The luxury goods sector grapples with a significant decline in its customer base. Over the past two years, the industry has lost around 50 million customers, marking the first contraction in shopper numbers in decades.
Go Deeper (2 min read)Big Tech's AI Spending Surge
Big Tech's capital spending is projected to surpass $200 billion this year, with further increases anticipated in 2025.
Go Deeper (2 min read)Is Germany's Model Broken?
Germany’s economy is facing an unprecedented crisis that has shaken its core industrial sectors and threatened its political stability.
Go Deeper (3 min read)Office Slump Might Be Over
As companies increasingly mandate employees' return to the office, the U.S. office market might be experiencing a cautious resurgence after years of pandemic-induced upheaval.
Go Deeper (3 min read)Dealmaking Powers Banks
Goldman Sachs posted a stellar third-quarter profit, marking a 45% surge, thanks to the favorable conditions created by lower interest rates and a stable economy.
Go Deeper (3 min read)More from Business
Spending Doesn't Cool Down
Despite the economic uncertainty, Americans are continuing to spend, challenging the expectations of many business leaders about consumer behavior in slower economic times.
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Chipmaking In The U.S. And Japan
Achieving a remarkable milestone emblematic of its renowned industrial strategy, Japan witnessed the rapid construction of an impressive $8.6 billion semiconductor facility.
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Geopolitical Semiconductors
Taiwan Semiconductor Manufacturing Co. (TSMC) recently announced its decision to expand its footprint in southern Japan with the addition of a second semiconductor factory, signaling a significant escalation in its investment strategy that now exceeds $20 billion.
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Microsoft Leads The Way
In the recent quarter ending in December, Microsoft experienced its most significant profit surge in over two years, largely due to the rising interest in artificial intelligence which has significantly boosted the demand for its cloud services
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Apple Slows Down In China
In an unusual move, Apple is implementing notable discounts on its products in China, including the most recent iPhone models.
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The Tricky Real Estate Business
Office vacancy rates in major U.S. cities have reached their highest levels since at least 1979, according to Moody’s Analytics.
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