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Get your free copy of Editor’s DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.American Express is on a roll. The credit-card group’s shares have risen 75% since late October, handily outpacing the S&P 500’s 35% gain. The company’s shares trade at 18 times forward earnings, more than double the multiples of rivals Synchrony Financial Inc. and Discover Financial Services Inc. JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp., which all have large credit-card businesses, trade at about 11 times earnings.AmEx’s premium reflects the company’s focus on wealthy and business travelers. But…
Downward angle icon An icon in the shape of a downward angle. In 2024, it’s going to cost you to look sexy. iStock; Rebecca Zisser/BI As the cost of maintaining current beauty standards rises, the beauty industry will boom in 2024. TikTok trends and big-ticket items are driving up consumer spending on beauty and wellness. Here’s how much 3 people will spend to look sexy. Dominated by pricey skincare and facial injectables, the beauty industry is booming in 2024, and keeping up with today’s hot standards will only get more expensive.It seems like a new beauty trend or wellness recipe…
Fernando Alonso lost his cool after the FIA’s huge blunder at the Hungarian Grand Prix.The veteran racer became enraged and threw his jacket and hat to the ground while protesting at race officials.Fernando Alonso lost his cool at the FIA during the Hungarian Grand Prix. Photo: Rex He was so enraged he threw his jacket and hat to the ground. Photo: XAlonso was furious at the incident in qualifying and lashed out at race organisers afterwards.His complaint was directed at the FIA’s red flag after Sergio Pérez crashed at Turn 6 – the second of the session.The 42-year-old Alonso was…
What’s summer without an overarching theme that defines what everyone’s up to? Last year, everyone went Barbie-obsessed amid the Babenheimer phenomenon at movie theaters, but before that, it was all about having a hot-girl summer. Barbie is likely to be the leading trend for summer 2023 This year, you may have heard of an even cooler summer trend: Barbie’s mean sister, flicking cigarette butts and spitting at the very idea of pink: Brat Summer. Charli XCX’s latest album, Brat, was released in early June. Though it has nothing to do with Bratz dolls other than a similar spirit, this latest…
Listen to the article 6 minutes This audio is automatically generated, please let us know if you have any feedback. The H&M-backed co-lending program is now inviting more brands to join after initial success with India-based suppliers. Last year, retail giant H&M partnered with Singapore’s DBS bank to launch the Future Supplier Initiative to help suppliers access “green” loans for infrastructure investment. For major fashion brands working to decarbonize their supply chains, helping suppliers overcome financing hurdles is crucial to achieving sustainability goals. The program is supported by participating brands such as Gap Inc. and Mango Inc., as well as…
West Main is a 1,030,000-square-foot (95,690-square-meter) office, retail and mixed-use facility that will be the new home for some of Amazon’s 12,000 employees in Bellevue, Washington. The three-building project, designed by Graphite Design Group in collaboration with Compton Design Office for Vulcan Real Estate, is transforming Seattle’s eastern neighbor.Before West Main was completed in January 2024, the streetscape surrounding the site hindered Old Bellevue’s connection to Downtown. West Main changed that, using interactive art and landscaping to engage passersby and revitalize Main Street. West Main’s façade and courtyard have attracted tenants such as world-renowned Peruvian restaurant La Mar Cebichería Peruana,…
Gen Z’s relationship with AI is raising concerns about the future of the workplace, according to a new survey. [+] study.Getty Gen Z is diving headfirst into AI, incorporating it into their lives in everything from planning their workouts and meals to filling out job applications and hiring AI tutors. A new survey released today asks how this increased connectivity will impact the workplace. Young people are already being criticized for their inability to collaborate and communicate, with recruiters saying Gen Z is the worst to work with and manage. Andrew Ross, founder and CEO of dcdx, told me that…
NanoStock/Getty Images Nearly half of Gen Z adults say they don’t expect to receive a dime from their Social Security benefits in 2023, according to a survey by the National Association of Retirement Plans. If Gen Z isn’t counting on Social Security benefits, how much should they save for retirement? Additionally, 64% of Gen Z respondents were more likely than Baby Boomers and older generations to say they have or plan to have retirement accounts or savings as a source of retirement income beyond Social Security benefits. About 74% of Gen Zers are concerned that Social Security will run out…
If you’ve ever heard the saying “beauty is a pain,” here’s another, perhaps more accurate way to put it: beauty is expensive. Quarterly hair salon visits, biweekly nail salon visits, monthly waxing, and everything else you might be missing can all add up to more expenses than you’d expect. Plus, finding the time to go to those salons, and self-care overall, often feels like a luxury. Luckily, with the rise of at-home beauty treatments, it’s now easier than ever to treat yourself without the need for costly and time-consuming salon visits. These days, effective, easy-to-use beauty treatments allow you to…
In Germany, Cologne’s annual Pride Parade, or Christopher Street Day Parade, made history on Sunday, drawing more than 1.2 million participants and setting a new standard for LGBTQ+ celebrations in the country. With around 60,000 participants and 90 vibrant floats, the city of Cologne came alive with color, music and powerful messages of unity and LGBTQ+ rights.Under the theme “For Human Rights. Many. Together. Strong,” this year’s parade celebrated diversity and highlighted the ongoing fight for equality. The event was named after the New York City street that is home to the Stonewall Inn, a hub of the modern LGBTQ+…