Consumers are increasingly moving away from "soft luxury" items like handbags and accessories. Even iconic bags are starting to lose some of their resale momentum. The average resale premium for Hermes Birkin and Kelly bags fell from about 2.2% times retail in 2022 to around 1.4% times by late last year.At the same time, there's been a trend toward "hard luxury" purchases like watches and fine jewelry. Part of the reason the jewelry market has been more resilient is because these high end pieces contain pre ...

Temperature 44 degrees. Humidity. Good to see you.Thanks. I know what it's like when you put anything out there, you're going to get blowback. No matter what the story is.You're going to get people who are haters. And I'm fine with that. I've got a pretty thick skin, but the idea of putting my daughter out there was not a thrilling one.Struggling with the problem of traffic today. I've really tried to keep the personal life and the work life pretty separate because it's hard to operate. This was not even so ...

Paramount has agreed to buy Warner Bros. Discovery for $110 billion. WBD's top executives are set to become some of the biggest winners of this deal.Now, when a company is acquired, its highest paid executives are sometimes let go. They're often contractual agreements in place called change of control clauses that guarantee significant pay if in fact they are ousted. This is called a golden parachute.Warner Bros president and CEO David Zaslav's golden parachute could reach close to $900 million. Now the cas ...

Nvidia just made a major strategy shift and most of Wall Street is missing it. >> This is definitely the next chat should GPT. >> Everyone knows Nvidia for its chips, but that's last gen Nvidia.Its new evolution is all about open claw and open source. Jensen Wong is going allin. So, let's back up a second.Nvidia is the most valuable company in the world for a reason, and that's thanks to its chips. They dominated the first era of AI that was all about training and building models from scratch. But that's ol ...

The U.S.-Israel war with Iran has sent helium prices soaring in recent weeks. Sources have told me that recently spot prices have gone up as much as 70% to 100%. Anybody who uses helium is going to pay more for it.Qatar produces over a third of global helium supply. QatarEnergy's Ross Laffan Industrial City is the largest liquefied natural gas export plant in the world and produces helium as a byproduct. The facility has been shut down since it was struck by an Iranian drone in the first week of the conflic ...

There are a whole lot of cross-currents happening right now in the economy that have important ramifications for monetary policy. The problem is, is that nobody knows quite what those ramifications are. The implications of events in the Middle East for the U.S. Economy are uncertain in the near term.Higher energy prices will push up overall inflation, but it is too soon to know the scope and duration of the potential effects on the economy. The Fed decided, as widely expected, to keep their benchmark intere ...

The auto market in the entire Middle East is less than a fifth of the size of the United States. Only about 3 million cars sold in the region in 2025. But it's more important than that number suggests, and it's because of cars like these.In terms of volume, Iran is the biggest market in the region. Two of the top three biggest sellers are domestic car brands Iran Khodro and Saipa, which only sell in Iran. Japanese carmaker Toyota Korea's Hyundai and Chinese maker Chery are the three biggest international br ...

I'm Katie Tarasov here at Nvidia's annual GTC developer conference in San Jose, California, where CNBC will have live coverage throughout the event. I'm on the showroom floor, where hundreds of companies are showing off products powered by Nvidia's chips and technologies, including a lot of robots. 110 robots here.Almost every single company in the world, I can't think of one that is building robots is working with Nvidia. Humanoid robots from companies like Unity, Booster and Lime greeted me on the way in ...

So the Federal Reserve came into this year a little nervous about the economic outlook and everything that's happened since, particularly the war on Iran, is only going to heighten their sense of caution. We've got to recognize that inflation has been very sticky for a period of time. You know, the basis for cutting into that is not 100% clear to me yet.The Fed is not going to cut interest rates this week at its meeting, but it will give us some clues to how it's thinking about this big price shock and ener ...

A growing number of consumers are seeking out third spaces and membership clubs focused on wellness to improve their health while also socializing. Companies like Bathhouse, Othership and Glo30 have hopped on the trend, offering third spaces centered around wellness with opportunities to foster social connections. ...