Podcasts about LVMH

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)

Die US-Verbraucher halten sich zurück: Schwache Walmart-Zahlen, Druck bei Nike, Adidas und Luxusaktien wie LVMH und Richemont zeigen, dass der Konsum unter Druck steht. Gleichzeitig sorgen Gold und Bitcoin für Bewegung an den Märkten. Im Fokus der Aktienanalyse: Talanx – der Versicherer mit Rekordergebnissen, angehobener Prognose und Chancen auf einen Aufstieg in den DAX 40. Was spricht für die Talanx-Aktie und welche Risiken bringt die Hurrikansaison? Außerdem: US-Staatsanleihen, Öl, Gas und der aktuelle Gold-Trade.

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.

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

Hier geht's zum Altersvorsorge-Rechner: https://partner.scalable-capital.de/go.cgi?pid=655&wmid=1028&cpid=1&prid=1&subid=&target=Altersvorsorge CXMT hat gigantischen IPO. ASML verliert durch chinesische Konkurrenz. NVIDIA bürgt für OpenAI und drückt Stimmung. LVMH wächst. Evolution mit Milliardär. Porsche streicht 5.000 Stellen. Amazon goes Starlink. Zabka wird nicht gekauft. D-Wave steigt. Zabka fällt. Copart (WKN: 893807) hat in 10 Jahren den Umsatz auf 4,5 Mrd. $ vervierfacht. Jetzt ist die Aktie 50% gefallen. Konkurrent IAA holt auf, der CEO geht und autonomes Fahren macht Anlegern Sorgen. Aber das KGV ist so tief wie seit einem Jahrzehnt nicht. Erdgas-Engpass ab 2028? Die KI-Nachfrage explodiert, aber die US-Produktion fließt fast komplett in Exporte. Mehr zur These gibt's hier: https://colossus.com/wp-content/uploads/2026/07/letter-III-got-gas.pdf Diesen Podcast vom 28.07.2026, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung. Learn more about your ad choices. Visit megaphone.fm/adchoices

Beleggers worden helemaal blij van de kwartaalcijfers van Unilever. Dat zag de omzet harder groeien dan waarop was gerekend. Maar belangrijker nog: ze verkopen ook echt meer spullen. Het is niet alleen omdat ze die spullen duurder maken, dat die omzet groeit. De volumegroei van Unilever komt namelijk uit op het hoogste niveau in tien jaar tijd. Unilever verkoopt vooral meer in landen als India, China, Indonesië en Latijns-Amerika. Daar komt nu zo'n 60 procent van alle omzet vandaan. Alleen in Europa loopt het niet goed. Deze aflevering kijken we naar de toekomst van het nieuwe Unilever. Heeft de topman het lek eindelijk boven? En komt het nog goed in Europa? We zoeken het voor je uit. Hebben we het ook nog over de kwartaalcijfers van Basic-Fit. Ook goed nieuws daar: het bedrijf verhoogt voor de tweede keer dit jaar de winstverwachting! Verder in deze aflevering: Apple breekt door de grens van 5 biljoen dollar! LVMH verkoopt weer meer (maar Bernard Arnault is tóch boos) Philips publiceert te vroeg en wordt keihard afgestraft Elon Musk wil (naast autoverkoper) nu ook bankier spelen Boeing verliest veel op order van president Trump Prik nog niet van de (Coca) Cola! Te gast: Stan Westerterp van Bond Capital Partners 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 deSee omnystudio.com/listener for privacy information.

Lauren Sherman joins Peter to discuss Le Monde's six-part investigation series on LVMH boss Bernard Arnault and his family—which got under Arnault's skin so much it prompted the elder statesman to join X to respond publicly. Lauren also gets into the anonymous Instagram account making life difficult for Vogue France, and why Vogue's regional editions across the globe are suddenly under a microscope.

