Luxury spending now driven by experiences and 'inheritourism'
Luxury experience spending is projected to grow 3 to 7 percent annually, outpacing physical goods sales growth of 1 to 4 percent. A trend called inheritourism, where wealthy individuals travel to visit properties or locations tied to family heritage, is emerging as a driver of this experiential luxury market.
Read full story →Why agriculture’s biggest challenges are no longer cyclical
Agriculture now faces permanent structural challenges from climate risks, shifting trade dynamics, ESG requirements, and changing consumer expectations rather than cyclical difficulties. These transformations are fundamentally altering how the sector operates across production, trade relationships, and regulatory compliance.
Johnson & Johnson announces $5.5 billion settlement of talc lawsuits
Johnson & Johnson agreed to pay $5.5 billion to settle tens of thousands of lawsuits claiming its talc products caused ovarian cancer. The settlement resolves litigation that has pursued the company for years regarding baby powder and other talc-based products.
Peregrine Capital: AI conviction intact after volatile first half marked by war and oil shock
An oil price spike triggered by war in March caused significant market volatility that fully recovered by April. Peregrine Capital maintains confidence in artificial intelligence investments long-term despite investor concerns about near-term expenses of building AI infrastructure.