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A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. An Egyptian archaeological mission with the Supreme Council of Antiquities discovered the mud-brick tombs at the Tell al-Deir necropolis in Damietta city in Damietta governorate, the ministry said in a statement last month. The site where 63 mud-brick tombs were discovered at the Tell al-Deir necropolis, in the Nile Delta town of Damietta, Egypt. Egypt's Supreme Council of Antiquities / APThe Ptolemaic dynasty was Egypt’s last before it became part of the Roman Empire. Egypt exhibited artifacts from the Ptolemaic period for the first time in the Egyptian Museum in Cairo in 2018, with around 300 artifacts on display.

Persons: Neveine el, Arif, Alexander the Great, Ptolemy, Ptolemy I, Cleopatra Organizations: Ministry of Tourism and Antiquities, Supreme, of Antiquities, Egypt's, Egyptian Locations: Delta, Deir, Damietta, Damietta governorate, Nile Delta, Egypt, Roman, Macedonia, Cairo

☆ A Sports Agent Went Viral. He Isn’t Ready to Fade Away.
▼ + stars: | 2024-08-13 | by ( Eve Peyser | ) www.nytimes.com time to read: +1 min

On a Friday morning in late July, the New York Giants were deep into training camp for the upcoming season, with dozens of athletes hoping to secure one of 52 spots on the team. Across the street, at MetLife Stadium, Sean Stellato swaggered through the largely empty corridors, totally at ease. Naturally, Mr. Stellato also wore a fedora — his signature accessory. It was big and crimson, made by the Italian company Borsalino, which, he said, manufactures “the Rolex of fedoras.”He walked up to the stands: Section 109, Row 36, Seat 20. The exact place he had been sitting on Dec. 11, 2023.

Persons: Sean Stellato swaggered, Stellato, Tommy DeVito, snakeskin Gucci loafers, ” Organizations: New York Giants, MetLife, Giants, Rolex, National Italian American Sports Hall of Fame

☆ Jewels stolen in Germany’s Green Vault heist back on display
▼ + stars: | 2024-08-13 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Police have said most of the jewels stolen from the museum, which houses one of Europe’s greatest art collections, have been recovered. Sean Gallup/Getty Images“There are certain things that perhaps absolute experts can see; we with the naked eye can actually barely see the damage,” said Marion Ackermann, Dresden State Museums director general. Dresden Castle houses the Gruenes Gewoelbe (Green Vault) collection of treasures. The treasures survived Allied bombing raids in World War II, only to be carted off as war booty by the Soviet Union. They were returned to Dresden, the historic capital of the state of Saxony, in 1958.

Persons: Germany Reuters —, Dresden White Diamond, Sean Gallup, ”, Marion Ackermann, ” Ackermann, Michael Kretschmer, Jens Schlueter, Augustus the Strong, Elector of Saxony, King of Poland, France’s King Louis XIV Organizations: Germany Reuters, Police, Dresden, Getty Locations: Dresden, Germany, Saxony, Europe, Soviet Union

Learn more"Diamonds" and "affordability" are rarely words associated with each other, but for a limited time, you can find plenty of jewels on sale from Blue Nile. Blue Nile is already one of our favorite jewelers because it offers some of the most affordable engagement rings you can buy. We've highlighted some of our favorites from the sale, including stunning engagement rings, sleek men's bands, and pearl necklaces. Blue Nile is not only a retailer we trust but also one that doesn't usually hold sales. Check out the full anniversary sale spread on Blue Nile.

Persons: that’s Organizations: Business Locations: Blue

☆ Pompeii archaeologists find bodies of man and woman – and their treasure
▼ + stars: | 2024-08-12 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

Rome CNN —The skeletal remains of a man and a woman have been unearthed in Pompeii, along with a cache of coins and precious jewelry, archaeologists say. Clutched in her hands was a small cache of gold, silver and bronze coins, as well as gold and pearl earrings. “Trapped in the cramped little room, their deaths were caused by the pyroclastic flow that buried them,” the archaeologists said. A large bronze candelabrum was found on the floor. They have provided some of the most important discoveries ever made in the ancient city.

Persons: Gabriel Zuchtriegel Organizations: Rome CNN, IX Locations: Rome, Vesuvius

☆ Missing pieces of a Byzantine artifact recovered at Sutton Hoo
▼ + stars: | 2024-08-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The incomplete artifact is on display in the High Hall exhibition at Sutton Hoo in Suffolk, England. A researcher excavates part of the Bromeswell bucket from the trench at Sutton Hoo. Based on the forms of Greek letters at the top of the artifact, researchers think the vessel was already 100 years old when it arrived at Sutton Hoo, Howarth said. Future research at Sutton Hoo could reveal the broader history of the site and what kept drawing people to inhabit it over time, Howarth said. The aim of this project is to look at the landscape and think about who was inhabiting it and how that fits into the wider Sutton Hoo story.”

