Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem

Luxury brands are currently facing significant challenges amid a slowdown in consumer spending, particularly in key markets such as China. Kering, LVMH, and Hermès are preparing to release their second-quarter results, and analysts predict disappointing performances. LVMH may report a modest 3 percent growth, but this is a stark contrast to the high expectations set […]

Is It Time for Supreme to Sell Out?

Supreme’s business model, built on drops and scarcity, is at a critical juncture. The recent sale of the New York-based brand to French-Italian eyewear powerhouse EssilorLuxottica for $1.5 billion highlights its shifting landscape. This deal comes as a markdown from the $2.1 billion that US apparel group VF Corp. paid for Supreme in 2020. VF […]

OpenAI considers developing own AI chip with Broadcom

Innovating Tomorrow: OpenAI and Broadcom’s AI Chip Ambition In the competitive landscape of artificial intelligence, OpenAI is charting new territory by contemplating the development of its own AI chip. Partnering with semiconductor veteran Broadcom, this strategic move aims to bolster OpenAI’s technological capabilities and control over its hardware infrastructure. The AI industry’s exponential growth continuously […]

Judge dismisses most SEC claims against SolarWinds

In a significant legal development, a judge recently dismissed the majority of the U.S. Securities and Exchange Commission (SEC) claims against SolarWinds, the software company targeted in a notorious Russia-backed cyberattack in 2020. This ruling marks a substantial win for SolarWinds, which faced allegations of misleading investors about its cybersecurity practices. The SEC had accused […]

MUFG penalises CEO and executives with pay cuts

In a notable move, Mitsubishi UFJ Financial Group (MUFG) has announced salary cuts for its CEO and five other top executives. This decision comes in response to violations of “firewall” regulations designed to prevent conflicts of interest between different divisions within the bank. The proactive approach by MUFG highlights the firm’s commitment to governance and […]

Analysis of cyber failure of CrowdStrike and Microsoft

On 19th July 2024, a significant computer failure emerged globally, with the notorious ‘blue screen of death’ suddenly appearing on numerous Microsoft computers. This cyber fiasco triggered a cascade of failures across critical sectors, with Australian users particularly hard-hit. Banks and the operations of Qantas experienced immediate disruptions, paralyzing financial transactions and flight services. As […]

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