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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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Feb 25, 2026 / Tyler Durden
Trump Talks Economy, Immigration, Taxes, And AI In State Of The Union Address
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Update (2320ET): While predicted to be '2 or 3 hours,' President Trump's State of the Union was just 109 minutes - though it was still the longest on record since at least 1964. Trump emphasized border security, energy production, and tax policies while throwing Democrats under the bus over the economy and unchecked illegal immigration.
Trump declared the "Golden Age of America" and stated that the state of the union is "strong," tying themes to the nation's upcoming 250th anniversary.
Key Economic...
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NASA Awards Next 2 Private Astronaut Missions To International Space Station
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Authored by T.J. Muscaro via The Epoch Times (emphasis ours),
NASA has awarded its next two private astronaut missions to the International Space Station (ISS) in as many weeks, marking a further expansion of the private sector in low Earth orbit and continuing Administrator Jared Isaacman’s intention to make the most use of the orbiting outpost.
In this image from video, the 11 International Space Station crew members representing Expedition 70 (red shirts) and Axiom Space 3 (dark blue suits) crews...
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Apr 10, 2026 / Tyler Durden
FCC Set To "Supercharge" Starlink Space Internet With "Seven-Fold More Capacity"
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Federal Communications Commission Chairman Brendan Carr wrote on X that the agency will vote late this month on an order aimed at "supercharging" internet access by scrapping outdated power limits on satellite broadband, unlocking faster speeds, greater capacity, and more reliable service.
On April 30, the FCC will vote on "Modernizing Spectrum Sharing for Satellite Broadband," which would "promote efficient spectrum sharing between geostationary and non-geostationary satellite systems" and, in the FCC's own words, would "unlock more than $32 billion...
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