Opening Bell: 3.27.24

dealbreaker.com Robinhood launches Gold Card with rewards for member investors [Yahoo!]The card (currently waitlist-only) is reserved for members of Robinhood Gold…. The Robinhood Gold Card…

Elon Musk Slips From Richest Person Ranking After Losing Billions In Recent Months: Who's Now Richer?

benzinga.com Basically: Elon Musk, the CEO of Tesla TSLA and owner of X.com, previously Twitter, held the title of richest person in the world when Tesla's stock was at all-time highs.…

Stock market today: Tesla shares tumble ahead of earnings report

newsweek.com Markets in Asia and Europe were mostly higher on Tuesday, and U.S. futures were up after a rally across major stock market indexes on Monday. It was a promising start to a…

FTC sues to block luxury fashion merger of Tapestry and Capri Holdings

washingtonpost.com The Federal Trade Commission filed a lawsuit Monday to block the $8.5 billion merger of luxury fashion conglomerates Tapestry and Capri Holdings, a union that regulators say…

In a ‘Succession’-style move, even more of LVMH CEO Bernard Arnault’s kids are nabbing pivotal roles, while their Gen Z brother faces big test

aol.com World’s richest man Bernard Arnault, CEO of luxury conglomerate LVMH, just keeps adding his children to the company board, harkening back to the moves of media titan Logan…

90-year-old designer Giorgio Armani has kept his legacy alive

aol.com For decades, Giorgio Armani has been keen to keep a tight grip on his eponymous fashion company. But now, the nearly 90-year-old Italian mogul is keeping his options open…

Swiss Watch Exports Crash In China & Hong Kong

zerohedge.com Swiss Watch Exports Crash In China & Hong Kong Fears of a luxury slowdown are materializing. New data from the Federation of the Swiss Watch Industry shows that exports of…

Mark Zuckerberg overtakes Elon Musk as the world's 3rd-richest person as their companies' stocks go in opposite directions

finance.yahoo.com None Mark Zuckerberg has overtaken Elon Musk as the world's third-richest person, with a $175 billion fortune. • None Zuckerberg has gained $47 billion in wealth this year…

Two sons of world’s richest man Bernard Arnault join him on board of LVMH

theguardian.com Two sons of the world’s richest man, Bernard Arnault, have joined the board of LVMH after a shareholder vote, further cementing the family’s control of the French luxury…

Who Is Bernard Arnault? The LVMH founder is the richest man in the world

aol.com None Bernard Arnault is the world's richest man. He has a net worth of $221 billion, per Bloomberg. • None He controls the massive luxury conglomerate LVMH, and his children…

Luxury tycoon Bernard Arnault just put 2 more of his nepo baby kids on the LVMH board

aol.com None LVMH boss Bernard Arnault is currently the world's richest person. • None Arnault has five children — and they all work across LVMH and its brands. • None On Thursday,…

The world's richest person just put 2 more of his kids on the board of his $430 billion company

businessinsider.com Four of Bernard Arnault's five children now sit on LVMH's board. Edward Berthelot/Getty Images Bernard Arnault has appointed two more of his children to LVMH's board.…

Tesla will ask shareholders to vote again on Elon Musk's mammoth $47 billion pay package months after it was voided in court

aol.com None Elon Musk's mega pay packet will be taken back to Tesla shareholders for another vote. • None The $47 billion package, first approved in 2018, was voided by a Delaware…

Elon Musk's wealth has crashed by $160 billion from its peak as Tesla's problems pile up

aol.com None Tesla shares have tumbled 62% from their peak as investors gear up for a growth slowdown. • None The stock drop has fueled an estimated $160 billion decline in Elon…

LVMH’s first-quarter sales growth slows along with demand for handbags

scmp.com The pace of growth was the slowest for a first quarter since 2016 – excluding 2020, when Covid-19 lockdowns shut down economies worldwide. Analysts surveyed by Bloomberg had…

Many family firms lack heirs. Unrelated help is at hand

economist.com Handing over a family business to the next generation can be a dramatic process. If the company is big and progeny bountiful, the intrigue is followed with zeal by both the…

Elon Musk will charge new X users a fee for posting, tweet suggests

forbes.com.au X owner Elon Musk suggested new users on the social network formerly known as Twitter will need to pay a small fee to use basic functions on the platform—a change he says is…

Potential Tesla buyers steer clear as Musk's reputation plunges

euronews.com Elon Musk's increasingly controversial reputation has led to a steep drop in the number of customers considering buying a Tesla. Possible US Tesla customers are now…

Tesla 'Layoffs' Spell Bad News for Elon Musk

newsweek.com Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist…

These Are Asia's Richest Billionaires

zerohedge.com These Are Asia's Richest Billionaires As of the start of April, Mukesh Ambani (66) is the richest man in Asia, with a net worth of $116.1 billion, according to Forbes’…

In-N-Out's billionaire heiress started out working kitchen shifts at the chain when she was a teenager because she didn't want 'special treatment'

businessinsider.com Billionaire In-N-Out Burger heiress Lynsi Snyder. BTV/In-N-Out Lynsi Snyder, whose grandparents founded In-N-Out Burger, started working at the chain as an associate.…