Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.

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.

Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.

European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.

Han Youngsoo chronicled the postwar transformation of mid-century Seoul, complicating popular depictions of that era as one solely of deprivation and hardship.

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She turned down a high-profile offer from Goldman Sachs, faced a life-changing cancer diagnosis, and still built a thriving $82M startup. Stephany Kirkpatrick’s story is about bold decisions, resilience,

Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.

Wall Street was heading for more gains before the open on Friday as markets try to log their first winning week of 2025 on the final day of trading during

On the geopolitical front, Dimon said the bank continues to face uncertainty as wars rage in Ukraine and the Middle East, and new governments could be taking over in France, Germany and Canada. Other potential headwinds come from increased military spending, fiscal deficits and infrastructure needs.

Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul other U.S. capital rules, according to industry executives.

Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.