LVMH Moet Hennessy Louis Vuitton has seen falling sales from Asian and American tourists who have been driven away from Europe due to recent terrorism events, but the retailer is still seeing strong results from its Hennessy cognac products in China, its Sephora stores and Louis Vuitton customers in the US.
Restaurant spending could be headed for a decline, which would be a signal of a likely recession, said Paul Westra, an analyst at Stifel Financial. "Restaurants have historically led the market lower during the three- to six-month periods prior to the start of the prior three US recessions," said Westra.
Students need to engage in thoughtful analysis of the news, writes author and consultant Frank Baker. In this blog post, he discusses his work with the National Council for the Social Studies and the Position Statement on Media Literacy, and offers ideas for how to help students evaluate what they see in the media.
Disappointed by performance, investors pulled $20.7 billion out of hedge funds in June, one of the biggest monthly outflows since research firm eVestment started tracking the data in 2009. Stock funds took the biggest hit, while investors put $1.2 billion into commodity-related funds.
Whole Foods Market has filed an application to trademark the slogan "world's healthiest grocery store." The retailer trademarked the slogan "America's healthiest grocery store" in 2012, but Whole Foods is looking to update the slogan as the company plans to further its presence in Canada and the UK.
Researchers found that up to 1.65 million women of childbearing age in Central and Latin America could be at risk of being infected by the Zika virus in the first phase of the epidemic, and may put tens of thousands of infants at risk of developing Zika-related birth defects. The findings in Nature Microbiology, based on an enhanced Zika outbreak model, also predicted that Brazil may have a threefold higher infection total, compared with other affected countries.
Google's Converted Clicks is falling by the wayside to be succeeded by Conversions as one of several updates to AdWords. And in another upgrade, Google is tapping machine learning for its new Smart Bidding for AdWords and DoubleClick Search with the goal of allowing companies to determine the best possible bid for their campaigns and portfolios.
Under Armour will take over the former FAO Schwarz Fifth Avenue flagship in New York to open its own 53,000-square-foot flagship there in about two years, CEO Kevin Plank said. The athletic wear retailer will also start selling its wares at Kohl's stores next year, after Sports Authority's bankruptcy caused Under Armour to lower its revenue forecast.
Bellabeat has unveiled its next-generation, leaf-shaped health tracker and mobile app aimed at helping women monitor sleep, activity, stress and more. Dubbed the "Leaf Urban," the gadget is designed to be aesthetically pleasing and can be worn as a bracelet or a brooch or strung as a pendant on a necklace.
Janssen's Darzalex, or daratumumab, has been granted breakthrough therapy designation by the FDA for use in combination with Revlimid, or lenalidomide, and dexamethasone, and Velcade, or bortezomib, and dexamethasone for the treatment of multiple myeloma patients who have received at least one previous therapy. The designation was based on data from two late-stage studies.
Apple Music was the high bidder for a "Carpool Karaoke" series based on the segments aired on CBS' "The Late Late Show with James Corden." The series will be produced by Ben Winston and James Corden for CBS TV Studios and is part of Apple's strategy to bring more original video content to its Music service.
A 50-acre parking lot near Nashville, Tenn., could become home to an environmentally savvy mixed-use development that includes a futuristic parking garage designed for self-parking cars. Having occupants exit vehicles at a building's drop-off zone means parking spaces could be narrower and farther away.
Nordex has agreed to provide a 243-megawatt wind farm with 81 AW125/3000 turbines, according to the company. Nordex said its AW3000 series continues to see success in the state with other recent orders for projects owned by Acciona, IKEA and Capital Dynamic.
JetBlue Airways generated net income of $180 million in the second quarter, an 18.5% increase over 2015. Revenues jumped to $1.6 billion for the period, a 2% increase. JetBlue CEO Robin Hayes said the carrier will build off yet another great quarter by continuing to grow its transcontinental market with the Mint premium service. "Mint has surpassed our expectations on every customer and financial measure," Hayes said.
San Francisco has lots of attractions for parents, children and toddlers to explore. The Exploratorium has fun-filled exhibits for little ones, Musée Mécanique offers vintage arcade games for kids and AT&T Park is perfect for adults to enjoy a Giants baseball game.