Justin Emerson
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Hermès, all-risk insurance?
French luxury house Hermès is a totally paradoxical stock. All analysts praise the group's qualities, but many find it hard to justify a positive opinion given its extraordinary stock market valuation. The historical P/E is around 45 times, compared with 26 times for LVMH, 19 times for the luxury goods sector and 14 times for the European large-cap market.
May 28, 2024 at 04:53 am EDT
US Dollar / Japanese Yen (USD/JPY) : Japan burns billions to revive the yen
The strengthening of the dollar against the yen became unsustainable for the Japanese authorities, who were forced to intervene on the foreign exchange market. A major operation was obviously carried out on May 1, enabling the USD/JPY pair to rise from 160.216 to 152.986. Following speculation, the rate recovered to 155.2 JPY to 1 USD on May 2.
May 02, 2024 at 09:46 am EDT
How does Elon Musk's compensation compare with that of other CEOs?
Tesla's attempt to seek a new shareholder vote on its CEO Elon Musk's record-breaking compensation, overturned by a Delaware judge in January, has once again put the spotlight on American corporate executive pay.
April 19, 2024 at 05:13 am EDT
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