Hermès will give staffers a $4,700 bonus as sales and revenue jump

Hermès employees will receive a 4,500 euro bonus in 2025. Hermès employees are cashing in on the company’s success. On Friday, Hermès presented its 2024 financial report that showed better-than-expected sales. (B-17 converted the euros to dollars based on currency rates as of Friday.) The French luxury group said that sales reached 4 billion euros…

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A group fighting the fentanyl crisis says Trump’s tariffs could make the problem worse

Harm reduction advocates say that President Donald Trump’s tariffs could actually make drug overdoses spike. President Donald Trump introduced tariffs on Mexico and Canada as part of an effort to fight drug trafficking, but a harm reduction advocate says that stopping the regular flow of drugs could make overdoses spike. Trump announced on February 1…

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DeepSeek keeps boosting Chinese tech stocks. Goldman Sachs says this upswing could be different.

Hong Kong’s stock market has been on a AI-fueled tech rally recently. Chinese artificial intelligence startup DeepSeek keeps setting the country’s tech stocks on fire. Hong Kong’s Hang Seng Tech Index is about 25% higher so far this year, underscoring the strong gains for Chinese tech firms. Meanwhile, the broader Hang Seng Index is about…

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European defense stocks surge as investors bet Trump’s Ukraine stance will push up military spending

Shares in aerospace, defense, and information security firm BAE Systems jumped close to 7% on Monday. European defense stocks are surging as investors bet on increased military spending amid uncertainty over the future of the war in Ukraine and pressure from the Trump administration. Shares in London-based aerospace, defense, and information security firm BAE Systems…

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Trump is not happy delays to the new Air Force One — and toured a Boeing 747 to make the point

Donald Trump cut a cake adorned with a model of the next Air Force One at his inaugural ball. President Donald Trump is again pressuring Boeing to ensure it promptly delivers the next Air Force One. On Saturday, he toured a Boeing plane to “check out the new hardware/technology,” Steven Cheung, the White House communications…

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