Why it matters: The ferocity of this particular boycott — which has entered its third month of headlines — is due in large part to the brand's misalignment with key consumers, easily accessible competitors and the poor corporate response.
Median pre-money Series C, D and E valuations for U.S. startups showed signs of bouncing back — or at least not falling anymore — in Q2, according to new data from Carta.
Why it matters: Since the downturn started about 18 months ago, late-stage startups have borne the brunt of ripples from the private market, given their proximity to public-market valuations.
In Wisconsin,the governor can veto the tiniest parts of a bill, even unto deleting the first two digits of a year and the hyphen following them.
Why it matters: Thus does "2024–25" become "2425," and thus does a spending increase designed (by the legislature) to last for two years become one designed (by the governor) to last for over 400 years.
Last week I went to a Steve Reich concert in the Sonic Sphere, a $2 million 250-capacity music venue suspended from the roof of The Shed, in Manhattan.
Details: A scaled-up version of legendary composer Karlheinz Stockhausen's 1970 Kugelauditorium, it's designed to be a whole new way of listening to music, with 100 speakers surrounding every audience member from every direction.
Not all Chinese imports get registered as imports. Specifically, if a shipment falls beneath a certain "de minimis" value, it neither gets inspected nor taxed by U.S. Customs.
State of play: That de minimis value is $800 — high enough to cover effectively all of the shipments from Chinese fast-fashion giants Shein and Temu.
Remember when a brief spike in UK government bond yields caused the downfall of Prime Minister Liz Truss after just 45 days in office? It turns out those bond yields were just a sign of things to come.
Why it matters: UK interest rates have a direct effect on discretionary income, since most UK mortgages reprice every two years.
Treasury secretary Janet Yellen's trip to China this week is taking place as trade between the two countries is plunging.
Why it matters: For all that fireworks sales rose again this year — nearly all of them sourced from China — imports from China to the U.S. totaled $130 billion over the four months from February through May. That's down 25% from $175 billion a year ago.
