slowdown

Luxury Industry Hit Hard by Slowdown, but Some Key Areas Still Shine

It’s been a rough year for luxury retailers, as economic headwinds have reduced consumer demand, but there are still a few places where people are willing to spend money.Luxury brands could be facing their biggest setback in 15 years, according to a report published by Bain & Company and Italian luxury goods industry association Altagamma…

AI Slowdown? Big Tech Earnings Are Telling a Different Story.

Is there a let-up in the AI mania? Big Tech doesn’t seem to think so.Microsoft and Meta this week took turns explaining why they see no sign of weakening interest in the AI they’ve bet their futures on, reporting earnings that appeared to shrug off concerns over recent analyst notes…