US equity futures gapped higher following the pause in US strikes on Iran since Friday night; Risk sentiment underpinned by a decline in oil prices and yields.US CENTCOM commander Cooper advised the Pentagon and the White House that the next possible step is to return to a large-scale military operation.Iranian media reported that an oil tanker exploded in the Strait of Hormuz after hitting a naval mine when it deviated from a navigation route designated by Iran.Yemen's Houthis said they carried out operations against Aramco facilities in Saudi's Jizan and Yanbu.European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.8% after the cash market closed with gains of 1.1% on Friday.Looking ahead, highlights include German Ifo (Jul), US Durable Goods Orders (Jun), Atlanta Fed GDP (Q2). Supply from the US. Earnings from LVMH & AstraZeneca.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are firmer following a similar APAC lead, as oil prices and yields slumped on the lack of US-Iran weekend action.Crude oil and gas futures were weighed down by the US not striking Iran over the weekend. Metals benefit across the board.However, US CENTCOM commander Cooper advised the Pentagon and the White House that the next possible step is to return to a large-scale military operation.Fixed income markets are higher; US focus turns to supply & midterms. No move to German Ifo or ECB speak. In FX, the DXY is softer to the benefit of G10 peers, although petro-currencies fail to benefit.Looking ahead, highlights include US Durable Goods Orders (Jun), Atlanta Fed GDP (Q2). Supply from the US. Earnings from LVMH. Comments from US President Trump.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

BESI, ASML, ASM, alledrie gaan ze onderuit na een verhaal van The Information. Volgens de peperdure techsite is het nu echt zover: China is begonnen met de productie van eigen DUV-chipmachines. Een Chinees staatsbedrijf zou deze gemiddeld geavanceerde chipmachines kunnen leveren, een product waar ASML nu nog nagenoeg alleenheerser op is. Maar ja, we horen wel vaker dat China enigszins hoogwaardige chips kan produceren, terwijl de productieprocessen nagenoeg altijd inefficiënt blijken te zijn. Oftewel: duur, verspillend en amper concurrerend. Waarom beleggers dan toch in paniek raken en of dat wel terecht is, bespreken we deze aflevering. Een aflevering die sowieso vol zit met China. Want chipbedrijf CXMT kreeg het voor elkaar: van de ene op de andere dag het grootste beursbedrijf van China worden. CXMT schoot na de beursgang vannacht met meer dan 500 procent omhoog. Het bedrijf produceert geheugenchips en is daarmee een concurrent van Samsung en SK Hynix. Of het bedrijf die twee ook serieus kan beconcurreren, gaan we ook voor je uitzoeken. En het lijkt de Chinashow wel: we hebben het ook over de soort-van-Chinese bank HSBC, de Hong Kong & Shanghai Banking Corporation. Dankzij hun zetel en beursnotering in Londen, is het een Europees beursbedrijf. En sinds kort zelfs Europa's op-een-na grootste beursbedrijf, achter ASML. Ze naderen een beurswaarde van 300 miljard dollar. Hoe ze dat voor elkaar kregen, en waarom ze zo belachelijk veel winstgevender zijn dan ING en ABN, gaan we je ook vertellen. Hoor je ook Welke nieuwe horde in de overnamesoap van Warner Bros door Paramount nu weer krijgt Hoe Nvidia de koers van andere chipbedrijven omhoog helpt Waarom president Trump de beursgang van She-in in de weg zit Te gast: Robbert Manders, van het Antaurus Europe Fund 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.

John Ruben Holtback, grundare och vd för löparvarumärket UNNA, gästar podden Framtidens E-Handel för andra gången. Han berättar om det efterlängtade Hoka-samarbetet som han hintade om redan förra besöket, går igenom sneakerbranschens miljardsiffror från Nike till Allbirds, och förklarar varför Unna tackar nej till investerare trots intresse från fonder i LVMH:s närhet. Samtalet rör sig vidare från supply chain-strategier utan Asien-beroende till hur AI ersätter dyra jurister för ett bolag med fyra anställda.02:35 - Hoka-samarbetet blev äntligen officiellt efter en lång hemlig process04:00 - Budget och upplägg bakom stora varumärkessamarbeten förklaras08:45 - Global lansering kördes i Korea, Sverige, Texas och London12:56 - Nike, Adidas, Puma och Allbirds omsättningssiffror jämförs rakt av16:11 - Unnas affärsidé jämförs med de stora globala sneakerjättarnas strategi34:47 - Investerare som LVMH vill in men Unna avstår ändå39:15 - AI ersätter dyra jurister och konsulter för Unnas team41:01 - Produktion i Portugal och Litauen45:00 - John-Ruben berättar öppet om sin hjärtvarning och skräcken efteråtHär hittar du John-Ruben & UNNA:https://www.linkedin.com/in/jrholtback/ https://www.unna.com/ Sponsor Airmee & Orange Juice:https://www.airmee.com/en/ https://www.ohjay.co/ Framtidens Berns Event:https://framtidensehandel.se/products/roast Följ Björn på LinkedIn:https://www.linkedin.com/in/bjornspenger/ Följ Framtidens E-handel på LinkedIn:https://www.linkedin.com/company/framtidens-e-handel/ Besök vår hemsida, YouTube & Instagram:https://www.framtidensehandel.se/ https://www.instagram.com/framtidens.ehandel/ https://www.youtube.com/channel/UCEYywBFgOr34TN8NtXeL5HQPoddproducent och klippare Michaela Dorch & Videoproducent Fredrik Ankarsköld:https://www.linkedin.com/in/michaela-dorch/ https://www.linkedin.com/in/ankarskold/ Tusen tack för att du lyssnar!Support till showen http://supporter.acast.com/framtidens-e-handel. Hosted on Acast. See acast.com/privacy for more information.

