Tag Archives: luxury

[unable to retrieve full-text content]Silicon Valley luxury home market heats up amid AI boom  Yahoo Finance Source link

[unable to retrieve full-text content]Google quits on huge, longtime SF office in luxury location  SFGATE Source link

[unable to retrieve full-text content]Luxury housing market sees ‘steep’ deceleration: charts  Yahoo Finance Source link

The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year. The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in auto prices month over month, however it dropped a whopping 14.9% year over year, the largest annualized price decline ever in the 26-year history of the index. That being said, December’s index rating of 219.3 is still much higher than pre-pandemic levels, when the 2019… Source link

You can criticize New York Mets owner Steve Cohen’s approach. You can bemoan his seemingly unlimited budget and post a thread on Twitter about how this is “bad for the game.” But you can’t deny one thing: Cohen desperately wants to win. After signaling in March that he didn’t care about the luxury tax, Cohen has backed up that assertion this offseason. With the reported signing of Carlos Correa on Wednesday, the Mets’ offseason spending splurge jumped to an unfathomable $806.1 million. As a… Source link

For British luxury automaker Bentley (VOW.DE), 2022 may leave a strong 2021 in the dust. Through the first nine months of 2022, Bentley reported record operating profit of €575 million ($577,129,608), more than double the amount from a year ago. The previous full-year record high for operating profit was €389 million ($383,651,250.00). Revenue through the first nine months came in at €2.490 billion ($2,455,762,500.00), a jump of 28% from a year ago. For Bentley CEO Adrian Hallmark, the… Source link

A cloudy economic outlook isn’t fazing luxury watchmakers laser-focused on the American consumer. It’s why Carl F. Bucherer, a Swiss luxury watch manufacturer, is refocusing towards the U.S. market, particularly given the continued uncertainty in Asia, largely driven by COVID lockdowns in China. Bucherer recently released a line of colorful chronographs that retail for roughly $7,000. “The U.S. is on fire again,” Ron Stoll, president of Carl F. Bucherer North America, told Yahoo Finance at… Source link

Warriors owner Joe Lacob was fined $500,000 on Wednesday after he made comments criticizing the NBA’s current luxury tax system. (Thearon W. Henderson/Getty Images) The NBA fined Golden State Warriors owner Joe Lacob $500,000 on Wednesday for comments he made bashing the league’s current luxury tax system, according to ESPN’s Adrian Wojnarowski. Lacob said on a recent episode of the “Point Forward” podcast that the luxury tax is part of a “very unfair system.” Lacob was fined as the… Source link

If you think you are seeing more expensive cars on the road these days, the numbers actually say you are right. J.D. Power shared its latest data on new car sales market with Yahoo Finance, and there were some surprising details. (The data is preliminary for Q1 2022 as there were still a few days left in March, and J.D. Power had to forecast through the end of the month.) Tyson Jominy, vice president of data and analytics at J.D. Power, drilled down to discuss what’s happening in the exploding… Source link

The list of companies around the world cutting business ties with Russia continues to grow. British luxury brand Burberry (BURBY) became the latest to jump on the bandwagon after announcing it would be temporarily shutting down its three stores in Russia, including one located in Moscow’s famous Red Square. Burberry isn’t the first luxury brand to make this move: On Friday, Hermes (HESAY) announced it would temporarily close its stores in the country, saying it is “deeply concerned by the… Source link