Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. All of her siblings also work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. Delphine Arnault…

Walmart will close a Bay Area store later this month, as well as a Neighborhood Market in Milwaukee, Wisconsin, bringing the number of confirmed closures so far this year to eight.Layoff notices filed with the state of Wisconsin and California follow the closures earlier this year of four stores in…

By Tom WestbrookSINGAPORE (Reuters) – Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. MSCI’s broadest index of Asia-Pacific shares outside Japan…

Oregon’s 3rd congressional district Representative Earl Blumenauer has recently made several adjustments to his spouse’s retirement portfolio. The transactions include both purchases and sales of various stocks, ranging in value from $1,001 to $50,000.Blumenauer sold partial stakes in Blackstone Inc. (NYSE:), Caterpillar , Inc. (NYSE:NYSE:), and Embraer S.A. (NYSE:ERJ), each…

POLITICS

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House Speaker Mike Johnson continues to oversee one of the narrowest House majorities in history, leaving little margin for error as he navigates his conference and faces threats to his leadership. Republicans control 217 seats while Democrats control 213 after Democratic Rep. Tim Kennedy of New York was sworn in Monday evening. There are currently five vacant seats. That breakdown leaves Republicans with a one-vote margin, which means they can only afford one defection from within their conference to still pass legislation on a party-line when all members are present and voting. A tie vote in the House is a…

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Investing

At just 6 times free cash flow, the stock may be bottoming By Jordan Sauer Summary British American Tobacco has a $16.5 billion hidden asset. The company trades at just 6 times free cash flow. A recession-resistant product and a 10% dividend yield make BTI a valuable investment as risks…