Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in net worth in 2022 while LVMH stock is off roughly 6.58% during the same time period. It hasn’t been enough to keep him from taking the top spot, though, given that Musk’s net worth has plummeted… Source link
Read More »St. Louis Fed President James Bullard speaks with Yahoo Finance [Transcript]
James Bullard, president of the Federal Reserve Bank of St. Louis, joined Yahoo Finance to discuss his outlook on inflation and the central bank’s response. Below is a transcript of his appearance, aired live on May 11. – BRIAN CHEUNG: I am joined here live on Yahoo Finance in an exclusive conversation with St. Louis Fed President James Bullard. Obviously the Federal Reserve very much in focus so it’s great to have you on the program President Bullard. How are you? JAMES BULLARD: Very good,… Source link
Read More »St. Louis Fed President James Bullard speaks with Yahoo Finance [Transcript]
James Bullard, president of the Federal Reserve Bank of St. Louis, spoke with Yahoo Finance to discuss inflation risks and what lies ahead for Fed policy. Below is a transcript of his appearance on May 24, 2021. – AKIKO FUJITA: President Bullard, it’s good to talk to you today. When you look back at the more recent economic data, it really did feel like the CPI number that came out a few weeks ago kind of spooked the market. We’ve also seen what was really a disappointing jobs number back in… Source link
Read More »Yandex: 3Q Earnings Snapshot | St. Louis business news
SCHIPHOL, Netherlands (AP) — Yandex NV (YNDX) on Wednesday reported third-quarter net income of $278 million. The Schiphol, Netherlands-based company said it had net income of 77 cents per share. Earnings, adjusted for non-recurring gains, came to 27 cents per share. The Russian search engine posted revenue of $732.1 million in the period. Yandex shares have increased 37% since the beginning of the year. The stock has risen 77% in the last 12 months. Copyright by Automated Insights, Inc. All… Source link
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