Author: News Room

Two Californians sued luxury retailer Hermès over its sales practices for the iconic Birkin bag.The plaintiffs said Hermès unlawfully ties the purchase of Birkin bags to buying other products.One of the plaintiffs spent tens of thousands at Hermès and was told she couldn’t buy another Birkin. Birkin bags, long a status symbol for the wealthy, are so difficult to purchase that a pair of Californians just sued the company over its sales practices.Forty years after Hermès introduced its iconic leather handbag, consumers still scheme about how to purchase enough luxury goods from the French retailer that a salesperson will sell…

By Leika Kihara, Takahiko Wada and Mariko Katsumura TOKYO (Reuters) – The Bank of Japan’s strategy for an orderly exit from years of massive stimulus unraveled on an overcast day in December when Governor Kazuo Ueda and two deputies gathered at the bank’s Tokyo headquarters. Inflation was slowing more than expected, complicating the central bank’s plan to end negative interest rates by March or April and then follow quickly with further increases. The officials considered two alternatives. The first option was to wait for signs of economic improvement and then go ahead as planned. The second was to end negative…

By Mimosa Spencer PARIS (Reuters) -Kering’s shares slumped on Wednesday after the French luxury goods company warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia. Kering (EPA:) shares were down by around 13 percent in early session trading, dragging down the stock prices of other leading luxury goods companies such as LVMH and Hermes. The warning underscores the challenge Kering faces as it seeks to reignite sales momentum at Gucci, which accounts for half of group sales and two-thirds of profit, while navigating economic headwinds in key markets -…

Gold prices rose in India on Wednesday, according to data from India’s Multi Commodity Exchange (MCX). Gold price stood at 65,478 Indian Rupees (INR) per 10 grams, up INR 200 compared with the INR 65,278 it cost on Tuesday. As for futures contracts, Gold prices increased to INR 65,610 per 10 gms from INR 65,538 per 10 gms. Prices for Silver futures contracts decreased to INR 75,150 per kg from INR 75,287 per kg. Major Indian city Gold Price Ahmedabad 67,800 Mumbai 67,620 New Delhi 67,705 Chennai 67,770 Kolkata 67,775   Global Market Movers: Comex Gold price awaits Fed rate-cut cues…

When it comes to discussing digital currencies, Bitcoin has become incredibly popular among investors. And at the same time, the platforms that allow you to transact Bitcoin. Such a platform is Cash App. Cash App, a popular payment app, lets you buy, sell, and hold Bitcoin. Verifying your Bitcoin on Cash App is crucial for secure and legitimate transactions. That’s why, in this guide, we’ll walk you through the steps to verify your Bitcoin on Cash App, making sure your transactions are safe and smooth. What Does It Mean to Verify Bitcoin on Cash App? In general, verifying Bitcoin on…

Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions.The rare profit warning forecasts overall group revenues to drop 10% in the first three months of 2024 on a comparable basis, setting the fashion house apart from other luxury lines LVMH and Hermes, which have remained resilient in the face of economic headwinds.Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines with it. Shares of LVMH, Christian Dior and Hermes…

Hedge fund founder John Paulson is hosting a high-dollar fundraiser next month to benefit Donald Trump’s presidential campaign that is drawing some of the Republican Party’s wealthiest donors, according to an invitation obtained by CNN. The April 6 event, slated to be held in Palm Beach, Florida, is a sign that some ultra-rich GOP figures who remained on the sidelines during the primary season – or backed other candidates – are coalescing behind the former president, now that he is the party’s presumptive nominee and scrambles to catch up with President Joe Biden and Democrats in the funding race. “I…

Today is not only Wordle Wednesday, it is officially the first full day of spring. If you go by the equinox, winter ended Tuesday evening so the first day of spring was yesterday. But today is the first full day, and I expect the gods of sunshine and butterflies to warm us with their fuzzy glow. Because yesterday looked like the dead of winter around these parts. So happy spring! Happy new season! A part of me thinks we should have more than four official seasons, however. Early spring and late autumn both lay heavily in the shadow of winter.…

People in China are having fewer babies — so much so that many hospitals in the country have stopped delivery services altogether, according to state-owned The Paper in a Monday report.It’s unclear exactly how many hospitals have shut their obstetrics department or halted newborn delivery services in the last year. And hospitals are continuing to shut down obstetrics departments this year.Hospitals that have shut obstetrics departments this year include the Fifth People’s Hospital of Ganzhou City in the southeastern province of Jiangxi and the Jiangshan Hospital of Traditional Medicine in the eastern province of Zhejiang.The Jiangxi hospital said in its…

The owner of a Lamborghini yacht threatened a private dock employee, per CBS8.The employee said Ajay Thakore mooned and threw cash at him after being told he couldn’t use the dock.Thakore, the CEO of Doctor Multimedia, issued an apology through his public relations team. The owner of a $3.4 million Lamborghini yacht threatened a private dock employee after being told he couldn’t be there, the San Diego-based broadcaster CBS8 reported on March 11.Joseph Holt, a 21-year-old employee at Marriot Marina in San Diego, told CBS8 that he spotted the yacht sailing into the private dock. The owner, whom CBS8 identified…