Luxury Stocks Hit Three-Month Low as Analysts Warn on Valuations

As Europe’s luxury-goods stocks get off to a shaky start to 2026, some analysts are warning that the sector’s recent rally has left valuations looking inflated. Morgan Stanley downgraded LVMH to equal-weight on Monday, saying both tariffs and currency fluctuations...

De Beers Cuts Diamond Prices for The First Time in Over a Year

De Beers cut its official diamond prices for the first time in more than a year, according to people familiar with the matter, ending its attempts to support the market in the face of slumping demand. The diamond industry has been beset by one of the deepest and most...

Americans Bear Almost All the Cost of Trump Tariffs, Study Shows

President Donald Trump’s duties on imported goods are paid almost entirely by American importers, their domestic customers and ultimately US consumers, a study from a German think tank concluded. “Foreign exporters did not meaningfully reduce their prices in response...

Trump’s Pursuit of Powell Threatens to Muddle Fed Tea Leaves

The Trump administration’s latest attack on the Federal Reserve has stoked expectations that Jerome Powell will stay on the Board of Governors after his term as chair ends in May — setting up the optics of a rival center of influence inside the world’s most powerful...