Is The Luxury Goods Bubble About to Burst?

In March 2023 Bernard Arnault, the chairman and CEO of luxury fashion giant LVMH overtook Elon Musk to become the wealthiest person in the world. He is the only European in the list of top 10 richest people in the world. His wealth has skyrocketed with the massive growth in LVMH’s share price. And it's not hard to see why they’re so profitable. It’s easy to make money when you can sell items of clothing for $5,000. While luxury brands build the perception of having the highest quality of goods, they are not usually any different than the products you would buy at a high street store. 

Luxury brands are highly sophisticated marketing machines that employ every psychological trick in the book to make you believe the product they’re selling you is worth the astronomical price tag. In today's video we look at who actually buys these goods, if Rolex watches and Birkin bags are actually good investments, and if the Luxury Goods bubble is about to burst.

Fed launches instant payment service FedNow

Yahoo Finance Fed Reporter Jennifer Schonberger reports on the new US instant payment service called FedNow.

Recession Fears, Ukraine War, China Tensions: The Next Big Risk for Markets

Investing is a business of managing risk for the long term. In a year where recession fears abound, a war in Ukraine rages on for a second year, and geopolitical tensions across the globe are boiling under the surface we asked Boaz Weinstein, Ida Liu and David Rubenstein what they think the next risk is for markets. 

Read the story on Bloomberg.com: https://trib.al/n8HK2CD

Is Starbucks a Secret Bank?

Starbucks is known for their coffee but many don't know about their secretive finance operations. 

In a clever scheme, the company uses the deposits of customer rewards card as a massive interest free loan to fund business operations. 

Is this simply a smart business move? or are customers getting ripped off?

Threads vs. Twitter: Could Elon Musk’s App Be Replaced?

Twitter is facing new challengers that threaten to take over the platform’s position as the global town square. 

WSJ tech columnist Christopher Mims joins host Zoe Thomas to explain how the rise of Threads could make Twitter less relevant.

The West Fights Back!

When the Biden administration passed the Inflation Reduction Act and the Chips and Science Act for clean energy and tech last year, Americas trade allies in Europe and Asia were surprised. Now they are scrambling for ways to catch up. 

Are western economies in a war of subsidies with each other and China over technology and green infrastructure?

2023 Sets New Global Temperature Records

As local heat records are being broken across the planet, July 2023 also saw the global average temperature soar to an unprecedented 17.2°C (62.9°F).

In fact, according to the U.S. National Oceanic and Atmospheric Administration (NOAA), the four hottest days on record occurred from July 4 to July 7, 2023, breaking the previous record of 16.9°C (62.4°F) set in mid-August 2016.

The above graphic charts the average air temperature at 2 meters above the surface, since 1979, using data from Climate Reanalyzer.

Read the full article HERE.