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Hermes snubs luxury resale market
August 10, 2022August 4, 2022 wmservernet

Hermes snubs luxury resale market

Business

Birkin bag maker Hermes (HRMS.PA) is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its

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U.S. consumer spending beats expectations in June; inflation accelerates
August 9, 2022August 4, 2022 wmservernet

U.S. consumer spending beats expectations in June; inflation accelerates

Business

U.S. consumer spending increased more than expected in June as Americans paid more for goods and services, with monthly inflation surging by the most since

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Spanish banks weigh impact of windfall tax, consider legal challenge
August 8, 2022August 4, 2022 wmservernet

Spanish banks weigh impact of windfall tax, consider legal challenge

Business

BBVA (BBVA.MC) and Caixabank (CABK.MC) on Friday said they were looking at the potential impact of a proposed tax on banks in Spain and exploring

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Ray-Ban maker EssilorLuxottica sees Americas sales growth slow
August 7, 2022August 4, 2022 wmservernet

Ray-Ban maker EssilorLuxottica sees Americas sales growth slow

Business

Ray-Ban parent EssilorLuxottica (ESLX.PA) saw sales growth slow in North America in its latest quarter, raising concerns about its exposure to recession in the United

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Carmaker BYD to recall more Tang DM hybrids in China over battery faults
August 6, 2022August 4, 2022 wmservernet

Carmaker BYD to recall more Tang DM hybrids in China over battery faults

Business

Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the

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Amazon, Apple raise hopes as investors brace for slowdown
August 5, 2022August 4, 2022 wmservernet

Amazon, Apple raise hopes as investors brace for slowdown

Business

Apple (AAPL.O) and Amazon (AMZN.O) added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability

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U.S. consumer inflation expectations ease in July, UMich says
August 4, 2022 wmservernet

U.S. consumer inflation expectations ease in July, UMich says

Business

U.S. consumers lowered their views of where inflation is headed in July, a closely watched survey showed on Friday, a downshift in expectations that will

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