Tokyo wakes up at 7 p.m. New York time, just in time to watch the S&P 500 futures twitch like a lab rat on its third espresso. In London, fund managers are already three cups in, praying the overnight move doesn’t blow up their bonus before breakfast. Meanwhile in São Paulo, a currency trader checks…
Giorgio Armani, the 89-year-old maestro of Milanese understatement, has spent half a century selling the world a very expensive mirage: the promise that if we just button the right shade of greige, we too can glide through geopolitical meltdowns with the serene detachment of a man who has never once spilled espresso on his lapel….
The ADP National Employment Report dropped this morning like an overpriced latte on a marble trading-floor desk: briefly scalding, quickly mopped up, and instantly debated by people whose bonuses depend on pretending to know what it means. According to America’s largest private-payroll processor, U.S. private employers added a breezy 192,000 jobs in April—comfortably above the…
Figma’s Phantom IPO: How a Design-Tool Darling Became the Rorschach Test for Late-Stage Capitalism By the time you finish reading this sentence, another unicorn will have galloped past the slaughterhouse gates. Among them, Figma—purveyor of cloud-based rectangles and the preferred doodle-pad of every product manager who thinks Helvetica is a personality—is once again flirting with…
Nigel Farage: The Man Who Weaponised Nostalgia and Won the World’s Attention By Dave’s Locker International Desk The planet’s pundits spent years dismissing him as a pint-sized sideshow in pin-stripe, yet Nigel Farage has quietly become the Brexit Age’s answer to Rasputin: apparently un-killable, faintly perfumed by beer foam, and still pulling strings long after…
Rachel Reeves and the Art of Global Fiscal Schadenfreude By Our Man in a Grey Cloud Somewhere over the North Sea There are moments, usually around 3 a.m. in a hotel bar in Frankfurt, when one realises that the entire planet is simply a vast, badly-run hedge fund with mood lighting. Enter Rachel Reeves, the…
Gold’s Quiet Rally: Why GLD Is Suddenly the Whole World’s Hedge By Dave’s Locker International Desk LONDON—On trading floors from Tokyo to Toronto, one three-letter ticker has muscled its way back onto every macro strategist’s screen: GLD, the SPDR Gold Shares ETF. After months of listless drifting, the world’s largest bullion-backed fund has surged 11…