Marco de Vincenzo è uno dei talenti più limpidi della moda italiana contemporanea e con il suo lavoro si muove con disinvoltura tra moda istituzionale e progetti indipendenti.Inizia la sua carriera a 21 anni da Fendi, dove resta fino a diventare direttore degli accessori. Nel 2009 nasce il suo marchio eponimo e dal 2022 al 2026 è direttore creativo di Etro. Da qualche mese guida il settore accessori di Givenchy, sotto la direzione di Sarah Burton.Con Marco andiamo alla scoperta di un mondo fatto di simboli e tessuti, di contrasti visivi e armonie geometriche, di grazia e di gravitas; un mondo in cui - nel solco della tradizione più autentica del design italiano - l'artigianato va a braccetto con l'industria. Peché non c'è invenzione senza collaborazione.------------------Il link dell'episodio:Il sito di Marco de Vincenzo https://marcodevincenzo.comIl libro "Mondovisione" https://www.electa.it/prodotto/mondovisione/La puntata di Paorola Progetto con Deanna Ferretti Veroni https://www.parolaprogetto.com/podcast-episode/deanna-ferretti-veroni-con-la-maglia-si-puo-fare-tutto/La puntata di Parola Progetto con Numero Cromatico https://www.parolaprogetto.com/podcast-episode/numero-cromatico-lartista-e-un-organismo-che-ricerca/La puntata di Paorola Progetto con Agostino Iacurci https://www.parolaprogetto.com/podcast-episode/agostino-iacurci-nulla-dies-sine-linea/Il libro suggerito da Marco, "Armi, acciaio e malattie. Breve storia del mondo negli ultimi tredicimila anni" di Jared Diamond https://www.einaudi.it/catalogo-libri/storia/storia-antica/armi-acciaio-e-malattie-jared-diamond-9788806219222/

