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Birkin Bag Maker Plunges Most Since 2010 As Soft China Demand Weighs On Leather Sales
Birkin Bag Maker Plunges Most Since 2010 As Soft China Demand Weighs On Leather Sales
Hermès shares in Paris suffered their steepest intraday decline in nearly 16 years after second-quarter leather goods sales missed estimates among analysts tracked by Bloomberg, reigniting concerns over the luxury group's large exposure to the Chinese market.
Second-quarter sales in the leather goods division rose 10.2% at constant exchange rates, missing the Bloomberg Consensus estimate of 10.7%. Overall revenue increased 6.7% to about 4.1 billion euros, slightly ahead of estimates, driven by 13.7% growth in the...
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Feb 27, 2026 / Max Blumenthal
NED Leader Cut off in Congress After Boasting of ‘Deploying’ 200 Starlinks to Iran amid Violence
Damon Wilson, the head of the National Endowment for Democracy (NED), was interrupted by a member of Congress during a House oversight hearing on February 24 after revealing that his agency “began supporting the deployment [and] operation of about 200 Starlinks early on” amid the violence which swept through Iran last month. Before he could […]
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May 25, 2026 / Tyler Durden
Trump Tells Arab States Joining Abraham Accords Should Be 'Mandatory' - Throws Open Door For Iran In Grand Deal
Trump Tells Arab States Joining Abraham Accords Should Be 'Mandatory' - Throws Open Door For Iran In Grand Deal
President Trump is still trying to play the role of the globe's ultimate deal-maker via Truth Social, using a mix of mandatory diplomacy and ultimate economic carrots, issuing a lengthy missive on Iran talks and the Abraham Accords on Monday morning.
He introduced the post by stating that negotiations with Tehran are "proceeding nicely" before dropping a provocative diplomatic bombshell: a demand that a big list of major Middle Eastern nations immediately...
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Jun 12, 2026 / Tyler Durden
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
Authored by Tsvetana Paraskova via OilPrice.com,
Oil traders are increasingly betting on lower prices, with short positions in Brent crude tripling since late March despite the loss of roughly 13 million bpd of supply from the Middle East.
Physical market fundamentals are tightening rapidly, as global inventories have fallen by about 250 million barrels and key storage hubs like Cushing are approaching critically low levels.
Analysts warn the market may be underestimating supply risks, with even a reopening of the Strait of...
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