UK economy posts sharpest monthly decline on record…

U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures began to hammer economic activity in the country.It represents the biggest monthly fall since the…

Costco Posts an Earnings Beat Thanks to Strong…

When Costco Wholesale Corp. (NASDAQ: COST) reported its fiscal third-quarter earnings after the market closed on Thursday, investors were looking for updates on the subject of comparable-store sales, the scheduled cardmember price increase, and the…

Luxury market pins hopes on millennials as industry…

The global personal luxury goods market shrank by around one percent in 2016, marking the first year of negative growth for the industry since 2009, according to research released Monday by consultancy Bain & Company.Yet…