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Flexport Launches AI Tools to Tackle Tariffs
WSJ· 2025-10-14 16:00
Core Viewpoint - The new products are designed to assist importers in evaluating and adhering to the rapidly evolving U.S. trade policies [1] Group 1 - The products aim to provide tools for compliance with U.S. trade regulations [1]
LVMH Sales Pick Up In Ray of Light for Beleaguered Luxury Sector
WSJ· 2025-10-14 15:57
Core Insights - The owner of Louis Vuitton has reported an improvement in sales growth, indicating a potential turning point for the luxury sector after a prolonged slump in demand that has negatively impacted most high-end brands [1] Company Summary - Louis Vuitton's owner is experiencing a recovery in sales growth, which is a positive development for the luxury goods market [1] Industry Summary - The luxury sector may be reaching a turning point, suggesting that the prolonged decline in demand could be reversing, benefiting high-end brands [1]
EU Clears Boeing-Spirit Merger With Concessions
WSJ· 2025-10-14 15:14
Group 1 - The European Commission's merger regulator has approved Boeing's $4.7 billion acquisition of Spirit AeroSystems Holdings after the companies made concessions to address competition concerns [1]
LVMH Appoints Maria Grazia Chiuri as Fendi's Chief Creative Officer
WSJ· 2025-10-14 12:49
Core Viewpoint - The former Dior creative director is set to unveil her first collection in Milan next February [1] Group 1 - The designer's transition from Dior to her own brand marks a significant milestone in her career [1] - Milan is chosen as the venue for the debut collection, highlighting the city's importance in the fashion industry [1]
Citigroup's Profit Jumps, Boosted by Dealmaking and Trading
WSJ· 2025-10-14 12:20
Citigroup's profit jumped 16% in the third quarter, powered by a surge in dealmaking and trading revenue. ...
BetMGM Lifts Full-Year Guidance After Strong Growth in IGaming, Online Sports
WSJ· 2025-10-14 12:11
Core Insights - The sports-betting company has raised its full-year earnings guidance due to strong performance in its iGaming and online sports divisions [1] Company Performance - The company reported significant growth in its iGaming and online sports segments, contributing to the overall positive financial outlook [1]
Albertsons Raises Outlook, Expands Buyback as Digital Sales Grow
WSJ· 2025-10-14 12:09
Core Insights - Albertsons reported higher second-quarter revenue, indicating strong performance in the grocery sector [1] - The company plans to expand its share-repurchase program, reflecting confidence in its financial health and future growth [1] - Growth in digital sales has helped offset competitive concerns in the grocery market, showcasing a shift in consumer purchasing behavior [1] Financial Performance - The second-quarter revenue increase demonstrates resilience in the face of market competition [1] - The expansion of the share-repurchase program suggests a strategic move to enhance shareholder value [1] Market Dynamics - The competitive landscape in the grocery market remains challenging, but Albertsons' digital sales growth provides a buffer against these pressures [1]
Oracle, AMD Partner on New AI Chip Deal
WSJ· 2025-10-14 12:08
Tech companies extend their deal sprees for data-center deployments into 2027 and beyond ...