Podcasts about LVMH

Group Chat News is back with the hottest news of the week, including: LA feels like it's losing its edge, and the guys debate whether it's gone for good. Nike loses Kylian Mbappé to On after nearly two decades, then bets its turnaround on Alexandre Arnault, the LVMH heir joining its board. Paramount threatens to leave California entirely over its Warner Bros Discovery merger fight. Meta's Muse is already catching up to the buzzier AI agents, a 23 year old's AI startup jumps from $50 million to a $10 billion valuation talk in months, and the guys ask if the whole thing is a bubble. Plus LeBron won't stop promoting Polymarket. Group Chat News, every week. If you enjoy the show, please leave us a five star review on Apple or Spotify. It helps more than you know.

Muy buenos días, mientras ustedes disfrutaban de un buen recalentado de pozole mexicano, las tasas de interés subieron en Estados Unidos, pero más allá del movimiento, hay varios puntos que comentar alrededor de la decisión de la Fed, la reacción del mercado incluida y por qué ahora la madrugada del viernes debemos estar atentos a otra decisión de tasas, la del Banco de Japón, porque lo que pase, tendrá sus efectos en el peso mexicano, colombiano y hasta en el real brasileño. En Europa sí quieren a Canadá y Estados Unidos mientras tanto escala nuevamente la tensión. LVMH ya no es la empresa más valiosa de Francia y SpaceX y Tesla se podrían fusionar en una sola compañía.Suscríbete a Línea de Mercado: https://www.bloomberglinea.com/newsletter/ [Patrocinado] Conoce más en https://bancoplata.mx/

Nous discutons de la sortie de LVMH du top 10 des capitalisations européennes avec l'analyste Jérôme van der Bruggen Trends Bourse est une chaîne podcast de Trends-Tendances. Plus d'informations et de conseils pour vos investissements sur www.tendances.be/bourse. Vous désirez recevoir chaque jour des conseils d'investissements dans votre boîte électronique, enregistrez-vous gratuitement sur www.tendances.be/newsletters. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nesta edição:Mônaco deve sair da "lista cinza" de dinheiro sujo do GAFI em outubro, junto com Bulgária e Costa do MarfimBuenos Aires lidera ranking de melhores cidades da América Latina; São Paulo fica em 6º e Brasília em 10ºArábia Saudita corre para religar o oleoduto que contornava Ormuz, fechado após ataques de droneUrsula von der Leyen propôs que o Canadá vire o primeiro "membro associado" da União Europeia — uma categoria que não existe e que ninguém sabe ainda o que significa. Explicamos por que a Europa prefere o Canadá ao Reino Unido pós-Brexit, o que a guerra comercial de Trump tem a ver com isso, o acordo negociado há dez anos que dez países ainda não ratificaram, e o que os dois lados querem de concreto: minerais críticos, defesa, IA e o Ártico.No segundo bloco, a LVMH saiu do top 10 das empresas mais valiosas da Europa pela primeira vez desde 2017, com queda de 55% desde o pico de 2023. Parte do estrago vem da China — e de um processo que a Louis Vuitton moveu contra uma rede de chá por causa de uma flor de quatro pétalas. A marca ganhou no tribunal e viu as vendas no país caírem 30% em julho

This week on The Business of Watches, a veteran watch industry CEO who is taking on one of the biggest and most demanding challenges of his storied career. Julien Tornare is the head of Hublot, the irreverent and ground-breaking brand controlled by LVMH that's trying to reclaim some of its former glory and role as a trend-setter in industry innovation. An affable and talented business leader, Tornare has spent almost three decades in the watch world, with Vacheron Constantin and Richemont, and then as the chief executive of Zenith, where he oversaw a dramatic revival and upswing for the El Primero maker. He then had a brief tenure as the CEO of TAG Heuer, before joining Hublot as the big boss in 2024. Tornare talks about Hublot's turbulent journey over the past four decades, and the spirit that's reflected in the brand's unconventional and outspoken ambassadors. He also takes on the marque's critics, making the case for why the YouTuber shots are largely unjustified. As for where Hublot is going, that's partly where it has been, as Tornare discusses the influence of Hublot's Italian founder Carlo Crocco as the company reconsiders its legacy ahead of its 50th anniversary in 2030. There's also news of a major new partnership with legendary American artist Jeff Koons, who is bringing his artistic vision to the watch brand for the first time with a series of bold collaborations. We also discuss the role that Jean Arnault, long considered the true watch enthusiast in the Arnault clan, now has with the brand. Show Notes:0:30 Julien Tornare (Instagram) 1:06 Hublot (website) 1:43 The Quirky Backstory Of The Hublot MDM (FHH) 1:59 Jean-Claude Biver & The Relaunch of Hublot (IMD Business School Case Study) 4:22 Hublot And Football A Perfect Match (The Hour Glass) 6:25 The Truth About Hublot And How Their Watches Stack Up (Luxury Bazaar) 7:51 Julien Tornare, CEO of Hublot: "Hublot Will Rebalance Its Investments" (Luxury Tribune) 9:20 Nyon (Swiss Tourism) 9:59 Hublot Classic Fusion Original Goes Back To Where It All Began (Hodinkee) 10:14 Hublot Expands The Big Bang Across Every Level (Hodinkee) 11:39 Carlo Crocco (Watch Wiki) 14:04 The Art of Fusion In Depth (Time & Tide) 14:24 Andy Warhol's Hublot (Italian Watch Spotter Instagram) 17:20 Hublot Ambassadors 19:50 Why Hate Hublot? Featuring Nico Leonard (YouTube) 21:58 LVMH Watch Boss Sees Jean Arnault as Best Candidate for His Role (SwissInfo) 24:00 Hublot Spirit of Big Bang 31:40 Inside Hublot's Mission to Turn Its Watches Into Museum-Worthy Art (GQ) 32:01 Beyond The Canvas: Jeff Koons Reimagines Time With Hublot 36:10 Hublot Big Bang Original Soft Touch (Gear Patrol) 39:02 Hublot Unveils Decade-Long Warranty As New Industry Benchmark (Johnson & Co.)

Ecoutez L'angle éco de François Lenglet du 16 septembre 2026.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Ecoutez L'angle éco de François Lenglet du 16 septembre 2026.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

In recent weeks the US Treasury Secretary has tried to tame the bond markets. The cost of bonds affects how much you pay for borrowing such as mortgages and credit cards. But can Scott Bessent succeed where so many before him have failed?Also the luxury brand LVMH appears to be losing some of its shine. Why has the luxury giant lost its appeal and how much is the second-hand market to blame?Elsewhere the Ebola outbreak in the Democratic Republic of the Congo has killed more than 3,400 people, what does it take to develop a vaccine?(Photo Credit: EPA/Shutterstock)

À la veille de la réunion de la Banque centrale européenne, le retour du pétrole au-dessus de 100 dollars a replacé la géopolitique au cœur des préoccupations des investisseurs. comment les marchés ont-ils réagi ?Les marchés européens ont terminé en nette baisse mercredi, avec un CAC 40 en recul de près de 2 %. Les investisseurs restent préoccupés par la hausse des prix du pétrole, sur fond de tensions persistantes au Moyen-Orient, alors même que la BCE doit annoncer aujourd'hui sa décision de politique monétaire.Du côté des entreprises, les publications de résultats ont animé la séance. Interparfums s'est illustré avec des résultats semestriels supérieurs aux attentes, permettant au titre de terminer en légère hausse de +0.57%.À l'inverse, LVMH a fait partie des plus fortes baisses du CAC 40 après une dégradation de recommandation de HSBC, qui reste prudente sur les perspectives du groupe à court terme. Enfin, en Europe, le géant espagnol du textile Inditex, propriétaire notamment de Zara, a été sanctionné après la publication d'un résultat opérationnel légèrement inférieur aux attentes du marché.En résumé, entre craintes géopolitiques, pétrole à plus de 100 dollars et résultats d'entreprises contrastés, les investisseurs sont restés sur la défensive avant le rendez-vous de la BCE.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

Many entrepreneurs would be happy to sell one great idea to a larger business, cash out and put their feet up. Not Marcia Kilgore. The Canadian swapped small-town Saskatchewan for the wealthy clients of Manhattan, New York and sold her first venture, Bliss Spa to luxury giant LVMH. She then went on to found another three multimiilion-dollar enterprises. What did she learn along the way, how does she back herself when imposter syndrome strikes and what is next on her list.(Photo: Marcia Kilgore stands in a London street, wearing blue jeans and a pink shrt, she has cropped short hair and is smiling. Credit: Marcia Kilgore)Presenter: Hannah Mullane Producer: Victoriya Holland

Cameron sits down with PJ Accetturo, founder and CEO of Genre.ai, to talk about what happens when generative AI moves beyond experimentation and becomes a real production business.Known online as the "viral AI madman," PJ built his reputation with the Kalshi commercial that aired during the NBA Finals, one of the first AI-generated ads to run on broadcast television at scale. Since then, he has led AI-native campaigns for Nike, LVMH, Qatar Airways, Oracle, Popeyes, Ramp, Google, and more, generating hundreds of millions of views across platforms. Through Genre.ai, he has built one of the most active AI-native production studios working in commercial production today.But instead of focusing on prompts and workflows, this conversation digs into the questions that rarely get asked: pricing, margins, creative constraints, failed campaigns, staffing, and what AI actually means for the economics of production. PJ explains how AI-native productions are structured today, why some projects still work better as traditional shoots, and how agencies, production companies, and filmmakers are adapting as the technology rapidly improves. The discussion also explores the changing relationship between AI and traditional craft, from commercials and VFX workflows to narrative filmmaking, virtual production, performance capture, and the emerging hybrid models being tested across the industry.The conversation also touches on the Wonder Project's hybrid approach to narrative production, blending volume stages, performance capture, and AI-generated wide shots as a model for what ambitious mid-budget storytelling could look like going forward.Perhaps most notably, PJ reflects on how his own thinking has evolved. A year ago he was telling Hollywood it was doomed. Today his message is different: the tools are coming regardless, the talent is there to adapt, and what's ahead may look less like a reckoning and more like a golden age of creativity.For producers, creative directors, and anyone trying to understand where AI fits in the production landscape, this is one of the more grounded and honest conversations on the topic you'll find.The views and opinions expressed by guests on this podcast are solely their own and do not reflect the views of Wrapbook, its employees, or affiliates.ABOUT WRAPBOOKWrapbook is the AI platform for production finance.Built for today's fast-moving production landscape, Wrapbook brings payroll, spend, and accounting into one AI-powered system, giving production teams the tools they need to do more, faster.Built for features, TV, or commercials, Wrapbook helps the industry's biggest production companies stay compliant, track every dollar in real time, and eliminate the paper-chasing that slows everything down. AI handles the busywork, reading invoices, flagging issues, and syncing data, so your team can focus on the work that really matters.But software is only half the story. Wrapbook pairs powerful automation with concierge support from industry experts who've worked on set and know what's at stake. It's how the best production teams scale smarter, protect their budgets, and keep their crews happy.See how Wrapbook is a force multiplier for production finance teams at www.wrapbook.com.

