Author: theparknews

We recently published a list of the top 12 luxury stocks by hedge funds. In this article, we’ll take a look at how Carnival Corporation (NYSE:CCL) stands compared to other luxury stocks according to hedge funds. According to a report by Mordor Intelligence, the luxury goods market will be valued at $103.1 billion in 2024. It is expected to grow at a compound annual growth rate (CAGR) of 7.07% and reach $145.08 billion by 2029. The luxury packaging market is valued at $17.2 billion in 2023, according to a public financial analysis by Global Market Insights on Yahoo! It is…

Welcome to Sunday’s edition of last week’s top stories. I hope you are enjoying some well-deserved rest. Or if you have a bunch of unwanted gifts that need to be returned in person this weekend. Please do your best in the queue at the store.. I’m going to skip Dispatch today and take a little break, so let’s get straight to this week’s reading. Today’s topic: If you were forwarded this, please sign up here. Download the Insider app here. Alison Robert Poole/Getty Images; Chelsea Jiafen/BI The world’s richest man’s private jet flew for the most part in 2024. BI…

(Bloomberg) — U.S. economic strength dampens expectations for a Fed rate-cutting cycle, as President-elect Donald Trump’s threat of tough tariffs underpins bullish views on the dollar. The dollar is heading for its best year in nearly a decade. Most Read Articles on Bloomberg The Bloomberg Dollar Spot Index has risen more than 7% year-to-date, its biggest gain since 2015. All developed countries’ currencies weakened against the dollar as other central banks had to support regional economies. “The main pillar supporting the dollar this year is the strength of the economy,” said Skylar Montgomery Corning, foreign exchange strategist at Barclays. “This…

WASHINGTON (AP) – The number of Americans applying for unemployment benefits was flat last week, but continuing claims rose to a three-year high. The Labor Department reported Thursday that unemployment claims for the week ending Dec. 21 fell by 1,000 to 219,000. This is lower than the 223,000 expected by analysts. Applications continue to be filed, and the total number of Americans receiving unemployment benefits rose by 46,000 to 1.91 million in the week of December 14. This exceeded analysts’ expectations and was the highest since the week of November 13, 2021, when the labor market was still recovering. In…

Benzinga and Yahoo Finance LLC may earn commissions or revenue from some items through the links below. Michael Jordan’s legendary Chicago-area mansion has been used as the real estate equivalent of a never-ending shot clock. This property, which had been unsold for over 10 years, has finally found a buyer. Public records confirm that the home sold for $9.5 million and the deal closed. That’s a far cry from the $29 million price it was originally listed for in 2012. In the world of luxury real estate, this is what we call severe price declines. Don’t miss: By 2015, the…

Santa rally begins on Wall Street: Stocks rise, Tesla soars, Bitcoin hits $98,000 Wall Street got off to a strong start to the Santa Rally season, with all major indexes and sectors closing higher in abbreviated trading ahead of the Christmas holiday. The S&P 500 rose 1%, extending gains for the third straight session following last week’s volatile Federal Reserve meeting. The Dow Jones Industrial Average rose 0.9%, and the tech-heavy Nasdaq 100 rose 1.3%, nearly erasing last week’s losses. The gains were led by consumer discretionary stocks, which have been the best performers this year amid light trading volumes.…

(Bloomberg) — Bond traders have rarely been hit so hard by the Federal Reserve’s easing cycle. They now fear more of the same will happen in 2025. Most Read Articles on Bloomberg U.S. 10-year Treasury yields have risen more than three-quarters of a percentage point since central bankers began lowering benchmark interest rates in September. This was a counterintuitive and loss-inducing reaction, marking the biggest increase in the first three months of a rate cut cycle since 1989. Last week, the 10-year Treasury yield rose as policymakers led by Chairman Jerome Powell signaled they were prepared to significantly slow the…

Cryptocurrencies are on the rise and luxury retailers are also taking notice. Top luxury brands are considering accepting Bitcoin and similar digital payment methods for their products, according to Reuters. Maisons are quick to react to trends in the style realm, but changing the way they operate their business usually takes time. But the rapidly increasing value of cryptocurrencies, combined with a desire to reach new affluent customers with sufficient disposable income amid the luxury goods downturn, could change that. . Robb Report Details LVMH’s Hublot and Tag Heuer, Kering’s Gucci and Balenciaga have also dabbled in crypto payments in…

(Bloomberg) — First, there was a currency collapse. Now, other Brazilian financial markets are also in the crosshairs as investors lose confidence in the government’s ability to contain the deepening fiscal crisis. Most Read Articles on Bloomberg The selloff that has brought the real to record lows has engulfed everything from stocks to local-currency bonds to dollar bonds, with traders even rushing to hedge against sovereign default. Market watchers say the extraordinary measures announced by the central bank on Tuesday to halt the currency’s slide are only temporary measures, and moves by lawmakers to water down high-profile austerity measures are…

In many ways, measuring the impact of the Federal Reserve’s interest rate cuts is like predicting when the ice will thaw. We know something is happening, but it takes time and there isn’t much of note. The Fed cut short-term interest rates twice this fall, including a large half-point discount to kick off the low-rate season in September. Market participants widely expect the Fed to cut rates by another 45th at its Dec. 18 meeting. So what are the results? When it comes to money, like checking accounts, savings accounts, CDs, mortgages, and other loans, you often need fractions to…