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Hermès leapfrogs LVMH to become Europe’s most valuable luxury company after the Louis Vuitton owner reported downbeat results

Hermès overtook rival luxury purveyor LVMH after the Bernard Arnault-run company reported a lackluster start to 2025 with a drop in sales.  Hermès’ market capitalization eclipsed LVMH’s on Tuesday morning by around €210 million, making the Birkin bag maker the most valuable luxury company in Europe, and on France’s CAC40 index. As of 11.30 a.m. … Read more

Mira Murati’s reported $2 billion ‘seed’ funding suggests the AI boom is alive and well, even after a week of economic chaos

With the markets in freefall and few exits to be found, it seems impossible right now to scrounge together $2 billion. Unless, perhaps, you’re Mira Murati.  Murati, the former CTO of OpenAI, started her Thinking Machines Lab shortly after leaving OpenAI last fall, and the fundraising process for the company has been followed with horse … Read more

Ja Morant again pulls off gun celebration despite reported warning, investigation

Earlier this week, Ja Morant pulled out a gun celebration, and it was reported that he was given a warning by the NBA after an investigation. Well, he didn’t quite get the message, as he did the celebration again on Thursday. After hitting a three-pointer, Morant motioned his arms to that of a large gun. … Read more

March Madness: Reported Atlanta shooting near arena puts man in ICU

Atlanta Police are investigating a shooting near State Farm Arena during Friday’s March Madness Sweet 16 game between Michigan State and Ole Miss, according to FOX 5 Atlanta.  The victim is reportedly in intensive care.  The shooting happened just a few minutes before tipoff and left a 42-year-old man from Charlotte, North Carolina, hospitalized.  CLICK … Read more

$46m in Coinbase user scams reported this month: ZachXBT

Blockchain analyst ZachXBT has reported that over $46 million in suspected scams targeting Coinbase users occurred in March. These scams and losses include a single $34.9 million Bitcoin theft. The analyst shared details on Telegram, identifying multiple transactions linked to stolen funds, which were bridged from Bitcoin (BTC) to Ethereum (ETH) and converted into DAI … Read more

Russia’s fallen giant Gazprom selling off luxury properties as group swings to reported $12.9 billion loss

Gazprom is looking at every avenue to cut costs, including its portfolio of luxury hotels, after the group fell to its second successive year of losses as Russia’s war with Ukraine continues to hammer energy exports. The group’s net losses on Russian Accounting Standards (RAS) hit 1.076 trillion roubles ($12.89 billion) last year, largely attributable … Read more

Wentworth School in Maine reopened following reported respiratory illnesses

Eleven third- and fourth-grade students were taken to the hospital on Thursday as a precautionary measure after reporting “respiratory distress,” despite the fact that investigators could not determine a possible cause of illness. More than 100 students at Wentworth School in Scarborough, Maine, were assembled on risers on the school’s cafeteria stage practicing for an … Read more

Reported global Microsoft outage leaves tens of thousands unable to access email and other apps

A Microsoft store in New York, US, on Friday, Oct. 25, 2024.  Jeenah Moon | Bloomberg | Getty Images Tens of thousands of users were unable to access various Microsoft programs on Saturday afternoon. “We’re investigating an issue in which users may be unable to access Outlook features and services,” Microsoft 365 Status, the official … Read more

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