Wie in 2020 een aandeel LVMH kocht, is vandaag de dag per saldo geen centimeter opgeschoten. Een wetenswaardigheid dat de Financial Times oppikte. Het aandeel achter de prijzige handtasjes, sjaaltjes en champagne beleefde een behoorlijke achtbaanrit de afgelopen zes jaar. In 2023 was luxemerk LVMH nog het eerste Europese bedrijf dat een beurswaarde van 500 miljard aantikte, maar sindsdien is de koers gehalveerd. Het kan verkeren. Wat er misging, proberen we deze aflevering te ontdekken. Misschien niet het beste voorbeeld om Europeanen aan het beleggen te krijgen. Terwijl dat wel hard nodig is, ziet ING. Ze liet het spaar- en beleggingsgedrag van Europeanen onderzoeken en ontdekte: we durven het nog steeds niet. Nederlanders spannen bovendien de kroon, die zwemmen in het spaargeld maar laten beleggingswinsten links liggen. Waarom dat een probleem is, óók voor de Europese economie, bespreken we deze aflevering. Hoor je ook over: Een tegenvaller in Duitsland (en het is niet de AfD) Machtsmisbruik bij een dochter van heineken Waarom je beter in suiker kunt beleggen dan in aandelen De terugkeer van Twitter Te gast: Han Dieperink van Auréus BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

CEREAL TALKのニュースレターはこちら⁠https://cerealtalk.jp/⁠社畜ミが強い。（@dokodemoikiru）さん / X⁠https://x.com/dokodemoikiru⁠(00:00) 1年ぶり再登場の社畜ミさん(01:45) LVMHの上半期決算(04:16) ラグジュアリー全体でファッションから宝飾へのシフト(15:43) パリ出張で見た変化(20:33) Louis Vuittonメンズ × ファレル「巨大波ランウェイ」(25:03) 日本メンズブランドの欧州での存在感(28:32) シャネル絶好調の表と裏(31:23) LV・ディオールもシャネルに追随(32:31) 製造業付加価値の再配分データ(35:41) LVMHの後継者争い＜メンバー＞沼田 雄二朗⁠https://twitter.com/Numauer⁠宮武 徹郎⁠https://twitter.com/tmiyatake1⁠草野美木⁠https://twitter.com/mikikusano⁠

We're back after our first-ever summer break! This week: should cyclical stocks have a place in a dividend growth portfolio built for financial independence? We use BHP, Rio Tinto, and ExxonMobil as real examples of the trade-offs.Also covered: a Guinness heist making headlines, the Netherlands moving its gold reserves home, fresh dividend hikes from Altria, NN Group, and Wolters Kluwer, plus listener questions on Nike, LVMH, Swiss stocks, Clorox, and Philips.

Jaime Espejo, Asesor Senior en Acifiel Partners EAF, repasa los escenarios de Amadeus, Volkswagen, Soitec, LVMH y Shell, entre otras.

En la segunda hora de Cierre de Mercados ponemos el foco en la actualidad europea, con la tensión comercial entre la Unión Europea y China como uno de los principales protagonistas. Bruselas amenaza con endurecer las medidas comerciales contra Pekín si las conversaciones que se retomarán este mes no ofrecen resultados concretos, mientras el comisario europeo de Comercio, Maros Sefcovic, prepara su viaje a China en octubre. Además, el precio de los combustibles alcanza máximos de tres años en Europa, en un contexto marcado por la tensión geopolítica y el conflicto con Rusia. En materia monetaria, el presidente del Bundesbank, Joachim Nagel, da prácticamente por descontada una subida de tipos del BCE en septiembre, aunque mantiene la cautela sobre los próximos movimientos. Repasamos también la decisión del Banco Central de Países Bajos de trasladar parte de sus reservas de oro desde Estados Unidos y Canadá al Reino Unido ante la creciente incertidumbre geopolítica, así como las perspectivas fiscales y de defensa del Reino Unido. En el ámbito empresarial, Ryanair recorta su objetivo de tráfico para el próximo año por el encarecimiento del combustible, BP nombra a Ian Tyler como nuevo presidente y el sector europeo del lujo continúa bajo presión, con LVMH en mínimos desde 2020. Analizamos todas estas claves de la jornada en nuestra tertulia con Isabel Giménez, de la Fundación de Estudios Bursátiles y Financieros.

En la segunda hora de Cierre de Mercados ponemos el foco en la actualidad europea, con la tensión comercial entre la Unión Europea y China como uno de los principales protagonistas. Bruselas amenaza con endurecer las medidas comerciales contra Pekín si las conversaciones que se retomarán este mes no ofrecen resultados concretos, mientras el comisario europeo de Comercio, Maros Sefcovic, prepara su viaje a China en octubre. Además, el precio de los combustibles alcanza máximos de tres años en Europa, en un contexto marcado por la tensión geopolítica y el conflicto con Rusia. En materia monetaria, el presidente del Bundesbank, Joachim Nagel, da prácticamente por descontada una subida de tipos del BCE en septiembre, aunque mantiene la cautela sobre los próximos movimientos. Repasamos también la decisión del Banco Central de Países Bajos de trasladar parte de sus reservas de oro desde Estados Unidos y Canadá al Reino Unido ante la creciente incertidumbre geopolítica, así como las perspectivas fiscales y de defensa del Reino Unido. En el ámbito empresarial, Ryanair recorta su objetivo de tráfico para el próximo año por el encarecimiento del combustible, BP nombra a Ian Tyler como nuevo presidente y el sector europeo del lujo continúa bajo presión, con LVMH en mínimos desde 2020. Analizamos todas estas claves de la jornada en nuestra tertulia con Isabel Giménez, de la Fundación de Estudios Bursátiles y Financieros.

Marion Maneker joins Peter to remember Yayoi Kusama, the Japanese artist who died last week at 97, and unpack her multifaceted career—from a polka-dot obsession to her LVMH collaborations and museum-conquering studio. Then they dig into a recent Bloomberg article claiming Baby Boomers' art collections may not find younger buyers, and why megadealer Larry Gagosian spies a buying opportunity.

“Europe looks more like emerging markets than it does North America,” Joe Faraday, Baillie Gifford's new head of European equities, suggests in this conversation. He means that growth takes many forms across the continent, creating an eclectic mix of companies to choose from and specific circumstances to consider. As he reveals, it's led him to reposition the portfolios under his watch, broadening the types of companies they contain.Background:Joe Faraday is our head of European equities and investment manager of the Baillie Gifford European Growth Trust and European Fund.In this conversation, he tells Short Briefings… host Leo Kelion about some of the stocks he has added to and removed from the portfolios of our European Growth Strategy. Faraday took charge earlier this year with a mandate to improve performance.“We've changed rather a lot,” he says, regarding efforts to broaden the mix of growth themes the portfolios he manages tap into, while ensuring that he grounds each buy or sell decision on an intimate understanding of each stock.Companies discussed include:Piraeus Bank – Greece's biggest lender, expanding its reach with new insurance, asset management and digital banking servicesLPP – the Polish retail group behind Sinsay, the rapidly growing fashion and homeware brand big in central and eastern EuropeTotalEnergies – the French energy group involved in exploration and production, liquefied natural gas and renewablesRheinmetall – the German defence contractor, whose activities range from drones and armoured vehicles to ammunition and satellitesBending Spoons – the Italian app acquirer that rearchitects and revitalises mature digital businessesRational – the German manufacturer of ‘combi ovens' designed for commercial kitchensResources:A disciplined case for European GrowthEuropean megatrends: what's on my mind?Supercommunicators by Charles DuhiggThe European opportunity setThe Short Briefings… archive Companies mentioned include:·       Airbus·       Allegro·       Bending Spoons·       CaixaBank·       Dino Polska·       Exail·       Iberdrola·       Piraeus Bank·       LPP·       LVMH·       Nexans·       Rational·       Rheinmetall·       TEKEVER·       TotalEnergiesTimecodes:00:00  Introduction01:50  From paint-making to portfolio management03:30  Investment track record05:25  Broadening the growth types07:05 Megatrends and individual circumstances08:45  Rearmament, energy security and consumption10:30  “Europe's not like Marmite”11:45  TotalEnergies – a mega energy business16:30  Rheinmetall – a catch-all defence contractor19:05  LPP – the Zara of eastern Europe22:20  Piraeus Bank pushes into insurance24:40  LVMH and the outlook for luxury26:40  Building on Bending Spoons28:50  “Decisive action has been taken”29:35  Book choiceGlossary of terms (in order of mention):Small-cap: Shares in companies with relatively small total stock market values.Compound: Gains that build on earlier gains, so an investment's value can grow at an increasing rate over time.Exploration and production: The part of the oil and gas industry that searches for reserves and extracts them.Liquefied natural gas (LNG): Natural gas cooled into liquid form so it can be stored and transported more easily.Integrated power: A business that combines several parts of the electricity system, such as generation, trading and supply, often across conventional and renewable sources.Capital allocation: The decisions a company makes about how to use its money, including investing in operations, buying businesses, repaying debt or returning cash to shareholders.Free cash flow: Cash left after a company has paid its operating costs and the investment needed to maintain or expand the business.Capital markets day: An event where a listed company gives investors and analysts detailed information about its strategy, operations and financial prospects.International Monetary Fund (IMF): An international institution that monitors economies, advises governments and can lend to countries facing financial difficulty.Flotation: The process by which a private company lists its shares on a public stock market, often through an initial public offering (IPO).

Looking to restore confidence after massive weight loss? In this episode of The Confidence Doc, Dr. Vinaya Rednam (Houston's go-to board-certified female plastic surgeon for body contouring and excess skin removal after post-bariatric surgery) is joined by Jennifer "JJ" Lee, founder and CEO of custom fashion startup ESQUE/BY . Together, they explore how body transformation through reconstructive surgery, post-weight-loss body lift options, and custom-tailored apparel restore personal dignity and presence . Jennifer shares her background in bioengineering and beauty tech (L'Oréal, LVMH), her mission supporting NYC's Garment District, and her "Ready to Be Tailored" concept designed to adapt clothing to your true shape; not the other way around. Chapters 00:00 – Post-Weight Loss Body Contouring & Engineering Custom Apparel 03:15 – Applying Bioengineering Logic to Pattern-Making 08:42 – Mastectomy Care & Tailoring Post-Bariatric and Post-Cancer Clothing 15:30 – Scaling United We Mask with Corporate Partners 22:10 – Saving NYC's Garment District & Artisan Tailors 29:55 – The "Ready to Be Tailored" Philosophy for Body Transformations 37:18 – Entrepreneurial Advice for Founders Taking the Leap Ready to transform your post-weight-loss journey? Subscribe for expert body contouring insights from Dr. Rednam and share this episode with someone on their body transformation path!  

This week on The Business of Watches, we're getting a preview and history lesson of Geneva Watch Days. Born in the dark days of the pandemic in 2020, it was a new kind of watch industry gathering, that prioritized access and community over exclusivity. Jean-Christophe Babin, the former Chief Executive Officer of Bulgari, has been there from the beginning. He tells us why Geneva Watch Days started and why it's still needed. We discuss what to expect at this year's event and what the future of watch industry events might bring.  With some 71 brands exhibiting, GWD has more marques than that other big watch show in Geneva that happens each spring, but it's very different in tone and feel. Using a 'decentralized' concept, brands pay fees based on their size and revenue and the show allows for plenty of smaller, boutique brands to show off their wares.  Open to the general public, it certainly isn't as glitzy nor as pricey an event as some others. Babin says the entire budget of GWD is likely less than the cost of staging and running a major booth at Watches and Wonders.  A veteran who has served as the head of LVMH's watch unit as well the CEO of TAG Heuer, Babin has seen the industry through a myriad of cycles, giving him a unique perspective on where the watch sector has been and where it's going.     Show Notes 0:59 Geneva Watch Days website  2:00 Geneva Watch Days 2020 / 2021 (FHS)  5:06 Geneva Tourism - Geneva Watch Days  9:12 Breitling was a founding member of GWD  10:31 Watches and Wonders  12:45 How Watches and Wonders Remains Worthwhile For Brands Big And Small (Hodinkee)  17:16 Geneva Watch Days Agenda / Panels / Symposiums  19:10 Phillips Geneva Watch Days Auction  For Geneva Watchmaking School  22:15 Geneva.com  24:03 Fondation du Grand Prix d'Horlogerie de Genève  31:18 Ferdinand Berthoud  32:00 FHS Statistics  33:40 The criteria for strengthening Swiss made (FHS)  35:20 Swatch 37:50 Casio mechanical watches  40:30 Swatch X Audemars Piguet 'Royal Pop' (Hodinkee)

