tesla, IBM, American Express, AT&T and more
▼ + stars: | 2023-04-20 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

American Express posted earnings per share of $2.40 for the first quarter, below an estimate of $2.66, per Refinitiv. On Wednesday, the casino and resort company posted a beat on first-quarter earnings. The decline comes a day after Zions missed earnings expectations in the first quarter. The company posted earnings of $2.73 per share on revenue of $7.97 billion. The downgrade comes ahead of the defense firm's first quarter earnings report, which is set to release April 25.

☆ Analysis: LVMH's caution points to Americans' waning lust for luxury
▼ + stars: | 2023-04-13 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

[1/2] A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. European labels including LVMH's Louis Vuitton and Dior, as well as Chanel and Hermes have been riding a wave of strong demand from Americans, who emerged from lockdowns with savings and a desire to splash out on designer labels. He added the group is taking a cautious approach to price increases this year -- not just for cognac. "It's probably the most emblematic luxury store in the world," said Guiony. Elliott Savage, portfolio manager of U.S.-based fund YCG Investments, which holds shares in LVMH and other luxury brands, said a weakening U.S. luxury market in the near term could present an opportunity for dominant players to take market share.

☆ A grassroots group took on Amazon and won. Then came the hard part
▼ + stars: | 2023-04-01 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +11 min

Amazon still refuses to recognize the union or come to the bargaining table, dashing the Staten Island workers’ hopes of creating their first contract. Union organizer Christian Smalls (L) celebrates following the April 1, 2022, vote for the unionization of the Amazon Staten Island warehouse in New York. “I told Christian, ‘We have a problem, you need to stop traveling, you need to focus on the workers,’” Goodall told CNN. The company has claimed the independent federal agency tasked with overseeing union elections exerted “inappropriate and undue influence” with the Staten Island effort. An Amazon employee signs a labor union authorization for representation form outside the Amazon LDJ5 fulfillment center in the Staten Island borough of New York, on Monday, Feb. 7, 2022.

Amancio Ortega set up the first Zara store in A Coruna in the north west of Spain in 1975. Marta Ortega started from the bottom at Inditex, stacking shelves at a Bershka store when she was 23. Ortega, whose father owns 59.3% of Inditex, has mainly worked in the background, leaving the spotlight to the CEO. "We feel that Marta Ortega has repositioned Zara slightly upwards," said Patricia Cifuentes, analyst at the investment banking arm of Spanish investment firm Bestinver. "Reinforcing that Zara sells fashion, not just clothes, has allowed Inditex to increase prices and protect the margins amidst the inflationary storm."

☆ On Oscars Carpet, the ‘Naked Dress’ Ruled
▼ + stars: | 2023-03-13 | by ( Rory Satran | ) www.wsj.com time to read: +1 min

Rihanna and red carpet host Ashley Graham in complementary revealing looks on Oscar night. Today’s Naked Dress trend, in full effect at the Oscars and its various celebrations Sunday, is in line with Saint Laurent’s prescient vision of glamorous nudity. On the Academy Awards’s red carpet, the Naked Dress continued its proud, chilly parade with looks such as Eva Longoria’s Zuhair Murad white lace gown and Ashley Graham’s fully sheer black tulle dress with cutouts. To the Vanity Fair Oscars party, Olivia Wilde wore a white Gabriela Hearst column cut away to reveal a leather bra. Rihanna’s custom Alaïa leather dress worn over a sheer jersey bodysuit was a provocative pregnancy twist on the look.

☆ Oscars 2023: 'Everything Everywhere All at Once' co-director accepted his Academy Award in a thrifted tuxedo
▼ + stars: | 2023-03-13 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The Oscar red carpet is traditionally a place for Hollywood's top talent to dress up in brands like Prada and Versace. According to Scheinert's mother, who accompanied him to the Academy Awards as his date, his tuxedo was purchased from a second-hand store in Scottsboro, Alabama. Scheinert's mom told AL.com that they bought the tuxedo a few years back when he began to receive recognition for his filmmaking. "Everything Everywhere All at Once" took home seven Oscars on Sunday night, including Best Picture, Best Director and Best Original Screenplay. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

Cate Blanchett, best actress nominee for "Tar," wore a draped azure top over a black skirt with a train. Several attendees took advantage of the indoor lights to don shimmery silver dresses or gowns encrusted with reflective materials. Ana de Armas, best actress nominee for "Blonde," wore a silver column dress with a flamenco dancer-like flounce on the bottom. Education activist Malala Yousafzai, executive producer of documentary short film "Stranger At The Gate," wore a shimmery silver hooded gown. Several women opted for gowns with high-cut slits, including Nicole Kidman in a shimmery black gown and Cara Delevingne in a dramatic red dress.

