Luxury spending now driven by experiences and 'inheritourism'
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
Same-store sales growth at Darden's fine-dining restaurants and Olive Garden fell short of expectations.
The author got pregnant with her second child when her oldest was 2.Courtesy of the authorAfter a miscarriage, I felt anxious throughout my next pregnancy.My traumatic first birth changed how I experi...
Gasoline prices are up more than 30 percent since the start of the war in Iran.
Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
Bloomberg's Julie Fine, Joe Lovinger and Elizabeth Elkin discuss the scope of the screwworm outbreak and what it means for the US beef industry and other livestock. (Source: Bloomberg)
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
The stock market rally turbocharged charitable giving in 2025, but primarily from wealthy donors.
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years. Inflation-adjusted consumer spending rose 0.3% from a month earlier. The personal consumption ...
Shake Shack.Bloomberg/Bloomberg/Getty ImagesOver the past year, I've tried and ranked 16 of Shake Shack's shakes.Three limited-edition flavors have been added to the menu for the summer.My favorite wa...
Tim Cook had warned of price rises due to the memory shortage.Justin Sullivan/Getty ImagesApple raised prices for some Mac and iPad models on Thursday by as much as $300.There were no increases to iPh...
At least 164 people are dead and 1,000 injured after back-to-back earthquakes struck Venezuela on Wednesday. Buildings have collapsed and roads buckled. People took to the streets and looked for cover...
France recorded its hottest day ever Tuesday as an early heat wave gripped Europe, prompting the Eiffel Tower and the Louvre museum to restrict visiting hours and disrupting school and transportation ...
A Wendy's restaurant in Pinole, California. Photographer: David Paul Morris/Bloomberg
I've found that Rockport, Massachusetts, is more affordable to visit than Martha's Vineyard, and offers similar natural beauty.Andrea E. McHughI've loved visiting Martha's Vineyard for the past few ye...
Gina Raimondo, a former commerce secretary and Rhode Island governor, is calling for companies and the government to do more to orient American workers in a new A.I. era.
JPMorgan CEO Jamie DimonTom Williams/CQ-Roll Call, Inc via Getty ImagesJPMorgan gave its biggest clue yet as to who might succeed longtime CEO Jamie Dimon.Investment bank co-CEOs Doug Petno and Troy R...
New York and fans of Taylor Swift are buzzing over the prospect of Swift and Travis Kelce getting married in the city.
Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, says streamlining the Federal Open Market Committee’s policy statement is appropriate, but Federal Reserve Chairman Kevin Wa...
Good morning. Finance teams are being reshaped by AI, but there needs to be much more training on how to use it effectively. That was a central theme we discussed on Tuesday during Fortune’s Emerging ...
Short-term Treasuries jumped as a benign reading of the Federal Reserve’s favored inflation gauge slightly dragged on traders’ expectations for an interest-rate hike in the months ahead.
Gary Hershorn/Getty ImagesRetailers such as Dollar General and Aldi plan major store expansions in the US in 2026.Store closures are outpacing openings so far, with over 2,000 closures announced for 2...
By 8:45 a.m. Eastern Time today, oil had reached $74.02 per barrel, measured using the Brent benchmark. That’s $1.66 less than it cost yesterday morning and $6.24 above its price a year earlier. Oil p...
Apple’s iPad Air line.
Kevin M. Warsh, the new chairman of the Federal Reserve, has expressed interest in examining how it measures and models price pressures.
A pedestrian walks beneath an umbrella during high temperatures in central Toulouse, France, on Wednesday, June 24, 2026. France is at the epicenter of this month’s heat wave, as a high-pressure heat ...
The author started making new friends after her divorce.Courtesy of Theresa PickettAfter my divorce, I felt a loss of community.I decided to try Bumble BFF and make a real effort to build connections....
Michael Burry is a contrarian investor made famous by "The Big Short."Jim Spellman/WireImageMichael Burry of "The Big Short" says he has a Lululemon shopping bag framed on his firm's wall.He said the ...
"Talladega Nights: The Ballad of Ricky Bobby" premiered in 2006.Sony; Alyssa Powell/BI"Talladega Nights" director Adam McKay looked back at making the movie in honor of its 20th anniversary.He reveale...
