7 results

• MoneyRich people can get richer while luxury brands still sell less.Citi credit-card data showed U.S. luxury purchases down 6% year over year in September, even as top-end wealth remained resilient. The reason is that wealth, confidence, value perception and willingness to spend are not the same thing.
• CultureFashion still says autumn. The weather increasingly does not.Paris Fashion Week reached 28°C as retailers were trying to sell coats and knitwear. Longer, hotter summers are creating a basic mismatch between the traditional fashion calendar and the weather customers actually experience.
• TechBig Tech does not want to buy every AI chip from the same shelf.Nvidia remains the center of the AI-computing boom, but cloud companies are also designing custom silicon for specific workloads. Marvell’s rising forecasts show how valuable that second market is becoming.
• CultureHollywood just put Batman, Harry Potter, Star Trek, HBO, CNN and CBS under one roof.Paramount completed its $110 billion takeover of Warner Bros Discovery, creating Skydance, a media giant spanning two film studios, HBO, CBS, CNN, streaming services, sports and some of entertainment's biggest franchises.
• PeopleUnemployment can be low while the job market still feels terrible.The U.S. is approaching the 2026 midterms with unemployment around levels economists call full employment, yet hiring is slower, job switching is weaker and many workers feel insecure. The unemployment rate only measures one part of labor-market health.
• MoneyBrazil voted on Sunday. Markets voted on Monday.Flávio Bolsonaro led Brazil’s first-round presidential vote 47% to 45% over Luiz Inácio Lula da Silva. The next trading session, Brazilian stocks surged. The useful question is not which candidate markets ‘like’. It is which policy probabilities investors suddenly changed.
• MoneyA bond yield just hit a 24-year high. Why should anyone outside Wall Street care?The U.S. 10-year Treasury yield briefly touched 5.34%, its highest level since 2002. That number lives in the bond market, but its effects reach mortgages, business loans, government budgets and the price investors put on almost everything else.