She built a $2.5 billion company from nothing, sold at 39, and moved to Paris. On the last day of her celebration trip with her family, she had a panic attack and was rushed to a Caribbean hospital, thinking she was dying. This is a different kind of episode than I usually release. What you'll find is a raw, off-the-record research interview we did for my forthcoming book, The Founders Reckoning: the moment when a founder's identity architecture runs out, and something new has to be reconstructed in its place. Marta agreed to let me share this conversation because, in her words, “what we talked about today was just so potent.” What you'll find is a real conversation, no overproduction or polished setup, but two people diving deep into what happens when you hit every goal and realize it's not enough. We talk about:* the seven years she knew it was time to leave before she did* what it felt like to become an employee of the very company she founded* the identity collapse that followed her exit* why she now says her $2.5 billion company was “nothing”Chapters00:00 — Cold Open“I cannot wait to get the f**k out of here.”00:05 — IntroductionMakhosi frames the episode: a raw research interview for the book on the founder's reckoning, shared with permission.00:38 — The BuildMarta sets the context. Fourteen years, two people and their cell phones, 500 employees, $2.5 billion in revenue. “It was a ride that was intense.”04:09 — The Seven-Year KnowingMarta pinpoints the moment it shifted: 2007, when investors arrived and she had to answer to someone else for the first time. She knew then. She didn't exit until 2014.06:17 — The Gendered ExperienceShe was the face of the company. The investors assumed she was there to order lunch. Her husband became “one of the boys.” The quiet suffocation of being a woman founder in a room full of men who don't see you.08:51 — The MaskTwo realities at once: from the outside, everything looked like success. Inside, she was having secret meetings with the CFO about being $8 million in the hole, unable to make payroll, putting on a Hawaiian shirt and telling everyone “cheap Caribbean.”12:44 — The Identity Crisis“Expansion isn't always the money and the beautiful things. Expansion is always, all the time, how much of the hard stuff can you carry?” Marta on being 39, carrying the load of a $2.5 billion brand, and what happens when the titles disappear.14:00 — The Body Collapse“Hi, remember me? That thing you neglected for three and almost four decades of your life? We're gonna give you a heart condition.” The panic attack on the celebration trip. The Caribbean hospital. The beginning of the reckoning.20:48 — Why She Wouldn't Have ListenedThe honesty most founders never give: “It would have had to be someone who had done something like what I was doing or bigger. Otherwise, a lot of people have very good advice, but no credibility.”25:42 — The Hook ProblemMarta's first offering after the exit was called Soul Care. It was about the inner world. Nobody wanted it. Then she led with “from $80K in debt to $2.5 billion in sales.” Now they listened. But they only wanted the scaling playbook, not the slowing down.28:01 — The UnfoldingHow she navigated the post-exit life: therapy, breathwork, yoga certification, a book, one-on-one work, Dior, Paris. Not a vision. Just step by step, following what showed up.31:02 — The Arrival Emptiness“It's the same, except I have more money in my bank account. That's weird.” What do you do when you hit every mark on your list and you're 39, not 80?36:23 — “That Was Nothing”The one thing she wishes someone had told her: “My beautiful girl, you have just begun to scratch the surface. That was nothing.” People call $2.5 billion incredible. Marta disagrees. “I did that in my 30s. Can you imagine what I can do now?”38:34 — The Golden Cage“What starts as a really exciting thing — my God, I'm a founder — eventually it will enslave you.” On the importance of knowing who you are beyond the title, and allowing the business to evolve as you do.42:15 — Building From AlignmentCan you build a billion-dollar company from alignment instead of wounding? “I think it's possible, but I don't think it was possible for me. I came with tremendous trauma that I had to clean up first.”48:11 — “I Can Have Anything”The reframe on having it all: “It's not that you can have everything. You can. But I can have anything. And what do I choose?” Curation over accumulation.49:00 — Why She Shows Up AnywayMarta volunteers to take the conversation public. On the dehumanization that happens at a certain level of wealth, the brutal comments, and why she keeps showing up online anyway. “Because I care, and also I think I have a lot to say.”55:55 — ClosingA mutual decision to record a full episode together. “I think some of the stuff we talked about today was just so potent.”Show NotesGuest: Marta Hobbs is an entrepreneur, best-selling author, a luxury life coach, and a soul-led business mentor whose work guides high-achieving women back to themselves - authentically, powerfully, and with no apologies. Through private coaching, confidential companionship, her podcast, exclusive events & luxury retreats, as well as a thriving women's community, she creates space for women to stop performing and start fully living.She has built and successfully exited a $2.5 billion company and now guides women to create their legacy brands - or helps them recover from what it actually takes to get there. Marta splits her time between Miami, Paris, St. Barths, and New York with her husband Jim, their toy poodle Daisy, and her two adult children close to her heart.She's published a best-selling memoir, “Unraveling,” a program on wealth embodiment for women called “Luxury Wealth Codes,” and she frequently collaborates with luxury brands such as Dior, Four Seasons, Eden Rock St Barths, Aman, and LVMH. You can learn more on www.MartaHobbs.com and www.LuxuryWealthCodes.com or follow her on social media at @MartaHobbsHost: Makhosi Nejeser Advisor to founders who've hit a ceiling strategy can't fix Founder, The House of Sovereign LegacyWhat changes after success?Makhosi Nejeser advises founders who have built the business, hit the numbers, and noticed that winning doesn't feel the way it used to. Over eight years and hundreds of founders, she's watched one pattern repeat: the person you had to become to build the company eventually becomes the reason the success stops landing.Her perspective comes from an unusual combination: a decade in business, alongside full initiation into a Southern African tradition whose role, for generations, has been advising leaders through transitions of power. She practices publicly through her brand, The Royal Shaman.Inside The House of Sovereign Legacy, she hosts monthly House Briefings, each built around one question worthy of a founder's life, writes Letters from the House, and hosts the Architects of Sovereignty podcast. Her forthcoming book gives founders a name for what they've been living and a picture of what's actually possible on the other side.She advises a small number of founders each year, by application.Featured: CNBC, Business Insider, Entrepreneur, NBC, ABC, CBSFor Makhosi's most up-to-date access points and to follow on social media,Visit: https://www.theroyalshaman.com/linksThis episode was originally a research interview for Makhosi's forthcoming book on The Reckoning. Shared with permission.If this episode resonated, share it with a founder who needs to hear it. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theroyalshaman.substack.com

Joe talks to Juliet about what founders should really look for when hiring, where traditional recruitment falls short and how to use AI without losing the human judgement that helps you spot exceptional people. If you're making your first hires, struggling to spot real potential or wondering how AI should fit into your recruitment process, this episode is for you.Joe Woodward is co-founder of Vizzy, a hiring platform reimagining the CV for the next generation of talent. Four years in, Vizzy has raised around £7 million in backing, built a talent pool of 120,000 people and works with major clients including Burberry, Virgin and the LVMH group.In this episode:00:00:00 Why the traditional CV could be costing you the best candidates00:06:00 The hiring signal that can matter more than qualifications or experience00:09:00 The biggest hiring mistakes founders make00:10:30 When growing your team could actually be the wrong decision00:23:00 How to use AI in recruitment without losing what only a human can spotFind out more:Vizzy: https://home.vizzy.com/Joe Woodward: https://www.linkedin.com/in/joe-woodward13/FF&M enables you to own your own PR & produces podcasts.https://www.fallowfieldmason.comRecorded, edited & published by Juliet Fallowfield, MD & Founder of PR & Communications consultancy for startups Fallow, Field & Mason.Email us at hello@fallowfieldmason.com or DM us on Instagram @fallowfieldmason.MUSIC CREDIT: Funk Game Loop by Kevin MacLeod.Text us your questions for future founders. Plus we'd love to get your feedback, text in via Fan MailSupport the show

Lorenzo:

On today's episode of The Run Through, Chloe Malle talked with her longtime friend, former Vogue colleague, and Global Editorial Director of Vanity Fair Mark Guiducci just days before the launch of his September cover featuring Marc Jacobs.  “I think in some ways [Marc] is the greatest American fashion designer.” Guiducci said. “And if Marc Jacobs has nine lives, he's maybe on his seventh.” The cover story, written by José Criales-Unzueta, chronicles this transitional moment for Marc Jacobs whose namesake brand was sold by LVMH to a joint venture between brand management company WHP Global and G-III Apparel Group.  “This new chapter of Marc's professional life is something different than going public and having umpteen thousands of stores around the world...and yet Marc is his own version of success,” Guiducci said. This is Guiducci's first September issue in his role. Other stories from the style issue include an exhaustive best dressed list, a Les Lalanne feature, and the profile of fashions' most well-known purveyor of good gossip. But the conversation between decades-long friends turned new guards of some of Condé Nast's most iconic magazines naturally expanded beyond the current issue.  “Sometimes divorcing your own feelings from yourself from how people see you is actually really healthy.” Guiducci said. From big stories like the Alex Cooper Unwell investigation to the Olivia Nuzzi fiasco, the two candidly discussed their individual roles and the state of the celebrity cover.  “There's a real arm's length distance to what you're getting now,” Chloe said. “And it's very difficult, because it means that if you are upholding journalistic standards like many Condé brands try to, you need to then be creative.” But of course, it wouldn't be a true reunion without some lighthearted reminiscing about the old days of Vogue. Sitting in the podcast studio no larger than their shared office nearly fifteen years ago, the two cackled over wellness routines, Chloe's Harry Potter discovery, and after-hours dinner plans.  “I also don't cook, famously,” Guiducci said. “You've seen my kitchen. My kitchen is one-fourth the size of this room.” “That's true,” Chloe said. “One could still cook in it. [both laugh]” Also on the podcast, Vogue's Senior Lifestyle & Weddings Editor Liam Hess joined to discuss how this week's biggest weddings (Ronaldo! Jordyn Woods! Tallulah Willis!) came to be. Plus, we close out our Dogue days of summer with the final covers!  The Run-Through with Vogue is your go-to podcast where fashion meets culture. Hosted by Chloe Malle, Head of Editorial Content, Vogue U.S.; Chioma Nnadi, Head of British Vogue; and Nicole Phelps, Director of Vogue Runway, each episode features the latest fashion news and exclusive designer and celebrity interviews. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week on Two Personal, Joy sits down with entrepreneur and I Best Wines founder Ingrid Best — 20+ years in wine and spirits (Diageo, Hennessy, LVMH) before launching her own award-winning brand out of South Africa. They talk building a company from scratch, the myth of the "graceful" black woman founder, $0.53-in-the-bank days, and the sisterhood that's carried her through it. Pull up, grab a glass and get Two Personal. 00:00 – Welcome + Ingrid Best intro 00:00:57 – Why wine, why now: from Craigslist ad to Diageo to Hennessy 00:04:15 – Choosing South Africa & building I Best Wines 00:08:24 – "Best" is her real name — family & legacy 00:08:52 – The state of the alcohol industry, moderation & ritual 00:12:51 – Non-drinkers, mocktails & responsible drinking 00:14:44 – What entrepreneurship actually costs 00:22:09 – Being a black woman founder: "you do it so gracefully" 00:26:54 – The Costco moment / building demand 00:30:09 – Asking for help vs. the "graceful" myth 00:42:41 – Sisterhood, grief, and "icon season" 00:46:24 – Learning to ask for help / silencing the ego 00:49:58 – Where to find I Best Wines (Costco, Total Wine, Hollywood Bowl, LAX) + closeSee omnystudio.com/listener for privacy information.

