We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

Creative freedom, it turns out, is a very wise investment.

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ShareAuthorities in the United States have auctioned a luxury wristwatch and a necklace seized from Abidemi Rufai, a former Ogun State official who served a jail term in the United States of America.

Based on his plea agreement with the prosecution, Abidemi Rufai agreed to pay defrauded agencies full restitution of $604,260.

Higher rates are dimming hopes for a recovery in the sluggish housing market. The central bank expects to be the first among major monetary authorities to unwind pandemic-era asset purchases. Consumers powered through concerns about high inflation and the U.S. job market for a 4% lift in holiday retail sales.

Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.

Political challenges stand in the way of the president-elect pulling off what the hedge fund manager called “the biggest deal he’s ever done.”

US shares and bond prices held on to their inflation-inspired gains from the previous session on Thursday as traders digested data showing a small increase

Dior, LVMH, Kering and Hermes among the luxury goods companies to advance after Cartier owner Richemont posted strong quarterly earnings

Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher. European and Asian indices gained after Wednesday's Wall Street rally.

Big banks, such as Bank of America, are far more complex. They touch almost every aspect of the economy, including personal and business banking, mortgages, student loans, commercial real estate, and the financial markets. Banks can be very lucrative when the economy is firing on all cylinders, and people and businesses borrow a lot.