World’s richest woman loses $7 billion on L’Oreal’s worst day since 2008
L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.
L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.
Disney’s latest earnings report left Wall Street “incredibly encouraged” after the entertainment king projected its best annual profit since 2018.
Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.
With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.
Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.
The company is attempting to sell most of its remaining stock of Yeezy footwear at cost, instead of writing it off.
The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.
GLP-1 injectable drugs like Ozempic and Wegovy made up a significant portion of the company’s annual sales.
Tesla shares dropped around 2% in after-hours trading following the ruling.
The China Evergrande Group has US$300-billion in liabilities and was put into liquidation by a Hong Kong judge yesterday. Once the largest property developer in China, the fate of Evergrande is expected to impact Australian exports.