Chinese consumer spending once powered luxury companies to all-time highs. With sluggish economic growth, the outlook for the sector might not be the same.
Luxury stocks may be a risky China stimulus bet
Categories:
Related Post
Google agrees to new $1 billion investment in AnthropicGoogle agrees to new $1 billion investment in Anthropic
Google has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a person familiar with the situation confirmed to CNBC.
Stephen A Smith claims Sheryl Swoopes was removed from broadcast due to personal feelings toward Caitlin ClarkStephen A Smith claims Sheryl Swoopes was removed from broadcast due to personal feelings toward Caitlin Clark
Caitlin Clark led the Indiana Fever to a 100-93 victory over the Dallas Wings on Sunday. Missing from the game was WNBA legend Sheryl Swoopes. Nancy Lieberman replaced Swoopes as
Dyson job cuts at headquarters leaves employees ‘in shock’Dyson job cuts at headquarters leaves employees ‘in shock’
Dyson has cut jobs at its Singapore headquarters, informing affected employees through meetings with HR. Described as a ‘surprise’, the layoffs have impacted the manufacturing and procurement departments. This comes