LVMH Q1 sales miss expectations as luxury recovery is put on pause amid Middle East war

LVMH Q1 sales miss expectations as luxury recovery is put on pause amid Middle East war

A Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. Benoit Tessier | Reuters Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday as…

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Europe cheers Orbán defeat – but Hungary’s future remains contested

Europe cheers Orbán defeat – but Hungary’s future remains contested

U.S. President Donald Trump welcomes Russian President Vladimir Putin to Joint Base Elmendorf-Richardson on August 15, 2025 in Anchorage, Alaska. Contributor | Getty Images News | Getty Images The ousting of Hungary’s conservative nationalist leader Viktor Orbán is being hailed as a victory for liberal democracy and the European Union. The leaders of Poland, France…

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Treasury yields up as collapse of Iran talks clouds inflation outlook

Treasury yields up as collapse of Iran talks clouds inflation outlook

Treasury yields edged higher on Monday as the breakdown of negotiations between Iran and the U.S. clouded the inflation outlook once again. The yield on the 10-year U.S. Treasury note — the benchmark for government borrowing — was up more than 1 basis point at 4.333%. The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate…

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