Columbus, OH

China's economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world's top luxury brands. LVMH says its sales in Asia, which include China but not Japan, fell by 14% in the three months to the end of June, worsening from a 6% decline in the first quarter.

Luxury brands suffer as Chinese shoppers hold back

New York Post

Porsche fell more than 5% Tuesday after luxury car maker slashed future sales and profit outlook, citing an unexpected aluminum alloy supply shortage.

Flooding at an unspecified European contractor has hurt supply of aluminum alloy, affecting production of all its models and possibly leading to shutdowns for one or more vehicle series, the German company said.

“It is becoming apparent that the impending supply shortage will lead to impairments in production. These are expected to last several weeks and may possibly lead to production shutdowns of one or more vehicle series,” Porsche said in a statement.



Porsche debuts luxury electric sportscar that goes zero...

Porsche slips 5% after lowering profit outlook over alloy shortage

Business Insider

Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan booms.

It looks like the party's over for luxury goods in China

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Seattle, WA

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NewsByJoshua

Big news from the coffee world: Starbucks is closing its popular Alki Beach store in Seattle this summer, and local patrons are not taking it lightly. The closure, set for Sunday, August 11, has sparked a wave of outrage and a passionate petition to save the beloved café.

A major coffee chain is shutting down a key location in Washington

Lancaster County, PA

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Total Apex Sports & Entertainment

Kim Kardashian and Kanye West are two of the biggest celebrities in modern times. While much of the happenings between the two involved their marriage and divorce, there are bigger things for them to focus on. Most notably their children.

Kim Kardashian and Kanye West’s Son Diagnosed With Rare Skin Condition

Excitement surrounding stock splits has taken Wall Street by storm in 2024. July has been a busy month, with an international conglomerate, high-end retailer, and artificial intelligence (AI) networking solutions provider all executing forward splits. However, Wall Street's newest stock-split stock has a $24 billion market cap that's built atop...

Wall Street's Newest Stock-Split Stock Should Be Avoided Like the Plague -- and I'm Not Talking About Broadcom

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

PYMNTS

Consumer caution does not seem to be hurting the Coca-Cola Company. The food and beverage giant released earnings Tuesday (July 23) showing its organic revenues growing 15%, with management still acknowledging some signs of consumer hesitancy. Speaking to analysts on an earnings call, CEO James Quincey discussed consumer behavior during...

Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers

Over 24 hours after the deadliest landslide in Ethiopia's history claimed the lives of over 200 people, rescuers undergo a desperate search, using shovels and their bear hands to find survivors buried under the ground.

Locals continue hunt for survivors after landslide kills at least 229 in southern Ethiopia

Kentucky State

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Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Police in Greenland arrested prominent anti-whaling environmentalist Paul Watson under an international warrant issued by Japan, detaining him until August 15, authorities and his foundation said. His ship had just docked on Sunday in Nuuk to refuel on its way to "intercept" Japan's new whaling factory vessel in the North Pacific, the Captain Paul Watson Foundation (CPWF) said.

Anti-whaling activist Paul Watson arrested in Greenland on Japan warrant

Jacksonville, FL

Jacksonville Today

Our area might be the best place in the country to retreat to an island, judging from a survey released this week. Readers of Travel + Leisure magazine rated the Golden Isles in Georgia — consisting of Jekyll Island, Little St. Simons Island, Sea Island and St. Simons Island — as the best island in the continental U.S.

Two local islands rated the best in continental US

President Joe Biden exited the race on Sunday and endorsed Harris -- the first Black, South Asian and woman vice president in US history -- who vowed to win her party's nomination to take on Donald Trump in November. An online explosion of misogynistic and sexist narratives about Harris quickly...

'Sexist' falsehoods target Kamala Harris after Biden drops out

Austin, TX

Reuters

(Reuters) - Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco business.

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

Democrats rapidly coalesced around Vice President Kamala Harris on Monday as she raced to secure the party's nomination to take on Donald Trump in November in the wake of President Joe Biden's sensational exit. “The ranks are closing fast ... they (Democrats) are circling the wagons around Kamala Harris,” FRANCE 24’s Douglas Herbert said in an analysis.

Democratic ‘ranks are closing fast’ around VP Kamala Harris

The Associated Press

Asian stocks fell on Wednesday as markets digested Japanese and Australian business data, after U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. Japan’s benchmark Nikkei 225 slipped 1.1% to 39,154.85, with the Japanese yen trading at...

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

The Independent

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter.The Atlanta beverage giant said Monday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.Revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.Earnings fell 5% to 56 cents per share. Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast of 81 cents.

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

Redbox, the iconic movie rental company with over 34,000 locations nationwide, has announced the closure of its operations following its parent company's filing for Chapter 11 bankruptcy. This decision has left many of its loyal users saddened, marking the end of an era for physical media enthusiasts.

A rental company with 34,000 locations has closed its doors

NewsBreak

French luxury giant LVMH half-year net profit drops 14%

The drop in profit to 7.26 billion euros ($7.88 billion) was accompanied by a one-percent dip in sales to 41.68 billion euros by the group whose...

French luxury giant LVMH half-year net profit drops 14%

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