Chip stocks are bouncing back Monday, but the rebound doesn't mean tech investors are in the clear.The PHLX Semiconductor Index (SOX) suffered its fifth-largest single-day decline in history. When a sector that has effectively anchored the entire macro tech narrative moves with that kind of violence, we shouldn't treat it...
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Audemars Piguet’s watch prices remain stable after controversial Swatch collab
The Royal Pop watches from Audemars Piguet and Swatch. Courtesy: SwatchWhen the famed luxury watch brand Audemars Piguet announced a collaboration with Swatch last month, some Audemars collectors feared the worst.Rapper DDG said he would sell his $180,000 Audemars Piguet if the collaboration grew too big and cheapened the brand....
Hong Kong’s IPO boom is developing a performance problem
A gong during the listing ceremony of Contemporary Amperex Technology Co. Ltd. (CATL) at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, May 20, 2025.Bloomberg | Bloomberg | Getty ImagesBEIJING — Hong Kong may be the top market globally for initial public offerings, but it also suffers...
U.S. proposes fresh tariffs on 60 economies over forced labor trade practices
People watch as the Doris Ocean container ship departs from the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty ImagesThe Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies over their failure...
How ‘Backrooms’ producer Peter Chernin thinks Hollywood needs to change
Over the past week, one conversation has dominated Hollywood executive lunches and studio staff meetings: What's the next "Backrooms"? The industry is scrambling to figure out how to replicate the phenomenon of "Obsession" and "Backrooms," low-budget psychological horror films directed by YouTube creators that have dominated the box office over...