Economics

Consumer

After Years of Double-Digit Sales Growth, Luxury Retailers Face ‘Reckoning’

Photo via imageBROKER/Igor Zakirov/Newscom

From LVMH to Richement, brands built on status pursue younger customers amid signals that the salad days of the past two decades are over.

4 min read

Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Ljupco and Frentusha via iStock and Freepik

Real Estate

Wall Street Bonus Bonanza Flows Into US Real Estate Markets

A record year for Wall Street bonuses is driving real estate investment, from luxury coastal property to workforce housing in the heartland.

5 min read
Photo via Annabelle Gordon/CNP / Polaris/Newscom

Banking

Were the Cockroaches Alone? Dimon IDs Malodorous Mammal at Economy’s Gates

Ongoing armed conflict in Ukraine and Iran, Dimon wrote, have him concerned about an economic “skunk at the party.”

2 min read

Indicators

New Labor Data Rings Death Knell for the ‘Great Resignation’

Photo via Michele Eve Sandberg/Sipa USA/Newscom

Just 28% of workers say it’s a good time to find a quality job, down from 70% in mid-2022, according to data from Gallup.

1 min read

Energy

Energy Crisis Powers Up Big Payday for LNG Exporter Venture Global

Photo via Gerard Bottino / SOPA Images/Sipa USA/Newscom

Morgan Stanley analysts on Monday granted the US LNG exporter a rare double upgrade, changing its rating from underweight to overweight.

2 min read

Consumer

Wall Street Buys into Target’s Turnaround Plan

Photo by Zoshua Colah via Unsplash

Shares in stagnant retailer Target surged as executives pitched investors on a turnaround plan that includes $5 billion in capital spending.

2 min read

Photo by Zoshua Colah via Unsplash

Consumer

Wall Street Buys into Target’s Turnaround Plan

Shares in stagnant retailer Target surged as executives pitched investors on a turnaround plan that includes $5 billion in capital spending.

2 min read
Photo via Kyle Mazza, Kyle Mazza/ZUMAPRESS/Newscom

Personal Finance

Trump’s Retirement Savings Plan Offers Potential Bonanza for Firms Like Fidelity

If the accounts come to fruition, they could achieve a longtime goal of industry advocates and policymakers on both sides of the aisle.

2 min read
Photo by https://unsplash.com/photos/condo-neighborhood-in-the-suburbs-ROVuTYG_jso via Unsplash

Real Estate

US Housing Market Doesn’t Have Much ‘Tailwind’: Lowe’s CEO

The value of single-family US homes increased at the slowest rate in 14 years in December, according to the S&P Cotality Case-Shiller Index.

2 min read

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