Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
LVMH announced Friday that it will partner with Robyn Rihanna Fenty to create a new luxury fashion house under the label "Fenty."
This would put Fenty under the same umbrella as LVMH's other luxury fashion houses including Louis Vuitton, Christian Dior, Fendi and Givenchy.
LVMH said the Paris-based brand will launch its first line this spring. That line will feature ready to wear items developed by Rihanna, who becomes the first woman to launch an original brand at LVMH. She is also the first woman of color to head one of the group's houses.
Rihanna said in a statement that the opportunity to design a line with LVMH is "an incredibly special moment."
"Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn't imagine a better partner both creatively and business-wise, and I'm ready for the world to see what we have built together," Rihanna said in a statement referring to Bernard Arnault, chairman and CEO of LVMH.
LVMH has recently made efforts to be more inclusive on issues of gender and race, appointing the first female designers of Givenchy and Dior in 2017 and 2016, respectively.
Since her debut as a pop star, Rihanna has turned heads at red carpet events and is seen as a fashion icon. She has since leveraged that influence into successful partnerships with brands like Mac Cosmetics and Puma.
"Everybody knows Rihanna as a wonderful singer, but through our partnership at Fenty Beauty, I discovered a true entrepreneur, a real CEO and a terrific leader," Arnault said in a statement.
Rihanna previously partnered with LVMH in 2017 to create her beauty brand "Fenty Beauty," which operates out of San Francisco. She also has her own lingerie brand, Savage x Fenty. These brands were lauded for their inclusivity in both promotional materials and product offerings.
With her own house in LVMH, Rihanna is now part of a luxury products group with a market valuation of more than $190 billion.