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

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Search quotations, news, net asset value of the cooperative fund TATA Steel INE081A01020, TATASTEEL, 500470 yes bank INE528G01035, Isbank, 532648 TATA Alexi INE670A01012, Tatelexi, 500408 ICC Bank INE090A01021, ICICIBANK, 532174 Brightcom Group INE425B01027, BCG, 532368 Search quotations, news, net asset value of the cooperative fund TATA Steel INE081A01020, TATASTEEL, 500470 yes bank INE528G01035, Isbank, 532648 … 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