By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six [...]read moreKering warns profit to tumble following Gucci woes in China
The Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury, is sounding the alarm over challenges faced by elder financial exploitation (EFE). In a newly released trends report, FinCEN highlighted more than $27 billion worth of “suspicious activity” across more than 155,000 filings of Bank Secrecy Act (BSA) data with [...]read moreU.S. Treasury’s financial crimes network warns of elder exploitation
TURIN, Italy — Chinese car manufacturing in Italy could force some tough decisions for Stellantis including plant closures, the head of the Franco-Italian group, Italy’s sole major automaker, said. The Italian government has said it is talks with Tesla and Chinese automakers, including Chery Auto, to attract one of them to manufacture in Italy and [...]read moreChinese car plants in Italy could mean ‘unpopular decisions,’ Stellantis warns
The European Data Protection Supervisor (EDPS) has warned key planks of the bloc’s data protection and privacy regime are under attack from industry lobbyists and could face a critical reception from lawmakers in the next parliamentary mandate. “We have quite strong attacks on the principles themselves,” warned Wojciech Wiewiórowski, who heads the regulatory body that [...]read moreAs AI accelerates, Europe’s flagship privacy principles are under attack, warns EDPS
Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing. Join the movement at Inman Connect Las Vegas, July 30 – Aug. 1! Seize the moment to take charge of the next era in real estate. [...]read moreJPMorgan Chase CEO Warns Of Higher Rates, More Inflation
We’re going to guess you were not considering buying a 2023 Fisker Ocean SUV, even at the recent deeply discounted prices. However. On the microscopically remote chance you were considering acquiring an Ocean, Edmunds suggests you reconsider. In fact, the car-buying site doesn’t merely suggest, it headlines a piece on the battery-electric SUV it bought [...]read moreEdmunds bought a Fisker Ocean, warns others not to make the same mistake
Ginnie Mae this week issued a public notice to its issuer partners warning of an observation of higher prepayments in some of its mortgage-backed securities (MBS) programs, reminding issuers that a violation of its requirements could result in punitive action. In a prior All Participants Memorandum (APM) issued in December 2017, Ginnie Mae described how [...]read moreGinnie Mae warns issuer partners about faster prepayments
X is warning users they may see a reduction in their follower counts as the company attempts to clear the network of some spammers and bots in a large sweep. Via an announcement published by X’s Safety account, the company on Thursday will begin a “significant, proactive initiative” to eliminate accounts that violate X’s rules [...]read moreX warns that you might lose followers as it does another bot sweep
Xiaomi SU7 cars at a launch event in Beijing.Michael Zhang/Getty Images Xiaomi is warning EV customers could face a wait time of four to seven months, Reuters reported. The delays could be a sign of strong demand for the smartphone maker’s first-ever EV. Last week, Xiaomi launched the Speed Ultra 7 in a Beijing event. [...]read moreSmartphone maker Xiaomi warns of delays for its EV due to heavy demand
Play video content Bill Maher makes a super compelling case that pandering to racial groups is a sure way to lose elections … because all these identities in America are now blurred beyond recognition. The ‘Real Time’ host lasered in on Democrats who try to sell voters on what makes us different, and he says [...]read moreBill Maher Warns Democrats to Kill Identity Politics or Else They’ll Lose