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Tariffs, war, and inequality have battered the luxury goods market—Gucci sales are down 24%

MILAN (AP) — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this year, the study said, citing threats of … Read more

Europe’s banks battered as Trump tariffs put U.S. recession on the horizon

Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European … Read more

Porter Shows Battered Shakur After Sparring

Shakur Stevenson looked beat up in a photo posted by Shawn Porter moments after their sparring session for Shakur’s title defense of his WBC lightweight belt against Floyd Schofield on February 22nd at the Kingdom Arena in Riyadh. Porter was trying to give Shakur some cover by saying in the photo caption, “The kid only … Read more

The battered bond market starts 2025 facing some difficult issues about debt

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images As if the bond rout in 2024 wasn’t bad enough, fixed income investors face multiple challenges in the year ahead, including one under-the-radar worry about short term notes coming due. Nearly $3 trillion of U.S. debt is … Read more

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