Sat, Jan 2, 2021 10:24 AM
India’s 2021 China policy can’t be forged from hot words alone
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Treasuries slid as investors focused on signs of sticky price pressures in a reading of first-quarter US economic growth data, further dimming the outlook for the pace of Federal Reserve rate cuts to come this year. While growth for the quarter was softer than most economists predicted, another hot reading of underlying inflation — and a softer-than-expected amount of weekly jobless claims.
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Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of one of its best-known handbags to more than €10,000 ($10,725).The fashion label, known for its haute couture designs and fragrances, takes account of inflation and its high standards for materials and craftsmanship in setting prices, CEO Leena Nair told Bloomberg’s Francine Lacqua in a Leaders.
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Roblox (NYSE: RBLX) is coming off a strong year for its interactive content platform. Daily active users hit new highs, and revenue grew 30% year over year in the fourth quarter of 2023. However, there remains skepticism around the company's ability to sustain high growth and monetize the content on its free-to-use platform.But this could be a great buying opportunity.
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