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Forget Louis Vuitton and Hermès — this luxury brand is the status symbol for the world's richest people
Louis Vuitton and Hermès, who?<p>These iconic luxury brands may have a well-established prestige, but in the world of the elite, they've got nothing on Goyard.<p>The name of this two-century-old Parisian brand may not ring a bell the way other luxury fashion houses do, but Goyard's elusiveness is exactly …
Louis VuittonInvest in the Stock Market, Even if It Scares You
Bad news about the stock market can sound downright violent. Stock prices not only drop — they fall, dive, plunge, plummet and crash.<p>That can be a …
Stock MarketsAre you ready to start buying stocks individually? Ask a Fool
Buying individual stocks isn't for everyone.<p>Question: I want to start investing in stocks but wonder if I would be better off sticking to mutual funds. How can I tell if I'm ready?<p><i>Answer:</i> Warren Buffett has said that most investors are better off investing in low-cost index funds than buying …
InvestingThe man behind the official Leave campaign says Brexit is now a 'train wreck'
LONDON — The man who directed the official campaign to leave the European Union has described Brexit as a "train wreck" and suggested that Theresa May's government now "effectively has no credible policy and the whole world knows it."<p>In an open letter addressed to Conservative MPs and donors of the …
United KingdomSentiment Speaks: There Is A Lot Of Financial Pain Coming For The United States Of America
The bull market still has years to run.<p>Sentiment will turn everyone quite bullish in the early 2020's.<p>The market will then be setting up to head into …
Stock MarketsEverything Investors Got Wrong About the Trump Presidency, Explained
Trying to predict the President's impact on the financial markets is risky. Here's what you can do now.<p>Ever since President Trump came into office, …
InvestingTrump escalates attacks on FBI as he fights back against Russia inquiry
Donald Trump has dramatically escalated his attacks on the FBI’s investigation into Russian interference in the US election, and his fightback against the Department of Justice reached a turning point this week with aspects of the inquiry itself now being investigated.<p>The president’s growing …
Donald TrumpForeign Investors Shrug Off Miami's Rising Sea Levels
The seas are rising, frequently flooding the streets even when no storms are on the horizon. But that hasn't stopped foreign investors from shelling out big dollars for Miami real estate. Many are in it for the relatively short-term investment, then they'll try to sell before climate change takes …
Sea LevelAlibaba's futuristic supermarket in China is light-years ahead of the US, with 30-minute deliveries and facial recognition payment — and shows where Amazon will likely take Whole Foods
With a valuation over $500 billion, Chinese tech giant Alibaba is second only to Amazon in e-commerce. But it's going after the offline world to keep growing.<p>Long before Amazon purchased Whole Foods for $13.7 billion, Alibaba was forging into physical retail with investments in supermarket SunArt, …
eCommerceSupreme Court Decision Delivers Blow To Workers' Rights
<b>Updated at 7:08 p.m. ET</b><p>In a case involving the rights of tens of millions of private sector employees, the U.S. Supreme Court, by a 5-4 vote, delivered a major blow to workers, ruling for the first time that workers may not band together to challenge violations of federal labor laws.<p>Writing for the …
Class ActionSweden distributes 'be prepared for war' leaflet to all 4.8m homes
The Swedish government has begun sending all 4.8m of the country’s households a public information leaflet telling the population, for the first time in more than half a century, what to do in the event of a war.<p><i>Om krisen eller kriget kommer</i> (If crisis or war comes) explains how people can secure …
EuropeTexas Lt. Gov.: Need armed teachers, fewer school entrances
<b>Washington (CNN) —</b> Texas GOP Lt. Gov. Dan Patrick said after the nation's latest school shooting in Santa Fe, Texas, that teachers need guns, parents should secure firearms safely at home, and schools should eliminate some of their entrances.<p>"We need our teachers to be armed," Patrick said Sunday …
GunsHere are Prince Harry and Meghan Markle's new royal titles, and why she's not a princess
On Saturday morning, she woke up as Meghan Markle, American citizen. By midday Saturday, she was Her Royal Highness Meghan, Duchess of Sussex — still an American but on her way to becoming a new royal citizen of the United Kingdom.<p>On the morning of Prince Harry and Markle's wedding, his …
Prince HarryGoogle video reveals creepy concept for collecting vast quantities of user data
A recently surfaced Google video discusses a creepy concept for collecting vast quantities of user data that could span generations.<p>The video, which was obtained by The Verge, paints an unsettling picture of how data could theoretically be harnessed on an epic scale. The Verge reports that the …
Artificial IntelligenceEuro headed for fifth successive weekly decline as Italy concerns persist
LONDON (Reuters) - The euro was headed on Friday for its fifth successive weekly decline versus the dollar, in what would be a first for the currency since 2015, as political uncertainty in Italy continued to worry investors.<p>The euro has slumped six cents from more than $1.24 in the space of three …
