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Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"
Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"
Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days."
Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, is not yet out of the woods and sent the Goldman Sachs EU Luxury...
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Jun 4, 2026 / Tyler Durden
BBC Sinks To A New Low...
BBC Sinks To A New Low...
Authored by Steve Watson via Modernity,
The BBC has once again demonstrated its role as a partisan propaganda machine rather than a neutral public broadcaster.
On its flagship evening news show Newsnight, presenter Matt Chorley repeatedly claimed Reform UK leader Nigel Farage called for a "white cold rage" in response to the murder of 18-year-old student Henry Nowak.
Yet Farage said no such thing. He called for "pure cold rage" - a measured, determined pushback against institutional failures and anti-white bias in policing and justice.
The BBC had...
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Jun 13, 2026 / Tyler Durden
Bitcoin & The Clash Of Two Inexorable Realities
Bitcoin & The Clash Of Two Inexorable Realities
Authored by Mark Jeftovic via BombThrower.com,
Two inexorable realities have come into sharpened focus over the last month or so.
Both are themes we have been exploring and monitoring – one, since practically the very beginning of this service, the other, over the last year or so.
The first is the unsustainable nature of the global monetary system: we are not unique in calling that out – it’s practically a trope and has been for a long time.
The other is the existential necessity to win the new...
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Jul 7, 2026 / Tyler Durden
'Apex Of Civilizational Ambition': Wall Street Bulls Pile In On SpaceX, Raymond James Street-High $800 Target
'Apex Of Civilizational Ambition': Wall Street Bulls Pile In On SpaceX, Raymond James Street-High $800 Target
A flurry of Wall Street analysts is turning incredibly bullish on SpaceX, with 12-month price targets ranging from Raymond James' $800 to Arete Research's $401 and Morgan Stanley's $300.
The average price target across 34 analysts tracked by Bloomberg now sits at around $236, implying massive upside from current levels of about $150 and reinforcing the view that analysts are beginning to value SpaceX less as a rocket company and more as a foundational AI,...
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