☆ Versace show: Miley Cyrus, Elton John, Lil Nas X attend Los Angeles rooftop catwalk
▼ + stars: | 2023-03-10 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Protest organizers called for escalated disruptions throughout the country in what they dubbed "A Day of Resistance" against reforms that they fear would subordinate Israel's Supreme Court to the executive and foster corruption.

☆ Versace reaches for new heights with starry LA rooftop show
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] Kendall Jenner walks the runway during the Versace Fall-Winter 2023 collection fashion show in Los Angeles, California, U.S. March 9, 2023. REUTERS/Mario AnzuoniLOS ANGELES, March 10 (Reuters) - Italian fashion house Versace made its Fall/Winter 2023 show a star-studded affair on Thursday, moving its catwalk from Milan to Los Angeles three days before this year's Oscars ceremony. Held on the roof-top of the Pacific Design Center in West Hollywood, the open-air show was brought forward by a day due to a heavy rain forecast. Gigi Hadid led models on the runway dressed in a black pencil skirt and power-shouldered blazer. Versace offered denim trousers and jackets for more casual options.

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Feb 21 (Reuters) - TJX Cos Inc (TJX.N) is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-price retailers offering cheaper deals and promotions. A case in point is Nordstrom Inc (JWN.N), which cut its annual profit forecast after its off-price store chain Rack failed to attract people despite heavy discounting due to inventory mismanagement. Jessica Ramirez, analyst at Jane Hali and Associates, said TJX is in tune with what the customer is shopping for and are interested. "TJX is very strong with their assortment ... they have been able to bring a lot of good names into their product offerings," she said. Reporting by Ananya Mariam Rajesh and Aatrayee Chatterjee in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ Tapestry lifts profit outlook as younger shoppers snap up Coach handbags
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] A handbag is seen in a Kate Spade store, owned by Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Luxury peer Ralph Lauren Corp (RL.N) also beat expectations on strong demand from younger affluent shoppers. Meanwhile, Ralph Lauren said its brands gained market share in North America, even as its wholesale revenue decreased 2%. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, while analysts had expected $1.76 billion, according to Refinitiv IBES data. Tapestry forecast fiscal 2023 earnings of $3.70 to $3.75 per share, compared with its prior estimate of $3.60 to $3.70.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Disney delivers, market rally back, another activist in Salesforce
▼ + stars: | 2023-02-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The outlook for Club holding Wynn Resorts (WYNN) hasn't been this good since the Covid pandemic started. I've been saying more needs to be done to right the ship at this Club holding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Luxury brands diverge: Tapestry stock rises while Capri slides after earnings
▼ + stars: | 2023-02-09 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Tapestry , the company behind Coach and Kate Spade, beat analyst expectations Thursday for its second quarter earnings and raised its annual profit forecast. Though, it was a different story for its competitor Capri Holdings , whose brands include Michael Kors and Versace. Tapestry's gains, sending the stock up over 3% Thursday, came a day after Capri's disappointing third quarter earnings report. Rick Patel, managing director at Raymond James, said both Tapestry and Capri have "done a great job" bringing new, younger customers into their brands through social media and website appeal. Tapestry reported per-share earnings of $1.36 on Thursday, topping estimates of $1.27, according to a survey of analysts conducted by Refinitiv.

☆ Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 24%
▼ + stars: | 2023-02-08 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Feb 8(Reuters) - Michael Kors owner Capri Holdings Ltd (CPRI.N) on Wednesday cut its annual profit forecast and provided a dour outlook for 2024, blaming a slowdown in demand from department stores for its luxury handbags and apparel and sending its shares tumbling 24%. Capri said third-quarter sales fell 6%, driven by a 20% fall in revenue from its wholesale channel, which includes department stores and other retailers. Revenue for Michael Kors, Capri's biggest brand, fell 4.5% to $777 million in the Americas during the third quarter. Capri, which also owns Jimmy Choo and Versace, cut its annual sales forecast to $5.56 billion, from $5.70 billion. Analysts expect earnings per share of $7.24 on revenue of $6.03 billion.

☆ Michael Kors owner Capri shares plunge after revenue falls across the retailer's luxury brands
▼ + stars: | 2023-02-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Shares of Michael Kors owner Capri Holdings plunged 20% in early trading Wednesday after the company missed earnings expectations and cut its annual profit forecast. Here's how the company did:Earnings per share: $1.84 vs. $2.22 expected by analysts, according to Refinitiv. Revenue: $1.51 billion vs. $1.53 billion expected by analysts, according to Refinitiv. Revenue fell across the company's luxury brands: Michael Kors revenue fell 7.2% year over year to $1.1 billion, Jimmy Choo revenue fell 5.6% to $168 million, and Versace revenue fell 0.8% to $249 million. Capri said it now expects full year 2023 sales of $5.56 billion, below analyst expectations of $5.72 billion, according to Refinitiv.