EconomyHot Jobs, Bitcoin and How the Boomers Broke America
Here are your morning reads.<p>My end-of-week morning train reads:<p>The Store Is Not Dead (at Least for Now): Shops that would rather not shut down are adapting, resulting in a somewhat surprising retail renaissance (the Cut)<br>• What Do Tesla, Apple and SoftBank Have in Common? They’re All Hot for Lithium …
Wall StreetMorgan Stanley has identified 17 stocks that will pay off hugely over the next 3 years no matter what
If "buy and hold" is your strategy, Morgan Stanley has a few stocks for your consideration.<p>Equity analysts across industries recently published a list of quality stocks viewed as good to hold for a three-year period — through 2021, in this case.<p>Morgan Stanley's equity strategists have been sounding …
InvestingAs oil rises, warnings emerge from U.S. retailers
NEW YORK (Reuters) - Worries about rising oil prices have begun to creep into U.S. retailers' earnings calls, and investors are raising concerns that those costs may slow discretionary spending among Americans and push down the performance of the retailers' shares.<p>Oil prices climbed on Thursday to …
eCommerceHedge Fund Managers Shift Billions Over Carried Interest Concern
Late last year, some hedge fund managers raced to protect their personal fortunes from being carved up by the Republican tax law.<p>David Tepper, who …
FinanceFarm income could be lowest in 12 years, falls by more than half
MILWAUKEE — Farm income this year could be the lowest since 2006, a reflection of low commodity prices, exporting issues and in some places, lousy weather.<p>Nationwide, net farm income has fallen by more than half since 2013, and it’s expected to drop another 6.7% this year — to the lowest level …
AgricultureBreaking With Trump's GOP, Koch Brothers Praise Democrats On Immigration
The Koch brothers are going rogue.<p>For years the political network funded by billionaires Charles and David Koch funded politicians on the right, laying the foundation for the libertarian causes the two support. Their support has gone almost exclusively to Republican candidates, with rare …
ImmigrationPopulists’ rise to power in Italy sets perilous precedent for EU
Italy’s new government, likely to be formally confirmed within the next few days, sets a perilous precedent for Brussels: it marks the first time a founding member of the EU has been led by populist, anti-EU forces.<p>From the EU’s perspective, the coalition of the anti-establishment Five Star …
EuropeWill you work till 75 or beyond? 16% in America think they will
A growing number of U.S. adults plan to work longer. Here's what you need to know if you're one of them.<p>Though many seniors rush to file for Social Security at 62 and leave their jobs simultaneously, many wind up working well into their 60s. There are even those who aim to work until age 70 both to …
RetirementThe 9.9 Percent Is the New American Aristocracy
The class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem.<p>1.<p>For about a week every year in my childhood, I was a member of one of America’s fading aristocracies. Sometimes around Christmas, more often on the Fourth of July, my family would take up …
Income Inequality'Waiting for its Uber moment': America's biggest companies are shaking up the healthcare system
Healthcare's expensive. On a whole, the US spends $3 trillion on healthcare, twice as much as other developed nations, and has worse outcomes, with healthcare spending approaching 18% of the GDP.<p>And for many Americans, their employers are the ones picking up the tab. More than half of the …
Health CareAn investment chief at a trillion-dollar firm has a wake-up call for anyone who’s bullish
The Trump bump for the US economy may soon flatten.<p>Like many other investors, Northern Trust Wealth Management— which has $287 billion in assets under management — had taken the view that tax cuts and other policies would inject more fuel into the US economy. The firm oversees $1.2 trillion overall.<p>…
MarketsSomething Is Rotten at the Heart of the Euro
Curbing the common currency’s ambitions could save it.<p>It's Groundhog Day again for the euro.<p>It doesn't really matter whether talks in Italy between the Five Star Movement and the League still include plans to seek a write-off of 250 billion euros ($295 billion) of the nation's debts and secure an …
EuropeGOLDMAN SACHS: Buy these 13 stocks for their explosive sales growth as market-wide profits dry up
Heading into this past earnings season, analyst expectations were extremely lofty. And then something surprising happened: companies beat them anyway.<p>But the surprises didn't end there. Even as corporations handily exceeded forecasts, investors failed to reward them with stock gains commensurate to …
InvestingAmazon threatens to move jobs out of Seattle over new tax
Amazon has threatened to move jobs out of its hometown of Seattle after the city council introduced a new tax to try to address the homelessness crisis.<p>'Tax Amazon': Seattle passes plan for corporate wealth tax to fund housing<p>Read more<p>The world’s second-biggest company has warned that the “hostile” …
Jeff BezosWhat if Wall Street is waiting for the wrong disaster?
What if the entire world of money is preparing for the wrong disaster — which would be a disaster in and of itself?<p>Since the financial crisis Wall Street, central bank heads, economists and policymakers have been waiting for the return of inflation. At the beginning of this year they thought they …
Economics