It has become increasingly evident that America is riding a self-perpetuating wave of wealth creation, with a staggering 6 million liquid millionaires—an increase of 78% over the past decade—reigning over a global economic landscape. This reality, while often celebrated, lays bare a troubling dichotomy where the rich get exponentially richer, while the rest grapple with
Business
The film industry’s latest resurgence hit a high note over Memorial Day Weekend, making headlines by setting a new box office record of $326 million in ticket sales. This unprecedented figure not only shattered last year’s modest haul of $132 million but also showcased the strength and resilience of the movie theater experience during uncertain
In recent years, the rise of family offices has transformed the investment landscape, particularly among the wealthy elite who have built their fortunes in consumer goods. At the forefront of this movement is Daniel Lubetzky, the mastermind behind Kind snacks. Following his successful sale of a significant stake in the brand to Mars in 2020,
In a landscape where personal finance solutions often languish under layers of corporate bureaucracy and stale applications, a transformative player has emerged—Monarch. Recently raising a remarkable $75 million in Series B funding, Monarch not only symbolizes a shift in consumer finance but also infuses much-needed enthusiasm into a sector still reeling from the demise of
The spring housing market is grappling with an alarming stagnation, as high interest rates and an undeniable lack of consumer confidence conspire to create a toxic mix for potential buyers and sellers alike. In April, the National Association of Realtors reported a disheartening 0.5% dip in the sales of previously owned homes compared to March,
In an exhilarating turn of events, Canada Goose shares surged by nearly 20% following a fiscal fourth-quarter earnings report that exceeded analysts’ expectations. However, this jubilation is tempered by the looming specter of uncertainty, a narrative all too familiar in the luxury retail sector. The company’s decision to withhold its financial outlook for 2026 due
In a strategic pivot that resonates deeply with the ongoing transformations in the fashion industry, Levi Strauss has chosen to sell its iconic brand Dockers to Authentic Brands Group for a staggering $311 million. At first glance, this transaction appears pragmatic; however, it reflects a more alarming trend in the world of fashion, where legacy
There’s a dangerous disconnect between the optimism in financial markets and the stark economic realities that scream for attention. Jamie Dimon, the revered CEO of JPMorgan Chase, laid bare this chasm during the bank’s annual investor day meeting. His stark warning is hard to ignore; palpable issues such as skyrocketing U.S. deficits, tariffs that hang
In a strategic move that echoes across the vast landscape of American telecommunications, Charter Communications and Cox Communications have announced their monumental merger. This union, valued at a staggering $34.5 billion, is not merely a rearrangement of shareholder wealth; it signifies an alarming trend toward the consolidation of power within a few corporate behemoths that
In the tumultuous landscape of global trade, consumers are often the collateral damage. The recent wave of price hikes implemented by Temu—China’s e-commerce sensation—provides a glaring example of this harsh reality. With import charges skyrocketing to an alarming 145%, shoppers are now witnessing their purchases swell into the realms of eyewatering inflation. An innocuous summer