Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta's Mark Zuckerberg.

WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.

RELATED: Live coverage: Donald Trump's inauguration day Among the high-profile attendees were SpaceX and Tesla CEO ... Mukesh Ambani and LVMH CEO Bernard Arnault, making it a rare congregation ...

He’s someone Trump really looks up to and wants to make happy,” a source said of LVMH CEO Bernard Arnault, the wealthiest man in France.

The ceremony in the US Capitol underscored the president’s deepening ties to titans of industry and the shifting stances of those who previously scorned him.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

Arnault announced that world-famous jewelers Tiffany & Co will be laying off or “promoting outwards” underperforming workers.

French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.

Stage one landing like deploy. Stage one landing confirmed. And back shut down. SpaceX successfully sent 21 more Starlink satellites to low-Earth orbit with a launch from Central Florida's Space ...

SpaceX is preparing to launch a Falcon 9 rocket on Monday with Starlink internet-beaming satellites from Cape Canaveral, Florida. The four-hour launch window opens at 2:21 p.m. ET, according to ...

Jan. 27 (UPI) --SpaceX launched its next round of Starlink satellites into lower Earth orbit on Monday afternoon from the Cape Canaveral Space Force Station in Florida. It marked SpaceX's 12th ...