In this special episode of The Canadian Investor Podcast, Simon and Dan make their boldest calls yet for the rest of 2026. With only a few months left in the year, they discuss the trends, companies, and market shifts they believe could surprise investors — from potential winners and losers to unexpected moves that could reshape portfolios. Some predictions may sound unlikely, but that’s the point. Being bold means accepting that some calls will be wrong, while others could look obvious in hindsight. Tune in and let us know which predictions you think will happen — and which ones are completely off the mark. Tickers discussed: CSU.TO, AEM.TO, BYD.TO, GOOS.TO, BRK.B, XEG.TO, XLE, ZEB.TO, HEB.TO, CNQ.TO, CNR.TO, RY.TO, NA.TO, LVMH.PA. Subscribe to our Our New Youtube Channel! Check out our portfolio by going to Jointci.com Our Website Our New Youtube Channel! Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Fiscal.ai for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

Na estreia da nova temporada do Moda Importa, Marcella Lorenzon recebe Su Biazoli como co-host para uma conversa que atravessa algumas das movimentações mais interessantes da moda atual.Por que Copenhague se tornou uma das semanas de moda mais desejadas do calendário internacional? O que uma Havaianas de salto revela sobre a força da estética escandinava? Como Bernard Arnault e a LVMH transformaram o luxo francês em poder econômico, cultural e político? E por que a turnê LUX, de Rosalía, amplia o que esperamos de um espetáculo pop?Um episódio que conecta Copenhagen Fashion Week, moda escandinava, LVMH, família Arnault, cultura pop, figurino, identidade e desejo para mostrar até onde a moda consegue chegar.E falamos de moda, muita moda. Porque moda importa.Siga o Moda Importa no Spotify e avalie o podcast com cinco estrelas para acompanhar os próximos episódios.Trilha:Sonora Trilhas@sonoratrilhasEdição de áudio e vídeo:Fick Branding & Business@fick.ag

Luxus geht immer! Das war einmal. Die Branche schwächelt, vor allem an der Börse. Die Konzerne verdienen zwar noch immer viel Geld, aber die glänzende Story hat Kratzer bekommen, was bei Anlegern nicht gut ankommt. „Der große Wachstumsmotor China stottert. Die Nachfrage aus Asien ist längst nicht mehr so stark wie früher und das belastet die gesamte Luxusbranche“, so Jessica Schwarzer. Die Buchautorin und Finanzjournalistin weiter: „Die Unternehmen verdienen zwar nach wie vor sehr gut, aber es ist eben nicht mehr diese extreme Wachstumsgeschichte. Die Geschichte stimmt noch – aber sie glänzt nicht mehr so wie früher. Wer investiert ist, braucht jetzt vor allem Geduld.“ Alle Details verrät die Buchautorin und Finanzjournalistin im Interview von Inside Wirtschaft-Chefredakteur Manuel Koch an der Frankfurter Börse und auf https://inside-wirtschaft.de

Amazon keeps raising the bar. Steve Dennis and Michael LeBlanc open with the retailer's blockbuster quarter: massive gains in AWS and advertising, staggering AI capex, and retail revenue up 16% year over year, up from 12% last year. Third-party sellers now drive more than 60% of the business, and Citi pegs underlying GMV growth near 10%, roughly double the industry average. Amazon's B2B division alone now tops $60 billion, bigger than all but eleven U.S. retailers. Then the hosts dig into the agentic commerce numbers Amazon disclosed as Rufus folds into Alexa shopping, why sample bias demands caution here, and how grocery momentum is turning Amazon into a mega market-share threat.  Then: Shopify's revenue up 32%, and the tale-of-two-cities reality that a handful of giants now drive nearly all e-commerce growth. A mid-year check on Steve's Prediction #8 — luxury's future won't be evenly distributed. LVMH, Kering, and Capri lag on China softness and war induced Gulf weakness, while Hermès, Ralph Lauren, Richemont, and Zegna keep delivering outsized results. Live from the CommerceNext Growth Show: Kartik Hosanagar. He's Wharton's John C. Hower Professor of Technology and Digital Business, author of A Human's Guide to Machine Intelligence, and co-founder of Bliss Labs. His argument: the biggest shift in retail isn't a new technology or channel. It's a new customer. Treating AI as another distribution channel is the same mistake movie studios made with Netflix. There's no marketing science for AI yet. $9.99 pricing, scarcity, social proof — a model may not respond to any of it. Kartik walks through the Ridge wallet case: invisible in ChatGPT's "gifts for men" results, then the default recommendation within three weeks, complete with a hallucinated promotion. Every retailer faces the same fork: efficiency or meaning. The middle is the most dangerous place to stand. Kartik also details the simulation sandboxes that let brands test counterfactuals in a day instead of eight weeks, why you can't just ask an LLM why it picked a brand, and the three attitudes retailers need now: curious, experimental, collaborative Back in studio: Wayfair's encouraging quarter and Steve's change of heart, Warby Parker's mixed report as store count passes 400, tariff rebates ($100 billion of $160 billion already repaid, more tariffs looming), and whether live selling has hit its tipping point with QVC out of bankruptcy and Whatnot valued at $20 billion. About UsSteve Dennis is a strategic advisor and keynote speaker focused on growth and innovation, who has also been named one of the world's top retail influencers. He is the bestselling author of two books: Leaders Leap: Transforming Your Company at the Speed of Disruption and Remarkable Retail: How To Win & Keep Customers in the Age of Disruption. Steve regularly shares his insights in his role as a Forbes senior retail contributor and on social media.Michael LeBlanc is a senior retail advisor, keynote speaker and media entrepreneur. Michael has delivered keynotes, hosted fire-side discussions hosted senior retail executive on-stage in 1:1 interviews worldwide. Michael produces and hosts a network of leading retail trade podcasts, including The Remarkable Retail Podcast, The Voice of Retail, The Food Professor, The FEED powered by Loblaw and the Global eCommerce Leaders podcast. He has been recognized by the NRF as a global Top Retail Voice for 2025 and 2026 and continues to be a ReThink Retail Top Retail Expert for the fifth year in a row.

In Episode 90 of Openwork, Collective Horology co-founders Gabe Reilly and Asher Rapkin reveal that they've sued the U.S. federal government over the tariffs squeezing the watch industry and small businesses nationwide. They explain why they joined the suit alongside co-plaintiff Burlap Barrel, how the latest Section 301 tariffs continue to limit access to independent watches, and why it's the volatility of trade policy — not just the cost — that makes it so hard for small businesses to plan and grow. The guys then dig into the numbers: the latest Swiss watch export data (up more than 11% year over year in June 2026, with the U.S. driving growth as China slides), the "bullwhip effect" tariffs are having on imports, and fresh quarterly earnings from Richemont, Swatch Group, and LVMH — where jewelry is powering the luxury recovery while watchmaking hangs tougher. Finally, they turn to the shifting Rolex and pre-owned market, where Rolex's share of secondary-market value has hit a seven-year low even as its Certified Pre-Owned program grows into a juggernaut. They close on the retail arms race reshaping the industry — Bucherer's giant new Rolex flagship in New York, fresh boutiques nationwide, and what the rise of big-box players like Watches of Switzerland and the 1916 Company means for family-owned dealers. Openwork is a weekly podcast about how the watch industry actually works. An unfiltered look behind the scenes — no press releases, no hype, and no sponsored takes. Hosted by Asher Rapkin and Gabe Reilly, co-founders of Collective Horology. Available on Apple Podcasts, Spotify, YouTube Music, or wherever you get your podcasts. You can find us online at collectivehorology.com. To get in touch with suggestions, feedback or questions, email podcast@collectivehorology.com.

Lauren's guest is Bernstein analyst Luca Solca. They run through the Q2 2026 earnings reports from LVMH, Kering, Hermes, and more, and take a mid-year temperature check on the industry. Is luxury set for a major comeback, or is the middle ground the new normal for everyone but Chanel? Plus, Lauren reviews purchases from Nike Skims.