Depuis cette semaine, les grandes entreprises de la mode n'ont plus le droit de détruire leurs vêtements, chaussures et accessoires invendus dans l'Union européenne. Derrière cette mesure environnementale se cache une petite révolution pour les maisons de luxe, dont le modèle économique repose en partie sur la rareté de leurs produits. C'est un changement majeur pour l'industrie de la mode. Depuis cette semaine, les grandes entreprises présentes dans l'Union européenne ne peuvent plus détruire leurs vêtements, chaussures et accessoires invendus. La nouvelle réglementation est claire : les marques doivent désormais trouver une seconde vie à leurs produits. Elles peuvent les écouler via des circuits de déstockage, les donner à des associations, les réparer, les reconditionner ou encore recycler leurs matériaux. La destruction n'est autorisée que dans des cas très précis, notamment lorsqu'un produit est dangereux, endommagé ou contrefait. Cette décision répond à un constat préoccupant. Selon l'Agence européenne pour l'environnement, entre 4% et 9% des produits textiles mis sur le marché européen sont détruits avant même d'avoir été utilisés. Cela représente chaque année entre 264 000 et près de 600 000 tonnes de vêtements, chaussures et accessoires neufs. Pour Bruxelles, ce gaspillage n'est plus compatible avec ses objectifs climatiques et sa volonté de développer une économie plus circulaire. À écouter aussiAujourd'hui l'économie - L'industrie du luxe à un tournant de son histoire Pourquoi cette réglementation est un casse-tête pour les maisons de luxe Si cette nouvelle règle semble relativement simple sur le papier, elle est beaucoup plus délicate à appliquer pour les acteurs du luxe. Car dans ce secteur, on ne vend pas seulement un vêtement, un sac ou une paire de chaussures. On vend avant tout de la rareté. L'exclusivité fait partie intégrante du produit et participe directement à sa valeur. Pendant longtemps, détruire une partie des invendus constituait un moyen de préserver cette rareté et d'éviter que les articles se retrouvent massivement soldés. Pour une grande maison de haute couture ou de maroquinerie, multiplier les promotions risque de dégrader l'image de la marque et de faire baisser la valeur perçue de ses créations. C'est précisément pour cette raison que les grands groupes comme LVMH, Chanel ou Prada accueillent cette réglementation avec prudence, voire un certain scepticisme. Ils redoutent notamment de devoir écouler davantage de marchandises sur les marchés secondaires, avec le risque de banaliser leurs produits et d'affaiblir leur image d'exclusivité. À écouter aussiAujourd'hui l'économie - LVMH, Gucci, Prada: le luxe touché par le ralentissement des achats touristiques Comment les grandes marques vont devoir s'adapter Face à cette nouvelle réglementation, les maisons de luxe vont devoir revoir leur stratégie de gestion des stocks. Une première solution consiste à conserver plus longtemps les invendus. Mais cela implique des coûts supplémentaires de stockage, de logistique, d'assurance et de manutention. Les marques peuvent également développer davantage leurs circuits de revente, tout en les contrôlant étroitement afin d'écouler leurs produits sans nuire à leur image. Enfin, une troisième voie s'impose progressivement: produire moins, mais produire mieux, en ajustant davantage les volumes à la demande réelle. Reste que prévoir les ventes dans le secteur de la mode demeure un exercice particulièrement complexe. Une collection peut rencontrer un immense succès comme passer totalement à côté de son public. Les tendances évoluent rapidement, tout comme les goûts des consommateurs. Pour les maisons de luxe, le défi consiste désormais à préserver la rareté de leurs produits sans recourir à la destruction des invendus. Une véritable révolution pour un secteur qui a longtemps préféré faire disparaître ses excédents plutôt que de les voir perdre de leur valeur.

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.

durée : 00:13:27 - Les Enjeux - 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

durée : 00:05:22 - Le 6/9 de l'été - Au sommaire de la revue de presse : l'ascension de Bernard Arnault, la situation sécuritaire en Iran, le départ de la mission Tara vers l'Arctique et une initiative marseillaise pour apprendre à nager dans des piscines privées. Vous aimez ce podcast ? Pour écouter tous les épisodes sans limite, rendez-vous sur Radio France

What business school won't teach you about luxury. How do you work in luxury fashion? This is inside LVMH's playbook. This week, I'm joined by Pauline Brown, former Chairwoman of LVMH North America, Harvard Business School professor, and author of Aesthetic Intelligence. Pauline shares the lessons she learned leading some of the world's most iconic luxury brands. We cover a lot, from why climbing the corporate ladder doesn't always bring more freedom, to the mistake most people make when planning their careers, and why she believes taste will become one of the most valuable skills in the future of work. We also dive into what luxury brands understand about consumer psychology, how Dior and Chanel think differently from startups, what it really takes to break into companies like LVMH, and why Pauline convinced Harvard Business School to create a course on The Business of Aesthetics. Whether you're building a brand, growing your career, or simply trying to develop better taste, this episode is packed with frameworks you'll think about long after listening.In this episode, we cover:Navigating a career pivotHow she transitioned from consulting to fashion and beautyThe biggest career mistakes young professionals makeWhy taste matters more in the age of AIHow to stand out when applying to luxury brandsThe psychology behind iconic brands like Dior and ChanelWhy attention doesn't always lead to salesThree questions to ask before starting your own companyFollow Fashion & Founders:Podcast IG: @fashionandfoundersPodcast Substack: Fashion and FoundersPodcast Website: fashionandfounders.comPodcast TikTok: @fashionandfoundersPodcast LinkedIn: Fashion and FoundersPodcast YouTube: Fashion and FoundersPodcast Links: Shop MyFollow Pauline Brown:IG: @paulinegarrisbrownBook HEREBrunello: The Gracious VisionaryWatch the documentary film HEREIG: @brunelloilvisionariogarbatoThank you to this episodes's sponsor Blue Fox Entertainment!Thanks for listening!