A vessel in the Strait of Hormuz near Musandam, Oman, this week.
Demonstrators hold a rally in support of legislation that would put a moratorium on new data centers in the state at the capitol in Albany, New York on May 13.
For months, Kleiner Perkins partner Aditya Naganath had been mulling over his investing thesis that the next wave of AI wasn’t going to be a chatbot—it was going to be software that does the work auto...
Larry Sanger said that Wikipedia was “one of the most effective organs of establishment propaganda in history.”
NATO forces aren't developing naval drones the right way, a Ukrainian commander said.US Army photoNATO forces are increasingly acquiring naval drones after seeing Ukraine use them successfully against...
Americans throw the best birthday parties. I know. I showed up to one uninvited and never left. I came to this country as a young man with no money and limited knowledge of the language. What I lacked...
Leagues, teams and media networks are increasingly meeting younger fans on social media as platforms like TikTok, Roblox and YouTube capture most of their time.
As a brutal heat wave hits Europe, many Americans have the same question: Why don't you just get AC?Bloomberg/Getty ImagesEurope is in the midst of a heat wave, sparking an age-old question from US po...
An endocrinologist said getting outside daily can help to support our hormone health.Alrphoto/Getty ImagesHormones like cortisol and testosterone are having a moment, as people try to optimize their h...
We’re a little over halfway through 2026, and frankly, so far it’s been a weird year. I was thinking about that in the context of this week’s Term Sheet Podcast with Josh Wolfe, Lux Capital cofounder ...
The CEO of Sazabi said it is built for fast-moving engineering teams at startups.SazabiSazabi raised $8 million to expand its AI observability platform for engineering teams.CEO Sherwood Callaway said...
Suzanne Stone, the president and CEO of the Livestrong Foundation, gets regular cancer screenings and practices a few daily habits to stay healthy.The Livestrong FoundationThe president and CEO of the...
An event hosted by Verci, a coworking space and members' club in NYC for founders, entrepreneurs, and creatives.Ami Yoshimura/VerciAI's social scene is shifting from big conferences to intimate, curat...
JPMorgan Global Research is doubling down on a central thesis for 2026: the surge in AI investment is not only durable, but increasingly profitable. In its midyear outlook, the firm points to a broade...
The Micron Technology offices in San Jose, California.
The cheapest MacBook Pro now starts at $2,000.
Supergirl's poor reviews and Rotten Tomatoes score have some questioning James Gunn's DCU judgement, even if he's an excellent filmmaker himself.
Three new DC Universe TV shows are on the way, including "Absolute Batman," "Krypto," and "Joker: Laugh Riot."
Honda was developing several next-generation electric vehicles that were ultimately scrapped because of declining global E.V. demand.
Santa Barbara wine has quietly topped Europe's best wine lists for years. Here's the geology and growers behind its overlooked reputation.
'ATEEZ: Light The Way In Cinemas' is coming to theaters worldwide on August 6 and 8. The VR experience has been adapted for theatrical release, offering fans to see them.
This isn’t a campaign. It’s a cultural shift with a handbag in it.
Traders anticipate the central bank hiking interest rates amid high inflation.
A new book reveals how White House Deputy Chief of Staff Stephen Miller has controlled the Trump administration’s immigration policies.
The best new movie on Netflix is an original romantic comedy not based on an existing book, and it's got high critic and audience Rotten Tomatoes scores.
Carlson’s comments about Trump’s souring relationship with Israel and argument that the U.S. was defeated in the Iran War came just a week after he announced he was “out” of the GOP.
Forbes today unveiled its 14th annual World’s Most Influential CMOs list, with Netflix’s Chief Marketing Officer Marian Lee claiming the top spot for the third year in a row.
The co-hosts of the country's top-rated cable news morning show talk about connecting with viewers—and each other as the nation marks its 250th birthday.
Is your business wiser for it?
Why strong leaders address underperformers early and clearly.
The latest NBA Draft picks can learn something from his second act.
Newsletters are increasingly integrating podcasting, with platforms like Substack and beehiiv offering features for audience ownership, direct monetization, and multi-channel distribution, mirroring t...
