LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.ReutersThe ultra-rich owners of the world’s leading luxury brands took a hit to their fortunes on Tuesday.Declines in LVMH and Kering shares cut the value of Bernard Arnault and François Pinault’s stakes.Luxury stocks slumped after China’s economic planners failed to detail their stimulus measures.The billionaires behind some of the world’s most iconic fashion brands took a blow to their fortunes on Tuesday as disappointed investors dumped luxury stocks.Bernard Arnault, the founder and CEO of LVMH Moët Hennessy Louis Vuitton, owns nearly 49% of Dior and…
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Most investable assets and strategies tend to cluster into two broad groups: productive and scarce. This is an important concept for the asset-owner-level portfolio construction and asset allocation process, since productive assets and scarce assets tend to have, respectively, concave and convex profiles with respect to the major risk factors. Practitioners who are aware of the concave and convex nature of productive and scarce assets and strategies can better hedge their risks in deflationary, and — especially — inflationary crises. We suggest that portfolios including both productive and scarce assets can deliver performance similar to the S&P 500 with less…
EDEN PRAIRIE, Minn.–(BUSINESS WIRE)–C.H. Robinson Worldwide, Inc. (C.H. Robinson) (Nasdaq: CHRW), announced today that it will issue its third quarter 2024 results after the market closes on Wednesday, October 30, 2024. The company will hold a conference call from 5:00 pm – 6:00 pm Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community. Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com. To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. An audio replay will be…
Key TakeawaysPalantir Technologies shares surged on Tuesday after Ark Capital said software companies could have more room to benefit from the AI boom.A managing director from Ark indicated that data analytics and software firms like Palantir are poised to take AI market share from the mega-capitalization tech giants.Palantir shares are up more than 140% year-to-date after Tuesday’s gains.Shares of data analytics software firm Palantir Technologies (PLTR) were Tuesday’s biggest gainers in the S&P 500 after after asset management firm Ark Invest spotlighted software as an area with more room to benefit from artificial intelligence (AI) trends.In an interview with CNBC,…
SAN MATEO, Calif., Oct. 8, 2024 /PRNewswire/ — Talphera, Inc. (Nasdaq: TLPH), (“Talphera”), a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in medically supervised settings, today announced that management will participate in a fireside chat at the 2024 Maxim Healthcare Virtual Summit and will be available for 1×1 meetings with registered investors. The summit is being held on October 15-17, 2024. Event: 2024 Maxim Healthcare Virtual Summit Date: October 16, 2024 Time: 3:00 PM ET / 12:00 Noon PT Webcast link: 2024 Maxim Healthcare Virtual Summit About Talphera, Inc.Talphera,…
From Columbus, Ohio to Nashville to Phoenix, voters in at least 18 cities and states will decide on transit funding measures this November. (Governing) Donald Trump is crusading against electric vehicles on the campaign trail. (CBT News) Arguing that bike lanes reduce congestion for drivers is the wrong way to frame the issue, Strong Towns says. Boston, for example, recognizes that bike lanes help everyone through their safety, environmental and economic impact (Commonwealth Beacon). Uber and Lyft are fighting a San Francisco ballot initiative known as Proposition L that would tax ride-hailing companies to fund struggling transit agencies. (Fast Company)…
The Triumph Scrambler 1200 XE is a formidable contender in its segment, boasting premium components, ample power, and a timeless aesthetic. However, for those seeking a more personalized touch, custom bike workshops like Tamarit Motorcycles offer a solution. Renowned for their expertise in transforming Triumph modern classics, Tamarit has crafted numerous stunning 1200 XEs, including the Big Bertha. While the modifications may appear subtle, they enhance the bike’s visual appeal significantly. Triumph Scrambler 1200 XE (Tamarit Motorcycles) Preserving the bike’s original high quality Ohlins suspension and Brembo brakes, Tamarit focused on aesthetic enhancements. A custom made rear fender with an…
EUGENE, Ore. – Oregon Pacific Bank has announced the appointment of Lance Rudge as the new Executive Vice President and Chief Operating Officer (COO). With over 20 years of industry experience, Rudge is expected to enhance the bank’s operational efficiency and customer service as it grows to meet the changing needs of its clientele. Ron Green, President and CEO of Oregon Pacific Bank, welcomed Rudge’s addition to the team, citing his operational expertise and strategic vision as crucial for the bank’s mission to provide superior service and support community development. Rudge’s leadership comes at a time when the bank is…
Max and Erica, the dynamic duo behind Droog Moto, have crafted a stunning Hyper Fighter Horizonte based on a Kawasaki Z900. Their signature style, characterized by angular designs and meticulous attention to detail, is evident in this unique build. The Z900’s OEM bodywork has been completely stripped, and replaced with a custom made, boxy fuel tank and a flat rectangular headlight assembly. The rear end features a short loop style subframe, encased in metal plating and equipped with an integrated LED taillight. The cockpit boasts a new handlebar kit, adjustable levers, and bar-end turn signals, while the original TFT dash…
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton.Chris O’Meara | APAirlines canceled hundreds of flights, theme parks prepared to close and cruise lines shifted routes as Floridians braced for Hurricane Milton’s landfall.The Category 4 storm has top sustained winds near 145 mph and is expected to strike Florida’s west coast on Wednesday, according to the National Oceanic and Atmospheric Administration. More than 50 Florida counties are under a state of emergency.Tampa International Airport suspended operations at 9 a.m.…