☆ Why Gigi Hadid Wants Her Employees to Have Hobbies
▼ + stars: | 2023-01-30 | by ( Lane Florsheim | ) www.wsj.com time to read: +1 min

Being a morning person comes so naturally to Gigi Hadid that a couple of years ago, she stopped drinking coffee at the same time she became a mom. She has also eschewed a traditional alarm clock for a human one, in the form of her 2-year-old daughter, Khai. “Whatever time she’s waking up, I’m waking up,” says Hadid (usually between 7:30 and 8:30 a.m.). Hadid has walked countless runways, appeared on over 30 covers of Vogue worldwide and starred in campaigns for fashion houses including Fendi, Valentino and Versace. These days, she lives between New York and her farmhouse in Pennsylvania and also runs her own brand, the cashmere label Guest in Residence, which she launched in 2022.

☆ I stayed in 5-star luxury hotels around the world for the first time and 10 things surprised me, from welcome gifts to pillow menus
▼ + stars: | 2023-01-28 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

After years of camping and booking cheap Airbnbs, I got my first taste of luxury when I stayed at four five-star hotels around the world. Joey Hadden/InsiderCheap Airbnbs, free campsites, and sleepless nights crammed in cars in Walmart parking lots used to be the norm for me. My introduction to luxury started during a train trip to Miami in October 2021. It was my first experience at a luxury hotel, and once I experienced this level of service, it left me craving more upscale stays. With returning celebrity guests like Sting, Travel and Leisure called it one of the most fashionable hotels in Italy.

☆ I'm a general manager on a $450 million cruise ship. I'm on duty 24 hours a day, but it's worth it to travel the world in a floating 5-star hotel.
▼ + stars: | 2023-01-26 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

He is now the general manager for the $450 million Regent Seven Seas Explorer. Now I'm the general manager on the $450 million Regent Seven Seas Explorer. The Regent Seven Seas Explorer is called "the world's most luxurious" by the cruise line. I worked on MSC Cruises for four years until I became the food-and-beverage director for Regent Seven Seas in 2014. In December 2021, I was promoted to general manager for Regent Seven Seas Explorer.

☆ I'm a general manager on a $450-million cruise ship. I'm on duty 24 hours but it's worth it to travel the world in a floating 5-star hotel.
▼ + stars: | 2023-01-26 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

He is now the general manager for the $450-million Regent Seven Seas Explorer. Now I'm the general manager on the $450-million Regent Seven Seas Explorer. Courtesy of Six Star CruisesThe first time I joined a cruise ship crew was in Los Angeles in May 1997. I worked on MSC Cruises for four years until I became food and beverage director for Regent Seven Seas in 2014. In December 2021, I was promoted to general manager for Regent Seven Seas Explorer.

☆ Capri names insider Cedric Wilmotte as CEO of Michael Kors
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Jan 23 (Reuters) - U.S. luxury group Capri Holdings Ltd (CPRI.N) on Monday named company veteran Cedric Wilmotte as the chief executive officer of its Michael Kors brand. Wilmotte, 48, who will take charge from April 3, recently served as the interim CEO of the group's Versace brand and is currently the label's chief operating officer. He previously led Michael Kors' EMEA (Europe, Middle East, Africa) business from 2008 to 2021. In March, Capri said the head of its Michael Kors brand, Joshua Schulman, who was set to become the group's top boss later in the year, would exit. Schulman was named Michael Kors' chief executive in August 2021.

☆ Jim Cramer's top 10 things to watch in the market Monday: Industrials, Salesforce activists, semis
▼ + stars: | 2023-01-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Another activist investor, Elliott Management, takes a big stake in Club holding Salesforce (CRM), according to media reports . Same upgrade for Club holding Advanced Micro Devices (AMD); PT increase to $85 from $70. Club holding Ford (F) will have to lower prices for Mustang Mach-E. Not much competition for F-150 Lightning EV pick-up. JPMorgan downgrades Levi Strauss (LEVI) to neutral from overweight (buy); cuts price target by $2 to $17 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Digital twins are set for rapid adoption in 2023
▼ + stars: | 2023-01-21 | by ( Bob Violino | ) www.cnbc.com time to read: +7 min

This avatar is a personalised, hyper-realistic, 3D, #seriezero digital twin that they can use to interact on digital platforms and in the metaverse. In life sciences, digital twins are being used to create twins of human organs, enabling new approaches to medical research and care, Diana said. "We are going to see digital twins adopted rapidly in 2023, in many different industries," Diana said. Digital twins are gaining momentum in adoption and sophistication as more organizations see positive outcomes from the early adopters, Barrington said. "As more twins of critical assets and processes come online, leaders will leverage digital twins to not only model and simulate their supply chain, but to optimize and automate a dynamic and intelligent supply chain model — all orchestrated by digital twins," Barrington said.

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

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