In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über neue Paypal-Fantasie, die unterschätzte Apple-Rallye und die Antwort auf die Frage: Kann ein Atommüll-Staatsfonds auch Rente? Außerdem geht es um Samsung Electronics, Micron Technology, IBM, SK Hynix, Alphabet, Meta Platforms, Amazon, Microsoft, Apple, PayPal Holdings, Block, Morgan Stanley, BlackRock, BASF, Volkswagen, BMW, Mercedes-Benz Group, Richemont, Kering, LVMH, Hermès, Burberry, TSMC, Netflix, ABB, Abbott Laboratories, GE Aerospace, Intuitive Surgical, UnitedHealth Group, Alcoa, United Airlines Holdings, BHP, ING Group, Smartbroker Holding, AMD, Broadcom, Nvidia, Viasat, AST SpaceMobile, Rocket Lab, Planet Labs, EchoStar, SpaceX, Amundi Global Luxury UCITS ETF (WKN: A2H564), Boreas S&P Absolute Luxury UCITS ETF (WKN: A412DN), iShares Core MSCI World UCITS ETF (WKN: A0RPWH), Xtrackers MSCI World UCITS ETF 1C (WKN: A1XB5U), SPDR MSCI ACWI ETF (WKN: A1JJTC), iShares Core MSCI EM IMI UCITS ETF (WKN: A111X9), VanEck Semiconductor UCITS ETF (WKN: A2QC5J), Amundi MSCI Semiconductors UCITS ETF (WKN: LYX018), VanEck Space Innovators UCITS ETF (WKN: A3DP9J), Global X Copper Miners UCITS ETF (WKN: A3C7FZ), Global X Silver Miners UCITS ETF (WKN: A3DC8R), VanEck Uranium and Nuclear Technologies ETF (WKN: A3D47K), iShares Global Clean Energy ETF (WKN: A0MW0M). 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

nFactorial Intelligence - еженедельный обзор новостей из мира стартапов и ИИ Рекомендации от nFactorial: - Создайте собственных AI-ассистентов с OpenClaw. Создайте команду из 10+ ИИ-помощников, которые доступны в Telegram - https://courses.nfactorial.school/openclaw - nFactorial Teens: 2-недельный летний лагерь по вайб-кодингу для школьников в Алматы/Астане (11-16 лет). Цель: создание своего оригинального веб-приложения или веб-игры - https://courses.nfactorial.school/teens  

After 15 years and 900+ studies with over 30,000 affluent women, Malinda Sanna knows what luxury beauty buyers actually buy, not what brands think they buy. In this episode of Skin Talks, hosts Beate and Natascha sit down with the founder of Look Look, the market research firm behind private communities like the Beautyverse and Luxuryverse, with clients including Shiseido, Estée Lauder, LVMH, and Tiffany. Malinda pulls back the curtain on the psychology of luxury spending: why ingredients now beat logos and packaging, how word-of-mouth quietly overtook social media influencers, why legacy luxury houses are struggling against nimble K-beauty and clinical brands, and where luxury is heading next. She shares the one thing 30,000 women secretly want that no brand is selling, the affordable product she's obsessed with, and the beauty trend she predicts will look absurd within a decade. If you care about skincare ingredients, beauty trends, luxury spending, and the future of health and wellness, this conversation goes far deeper than skin.

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.