The Iran-US MOU demonstrates just how poor the Trump administration's negotiating team is. They are also dealing with an Iranian team that is far more experienced.
Last year's expected price pressure did not materialize, but next year's will not be a repeat, with growing commercial inventories highly likely.
As the saying goes, watch the pennies and the pounds look after themselves. But as it turns out, even some of the wealthiest people on the planet follow the money-saving mantra, well after they’ve mad...
Despite wanting to keep her gigantic philanthropy quiet, MacKenzie Scott’s giving keeps making a splash. Of the $19.2 billion worth of megagifts made by donors in 2025, Scott’s giving represented one-...
Big3’s success proves you can find funding, but you can’t fake a fandom.
Little bit sweaty in Paris this week, but the blazing temperatures did not deter anybody from trying their best to show up at the menswear Spring/Summer 2027 shows.
It turns out Apple could make Siri good. More importantly, it kept its promise.
In a dramatic bid to keep the Preakness in-state, Maryland cut off a potential acquisition by Churchill Downs.
Company leaders need to take a hard look at where and how AI has “gone rogue.”
A mix of semiconductor and robotics companies is leading the next wave of public listings.
Startup founders are using ChatGPT, Claude and other AI tools not to validate their ideas, but to attack them.
Are you standing in the way of creativity?
The earnings from a picks-and-shovels supplier rescued the entire AI trade by putting any demand concerns to rest.
The data is alarming for parents. The pattern it reveals should alarm every leader too.
Three brands break down how they lowered prices without sacrificing quality.
Gigi Robinson built partnerships with Adobe, got herself to Cannes Lions, and grew a creator business by making bold asks before success was guaranteed.
Bitcoin is facing a massive options expiry that risks putting more pressure on a market already struggling with fading institutional demand and macroeconomic headwinds.
Copper pipes at a wholesale metal market in Mumbai, India.
The New York Knicks’ championship parade last week in Manhattan.
Gold necklaces sit in a display cabinet at a Chow Tai Fook Jewellery Group Ltd. store in Shanghai, China, on Thursday, Feb. 1, 2018. China's growing throng of affluent consumers is driving a rebound i...
A selloff in technology megacaps dragged down stocks, overshadowing data showing a solid economy alongside in-line inflation.
Oil storage tanks at the Cushing crude oil storage terminal in Cushing, Oklahoma, US, on Thursday, June 18, 2026. Inventories at the US's largest commercial crude oil storage hub in Cushing, Oklahoma,...
The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.
The Fed's annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
Over her husband’s objections, she became a Wall Street broker in the 1960s. She later started two securities firms in the overwhelmingly male financial world.
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
Cash might be a relic, but — like royalty and emperors — President Trump still wants his face on American currency.
Toyota has notably leaned into hybrid vehicles while GM and others bet on all-electric vehicles, which saw lower-than-expected adoption from consumers.
The 21st Century ROAD to Housing Act, which cleared Congress on Tuesday, aims to increase new construction.
The company is building an app separate from Facebook and Instagram where people can wager on the outcome of real-world events, using "play money."(Image credit: Kelly Sullivan)
An Airbus A380 flying at Paris-Le Bourget Airport in 2017.
At 8:45 a.m. Eastern Time on June 24, 2026, the price of oil sits at $75.57 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.47 since yesterday...
The odds are rising on Wall Street that the Fed will raise interest rates, perhaps before Election Day.
Installation of a Sunrun solar panel on a roof in California. Sunrun is working with Tesla and Renew Home to use home energy devices to help data centers get online faster.
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin-off.
Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.
President Trump canceled a signing ceremony for the bill Wednesday, saying Congress must first pass a strict voter ID bill.(Image credit: Tony Gutierrez)
Investors are selling off AI-related stocks as doubts are starting to surface over whether the massive spending on AI is worth the investment and whether it's "one big bubble."(Image credit: Chris Hon...
Denver renters are celebrating falling housing costs. But sometimes cheaper housing is a sign of economic decline. How can you tell the difference?(Image credit: Scott Olson)
Target Chair Brian Cornell built the retailer into a $100 billion-plus giant, but recent struggles and underperformance have fueled investor calls for change.