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Swatch Group revenues miss analysts’ estimates – CPP-LUXURY

Swatch Group failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands including Omega and Longines disappointed and a strong Swiss franc weighed down results.  The Swiss based company reported revenue of 7.9 billion Swiss francs ($9.1 billion) for 2023, missing an analyst consensus estimate of 8 billion francs….

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3 Threats to a Strong Labor Market

The labor market may be returning to pre-pandemic conditions, Goldman Sachs found. Still, hiring rates are down and unemployment levels are expected to rise slightly. GS economists write the unemployment rate could rise above 4%, while the pace of hiring may fall. Thanks for signing up! Access your favorite topics in a personalized feed while…

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