Month: September 2026

LVMH Loses France’s Top-Valuation Crown as Luxury Slump Deepens

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‼️ 🇫🇷 LVMH is set to lose its status as France’s most valuable company and fall out of Europe’s top 10 listed firms for the first time since 2017, underscoring the luxury group’s sharp reversal from its post-pandemic peak. Its shares dropped 2.5% on Tuesday, reducing its market value to about €201 billion ($232 billion) and leaving it just below L’Oréal.

Micron Faces Taiwan Strike Risk as Union Targets 15% Profit Share

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‼️ 🧠 🇹🇼 Micron Technology faces a potential strike at its Taiwan operations after the Taoyuan union said it may seek a strike vote if negotiations on Sept. 18 and 21 fail to produce a permanent employee profit-sharing plan. The union wants 15% of Micron’s operating profit distributed to workers globally, arguing that one-off bonuses lack transparency and long-term value. Any disruption could pose a meaningful risk as Taiwan is a key production hub for Micron’s DRAM and high-bandwidth memory chips, which are in high demand for AI infrastructure.

Iran War Cost Hits $33.4 Billion as Munitions Bill Tops $22 Billion

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‼️ 🇮🇷 🇺🇸 The Iran war had cost an estimated $33.4 billion as of June 29, according to the Pentagon Lead Inspector General’s report on Operation Epic Fury submitted to Congress. The total includes $22.3 billion in expended munitions, $7.4 billion in cumulative incremental OEF obligations and $3.7 billion in equipment losses, excluding infrastructure-repair costs.

Prabowo’s Economic Reset Signals Return to Policy Stability

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‼️ Investors view President Prabowo Subianto’s economic-team reshuffle as an acknowledgment of the costs of recent policies and a move toward more predictable policymaking. The replacement of Finance Minister Purbaya Yudhi Sadewa with Suahasil Nazara, following a sudden central-bank leadership change, is seen as an effort to stabilize Indonesia’s two key economic institutions and repair coordination between them after months of policy uncertainty.