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Tariffs Upend U.S. Funeral Supply Chain: Casket & Urn Prices Poised to Jump 8 – 12 % in 2025
May 22 2025 | New York – A fresh round of import duties on steel, aluminum, and hardwoods is about to make the cost of dying in America noticeably higher. Funeral-home owners nationwide say wholesale quotes on caskets, urns, and even embalming-fluid containers have surged since the White House reinstated 25 % tariffs on primary metals and added
JPMorgan’s Jamie Dimon Warns U.S. Faces ‘Stagflation Risk’ Despite Trump Tax-and-Spend Bill
May 22, 2025 | New York & Shanghai – JPMorgan Chase & Co. chief executive Jamie Dimon sounded the alarm on Thursday, telling investors that the United States could slide into a period of stagflation—the toxic mix of slow growth and stubborn inflation—even as Congress advances President Donald Trump’s sweeping tax-and-spending package. Speaking at the bank’s Global China Summit in Shanghai,
Tech Stocks Slide Ahead of Fed Speakings, Testing Market Resilience
May 20, 2025 | New York – U.S. equity markets pulled back on Tuesday as technology shares led the retreat ahead of a string of scheduled Federal Reserve speeches this week. The Dow Jones Industrial Average fell 0.19 percent, the S&P 500 declined 0.34 percent, and the Nasdaq Composite dropped 0.45 percent, threatening to end the
JPMorgan Expects Dealmaking Fees to Drop as Tariff and Geopolitical Tensions Mount
May 19, 2025 | New York – At its annual investor presentation in New York today, JPMorgan Chase & Co. (NYSE: JPM) warned shareholders that its second-quarter investment banking fees are projected to decline by a mid-teens percentage year-on-year, as escalating U.S. tariffs and ongoing geopolitical uncertainty weigh on global dealmaking Reuters. The bank’s leadership also reaffirmed
Federal Reserve to Slash Workforce by 10% in Efficiency Push
May 16, 2025 | Washington, D.C. – In a move aimed at streamlining operations and aligning with broader government efficiency efforts, Federal Reserve Chair Jerome Powell announced plans today to reduce the central bank’s workforce by approximately 10 percent over the next several years. The initiative will primarily rely on attrition and a voluntary deferred resignation
Apple Ramps Up U.S. Manufacturing and Chip Sourcing as Tariffs Slice Profits
May 16, 2025 | Cupertino, Calif. – Confronted with a projected $900 million tariff-related cost hit this quarter, Apple Inc. is accelerating efforts to reshuffle its global supply chain—shifting more semiconductor sourcing and assembly back to U.S. soil to insulate itself from volatile trade policy and preserve profit margins ReutersReuters. Buyback Cuts Signal Caution In its May
Hermès to Offset New U.S. Tariffs with Price Hikes Across All Product Lines
May 15, 2025 | New York – French luxury powerhouse Hermès announced today that it will implement an across-the-board price increase in the United States beginning May 1, aimed squarely at neutralizing the impact of recently imposed 10 percent tariffs on European imports. The move underscores Hermès’s unshakable confidence in its pricing power—and its commitment to
Sotheby’s Modern Evening Sale Stumbles as $70 Million Giacometti Bust Fails to Sell
On May 13, Sotheby’s Modern Evening Auction in New York delivered a surprising upset when Alberto Giacometti’s bronze bust Grande tête mince (Grand tête de Diego) failed to find a buyer despite a presale estimate of $70 million. The work opened at $59 million but saw bidding stall at $64.25 million before the gavel came down “passed,”
The New American Workplace: The Rise of Remote and Hybrid Models in 2025
Over the past few years, American businesses and workers have undergone a radical transformation in the way work is structured. What once was the rare exception — working from home — has now become a foundational element of modern professional life. In 2025, remote and hybrid work models are no longer simply “alternatives”; they are the expectation for a
The Rise of Quiet Luxury: How Discretion Became the New Status Symbol
The Rise of Quiet Luxury: How Discretion Became the New Status Symbol In 2025, a notable shift is occurring in the American luxury landscape. Consumers are moving away from overt displays of wealth, embracing a more understated elegance known as “quiet luxury.” This trend emphasizes quality, craftsmanship, and timelessness over flashy logos and transient fashions. It’s not just