Apparently, self-driving cars don't know where they shouldn't park Self-driving cars are proving to be remarkably safe on the road and, so far, have demonstrated a better safety record than human drivers in many situations. However, like all technology, they still lack common sense. They may be able to navigate traffic, but they don't always understand where they can and more importantly, cannot park.   Over the past year and a half or so in Austin, Texas, Waymo's fleet of roughly 300 robotaxis has accumulated nearly $10,000 in parking tickets. While autonomous vehicles are doing well when it comes to following maps and traffic laws, they can become confused in situations that require human judgment. Reports indicate they sometimes struggle to follow directions from first responders, stop in places that block traffic, park in handicap spaces, or fail to recognize tow-away zones.   One notable incident in 2025 involved a Waymo vehicle that stopped on the side of a road in northern Austin while blocking an active railroad crossing. Police reportedly weren't sure how to move the vehicle, so they called a tow truck to remove it. There have also been reports of Waymo vehicles stopping in front of parking garage entrances and parking lot access points for no obvious reason, preventing other drivers from entering or exiting.   These issues will likely be resolved as the technology improves. Still, they highlight an important limitation. These robotaxis can process enormous amounts of data and make incredibly complex driving decisions, but it doesn't possess the instinctive common sense that people rely on everyday. For now, that's one area where humans still have an advantage over machines.   Why Interest Rates Could Stay Higher Than Many Expect One of the biggest debates in financial markets today is where interest rates are heading. While recessions can temporarily push yields lower, there are several long-term structural reasons why interest rates may remain elevated compared to what investors became accustomed to after the 2008 financial crisis.   The first and perhaps most important issue is the federal government's fiscal position. U.S. federal debt has climbed to roughly $40 trillion which is about 120% of GDP, a level that is historically very high outside of major wars or national emergencies. For much of the post-World War II period, debt-to-GDP remained well below current levels before accelerating sharply after the financial crisis and again during the pandemic.   Just as concerning is the federal deficit. The government continues to run annual deficits exceeding 5% of GDP, meaning debt is growing faster than the economy itself. As long as Washington continues borrowing at a pace that exceeds economic growth, the debt burden becomes increasingly difficult to stabilize. More Treasury issuance means investors must absorb a growing supply of government bonds, which can place upward pressure on yields unless demand keeps pace.   Another factor is the Federal Reserve's balance sheet. During the financial crisis and the pandemic, the Fed became one of the largest buyers of Treasury and mortgage-backed securities, helping suppress long-term interest rates through quantitative easing.   While the Fed has begun reducing its holdings, its balance sheet remains enormous by historical standards. Federal Reserve assets of about $6.7 trillion are currently equal to roughly 21% of U.S. GDP. Before the2008-09 financial crisis, the Fed's balance sheet averaged only about 6% of GDP, meaning it remains more than three times larger than its pre-crisis norm. Although assets have declined from the April 2022 peak of approximately $9 trillion, or roughly 35% of GDP, the balance sheet is still exceptionally large compared to history. Another comparison that is troubling is Fed holdings currently amount to about 26.5% of all assets held by U.S. commercial banks versus the norm of about 10% before the financial crisis.   Continuing to shrink the balance sheet would allow private markets to play a larger role in determining interest rates while reducing the Federal Reserve's extraordinary footprint in financial markets. A return toward more normal market functioning would likely mean less artificial downward pressure on long-term yields.   History also provides perspective on where Treasury yields could ultimately settle. Since 1958, the 10-year Treasury yield has averaged roughly 1.92 percentage points above inflation. That is simply a long-run average and there have been periods when the spread exceeded 5 percentage points and others when it turned negative, but it does give some guidance on a normalized level for the 10-year treasury.   When it comes to mortgage rates, they are closely tied to Treasury yields as well. Historically, the spread between the 30-year fixed mortgage rate and the 10-year Treasury yield has generally averaged about 1.5%to 2%, reflecting credit risk, servicing costs, and other factors. Post Covid, this spread did spike to over 3%, but that 1.5% to 2% range seems to be pretty consistent going back to 1990. If Treasury yields remain structurally higher because of persistent deficits, elevated debt levels, and a still-large Federal Reserve balance sheet, mortgage rates could also remain above the exceptionally low levels many homeowners became accustomed to.   None of this means rates cannot decline during economic slowdowns or recessions. They almost certainly will at times. But investors expecting a permanent return to near-zero interest rates may be overlooking the structural forces now shaping the bond market. High government debt, persistent fiscal deficits, continued Treasury issuance, and a Federal Reserve balance sheet that remains well above historical norms all suggest that the era of ultra-cheap money may prove to be the exception rather than the rule.   Should You Buy or Sell That Luxury Brand Stock? Luxury brand stocks that sell high-end handbags, jewelry, and other luxury goods have been in a bear market for the past couple of years. After aggressively raising prices during and immediately following the pandemic, it appears the buying frenzy for luxury products has faded.   There may be one bright spot beginning to emerge, particularly in the jewelry category. Richemont, the parent company of Cartier, Van Cleef & Arpels, and Buccellati, reported a 24% year-over-year increase in jewelry sales in its most recent quarter. If you don't recognize those brands, don't worry, the important takeaway is that they sell some of the world's most expensive jewelry, and demand in that segment has remained surprisingly resilient.   Luxury giants, including Kering, the parent company of Gucci, as well as LVMH and Hermès have suffered steep declines over the past few years. LVMH has fallen from more than $900 per share to around $500, while Kering has dropped from over $900 to roughly $300 as Gucci's sales have struggled.   During the pandemic, some consumers even purchased luxury handbags with the expectation that they would appreciate in value. While a handful of extremely rare bags have done just that, those cases are the exception rather than the rule. If you're buying a luxury handbag, buy it because you genuinely enjoy it not because you expect it to become a profitable investment.   The same caution applies to the stocks. My view is that the surge in luxury spending during and immediately after COVID was fueled by an extraordinary amount of stimulus money and excess savings, creating an artificial spike in demand. As those conditions have faded, so has the appetite for expensive discretionary purchases.   While there may be periods of recovery, especially in categories like jewelry, I don't expect the luxury sector to return to the pandemic-era buying frenzy anytime soon. That makes me cautious on both the products themselves as investments and the stocks that depend on that level of consumer spending.   The Paramount deal just can't stay out of the news Next month will mark one year since Paramount began its pursuit of Warner Bros. What started as an unsolicited bid eventually turned into an agreement for Paramount to acquire Warner Bros. in an $81 billion deal. However, the transaction continues to face significant legal hurdles.   Several state attorneys general have raised antitrust concerns, forcing the deal into the court system. In the meantime, Paramount has agreed to pay a $650 million per quarter "ticking fee" if the deal is not completed by September 30. On top of that, the company's legal bill has already reached roughly $160 million, and the case hasn't even gone to trial yet.   The costs only increase from here. If the merger is ultimately blocked or isn't completed by June 2027, Paramount would owe Warner Bros. a staggering $7 billion breakup fee.   Paramount is pushing to begin the trial by November 4, but the attorneys general seeking to block the deal want to delay proceedings until next April. Paramount does have some leverage, as it has major operations and thousands of employees in states such as California, New York, and New Jersey. Even California Governor Gavin Newsom has encouraged the state's attorney general to find an out-of-court resolution.   For investors, this has been an extremely nerve-racking situation. Paramount shares are currently trading around $8, down roughly 41% year to date after starting the year near $13.40 per share. Every delay adds more uncertainty, more legal expenses, and more ticking fees.   There are also strong incentives for the companies involved to get the deal across the finish line. Warner Bros. CEO David Zaslav could reportedly receive compensation worth more than $800 million if the transaction is completed, giving him a significant financial incentive to see the merger succeed.   This will likely continue to test shareholders' patience. As the legal battle drags on, the legal bills and ticking fees continue to pile up. It makes me wonder: Is this deal really worth it for David Ellison and Paramount?   Should U.S. Car Makers Like Ford and General Motors Diversify Their Businesses? It's no secret that the auto industry is highly cyclical, with periods of strong demand followed by inevitable slowdowns. Right now, both Ford and General Motors are generating significant cash flow and posting solid earnings despite paying billions of dollars in tariff costs and writing off substantial losses from their electric vehicle investments. But the question investors should be asking is: when does the party end?   One concern is affordability. New vehicle prices continue to rise, making it increasingly difficult for many consumers, especially younger buyers, to purchase a car. At the same time, younger generations simply don't seem as excited about getting behind the wheel as previous generations were.   The numbers are striking. Today, only about 25% of 16-year-olds have a driver's license, roughly half the percentage from 1980, when about 50% were licensed. Even among 18-year-olds, only around 60% have a driver's license today, compared with roughly 80% nearly five decades ago. Ride-sharing services such as Uber and Lyft have made it easier for young adults to pay for transportation rather than own a vehicle themselves. I also can't help but wonder how that's changed the dating scene compared with past generations.   The auto industry has faced this type of challenge before. During the 1980s, both Ford and General Motors spent billions of dollars diversifying into financial services and defense businesses. Meanwhile, Toyota stayed focused on building reliable, high-quality vehicles that consumers wanted to buy. While Detroit was chasing diversification, Toyota was steadily gaining market share with better products.   I hope today's management teams remember that lesson. Auto manufacturing will always be cyclical, and no business grows every single year. The best long-term strategy may be to focus on building vehicles that customers genuinely want rather than chasing growth in unrelated industries.   That said, there are signs that history could be repeating itself. Ford recently announced Ford Energy, a grid-scale battery storage business, while General Motors continues expanding its military vehicle business and is working with Lockheed Martin on defense-related technologies. These ventures could prove successful, but investors should hope management doesn't lose sight of its core business.   History has shown that the companies producing the best vehicles over the long run are usually the ones that create the most value for shareholders.   A Weak Jobs Report, But There Were a Few Bright Spots There is no sugarcoating it, today's jobs report was weaker than expected and adds to the evidence that the labor market is continuing to cool. Total nonfarm payroll employment fell by 23,000 jobs in the month and May and June saw a combined negative revision of 103,000 jobs. May was revised from 129,000 to 66,000 and June was revised from 57,000 to 20,000.   Even though the report was softer than anticipated, the headline payroll number doesn't tell the entire story. A meaningful portion of the weakness came from government employment as it fell by 53,000 jobs in the month. Local government education jobs were particularly weak with a decline of 50,000 jobs as they can be volatile during the summer because of seasonal adjustments.   There also appear to be temporary distortions related to the FIFA World Cup, which likely shifted hiring patterns. Leisure and hospitality showed a decline of 40,000 jobs and retail trade declined by 19,000 jobs. Those factors don't erase the weakness, but they do suggest the private sector wasn't quite as soft as the headline number implies.   There were still several areas of strength in the report worth highlighting. Healthcare remained a key driver of payroll growth, adding 22,000 jobs. While that was below its 12-month average of 36,000, it continues to be one of the strongest and most consistent sources of job creation. Construction also posted a solid gain, with payrolls increasing by 22,000, suggesting that demand in the sector remains resilient despite elevated interest rates and ongoing affordability challenges.   The unemployment rate remained one of the stronger aspects of the report, falling to 4.1%. By historical standards, that still reflects a relatively healthy labor market. However, there is an important caveat. The labor force participation rate declined again, meaning fewer Americans were either working or actively looking for work.   The participation rate fell to 61.4%, its lowest level in more than five years and, excluding the Covid pandemic, the lowest reading in roughly 50 years. Likewise, the employment-to-population ratio slipped to 58.9%, its lowest level since May 2014. A declining participation rate can make the unemployment rate appear stronger than it actually is because people who stop looking for work are no longer counted as unemployed.   One positive development was wage inflation. Average hourly earnings continued to moderate, with annual wage growth slowing to roughly 3.2%. That's much closer to a pace consistent with the Federal Reserve's inflation target and suggests wage pressures are continuing to ease without collapsing. Slower wage growth should help reduce inflationary pressures while still allowing workers to see income gains.   The next few monthly reports will be important. If private-sector hiring continues to weaken and participation keeps falling, concerns about the broader economy will likely increase. But if today's weakness proves to be exaggerated by temporary factors, the labor market may still be on track for a gradual slowdown rather than a sharp deterioration.   Financial Planning: Understanding Net Unrealized Appreciation (NUA) Employees who have built up significant company stock inside their 401(k) may have a valuable tax planning opportunity called Net Unrealized Appreciation (NUA). NUA allows retirees to move company stock from their retirement plan into a brokerage account and receive long-term capital gains treatment on the stock's growth instead of paying higher ordinary income tax rates. The benefit of NUA can be significant for employees who purchased company stock at a low cost and saw it grow substantially over time. However, the decision involves a tradeoff: the stock's original cost basis becomes taxable as ordinary income in the year of distribution in exchange for the benefit of receiving long-term capital gains treatment on the appreciation when shares are eventually sold. If the cost basis is too large, the upfront tax liability may outweigh the potential tax savings, and keeping the stock inside a retirement account and paying ordinary income taxes on future withdrawals may be the better strategy. Companies: Chipotle Mexican Grill, Inc. (Ticker: CMG)

