Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"

Steve Cohen Tops Hedge Fund Rich List With $3.4 Billion Haul Steve Cohen spent last fall doing something few billionaire owners enjoy: apologizing. As the New York Mets staggered through a bruising 2025 campaign, he took to social media to tell fans he was sorry for the disappointment at Citi Field. Yet even as the baseball season fizzled, Cohen was clinching a very different kind of pennant, according to Bloomberg. The founder of Point72 Asset Management finished the year as the highest-paid hedge fund manager on Bloomberg’s annual ranking, pocketing an...

US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for negotiation. As of 8:00am ET, Nasdaq 100 futures advanced 2.1%, while those for the S&P 500 rose 1.3%. In the pre-market, Mag 7 are all higher...

Just because we don’t get invoices in the mail, doesn’t mean we don’t pay dearly for the empire’s senseless wars. Most of us Americans have been hammered our entire lives to pay for them. It was hoped that the long-train of disasters was coming to an end with the second Trump Administration. But alas, it […] The post War Isn’t Free … How The American People Pay Dearly For It appeared first on LewRockwell.