Tiffany’s $52,000 Patek watch strategy backfires among elite clients

By Bloomberg Published July 17, 2025 Tiffany & Co., the iconic American jeweler now owned by LVMH, is facing criticism from its wealthiest clients after a controversial sales strategy for an exclusive Patek Philippe timepiece. The limited-edition Nautilus 5711, featuring Tiffany’s signature robin’s-egg blue dial, became a flashpoint in luxury retail, with customers spending millions…

Read More

Layoffs and Unemployment Grow Among College Graduates

When Starbucks announced last month that it was laying off more than 1,000 corporate employees, it highlighted a disturbing trend for white-collar workers: Over the past few years, they have seen a steeper rise in unemployment than other groups, and slower wage growth. It also added fuel to a debate that has preoccupied economists for…

Read More