To say that Coco Chanel was influential in fashion would be a huge understatement. Ever heard of the little black dress? Dave Young: Welcome to the Empire Builders Podcast, teaching business owners the not-so-secret techniques that took famous businesses from mom-and-pop to major brands. Stephen Semple is a marketing consultant, story collector, and storyteller. I’m Stephen’s sidekick and business partner, Dave Young. Before we get into today’s episode, a word from our sponsor, which is, well, it’s us, but we’re highlighting ads we’ve written and produced for our clients. So here’s one of those. [Oliva Gibbs Law Ad] Dave Young: Welcome back to the Empire Builders Podcast. And Dave Young here, Steve Semple over there. That doesn’t mean anything if you’re just listening to this in your car. I don’t know which one of us is here and which one of us is over there. But Stephen told me as the countdown started, he said, “Hey, I got another fashion topic for us.” And I’m like, “Shh, quiet. Let me guess. Let me guess because knowing me, maybe it’s something I know this time.” Right? Right. So I’m thinking Columbia fishing shirts. Stephen Semple: I think your other guess was Carhartt. Dave Young: Carhartt? Pants from Walmart or Sam’s Club. Probably not those, knowing you and your European travels and your fine taste. Stephen Semple: I think you’ve heard of this one though. I think you’ve heard of Chanel. Dave Young: Oh, Coco Chanel. Stephen Semple: Yes. Dave Young: She was in tight with the Germans, wasn’t she? Sort of accused of that? There’s intrigue. There’s movies. Stephen Semple: Oh yeah. Dave Young: There’s a whole miniseries and things. Stephen Semple: There’s a whole bunch of stuff about Coco Chanel, but she did a lot of innovation in fashion man. And I’m going to say this is one, given some of the background things that happened, I struggled a little bit with sort of creating the through line here because I didn’t want all of that stuff to overshadow some of the amazing things that she actually did in the fashion world that was unbelievably innovative. Dave Young: Cool. Stephen Semple: And today, Chanel remains one of the largest, most profitable luxury companies in the world. They are privately owned by a German family, the Wertheimer family. And so therefore, it doesn’t receive the same attention because it’s not publicly traded, but they do publish annual financials. And so 2025 revenue was 19.3 billion US, profit of 4.7 billion, 38,000 employees operating in a hundred countries. And to put that in perspective, that makes them the same size as Hermes, makes them bigger than Ferrari, 50% larger than Rolex. Really about the only one that’s larger is LVMH, but LVMH is like 75 luxury brands. So it’s a big deal. Really, really big deal. One of the other things I found interesting is they own dozens of these specialist artistry that do embroidery and feathers and- Dave Young: Really? Stephen Semple: … and do other luxury components. And they pretty routinely invest about a billion dollars annually in capital investment. Dave Young: Wow. Stephen Semple: They’re an interesting company, especially when you consider it all started with one tiny shop that sold hats in 1910. Dave Young: Hats? 1910? Stephen Semple: Just hats, yeah. Coco was born Gabriela Chanel. The name Coco was actually a nickname that came later when she was doing singing in Samoa, France in 1883. So in 1885, her mother dies. She’s 12 years old. She goes to an orphanage where she learns how to sew. Now in 1903, she’s working as a clerk in a seamstress in a shop in Milan that sells lingerie and linens and hosieries and things along that lines. And she’s also singing in cafes, which is where she gets the nickname Coco. Dave Young: Okay. Stephen Semple: Now it’s here that she meets Etienne Balsan, who’s an aristocrat, and Coco becomes his mistress and lives with him. And one of his passion is breeding horses. So she gets into the whole horse set thing. And there’s these early pictures that show her kind of really dressed very tomboyish for the time, really dressed for the outdoors. And she starts making hats and she wants to open a store selling hats. Now he feels this is kind of a bit of a passing fancy. So he lends her some money and says, “You can do this out of my apartment in Paris, but we’re not going to do this real store thing.” And during this time, she meets a friend of his, Arthur Boy Capel, who’s a coal mining millionaire. And for a short period of time, the three of them are kind of a triumvirate, but she falls in love with Boy and runs off with Boy to Paris. Dave Young: Okay. Stephen Semple: Now, this is where things are interesting. They create a gentleman’s agreement on finances. Capel finances the business and Balsan provides the location for their previously shared, I don’t know what status we’re talking about, but this is the part of the story I struggled with because on one hand you could look at this and say she couldn’t have done this without these rich men. But we also got to remember the rules at the time were so limiting for women. She couldn’t have signed a lease. She couldn’t have borrowed money at a bank. All of these things were such that that was the only way you could do something like this. Today she would’ve done it on her own. I’m completely convinced of that. Dave Young: Well, and you also have to say they couldn’t have done it without her. Stephen Semple: Absolutely, they couldn’t. Absolutely, they couldn’t. But find sometimes these things can diminish her accomplishments and her accomplishments are absolutely immense. So in 1910, she opens her first store at 21 Rue Cambon in Paris selling hats. But this is what made her hats different. At the time, women’s hats were headache-inducing, large, fuzzy, gauze, feathers, really, unbelievably ornate and hard to wear. You actually had hat pins to keep them on and all this other crap. Her hat’s still large, but they were simple and comfortable. That was her big thing. I want them to be simple and comfortable. Now, location she was in also already had a dressmaker, so she couldn’t make dresses. So she was doing these hats. And then in 1913, she opens a location in Deauville selling dresses. Again, here’s what she did different. Dresses at the time were these heavy corseted affairs. Hard to move in, hard to wear, uncomfortable. She made things that were simple and comfortable. This is what made Chanel so interesting. Simple and comfortable. Rather than being dazzled by aristocracy, she noticed something else. What she noticed is their fashion looked and felt uncomfortable. Huge hats, corsets, heavy dresses. Women may have looked elegant, but they just couldn’t move around. And this observation of hers created the opportunity. She didn’t just build a better product. She built a different philosophy. Most designers at the time were asking this question, “How can I make women look more extravagant?” Chanel asked the question, “How can I make a woman look elegant and feel free?” Dave Young: Okay. Stephen Semple: Which is a different question. Dave Young: It’s a big difference. Stephen Semple: Yeah. It is a big difference. And if you think about it, really what she created was first casual wear. Dave Young: Yeah. Stephen Semple: Right? Dave Young: Yeah. Stephen Semple: That’s really the category that she invented. So her next innovation came in 1913 with the dress store in Deauville where she started using this fabric called Jersey Fabric. Now, it’s a cheap fabric that up to this point had only been used for men’s underwear. But what she liked about it was comfortable. It was flexible. It was light. It was easy to wear. So she found this thing that everyone was dismissing, but she saw a value that no one else saw, and she changed the story around it. She basically, again, invented sportswear using this fabric. Isn’t that incredible? Now, here’s her other big innovation, and I didn’t realize this. She’s the one who invented the idea of the little black dress. Dave Young: Oh, I think I have a glimpse of that in the back of my storehouse of strange facts, but I probably couldn’t have pulled it out. Stephen Semple: Which is incredible how iconic that is. This happened in 1926. So before 1926, early 1920s, black was not considered fashionable for everyday wear. Black clothing was for mourning, was for widows, was for domestic servants, religious dress. That’s what it stood for. And she managed to take black, which let’s face it, no positives there, and made it elegant wear. If you were a wealthy woman at the time attending a social event, you were expected to wear colorful fabrics, elaborate embroidery, beads, lace decorations. Black was considered too plain. But what Chanel saw was after World War I, the world was changing. A middle class was emergent. Women had worked in factories, they were becoming independent, they were driving cars, they were playing sports, they were entering professional life, and their clothing hadn’t caught up. Chanel believed elegance wasn’t about showing wealth, it was more about confidence. So she stripped away everything that was unnecessary. If you think about the real breakthrough moment on this was in October 1926, Vogue published Chanel’s simple black crepe dress, and the magazine called it the Ford of Chanel. Dave Young: The Ford of Chanel. Stephen Semple: The Ford of Chanel. Dave Young: Yeah, like a model piece. Stephen Semple: Because it was simple, it was reliable, it was accessible, it was timeless, and it was suitable for almost everyone. So instead of being this hope couture that only a handful of women could wear, Vogue predicted that this dress would become the universal uniform for stylish women. And they were right. Dave Young: Stay tuned. We’re going to wrap up this story and tell you how to apply this lesson to your business right after this. [Using Stories To Sell] Dave Young: Let’s pick up our story where we left off, and trust me, you haven’t missed a thing. Stephen Semple: Instead of being this hope couture that only a handful of women could wear, Vogue predicted that this dress would become the universal uniform for stylish women. And they were right. Dave Young: I don’t know. I’m no expert on those times, but when I think of other black garb and we talk about funerals and religious orders and things like that, you think of the flowing robes of a nun or the just frilly, lacy, Victorian era, I don’t even know, dresses that you see women in mourning in, right? Widows and things. And they look extremely bulky and hot and folded and frilly and uncomfortable. And she stripped all that away to where it’s just… What it really emphasized is form. Stephen Semple: Yes. Dave Young: And let you accessorize and add accents, right? Stephen Semple: Exactly. Dave Young: You show your arms, that’s like accessorizing the little black dress. And it highlights a piece of jewelry. Stephen Semple: Absolutely. Yeah. So what she removed was the heavy embroidery, the bright colors, all of those things. And social rules. She changed social rules around it. So what’s left? A clean silhouette and this simplicity that shifted the attention from the dress to the woman wearing it, which was a revolutionary concept. Dave Young: Before that, you would identify basically identity by the wearing of black. There’s a nun, there’s someone mourning. Stephen Semple: There’s a woman in mourning. Yeah. But the other thing is it changed the economics of fashion. To your point, Dave, simply change the shoes, the jewelry, the handbag, the scarf, and you change the outfit. And the same dress could be worn lunch, dinner, work, party. Today we call this versatility. Back then, revolutionary. Dave Young: Well, and honestly, in the mind, and we talk about this in our portals and the 12 languages, the mind class, the more you layer on things that. If you’re trying to say mourning, you’re mourning someone. Okay, black, folds, lace, hat, veil, all of the things that you associate with mourning. If you’re trying to say a nun, it would be folds and layers and nothing showing except maybe a little white in the hat or somewhere around the edges. And the more things that you layer on that provide it with the reinforcement of that meaning, the more deeply it’s felt to be understood. So you look at someone that’s wearing all that and you say, “Oh, this is a person that’s in mourning.” And if you strip all those things away and you do something that is different, that makes your head kind of go, “Wait, what’s this?” Instead of being, “Oh, this is a nun.” You say, “Oh, who are you?” You raise interest. You raise interest. Stephen Semple: See, this is what she understood. Oh yeah, but wouldn’t it be so easy to go, you can’t do black because black stands for all these negative things. But what she understood exactly what you’re saying, if I strip away all these things, I’m actually creating a new meaning to this color. I’m actually changing the language it’s speaking, which is so difficult and so amazing and so brilliant on her part. And it’s interesting when you think about she changed the economics of fashion so that essentially what used to happen with elegance is a wealthy woman would own a dozen elaborate dresses. Now, what could happen is a woman of means could have one beautifully designed dress that could do the work of many. So she changed that. You know who else did that when we think about it? If we go back to our early episode of M.M. LaFleur where she looked at fashion and she was a working woman, professional working woman, and she said, “You know what? Fashion doesn’t work for a woman in an office. I need to change the rules. It needs to have a pocket that works, needs to pass the New York taxi test. I can slide out of a taxi with skirt hiking up. I need to be able to bend over and get out a file without Cleavage showing.” But again, changed the rules around fashion. This is what Chanel did. And the interesting thing is luxury used to say the language of all this dress and whatnot was, how much money can I spend? Where the little black dress said, “I don’t have anything to prove.” It threw out a very different signal. It really was a dress innovation. For her, black was grief. After her, black was sophistication. Dave Young: Yeah, and mystery. It’s an intrigue as opposed to, “Well, I get this.” Stephen Semple: She persuaded society to see black differently. How freaking incredible is that? That is remarkable. Dave Young: She did removing most of the black. Stephen Semple: Yes. Yes. Very few people have had that type of cultural influence. So when I was looking at this, I went, “Oh man, she is a remarkable woman to be able to do that.” So when you step back and you think about the hats, the jersey sportswear, the little black dress, they all followed the same pattern. They weren’t three separate innovations. They were three expressions of one insight. And that insight was women wanted to feel free, not dressed. The hats removed the enormous feathers and decorations. The jersey sportswear removed the stiff, restricted fabrics, and the little black dress removed all the unnecessary ornamentation. And she did one other thing to further free women, handbags. She was the first person to add the shoulder strap to a handbag, freeing the hands. Dave Young: All right. I never think of that, but you’re absolutely right. Stephen Semple: The question she was constantly asking is how do I give women more freedom while making them feel even more elegant? That was the philosophy of the company. Dave Young: That’s so cool. Stephen Semple: Yeah. So she became an empire because the hats were successful. The Jersey clothing was successful. Little black dress was successful, all because they proved that same idea. Elegant should never come at the expense of freedom. And that’s the thing she pursued. And when we think about it, at the time, that was even a revolutionary idea. Dave Young: Yeah, absolutely right. Absolutely right. Stephen Semple: It was what we would call a bold idea. A bold, bold idea. Dave Young: I want to watch this movie about Coco Chanel, not the one where she gets. In the ’30s and ’40s, she got caught up with financial problems because everybody in Paris did. The market goes away and she was doing what she needed to do. Leave it at that. Stephen Semple: And that’s it. And there’s all sorts of things around how the ownership will come back and forth. And she left for a while and was brought back. But I decided, you know what? Dave Young: Yeah, that’s not what built her brand. Stephen Semple: And her brilliance was bold. These ideas seem obvious today, but they were bold change ideas that changed the way the world looked at fashion, changed the way the world looked at the color black. And anybody who does that is a remarkable innovator who took this bold idea and ran it out there. Dave Young: I love it. I love it. Thank you for sharing the Coco Chanel story. Stephen Semple: Remarkable woman. Yeah. Dave Young: Next week we’re going to explore the fashion options in the fishing section of Walmart. Maybe we won’t do that. Stephen Semple: People will start thinking you fish. Dave Young: I don’t. No, I absolutely don’t, but I absolutely do. I like fishing shirts. I just do. They’re comfortable. They breathe a little. Stephen Semple: There you go. Dave Young: You’d be surprised. Nevermind. You don’t want to know where to. I’ll tell you anyway, you’d be surprised if you go to the fishing section of Walmart to look for a shirt because you don’t expect to find a colorful, bright, comfortable shirt in the fishing section yet there they are. Stephen Semple: There they are. All right. Awesome. Dave Young: Thank you for bringing Coco Chanel to the Empire Building. Stephen Semple: I don’t know where to go with all this. No, we’re done. We’re done. Stick a fork in it. Thanks, David. Dave Young: See you next time. Thanks for listening to the podcast. Please share us, subscribe on your favorite podcast app, and leave us a big fat juicy five star rating and review at Apple Podcasts. And if you’d like to schedule your own 90-minute Empire Building session, you can do it at empirebuildingprogram.com.

