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LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity
LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity
LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict.
LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis,...
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Jun 22, 2026 / Dave DeCamp
US Treasury Department Issues Waiver for Iranian Oil Sales Amid Switzerland Talks
US Treasury Secretary Scott Bessent announced on Monday that the US was issuing a temporary license to allow the sale of Iranian oil amid ongoing talks between the US and Iran in Switzerland in line with the Memorandum of Understanding aimed at ending the conflict between the two nations. “In line with the ongoing productive […]
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Mar 22, 2026 / Tyler Durden
More Than 5,500 Residents Ordered To Evacuate In Hawaii Over Dodgy Dam
More Than 5,500 Residents Ordered To Evacuate In Hawaii Over Dodgy Dam
Authored by T.J. Muscaro via The Epoch Times (emphasis ours),
More than 5,500 people on Hawaii’s most populous island have been ordered to evacuate on March 20 as weather conditions continue to worsen and threaten the integrity of a 120-year-old dam.
Map of the evacuation zone in response to the risk of a dam failure amid torrential rains on Oahu, Hawaii, on March 20, 2026. Screenshot/Hawaii Emergency Management Agency
That island, Oahu, which is home to the capital, Honolulu, is forecast...
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Jul 22, 2026 / Dave DeCamp
Yemeni Forces Attack Two Saudi Oil Tankers in Red Sea
Yemeni forces have launched attacks on two Saudi oil tankers in the Red Sea as part of the enforcement of the new maritime blockade on Saudi Arabia, according to an announcement from Yahya Saree, the spokesman for the military wing of Ansar Allah, also known as the Houthis. “The Yemeni Armed Forces carried out a […]
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