Hermès sees sales spike as luxury market rebounds from COVID-19

Hermès sees sales spike as luxury market rebounds from COVID-19

The Birkin bag continues to carry itself through even the hardest of economic times. Hermès, the French fashion house and maker of the Birkin handbag, proved it could thrive during the COVID-19 pandemic, generating a whopping $2.50 billion in sales …
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Blackstone Bets Billions on Reopening and Travel Revival

WATCH: “We've invested in a bunch of travel related businesses,” Gray said in an interview with Bloomberg.
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HCA reports $1.4B in profit in Q1, raises earnings guidance by $500M for 2021

HCA Healthcare raised its earnings guidance for 2021 by $500 million thanks to a stronger than expected first quarter and the delay of Medicare sequester cuts. HCA’s earnings report, released Thursday, shows …
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Toyota may offer a 300-hp Corolla hatchback in North America: report

While it’s all but a forgone conclusion that the spunky little GR Yaris won’t make the trek to our market, the rumour mill is churning with speculation an upcoming hot variant of the Corolla hatchback could deploy many of the same performance gubbins.
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Gensler taps Alex Oh as SEC enforcement chief

In his first major appointment, Securities and Exchange Commission Chairman Gary Gensler named Alex Oh director of the agency’s Division of Enforcement. Oh is a former assistant U.S. attorney in the criminal division …
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