A six-part investigation by the French newspaper Le Monde has portrayed the luxury conglomerate LVMH as in the midst of a Succession-style drama, controlled by an ageing king: Bernard Arnault. Arnault made his first appearance on X to post a three-page sarcastic takedown of the piece. So what's really going on? This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestoryGuest: Peter Conradi, Europe editor, The Sunday Times.Host: Luke Jones.Producers: Taryn Siegel, Olivia Case.We want to hear from you - email: thestory@thetimes.comRead more: France's last monarch? Not moi, says luxury king Bernard ArnaultClips: Dior, Sephora, Fenty, IG/Puckdotnews, CNN, CNBC, Legend podcast.Photo: Getty Images. Hosted on Acast. See acast.com/privacy for more information.

Après l'incident OpenAI-Hugging Face, trente cinq entreprises de tech appelle à une IA plus ouverte • Plus de 1.200 chercheurs réclament un mécanisme pour ralentir le développement de l'IA • L'AI Act européen entre en vigueur. • Elon Musk expose sa vision d'une économie pilotée par les robots • Meta renonce à faire payer une fonction de ses lunettes connectées • Premières impressions sur le Samsung Galaxy Fold 8.Avec Bruno Guglielminetti (Mon Carnet).===============Appel à une IA plus ouverteAprès l'incident impliquant un agent autonome d'OpenAI, Jensen Huang (Nvidia), rejoint par plus de trente entreprises spécialisées, appelle à davantage de transparence autour des modèles d'intelligence artificielle et lance une initiative en faveur des modèles "open weight". Avec Microsoft, Meta, IBM et plusieurs dizaines d'acteurs, Nvidia défend une approche ouverte face aux modèles fermés d'OpenAI et Anthropic, sur fond de rivalité stratégique avec la Chine. Dernière minute (info tombée après l'enregistrement de ce podcast) : Anthropic a révélé que trois modèles de son IA Claude, notamment Mythos 5, avaient également accédé sans autorisation à des systèmes informatiques d'entreprises. Les chercheurs demandent un frein d'urgencePlus de 1.200 chercheurs, ingénieurs et dirigeants issus notamment d'OpenAI, Anthropic, Google DeepMind et Meta réclament la mise en place d'un mécanisme permettant de ralentir le développement des modèles les plus puissants si leur évolution devenait incontrôlable. Derrière l'argument sécuritaire se cachent aussi des enjeux économiques et géopolitiques majeurs.Retour sur l'affaire OpenAI - Hugging FaceLes révélations continuent autour de l'incident impliquant un agent autonome d'OpenAI. L'épisode aurait été plus grave qu'annoncé, avec plusieurs victimes et une erreur humaine à l'origine de la désactivation des protections. Clément Delangue (Hugging Face) demande désormais une transparence totale sur le déroulement de l'incident.Mythos découvre des failles critiquesLe modèle Mythos continue d'inquiéter après la découverte de vulnérabilités inédites touchant des briques fondamentales de la sécurité informatique, notamment des mécanismes cryptographiques. Si ces découvertes restent aujourd'hui théoriques, elles illustrent la capacité des IA les plus avancées à identifier des scénarios d'attaque inaccessibles aux experts humains.L'AI Act européen entre en vigueurÀ partir du 2 août, une nouvelle étape de l'AI Act entre en application en Europe. Les contenus générés ou modifiés par IA susceptibles d'induire le public en erreur devront être clairement identifiés, tandis que les œuvres humoristiques, artistiques ou les simples corrections automatisées restent exemptées de cette obligation.Les milliardaires arrivent sur XLa semaine a été marquée par les débuts de Jensen Huang (Nvidia) et Bernard Arnault (LVMH) sur X. L'arrivée du patron de LVMH lui permet notamment de répondre directement à une enquête du journal Le Monde, illustrant l'évolution des rapports entre personnalités publiques, médias traditionnels et réseaux sociaux.Elon Musk imagine un monde d'abondanceDans une longue interview accordée à The Economist, Elon Musk (xAI, Tesla, SpaceX) défend sa vision d'une économie presque entièrement automatisée où les robots produiraient l'ensemble des biens et services. Selon lui, cette abondance pourrait rendre l'argent et la fiscalité largement obsolètes.Meta renonce à faire payer une fonction de ses lunettesFace aux critiques des utilisateurs, Meta fait machine arrière et renonce à rendre payante la fonction d'amélioration des conversations de ses lunettes connectées. Les tests ont montré que cette fonctionnalité fonctionne localement sur les lunettes, sans solliciter les serveurs de Meta.Prise en main du Samsung Galaxy Fold 8Bruno partage ses premières impressions sur le nouveau smartphone pliant de Samsung. Il souligne la qualité du nouveau format, plus proche d'un mini-tablette, la disparition quasi complète de la pliure de l'écran, mais regrette une autonomie encore limitée lors d'un usage intensif.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Subscribe to Throwing Fits on Patreon. Dare to dream a little smaller, darling. This week, Jimmy and Larry are breaking down all the details of their latest collab with Sun Buddies which is available right now, iconic cafe reposts, driving the deal sleds like they're stolen because they are, microchecks, unpacking James' latest nightmare which involves menswear content creation, we'll be in Copenhagen next week, Danish vs. Icelandic glizzies, financial empathy, luxury facials at the Dior Beauty spa, extraction satisfaction, quarterly skincare routine check-ins, Bushwick rooftop pools, Lawrence is officially Upstate New York pilled, from the sauna to the creek, forgetting you gave a bunch of sick gifts, LVMH's Bernard Arnault joins Twitter to clap back against a 6-part exposé that basically accuses him and his family of being Succession, being evil and funny are not mutually exclusive, LeBron James is joining the Sixers but reverse commuting from New York City via helicopter which officially makes him the city's latest transplant, and much more.

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks Podcast YouTube channel at 5:00 PM EST. This week we discussed: (00:00) Introduction (02:31) AI Hedge Fund 'Situational Awareness' Sells Major Holdings (14:44) Amazon's Impressive Quarterly Results and Growth Drivers (17:10) Google Cloud and Cloud Revenue Growth Insights (21:52) Microsoft Earnings: Cloud, Office, and Gaming Performance (26:36) Korean Market Volatility and Degenerate Trading Culture (35:01) Robinhood's Prediction Markets and Trading Incentives (40:21) Meta's Earnings: Spending, AI, and Metaverse Investments (50:23) Luxury Goods Earnings: Hermes, Ferrari, and LVMH (59:25) Insider Trading and Political Connections in Stocks (01:01:21) NVIDIA's Support for OpenAI and Data Center Projects (01:02:06) Market Bubble Indicators and Blow-Off Tops ***************************************************** Subscribe to Emerging Moats Research: emergingmoats.com  ********************************************************************* Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today:  https://www.interactivebrokers.com/  Interactive Brokers is a member of SIPC.  ********************************************************************* Fiscal.ai is building the future of financial data. With custom charts, AI-generated research reports, and endless analytical tools, you can get up to speed on any stock around the globe. All for a reasonable price.  Use our LINK and get 15% off any premium plan: ⁠https://fiscal.ai/chitchat  ********************************************************************* Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Learn more about your ad choices. Visit megaphone.fm/adchoices

C dans l'air du 30 juillet 2026 - Trump : Pékin dans le collimateurPrésentation Salhia BrakhliaLa confrontation s'intensifie entre Washington et Pékin. Après les nouveaux droits de douane imposés ces derniers jours, l'administration Trump vient d'interdire l'importation de nouveaux robots humanoïdes chinois, invoquant des risques d'espionnage et de sécurité nationale. Une décision qui marque une nouvelle étape dans la guerre technologique entre les deux premières puissances mondiales.Cette montée des tensions intervient alors que la Chine accélère son rattrapage dans les secteurs stratégiques. Les industriels chinois progressent rapidement dans les semi-conducteurs et l'intelligence artificielle, au point d'inquiéter Washington, qui cherche à freiner l'essor technologique de son principal rival.Dans le même temps, Donald Trump accuse désormais la Chine d'avoir cherché à influencer l'élection présidentielle américaine de 2020 et promet de nouvelles mesures de rétorsion si ces accusations sont confirmées. Pékin dénonce une escalade protectionniste et rejette toute ingérence.Pendant ce temps, Taïwan tente de réduire sa vulnérabilité face à la Chine. Après plusieurs incidents touchant les câbles sous-marins, essentiels aux communications Internet de l'île, Taipei espère compter sur Starlink. La constellation d'Elon Musk est considérée comme une solution de secours en cas de sabotage à grande échelle par Pékin.En France, le marché chinois reste essentiel pour les grands groupes français, notamment dans le luxe. Bernard Arnault, le patron de LVMH, est régulièrement reçu en Chine avec des égards habituellement réservés aux chefs d'État. Un symbole de l'importance que Pékin accorde aux investissements et aux marques françaises.Alors, jusqu'où Trump ira-t-il dans son bras de fer avec Pékin ? Taïwan peut-elle garantir ses communications face à la menace chinoise ? Quel rôle Bernard Arnault peut-il jouer dans la relation entre Paris et Pékin ?Nos experts :- Gaëlle Macke - Directrice déléguée de la rédaction à Challenges- Philippe Dessertine – Économiste, professeur à l'Université IAE Paris Panthéon Sorbonne, auteur de L'horizon des possibles- Laure Pallez - Directrice associée de Mascaret et experte des relations sino-américaines- Anthony Bellanger - Éditorialiste à Franceinfo TV, spécialiste des questions internationalesPRESENTATION : Caroline Roux - Aurélie Casse - REDIFFUSION : du lundi au vendredi vers 23h40.PRODUCTION DES PODCASTS: Jean-Christophe ThiéfineRÉALISATION : Nicolas Ferraro, Bruno Piney, Franck Broqua, Alexandre Langeard, Corentin Son, Benoît LemoinePRODUCTION : France Télévisions / Maximal ProductionsRetrouvez C DANS L'AIR sur internet & les réseaux :INTERNET : francetv.frFACEBOOK : https://www.facebook.com/Cdanslairf5TWITTER : https://twitter.com/cdanslairINSTAGRAM :https://www.instagram.com/cdanslair/

A.M. Edition for July 29. Oil prices rise after Iran launches a surprise missile attack on U.S. forces. Plus, Europe's luxury brands try to move past years of sluggish demand. And as Meta spends big on its AI transformation—technology CEO Mark Zuckerberg says the U.S. should help to accelerate—Journal reporter Meghan Bobrowsky says a host of lawsuits could cost it billions. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jewellery and a strong North American market helped luxury goods giants LVMH and Kering grow sales even as promblems in the Middle East and China hampered the sector overall. We get insight from the former head of LVMH's head of North America. Elsewhere, it's "the same again" for tech investors in Asia, as trading on the Kospi index is holted to stave off a rout after Korean chipmakers SK Hynix and Samsung saw further sharp falls in their share prices. World Business Express - Finance, economy and business news from BBC journalists around the world. The stories that matter: World Business Express brings you the essentials on the fast-changing global economy.