Part I: The Operating System for Culture with Marc Lotenberg, founder of DorsiaDorsia is building the operating system for private members' clubs: a first-party, end-to-end technology platform designed to replace the legacy software and disconnected third-party integrations that most clubs still run on today. Marc Lotenberg, founder of Dorsia, argues that the gap between what the most discerning members expect and what the average club can actually deliver comes down to a failure of infrastructure, not hospitality intent. In Part I of this episode, Marc makes the case for why genuine personalization at the club level has to be built on first-party data sovereignty, what it actually costs to build compliant, frictionless hospitality technology at scale, and why he believes that pretending every prospective member is your customer is the fastest way to end up with none.Thank you Dorsia for making this episode possible. To learn more about Dorsia's hospitality tech, get in touch: melissa@dorsia.comDownload Dorsia to get access to impossible tables and events here (code: THESTANZA)Follow Dorsia on InstagramPart II: Heritage at Scale: Building the Orient Express Universe Across Trains, Yachts, and Hotels with Gilda Perez-Alvarado, CEO Orient ExpressStarts at 13:26Gilda Perez-Alvarado is CEO of Orient Express and Chief Strategy Officer at Accor, where she oversees the brand's expansion across hotels, luxury trains, and yachts. Orient Express is a strategic joint venture between Accor and LVMH, combining Accor's global hospitality infrastructure with LVMH's expertise in luxury consumer goods and brand stewardship. Gilda joined Accor in late 2023 after two decades at JLL Hotels & Hospitality Group, where she rose to Global CEO of the practice.Today, Orient Express spans two hotels in Rome and Venice, the La Dolce Vita luxury train on Italy's historic tourist rail network, a second train, L'Orient Express, set for 2027, and the Corinthian yacht that launched in May 2026, with the Olympian to follow in 2027. Every asset is designed to be privatizable and capped in room count to protect scarcity. The Italian portfolio is developed in partnership with Arsenale , who first approached Accor ahead of the pandemic with a proposal to flag La Dolce Vita as Orient Express.Orient Express is ultimately building what Gilda describes as a multi-modal travel business, sequencing hotels, trains, and yachts into a single continuous guest journey rather than a collection of standalone bookings.In this episode, Nadine sits down with Gilda to explore what it really takes to relaunch one of the world's most recognized travel brands across real estate, rail, and maritime operations, while satisfying two publicly-oriented parent companies and a brand mandate that has to hold for at least another century.INTERVIEW HIGHLIGHTSHow the Accor-LVMH joint venture divides responsibility, and what each parent brings beyond equityThe site selection framework for new hotel assets, including the role of an in-house historianWhy Orient Express capped room counts and built every asset to be privatizable, and how that shapes owner conversations and pricingGilda's view on how distribution and guest acquisition has evolved beyond traditional meansThe open question on the Corinthian's revenue model: transient product or private charter businessHow Orient Express approaches guest curation on trains and yachts, and why Gilda frames it as one of the most consequential and least controllable variables in the businessThe tension between short-term shareholder reporting and a mandate framed around a 143-year horizonWhat Gilda learned from LVMH's approach to scarcity and brand stewardshipLearn more about Orient Express hereFollow Orient Express on Instagram

Bernard Arnault, le Président-directeur général de LVMH, a accepté l'invitation de LEGEND et a partagé les moments les plus marquants de sa carrière. Il s'est aussi confié sur les coulisses de la construction de son empire qui est aujourd'hui le groupe numéro 1 mondial du luxe.Pour prendre vos billets pour le LEGEND TOUR c'est par ici ➡️ https://www.legend-tour.fr/ Retrouvez la boutique LEGEND ➡️ https://shop.legend-group.fr/

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Step into the high-stakes intersection of heritage and hardware at Viva Tech 2026. This episode dissects how luxury titans like LVMH and L'Oréal are moving beyond mere "Proof of Concepts" (PoCs) into full-scale AI execution. We dive deep into the technical infrastructure of luxury, exploring LVMH's internal MaIA platform, Celine's CelIA agent, and Louis Vuitton's strategic use of Digital Twins to augment traditional leather craftsmanship.We also analyze the landmark L'Oréal-OpenAI alliance, the shift toward "Agentic Commerce," and the use of the GPT-Rosalind model for skin microbiome analysis. Furthermore, we highlight the "immediate business readiness" of Taiwanese startups like Perfect Corp and Stytrix, which are redefining virtual try-ons and apparel prototyping. Finally, we reflect on the rising demand for Sovereign AI in Europe and the emergence of tools like Bluefish that monitor brand visibility in the age of generative search.本集節目帶領聽眾深入 Viva Tech 2026 的現場，剖析傳承工藝與前沿硬體的高端交鋒。我們將深入探討 LVMH 與萊雅（L'Oréal）等奢侈品巨頭如何跨越「概念驗證（PoC）」階段，全面進入純粹的 AI 執行力競爭。內容重點聚焦於精品業的技術底層建設，包括 LVMH 的內部 MaIA 平台、Celine 的 CelIA 代理人，以及路易威登（Louis Vuitton）如何利用數位孿生（Digital Twins）技術與電腦視覺來昇華傳統皮革工藝。此外，我們將分析萊雅與 OpenAI 的戰略結盟、「代理人商務（Agentic Commerce）」的崛起，以及利用 模型進行皮膚微生態分析的科研突破。同時，本集特別點出台灣新創如玩美移動（Perfect Corp）與 如何以具備「即戰力」的演算法壓縮全球供應鏈時程。最後，我們將反思歐洲對「主權 AI（Sovereign AI）」**的追求，以及在生成式搜尋時代監控品牌曝光度的關鍵工具 Bluefish。 Powered by Firstory Hosting

