Why eyewear stores are taking over London’s high streets

Private equity-backed brands such as Cubitts, Ace & Tate and Jimmy Fairly compete for scale in financially alluring sector

Can canned cocktails revive the booze business?

Young customers are flocking to ‘ready-to-drink’ beverages as other alcohol sales slump

Chris Hohn’s hedge fund TCI bets on Italian luxury hotels

Billionaire stockpicker has stakes in loans to landmark properties in Venice, Capri, Lake Como and Milan

‘Not worth the squeeze’: global private equity makes zero deals in China

Firms avoid new equity investments as Beijing tightens scrutiny of foreign capital in sensitive sectors

How a Pesky Jordan Copycat Dribbled Around Nike in China

Qiaodan has gone from a minor irritant to a sophisticated operator nibbling away at Nike in its biggest overseas market

U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil

Strategic oil inventories have reached a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored.

Opinion

Is the massive investment in artificial intelligence creating a catastrophic economic bubble? In this episode of “Make It Make Sense,” Damir Marusic sits down with Impact Theory co-founder Tom Bilyeu to break down the risks of AI-driven debt, shadow banking and fast-depreciating GPU hardware. They examine how an AI market correction could ignite political extremism, critique U.S. fiscal policy under President Donald Trump and discuss what it will take to rebuild the American middle class.

US tech stock correction likely, warn ECB economists

Boom-bust pattern could become ‘question of financial stability’ for euro area, central bank team writes in blog post

Opinion

Is the massive investment in artificial intelligence creating a catastrophic economic bubble? In this episode of “Make It Make Sense,” Damir Marusic sits down with Impact Theory co-founder Tom Bilyeu to break down the risks of AI-driven debt, shadow banking and fast-depreciating GPU hardware. They examine how an AI market correction could ignite political extremism, critique U.S. fiscal policy under President Donald Trump and discuss what it will take to rebuild the American middle class.

Ferrari's first EV auctioned off at record $40mn

The Luce’s auction price sets a record for a new car

Cava CFO on growth, AI and why price hikes aren't on the agenda

Good morning. When Cava recently reported second-quarter results, the numbers told a story of a fast-casual Mediterranean restaurant defying industry gravity: revenue up 31.3% year over year to $365.4 million, same-restaurant sales up 9% on 5.3% traffic growth, and shares jumping more than 10% in response last week. I also talked with CFO Tricia Tolivar about how the finance organization itself is changing.

EY is turning its internships into yearlong residencies as AI changes entry-level work

EY is launching a months long residency to train young consultants on the skills they will need for the AI era.