Luxury retail stocks fall amid economic and global uncertainty
While consumers and retailers have held up surprisingly well through a challenging world, from war to inflation to political uncertainty, the fashion industry remains vulnerable to Wall Street shocks. Consider this a reminder of how quickly trends can change. Luxury and fashion stocks sold off on Wednesday as the ceasefire between the United States and […]
Stock trends and brand strategy
In Wall Street’s cruel calculations, figuring out why stock prices are going up or down requires two basic pieces of information: how a company is doing and how it compares to investors’ expectations. If investors see a recovery after repeated disappointments and a continued upward trend, this could result in a significant increase in stock […]
Luxury customers want more meaningful connections, says new report
LONDON — The highest-end luxury customers can have it all, but now they want even more. New research from Team 1 shows a fundamental shift in the way the “rich” define a fulfilling life. They prioritize friendship over status and seek genuine connection. This change is forcing some brands to rethink their marketing approach. Team […]
OTB increases its stake in Viktor & Rolf and takes full management control
MILAN – OTB is strengthening its relationship with Viktor & Rolf by increasing its stake in the brand for full control. The Italian fashion group founded by Renzo Rosso first acquired a 51% stake in Viktor & Rolf in 2008, increasing its stake to 70% in 2019. Viktor Horsting and Rolf Snoeren, who founded the […]
Squashmallows, dentures and ‘I Heart Hot Dads’ bags: Uber finds thousands of items left in robotaxis
For the past decade, Uber’s annual Lost and Found Index has provided some pretty quirky anthropological snapshots of its passengers, and even some insights into society. The annual catalog of millions of lost items ranges from common modern gadgets such as smartphones and laptops to eyebrow-raising items such as live fish, ankle monitors, toboggans, a […]
Cyera eyes $12 billion valuation at 80x ARR despite operating loss
Data storage security company Cyera is finalizing a round of at least $300 million at a valuation of $12 billion led by Evolution Equity Partners, according to four people familiar with the deal. Calcalist first reported the funding deal, but TechCrunch’s sources added new details about the company and its financials. Cyera’s annual recurring revenue […]
Cyberdeck is enjoying a moment, rejecting big tech scrutiny with style and content
When I reach out to self-proclaimed “open source bad guy” CC for an interview, I’m sure she’ll email me back from her pink mermaid purse. “I’m having a lot of fun with it,” she says of the seashell cyberdeck. “It’s a Tamagotchi. It’s also an e-book reader. It’s networked to my vault and server, so […]
Uber to cap employee AI spending after running out of budget in four months
The price of AI is high, and some companies are cutting back on usage to keep costs down. This group also includes Uber, which recently imposed internal usage caps as a way to reduce exorbitant AI spending. According to a report from Bloomberg, the company has instituted new rules that cap the amount of money […]
Startup Everand is now taking on Amazon with a bundle of e-books, audiobooks and book clubs
Audiobooks, ebooks, or both? You don’t have to choose anymore. Everand, the book subscription service owned by Scribd, wants to make that choice unnecessary. The company on Tuesday canceled a combined subscription that bundled Everand’s catalog of more than 1.5 million audiobooks and e-books into a single plan with social book club app Fable, which […]
Microsoft launches Scout, a personal assistant inspired by OpenClaw
In the first few weeks of 2026, OpenClaw has spread like a sonic boom through the AI world, bringing the joy and disruption of unrestricted AI agents to many of the industry’s most ambitious engineers. After OpenAI scooped its founder, the project’s momentum slowed, but its effects are still being felt, especially at Microsoft. Now, […]