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

What if everything you've been told about AI and your job is wrong? Sharon Gai sits down with host and producer Dr. Tom Dutta on The Quiet Warrior Show, and this one is going to stop you in your tracks. Sharon moved to Vancouver at age 7 from China, not speaking a word of English. She hid her dumpling lunches so the other kids wouldn't stare. She hid who she was. Then, 18 years later, she moved back to China for work, only to be told she wasn't Chinese enough. Between those two worlds she forged a philosophy she calls Culture Fluid, and a career at the cutting edge of global AI and commerce. A TEDx speaker. A Wiley author. Named Top AI Voice 2026. Sharon has advised Walmart, LVMH, Coca-Cola, and heads of state. And she's here to say what most people are afraid to: AI doesn't replace jobs. It slices off tasks. And knowing the difference is everything. In this episode you'll discover: ✓  Why being different is your biggest AI advantage, not your liability ✓  How to split your job into 'AI tasks' and 'human tasks' right now ✓  The 'Busy Bee to Beekeeper' shift that changes how leaders think about productivity ✓  What the West is still missing from China's AI playbook ✓  Why doing more with less starts with clarity, not hustle Sharon's new book HOW TO DO MORE WITH LESS (Wiley, March 2026) is out now. This is the conversation the whole world needs. www.sharongai.com #TheQuietWarriorShow #SharonGai #AILeadership #FutureOfWork #DoMoreWithLess #AILiteracy #Leadership #Podcast #Livestream #CultureFluid #Innovation #BusinessStrategy #DrTomDutta #FinalCutPremiere

