Rich people still shop for luxury despite inflation and recession fears

Food, gas and travel prices have skyrocketed over the past year — but they seem to be ignored by the wealthy and still fuel sales at luxury companies, where sneakers can fetch $1,200 and sports cars easily reach $300,000. Companies that cater to the super-rich, including Ferrari And the parent companies of Dior, Louis Vuitton … Read more

The father of the ‘Bachelorette’ contestant’s firefighter has retired into a bankrupt crypto lender

Washington – Chapman Chalcross has been cremated before. Chalcross, father of the current ‘Bachelor’ contestant Zach ChalcrossHe spent 34 years in the fire service, and retired from his job as a fire chief for Orange City after he encountered health issues in 2020. The elder Chalcross considers himself a practical blue-collar man, but when his … Read more

Here is where China’s real estate problems can extend

China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured is a housing complex under construction on December 15, 2021 in Guizhou Province. Costphoto | Publishing in the future | Getty Images BEIJING – China’s real estate problems could spill over into other key sectors if problems persist … Read more

The inflation argument calls for another good decade to invest in technology

TuSimple, which is partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower long-term inflation in the transportation sector. Source: TuSimple As inflation continues to surge to 40-year highs, we know what the Fed is doing to respond: raise interest rates. But what can companies do to … Read more