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Berkshire Hathaway Vice Chairman Charlie Munger dead at 99
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November 28, 2023November 28, 2023Investing, Personal Finance

Charlie Munger, investing sage and Warren Buffett’s confidant, dies

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Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died Tuesday, according to a press release from Berkshire Hathaway. The conglomerate said it was advised by members of Munger’s family that he peacefully died this morning at...

How the slowdown in US luxury spending is affecting LVMH's earnings
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July 27, 2023July 27, 2023Earnings

LVMH says luxury customers not shopping as much

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Luxury behemoth LVMH on Tuesday reported a surprising drop in U.S. sales in the second quarter, as its chief financial officer said “aspirational customers are not shopping as much as they used to.” LVMH’s U.S. sales slid 1% in the second quarter from the prior-year period. The disappointing results in the U.S. market came after...