Business

LVMH and other luxury companies still benefit from the US market

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🚀 Discover this trending post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Company News,News 💡 Key idea: Key takeaways Despite the move toward value-seeking in the United States, Americans helped boost sales at LVMH Moët Hennessy, the luxury goods group said.Research shows that wealthy Americans spend more freely than others and play a large role in the economy. Americans have not lost their love of luxury goods. While retailers and consumer goods companies say Americans are particularly value-focused these days, high-end brands like Tiffany and Bulgari are building momentum in the United States. LVMH Moët…

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Bunge shares rise as Trump wants to ban cooking oil in China; Progressive dives

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🔥 Check out this must-read post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Markets News,News ✅ Key idea: Key takeaways Shares of agricultural companies rose on Wednesday, October 10, 2025, as Trump considered punitive measures against China's cooking oil trading, while a weak earnings report weighed on the insurance giant.Shares of Bunge, the world's largest oilseed processor, rose after President Trump threatened to ban US purchases of Chinese cooking oil.Progressive stocks fell after the insurance company's quarterly earnings fell short of expectations. Shares of the large grain processor rose as cooking oil became the latest…

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The magic number your savings should hit now

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🚀 Check out this trending post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Personal Finance News,News 💡 Here’s what you’ll learn: Key takeaways With the inflation rate at 2.9%, your savings lose value if their income is less than this rate. Fortunately, you can move your money into one of the best high-yield savings accounts, which pay returns between 4% and 5%, allowing your money to grow instead of shrink. With more interest rate cuts expected from the Fed, locking in a national top CD rate soon could help you beat inflation for months or…

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Medicare open enrollment begins today. Here are 4 things you need to know

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🚀 Check out this trending post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Personal Finance News,News ✅ Here’s what you’ll learn: Key takeaways Medicare open enrollment begins Wednesday and is available through December 7.During that period, Medicare beneficiaries can evaluate their coverage options, and there are some things they should consider when making decisions. Open enrollment for Medicare health and drug plans begins Wednesday, and most older Americans will notice that Medicare plan prices and coverage for 2026 have changed. Medicare enrollment is open until December 7. During this time, Medicare enrollees can switch between…

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Fed beige book report finds stalling job market

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✨ Explore this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Economic News,News ✅ Key idea: Key takeaways Hiring remains sluggish as businesses face headwinds from tariffs, according to the Federal Reserve's latest Beige Book report on the economy.The report said tariffs push prices higher, adding upward pressure on inflation.The Beige Book is one of the few economic reports released by the government during the ongoing lockdown. The US economy remains stuck in low employment rates and low job firing rates, according to the Federal Reserve's Beige Book report.Although there was no hard data…

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A major bank is raising its monthly fees, here’s how to avoid paying more

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🔥 Check out this must-read post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Personal Finance News,News ✅ Key idea: Key takeaways Wells Fargo is raising its checking account fee to $15 in November, while new waiver rules will take effect this month.Most options for avoiding fees will remain the same, but the minimum balance to be exempt from fees will increase from $500 to $1,500.If you can't easily avoid fees, it may be worth switching to a bank that offers free checking, high-yield savings options, or checking rewards. The full article continues below these offers…

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Wells Fargo and Pfizer executives warn that the United States could lose out to China if there is no innovation

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🚀 Check out this awesome post from Business News 📖 📂 Category: ✅ Key idea: Albert Bourla, CEO of Pfizer, Charlie Scharf, CEO of Wells Fargo & Company, and Cathy Warden, Chairman and CEO of Northrop Grumman, speak during the Investing in America Forum on October 15, 2025.Aaron Kalamaj | CNBCWells Fargo CEO Charlie Scharf W Pfizer CEO Albert Bourla sounded the alarm on Wednesday about the United States potentially losing competitiveness to China, but said artificial intelligence could help America maintain its leadership.Speaking at CNBC's inaugural Invest in America Forum in Washington, D.C., the two executives said that although…

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The return of US manufacturing is real and good for business

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🚀 Read this awesome post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: Walmart US CEO John Furner speaks to CNBC's Sarah Eisen during the Invest in America Forum on October 15, 2025.Aaron Kalamaj | CNBCManufacturing is seeing renewed interest from US companies Walmart It is among the major companies that publicly confirm its commitment to local production. At CNBC's inaugural Invest in America forum, John Furner, Walmart's US CEO, said the company is increasing its investments in American-made products and suppliers, calling it part of a long-term strategic priority. "Investing in American manufacturing and operations, certainly,…

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United Airlines (UAL) Q3 2025 earnings

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💥 Explore this awesome post from Business News 📖 📂 Category: 📌 Here’s what you’ll learn: A United Airlines Boeing 737-MAX 8 departs from San Diego International Airport en route to New York on August 24, 2024.Kevin Carter | Getty ImagesUnited Airlines On Wednesday, it forecast higher-than-expected fourth-quarter earnings after a rocky start to 2025.The carrier expects to earn between $3 and $3.50 per share during the final three months of the year, compared to analyst estimates of $2.86 per share.United is expanding its flying capacity, while its rivals have scaled back some of their growth plans after a glut…

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JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people

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💥 Explore this trending post from Business News 📖 📂 Category: ✅ Main takeaway: Jamie Dimon, CEO of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the International Monetary Fund and World Bank in Washington, DC, US, on Thursday, October 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesThe era of artificial intelligence has begun on Wall Street and its impact on workers.Major banks including JPMorgan Chase and Goldman Sachs They unveil plans to reimagine their business around artificial intelligence, the technology that allows mass production of cognitive work.That means that even…

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