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

Plus: A new fund backed by LVMH and hundreds of pro athletes makes its first investment: activewear brand Rhoback. And a federal lawsuit alleges that Anthropic oversold the usage allowances of its most expensive subscription plans. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Man, I don’t know how else to say this — this one got me. I sat down with Christian Zeron, the guy behind the Theo N. Harris Instagram, and what started as a watch-world conversation turned into one of the most honest, wide-open talks about hunting, identity, manhood, and what it means to find something that actually moves you. That’s the kind of episode this is. Christian grew up in New Jersey selling vintage Rolexes in college and built a marketing company around it. He’s sharp, he’s articulate, and — up until about six months ago — he had zero connection to the hunting world. Then a client invited him on a hunt in Kentucky and, well, here we are. He killed his first turkey this spring, he’s already got hog hunts lined up in Texas and a dove trip to Argentina on the books, and the guy is all in. Completely, unapologetically, joyfully all in. What I love about Christian is that he brings this fresh set of eyes to our world. He’s not pretending to be someone he’s not. He’s a Ralph Lauren, vintage shotgun, lever-action rifle kind of guy who gets genuinely emotional talking about his late grandfather while butchering his first bird. That’s real. That’s the stuff hunting is actually made of, and it’s the stuff that’s really hard to explain to people who haven’t lived it. We go deep on the watch world and what Rolex figured out about aspiration and identity that most brands never do. We talk camo as identity, Sitka vs. First Lite, Yeti coolers, LVMH, Omega, Casio — and somehow it all connects back to hunting, brand building, and what it means to be a man who collects experiences instead of just stuff. Plus, we dig into what I’m trying to build with Bridger Watch and Christian gives me some real, unfiltered marketing advice on how to position it against Garmin and Apple. This is the kind of conversation that makes you want to call your old man, fire up a steak, and go outside. Strap in. Episode Sponsors onX Hunt If you’re serious about hunting out west, onX isn’t optional — it’s foundational. We’re talking land ownership, access layers, terrain intel, and a full suite of tools built for every phase of the hunt: planning, preparation, and execution. The difference onX makes is simple. It’s confidence. Confidence that you’re in the right spot. Confidence that you’re legal. Confidence that you can find your way back to the truck when the day goes long and the country gets weird. Download the onX Hunt app and become an Elite member today. Use code TRO for 20% off your membership. Website: onxmaps.com Bridger Watch I set out to build a better smartwatch for the hunting community — plain and simple. I was frustrated. I kept pulling my phone out 100 times a day to check onX in the field and thought, why can’t we just have the map on our wrist? So we went down the rabbit hole and built what I genuinely believe is the best smartwatch ever made for hunters. If you’re a watch guy and a hunter, this was built for you. Use code TRO at checkout. Website: bridgerwatch.com Timestamp Chapters 0:00  —  Intro & Sponsor — onX Hunt 1:45  —  Sponsor — Bridger Watch 3:00  —  Welcome Christian Zeron | Who Is This Guy? 5:30  —  From Jersey to the Deer Woods — How a Watch Guy Found Hunting 9:00  —  Building a Marketing Company on the Back of Rolex 12:30  —  Christian’s First Turkey: Buck Fever, Clown Makeup, and Grandfather Moments 17:00  —  Why Hunting Hits Different — The Emotional Depth Non-Hunters Don’t Understand 20:30  —  Serving Elk Steak & The Pride of the Harvest 23:00  —  Where Does Christian’s Hunting Journey Go From Here? Argentina, Texas, Bear Hunts 26:30  —  Identity in the Hunting World — Camo Brands, Sitka, First Lite & the Yeti Effect 30:00  —  Decor, Taxidermy, and Why Rural Men Are More Aesthetic Than Manhattan Bankers 33:30  —  The Smartwatch Debate — Where Does a Luxury Watch Guy Land on Wearables? 37:00  —  Marketing Advice for Bridger Watch — What Rolex Got Right & What We Should Learn 40:30  —  The Watch World Deep Dive — Omega, Tag Heuer, LVMH, Casio & Vintage Markets 44:00  —  Lever Guns, Grandfather’s .35 Remington, and Planning Future Hunts 46:00  —  Wrap Up — Follow Christian & Final Thoughts 3 Key Takeaways 1. Hunting Connects You to Something Bigger Than the Kill Christian’s story about his late grandfather flooding back while he was butchering his first turkey is one of the most honest descriptions of why hunters hunt that I’ve heard in a long time. The harvest, the meat, the field dressing — it all becomes this vessel for memory and emotion and people you’ve lost. And it’s something you genuinely cannot explain to someone who hasn’t felt it. If you’ve ever felt your dad or your grandfather or someone you loved in a duck blind or a wall tent, you know exactly what Christian is talking about. That feeling doesn’t go away. It doesn’t get old. That’s why we keep going back. 2. Identity Is at the Core of Every Purchase Decision — Hunting Included Christian has been living inside luxury brand psychology for over a decade, and watching him apply that lens to the hunting world is genuinely eye-opening. Whether it’s Sitka gear, a Yeti cooler, or a vintage duck camo jacket — we are all making identity statements with every piece of kit we buy. And what’s fascinating is that hunters, who largely pride themselves on being no-nonsense, practical people, are actually some of the most identity-driven consumers out there. The trophy room, the curated camp setup, the brand of camo you wear — it all means something. Knowing that isn’t a bad thing. It’s human nature. 3. Lead With the Tool — Let the Lifestyle Follow Christian’s marketing insight for Bridger Watch — and honestly for any product in the outdoor space — is worth writing down. The temptation is to lead with the vibe, the lifestyle, the beautiful photos. But for a product that has genuine technical superiority in a specific use case, the smarter play is to lead with education and product proof first, and let the lifestyle layer build behind it. Rolex works because it’s 90% signal and 10% tool. A hunting watch should be the opposite: 90% tool, 10% signal. Prove what the product does for real people doing real things, and the identity follows naturally.