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AI startups are leasing luxury apartments in San Francisco for staff and offering large rent stipends to attract talent 

The AI boom is bringing a wave of startups to San Francisco, and employees are receiving generous benefits in one of the country’s priciest housing markets.  Roy Lee, CEO of AI tech startup Cluely, which makes software for job interviews and work calls, told The New York Times that he leased eight apartments for employees … Read more

Financier quit job to launch Norwegian Wool—billionaires wear his luxury coats

It was 95 degrees when the first prototype of a Norwegian Wool jacket arrived at Michael Berkowitz’s apartment in The Bronx, New York, in August 2014. Needing to test the waterproof knee-length wool coat without getting heat stroke, the founder and CEO of the then-fledgling apparel brand took it to a supermarket in West Harlem. … Read more

As secondhand luxury soars, authentication becomes a new gold standard

As the global market for secondhand luxury items surges, authentication has become the defining factor separating credible platforms from the rest. The resale market for fashion and luxury items is expanding at an annual rate of 10%, three times faster than the firsthand market, according to a report released Oct. 9 by Boston Consulting Group … Read more

LVMH CEO Bernard Arnault sees wealth skyrocket by $19 billion overnight after months of bleeding billions as shoppers trade designer bags for luxury vacations

Between October 14 and 15, Arnault’s net worth surged from $173 billion to $192 billion. That is a staggering $19 billion overnight gain.  The wealth upswing propelled him from being the eighth richest person in the world to the seventh spot, surpassing former Microsoft CEO Steve Ballmer whose fortune currently rests at $176 billion. And … Read more

17 Quiet Luxury Staples on Amazon That Scream ‘Rich Mom Fall’

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Fall is the season when style gets serious, and nothing says polished quite like the rich mom aesthetic. Picture cozy textures, luxe neutrals and wardrobe staples that feel timeless yet modern. We rounded up 17 … Read more

Inside the ultra-private one-room hotels redefining luxury travel

After the mangosteen daiquiri misted tableside with lime oil, the cheesy garlic naan, the broccoli salad with pistachios and mint, the pink peppered pineapple soda, the tandoori half-chicken with tingling green chutney, the crock of thick, savory, buttery black dal—after all that, served in the celadon-green Permit Room in Notting Hill, no, I did not … Read more

The younger consumer boom: Amex and luxury brands pursue Gen Z and millennials

Good morning. Winning customers who stay with a brand for decades has become an important strategy for financial institutions and retailers. For American Express, that means tailoring offerings to affluent, adventure-seeking customers in their mid-20s to mid-40s. In a new Fortune article, my colleague Shawn Tully spoke with American Express CEO Steve Squeri about enhancements … Read more

Luxury brands diversify with $160 lipsticks, $1400 accessories amid slump

A red and white braided accessory with a Hello Kitty Charms and a Panda Superflat Louis Vuitton X Murakami keychain is attached to a Louis Vuitton bag. Edward Berthelot | Getty Images Entertainment | Getty Images With nearly all shoppers facing a sense of sticker price shock, some luxury fashion lines are experimenting with new, … Read more

An inside look at the US Open’s $800 million push into building more luxury spaces for fans

The 2025 U.S. Open tennis tournament comes to a close this weekend, and change is afoot for future events. That’s because the United States Tennis Association (USTA), the organization in charge of running the year’s final major tournament in Queens, New York, announced in May that it’s launched an $800 million self-funded “transformation” to the … Read more

Luxury yacht sinks off Turkey coast as passengers jump overboard

NEWYou can now listen to Fox News articles! Dramatic video shows a brand new luxury yacht sinking just minutes after it was launched off the coast of Turkey, forcing its crew to leap overboard. According to reports, the new $1 million vessel, an 85-foot cruiser named Dolce Vento, was launched Tuesday in the Ereğli district of … Read more

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