A crucial gauge of risk in holding the debt of companies at the centre of the AI boom has hit a record high, private capital group Ares Management has held talks to acquire Leonard Green & Partners, and French company TotalEnergies will be able to continue selling gas from its flagship Siberian project to Asia. Plus, institutional investors are snapping up bundles of UK homes at large discounts and sales at LVMH's key fashion and handbags division returned to growth for the first time in two years.Mentioned in this podcast:Big Tech credit risks hit record highs as AI spending soarsAres Management has held talks to buy Leonard Green PartnersInvestors snap up bundles of UK properties as housebuilders offer discountsTotalEnergies benefits from EU sanctions reprieve on Russian gasDior rebound helps LVMH's fashion business return to growthSave 10% on tickets with the code FTPodcast. Visit ft.com/festival to find out more.Want to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Another day, another circuit breaker on the Kospi: AI capex fears spill across Asian equity markets, on the back of a five-percent slump in Nvidia shares that sees Apple regain its crown as the world's most valuable public company. In other news, oil prices extend yesterday's declines amid hopes for some kind of resolution to the Iran conflict. LVMH gets a lift as sales inch higher in the second quarter, with US strength helping the company to shrug off weaker demand in Europe. And Mercedes-Benz sees a boost in second quarter operating profit but warns of intense competition and subdued demand in China.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In der heutigen Folge sprechen die Finanzjournalisten Lea Oetjen und Holger Zschäpitz über liederliche Märkte, ein mattes Lebenszeichen von LVMH und einen Rekord bei der Odysseus-Aktie. Außerdem geht es um AMD, SanDisk, ASML, Lam Research, Nvidia, SAP, Atoss, Nemetschek, Ionos, Teamviewer, Infineon, BE Semiconductor, Hochtief, Lufthansa, Air France, BP, Eni, Eon, RWE, Vodafone, Zalando, Scout24, Ubisoft, IMAX, CXMT, Tencent, Samsung, SK Hynix, Micron, SpaceX, KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF (WKN: A3CU6C), Invesco EQQQ Nasdaq-100 UCITS ETF (WKN: 801498), Xtrackers Harvest CSI300 UCITS ETF 1D (WKN: DBX0NK), iShares MSCI China A UCITS ETF (WKN: A12DPT), HSBC Hang Seng TECH UCITS ETF (WKN: A2QHV0), Vanguard EUR Corporate Bond ETF (WKN: A143JK), PIMCO EM Advantage Local Bond ETF (WKN: A1W95H), Global X SuperDividend ETF (WKN: A3DEKS), IncomeShares Gold+Yield ETF (WKN: A4AH1M) und IncomeShares Silver+Yield ETF (WKN: A4AN02). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Anzeige: Eight Sleep: Der Pod 5 reguliert die Temperatur im Bett automatisch, trackt Schlaf- und Gesundheitswerte ohne Wearable und kann so zu besserem Schlaf beitragen. Mit dem Code ALLESAUFAKTIEN erhaltet ihr auf https://www.eightsleep.com/allesaufaktien bis zu 350 Euro Rabatt. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

durée : 00:13:27 - Les Matins de France Culture - par : Bérengère Bonte - Cette semaine, Le Monde publie une enquête en six épisodes de Vanessa Schneider et Raphaëlle Bacqué sur l'empire Bernard Arnault. Comment le patron de LVMH exerce-t-il son influence sur les sphères économique, politique et internationale ? Que révèle cette enquête sur son pouvoir ? - équipe : Félicie Faugère, Anouk Seveno - invités : Vanessa Schneider Journaliste et romancière française Vous aimez ce podcast ? Pour écouter tous les épisodes sans limite, rendez-vous sur Radio France

C dans l'air l'invité du 20 juillet 2026 avec Raphaëlle Bacqué, grand reporter au quotidien Le MondeElle cosigne avec Vanessa Schneider l'enquête « L'empire Bernard Arnault », la nouvelle série du Monde en six épisodes. Les deux journalistes ont enquêté pendant six mois sur le PDG du groupe LVMH et sa famille. Elles ont pu rencontrer une dizaine de dirigeants du groupe, les enfants de l'homme d'affaires et Bernard Arnault lui-même. Le premier volet de cette enquête, « Bernard Arnault, à la cour de l'homme le plus riche de France », vient de paraître.

I am fascinated with the idea of luxury brands like Dior, LVMH and Armani. It is clearly more than just diversification or trying to find new revenue streams. It is and has become part of the brand On a recent trip to Beverly Hills, I was invited to lunch with the group from Chateau Y'quem. I moved the entire schedule around (duh), to be there. And though I was remiss in remembering who fronted the hospitality, I was taken by the hospitality just the same. Now I am taken by the woman of was at the helm that day. Meet Fahara Zamorano. If you think the wine world is just swirling glasses and sniffing out tasting notes, Fajara Zamorano is here to flip your tablecloth. She strides into Wine Talks declaring, "You gotta remove the ego," and then proceeds to break down luxury wine culture not with snobbery, but with the kind of candor that leaves sommeliers and armchair tasters alike scrambling to rethink what it means to appreciate wine. Raised in the vine-studded valleys near Santiago, with the occasional detour into the Atacama desert—the driest place on earth—Fajara Zamorano grew up living the contrast between farmland "fairytale" and the arid edge of the world. No wonder she grew into someone who can call out ego in the most self-important industry on earth, then build a wine program for Monsieur Dior in Beverly Hills—where the stakes are as high as the heels. You're not just getting tips about which bottle to order at dinner. You're going to learn why the true luxury isn't price tags or Instagram clout, but the ability to see, anticipate, and dissolve the invisible barriers between guest and experience. Fajara Zamorano peels back the silk curtain on how fine dining works—how sommeliers read people, how guest notes are kept, and why even the "perfect" wine list is about much more than showing off. She'll have you questioning why we talk more about pesticides in strawberries than in the Cabernet you're sipping, and challenge the way the wine industry sacrifices humanity at the altar of mass marketing. She knows firsthand the battles of fighting for sustainable farming in a market obsessed with buzzwords, and still keeps her sense of humor when talking about Champagne, Armenian wines, or the eccentricities of the ladies who lunch on Rodeo Drive. If you've ever cringed at a wine list, been intimidated at a high-end restaurant, or wondered whether all this luxury talk means anything, this conversation is the antidote. Fajara Zamorano and Paul K will not only teach you how restaurants wield psychology like a decanter, but why the best experiences always put people before ego, and farming before flash. What you'll actually learn in this episode:

Jamais les liquidations et redressements judiciaires n'ont été aussi nombreux en France qu'aujourd'hui.Près de 70 000 procédures collectives par an, et la tendance continue de s'accélérer en 2026.Après une carrière de haut vol dans la finance, chez Lazard puis président du directoire d'Eurazeo pendant 16 ans, Patrick Sayer se présente en 2023 à la présidence du tribunal de commerce de Paris.Sa conviction : la France dispose d'un arsenal juridique unique au monde pour aider les entrepreneurs et éviter les faillites, mais elle a cessé de l'utiliser correctement.Les défaillances atteignent des niveaux records, même dans tous les domaines d'excellence française.Depuis sa nomination il y a 3 ans, Patrick tire la sonnette d'alarme.Sur le combat à armes inégales que mènent les entreprises françaises face aux concurrents chinois et américains.Et surtout sur la nécessité de créer un marché européen unique pour inverser la tendance.Patrick nous plonge dans les entrailles de cette juridiction que nous connaissons trop peu. Les juges bénévoles, les 9000 litiges traités par an, l'apport désormais indispensable de l'IA au tribunal, les belles histoires qui naissent parfois à la barre et la cruauté de celle-ci avec d'autres.Une parole rare et sincère, au cœur de l'économie réelle qui nous éclaire sur l'état de santé de nos chères entreprises tricolores.Vous pouvez contacter Patrick sur Linkedin.TIMELINE:00:00:00 : "On a inventé l'outil qui a permis à B.Arnault de prendre le contrôle de LVMH"00:19:56 : 20 années intenses en fusions-acquisitions chez Lazard00:31:04 : Le pari Eurazeo00:44:37 : L'incroyable histoire de la maison Lazard00:47:53 : Pourquoi les entreprises font faillite01:11:16 : Comment faire fonctionner un tribunal sans aucun moyen ?01:24:54 : L'apport désormais indispensable de l'IA dans le traitement des litiges01:36:28 : Éviter les conflits d'intérêt entre le juge et les jugés01:44:00 : "Les dépôts de bilan aux États-Unis m'inquiètent terriblement"01:56:04 : Les techniques pour (bien) racheter une entreprise en difficulté02:03:04 : Le mythe des "entreprises européennes"02:06:44 : L'importance de savoir déposer le bilan à temps02:10:03 : "J'essaie de rendre à mon pays ce qu'il m'a donné"02:15:16 : Y a-t-il de la corruption dans un tribunal ?Les anciens épisodes de GDIY mentionnés : #461 - Sébastien Bazin - PDG du groupe Accor - Diriger un groupe coté en bourse sans ordinateur#523 - Virginie Morgon - Ardabelle Capital - La louve de Wall Street qui veut reconstruire l'Europe#362 - Matthieu Pigasse - Centerview - Le punk qui murmure à l'oreille des patrons et des gouvernementsNous avons parlé de :Le Tribunal des activités économiques de ParisLa sauvegarde accélérée - fiche explicativeLa cessation des paiements et le délai de 45 joursLe 28e régime européenLes chiffres des procédures collectives en FranceLa bataille LVMH entre Bernard Arnault et Henri Racamier (1988-89)L'épisode de La Martingale avec le CTO de Ledger sur la cybersécuritéTrouver des entreprises à racheterLes recommandations de lecture : Le fil de l'épée, de Charles de GaullePropos d'O.-L. Barenton, confiseur, de Auguste DetoeufLe Prophète, de Khalil GibranUn grand MERCI à nos sponsors : Squarespace : https://squarespace.com/doitQonto: https://qonto.com/r/2i7tk9 Brevo: brevo.com/doit eToro: https://bit.ly/3GTSh0k Payfit: payfit.com Club Med : clubmed.frCuure : https://cuure.com/product-onely (code DOIT)Vous pouvez retrouver la liste de tout le matériel utilisé pour enregistrer nos épisodes sur cette page.Vous souhaitez sponsoriser Génération Do It Yourself ou nous proposer un partenariat ?Contactez mon label Orso Media via ce formulaire.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

HAve you noticed that more and more companies are finding the Chinese market is a headwind for companies? You're not alone. Automotive companies, clothing retailers, beauty products, and many more are either losing market share or seeing sales decline. Jon, Matt, and Tyler break down why the Chinese market has been such a challenge for so many companies, who could be the next company to experience this, and how investors can navigate this trend. Plus, the unconventional winners & losers of the S&P 500 and listener questions. Tyler Crowe, Matt Frankel, and Jon Quast discuss:- S&P 500's (volatile) winners and losers in 2026 so far- The unexpected winners and losers- The changing Chinese market- Could Apple and memory be the next China market victims?- Mailbag: Navigating fair values for stocks Companies discussed: CASY, TSCO, GLW, FICO, NKE, LVMH, AAPL, SBUX, DECK, CAT, MSFT, Host: Tyler CroweGuests: Matt Frankel, Jon QuastEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Group Chat News is back with the hottest topics of the week. The guys get into Father's Day, youth sports, and the real life lessons hiding in a kid's baseball tournament before diving into LVMH's stunning decline, OnlyFans' $2.6 billion machine, and World Cup mania taking over America. On this episode of Group Chat, Dee Murthy and Anand Murthy break down: – LVMH's negative growth and what the decline of Louis Vuitton, Dior, and the luxury giants says about the global economy – The K-shaped recovery, the vanishing middle class, and why a "violent rebound" in luxury may be coming – OnlyFans hitting $2.6 billion in US spending. the cash machine, the brand moat, and the AI creators cashing in – The #1 OnlyFans spending city in America (it's not LA, New York, or Miami) – World Cup mania: SoFi Stadium vs. MetLife, and why the finals should've been in LA – The "Freddy" phenomenon America's viral World Cup hero, and whether the whole thing is a marketing plant – Whether Europeans are really "discovering" America, and why the world sings American songs – Team USA's run, the magic of a hot team, and the country roads takeover – Father's Day real life lessons: learning how to lose the lessons sports teach that carries into business and life If you enjoy the show, please leave us a 5-star rating and review on Apple Podcasts and Spotify — it genuinely helps more than you know, and it's the best way to support Group Chat. New episodes every week. Subscribe so you never miss one. Hosted by Dee Murthy, Anand Murthy, and Chris "Drama" Pfaff