Shein and Temu to Raise Prices in Response to Tariffs Shein and Temu, two prominent players in the fast-fashion industry, have recently announced their decision to increase prices in response to tariffs. The move comes as a response to the economic challenges brought about by the tariffs imposed on imported goods. Customers of both retailers […]
Swiss franc and gold outperform Bitcoin amid market turmoil
Swiss Franc and Gold Outperform Bitcoin Amid Market Turmoil Amid rising recession fears and trade tensions, investors are seeking safe-haven assets to weather the storm of market turmoil. In this uncertain economic climate, two traditional safe havens, gold, and the Swiss franc, have once again proven their resilience, outperforming volatile assets like Bitcoin and even […]
Melted, minted, miscounted: How one piece of gold can span millennia
Melted, minted, miscounted: How one piece of gold can span millennia Appearing on Earth during supernovae and neutron star collisions prior to the formation of the planet itself, gold has captivated human civilization for centuries. Its rarity, malleability, and luster have made it a symbol of wealth, power, and beauty across diverse cultures and epochs. […]
Investors shift to tokenised gold as trade fears grow
Investors Shift to Tokenised Gold as Trade Fears Grow In times of economic uncertainty and market volatility, investors often turn to safe-haven assets to protect their wealth. Gold, a traditional store of value, has always been a popular choice for investors looking to hedge against inflation and economic instability. However, in today’s increasingly digital world, […]
Goldman Sachs Eyes Blockchain-Focused Spin-Off
In a significant strategic move, Goldman Sachs is actively considering the spin-off of its technology platform within its digital assets division. This decision reflects the bank’s desire to sharpen its focus on blockchain and cryptocurrency sectors, particularly as these markets undergo rapid changes. Mathew McDermott, Goldman Sachs’ global head of digital assets, has indicated that […]
Bitcoin Gains Spark Debate Over Gold's Future
The recent surge in Bitcoin prices has reignited discussions about the future of gold as an investment. With Bitcoin reaching unprecedented highs, crossing the $93,400 mark, questions arise regarding its potential to displace gold as a reliable hedge against inflation. A pivotal moment in this evolving landscape came when Republican Senator Cynthia Lummis proposed a […]
This Week: Has Luxury Hit Bottom?
Once considered the epitome of success in the retail sector, luxury brands now face a tumultuous landscape, prompting questions about the future of the industry. Not long ago, luxury brands confidently announced impressive quarterly results characterized by soaring sales figures—often up by 10, 20, or even 30 percent—thanks to a surge in demand post-pandemic and […]
Watches of Switzerland Acquires Hodinkee
Watches of Switzerland Group Plc has officially declared its acquisition of Hodinkee Inc., a prominent US-based watch enthusiast platform known for its high-quality editorial content and backed by high-profile investors, including LVMH and NFL star Tom Brady. This strategic move not only aims to boost the British company’s online presence in the US market but […]
Samsung Faces Global Job Cuts Amid Market Struggles
Samsung Electronics is facing significant workforce reductions as it grapples with mounting challenges in a competitive landscape. Reports indicate that the company is set to reduce its global workforce by roughly 10%, which could see almost 26,780 jobs eliminated across Southeast Asia, Australia, and New Zealand. This decision comes against a backdrop of declining stock […]
Worldview: Debunking China’s Consumption Myths
In recent discussions surrounding China’s economy, prevalent myths about consumer behavior have surfaced, leading to misinformed conclusions about the market’s future potential. A new analysis by McKinsey & Company sheds light on the real state of consumption in China, revealing both challenges and hidden opportunities. Daniel Zipser, a senior partner based in McKinsey’s Shanghai office, […]