logo
Hermes Heir's Ex-Adviser Dies as $16 Billion Legal Fight Endures

Hermes Heir's Ex-Adviser Dies as $16 Billion Legal Fight Endures

Bloomberg24-07-2025
The former adviser to an Hermès heir has died as a longstanding mystery over the whereabouts of company shares worth some €14 billion ($16 billion) remains unsolved.
Eric Freymond worked for 24 years as a wealth manager to Hermès descendant Nicolas Puech before their relationship soured, leading to a court case in Geneva. The wealthy octogenarian Puech alleged that Freymond had played a role in the disappearance of some 6 million shares in Hermès International SCA that he had inherited.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NVDA: Nvidia Smashes New Records as Microsoft, Meta Ramp Up Spending
NVDA: Nvidia Smashes New Records as Microsoft, Meta Ramp Up Spending

Yahoo

time21 minutes ago

  • Yahoo

NVDA: Nvidia Smashes New Records as Microsoft, Meta Ramp Up Spending

July 31 - NVIDIA (NVDA, Financial) hits a new all-time high after climbing about 2% on Thursday morning. Investors see its GPUs as the go-to for AI model training. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Microsoft (MSFT, Financial) reinforced that view by reporting fourth-quarter capital expenditures of $24 billion, well above the $21.4 billion analysts expected. Meta Platforms (META, Financial) also boosted its 2025 capex floor to $66 billion-$72 billion from $64 billion-$72 billion, signaling continued AI hardware spending. Those hefty budgets point straight back to NVIDIA's processors, with demand for its H100 and A100 chips surging in cloud data centers. A new European project, Stargate Norway, a partnership of OpenAI, Nscale and Akerplans to deploy 100,000 NVIDIA GPUs in Narvik by end-2026, running AI workloads on renewable energy. Rival chipmakers felt the lift too: Advanced Micro Devices (AMD, Financial) inched up about 2%, while Broadcom (AVGO, Financial) added 1% before the opening bell. With AI investments accelerating, NVIDIA's rally underscores its central role in powering next-gen computing. Based on the one year price targets offered by 53 analysts, the average target price for NVIDIA Corp is $184.95 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies a upside of +3.17% from the current price of $179.27. Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp in one year is $280.31, suggesting a upside of +56.36% from the current price of $179.27. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Zambuki Unveils New St. Petersburg Office to Revolutionize Local SEO Services
Zambuki Unveils New St. Petersburg Office to Revolutionize Local SEO Services

Yahoo

time32 minutes ago

  • Yahoo

Zambuki Unveils New St. Petersburg Office to Revolutionize Local SEO Services

Saint Petersburg, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Zambuki has opened a new office in St. Petersburg as part of its growth plan to bring specialized SEO services to the area. This move highlights the company's aim to boost local businesses by improving their online visibility through expert search engine optimization techniques. The decision to expand to St. Petersburg comes from the rising demand for SEO services in the region. Zambuki's new office will put a strong focus on Zambuki SEO St Pete strategies, helping local businesses enhance their online presence. By doing this, the company plans to assist local enterprises in reaching their preferred audiences and strengthening their digital presence. The goal is to support the business community in St. Pete, allowing them to thrive and succeed on digital platforms. "Opening a new office in St. Petersburg is an exciting step for Zambuki," said Alex, a representative of the company. "We are eager to bring our specialized knowledge of SEO to local businesses here. It's about more than just improving rankings; it's about helping businesses connect with their customers in meaningful ways." The new St. Pete location is set to provide customized SEO solutions that cater to the unique needs of the local market. Services offered will include everything from optimizing keywords to providing detailed analytics and reports. This comprehensive approach aims to enhance search engine rankings and grow organic traffic for the businesses involved. Zambuki is dedicated to keeping up with the latest trends and algorithms in search engine rankings. This ongoing learning reflects the company's commitment to providing leading-edge SEO services to its clients. By maintaining high standards, Zambuki aims to establish itself as a front-runner in the digital marketing scene in St. Petersburg. Besides serving local businesses, Zambuki is also planning to connect with the St. Petersburg community through various initiatives. The company intends to host workshops and seminars that cover best practices in digital marketing, offering business owners valuable educational resources. These efforts aim to build a community of skilled business professionals who can confidently navigate the challenges of digital marketing. Alex further commented, "We see tremendous potential in the St. Pete market and are committed to making a positive impact. Our ultimate goal is to help our clients achieve success through strategic and well-executed SEO practices." The new Zambuki office is not only about expanding geographically; it represents a chance for the company to forge new bonds and enhance existing relationships within the St. Petersburg business community. The company looks forward to contributing to the local economy while providing outstanding SEO services that deliver measurable results. As Zambuki grows, the company remains focused on empowering businesses with effective digital marketing solutions. Opening the St. Petersburg office marks an exciting new phase for Zambuki, and the company is eager to explore the opportunities that this lively market has to offer. ### For more information about Zambuki, contact the company here:ZambukiAlex7273302080support@ 1st Ave N #1613St. Petersburg, FL 33701 CONTACT: AlexSign in to access your portfolio

Bad news flurry, IPO market, crypto dive: Market takeaways
Bad news flurry, IPO market, crypto dive: Market takeaways

Yahoo

timean hour ago

  • Yahoo

Bad news flurry, IPO market, crypto dive: Market takeaways

Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton goes over the main themes from the trading day: the flurry of bad news with tariffs and jobs data, the return of the initial public offering (IPO) market with Figma's (FIG) public debut, and crypto's risk-market dive. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. Related videos Europe's most expensive city revealed, as living costs near £3,500 per month Britain's gas imports surge as Miliband abandons North Sea How much do you need in an ISA to target a £5,000 monthly passive income? My Legal & General shares are suddenly being shorted! Should I worry? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store