Persons: Count, David Brun, ”, Laura Howarth, Howarth, James Dobson, ’ ” Howarth, Angus Wainwright, “, David Brunetti, ” Howarth, Sutton, Edith Pretty Organizations: CNN, Sutton, harrow, National Trust ., National Trust, Field, Specialists, Heritage, Hoo, “, British Museum Locations: Suffolk, England, Hoo, African, Sutton Hoo, Byzantine, Antioch, Turkey, Britain, Sutton, Hampshire, East Anglia, what’s, Sri Lanka

☆ How My Beloved Bologna Turned Into a Tourist Inferno - The New York Times
▼ + stars: | 2024-08-09 | by ( Ilaria Maria Sala | ) www.nytimes.com time to read: +2 min

A little more than 10 years ago, Bologna, my Italian hometown, was not really considered a big tourist destination. Budget airlines, short-term rentals and social media changed everything. These days Bologna is on its way to becoming a full-blown, must-avoid-the-main-roads kind of tourist city. But one result has been very particular to Bologna: the consumption of mind-numbing, heart-stopping amounts of mortadella. When I asked the shop assistant how ancient they were, she replied that they had been open for three months.

Persons: tagliatelle —, ” Organizations: Budget, Covid Locations: Bologna, Europe, Downtown

☆ Gen Z convinced me to buy trendy ballet flats. They never left my closet.
▼ + stars: | 2024-08-07 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

Read previewI scrolled through designer websites, searching for the perfect ballet flats. I lusted over a $1,170 pair of slippers from Miu Miu but couldn't justify the purchase for obvious reasons. I dreamed of these expensive Miu Miu shoes before settling on a pair from Target. I loved my ballet flats when I styled them, but did I need to own them in the first place? Making the most of my purchaseI'm unsure how much longer ballet flats will be considered chic.

Persons: —, Miu Miu, Sam Edelman's, I'd, pang, Jeremy Moeller, Paris Hilton, Rihanna, Hilton, Kim Kardashian, Jeffrey Campbell's Lita, Miu Miu's, Gen Zers, TikTok, chunky Mary Janes, Amanda Krause, Carolyn Mair, Gen Z, There's, Mair, Lita, " Mair Organizations: Service, Target, Business, Getty, Footwear News, Paris, PhotoNews, Inc, Converse Locations: Lyst

☆ India's ultra-wealthy club is booming — here's where the country's rich are investing
▼ + stars: | 2024-08-06 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.

Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India

Di Bari is one of thousands of residents attempting to rebuild her home and business amid a flurry of instability. Courtesy Qiana and Michele Di BariToday, many Lahaina residents who lost their homes are still displaced as they scramble from one temporary shelter to another. “The true thing about Lahaina people is you cannot take Lahaina people out of Lahaina,” Nahoo’ikaika said. A man walks past wildfire wreckage in Lahaina, Hawaii, on Aug. 9, 2023. A rainbow is seen from Put Kukui mountain over burned cars and buildings in Lahaina, Hawaii, on Aug. 13, 2023.

Persons: restauranteur Qiana Di, Michele, Di, Qiana Di, Pepe, Michele Di Bari, ”, Jamie Nahoo’ikaika, Sale Pepe, Jaret, Levi, King Kamehameha III, Di Bari, Baris, Nahoo’ikaika, James Tokioka, Tiffany Kidder Winn, Lisa Grove, —, Josh Green, Kalama McEwen, he's, McEwen, Mengshin Lin, Cindy Canham, you’ve, Canham, Whaler’s, Jimmy Carter, she'll Organizations: Di Bari, NBC, FEMA, NBC News, Tourism, Maui, Hawaii Department of Business, Economic, Rural Health Association, The Washington, Getty Locations: Lahaina, Hawaii, restauranteur Qiana Di Bari, Maui, Italian, Di Bari, Paradise , California, Qiana Di Bari, New York, “, Lahaina , Hawaii, Hawaiʻi, ”, Texas, Kihei

☆ Mark Zuckerberg is in his fashion designer era
▼ + stars: | 2024-08-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Read previewAfter finally ditching his daily navy tees to show off more of his personal style, Mark Zuckerberg is taking his fashion journey a step further. Since then, Mark has made his own gold chain meme (using Meta AI, of course.) In April Zuckerberg said he was working with a jewelry designer to create the perfect gold necklace dedicated to his daughters. Meta CEO Mark Zuckerberg predicted that smart glasses, enabled with AI technology, will become commonplace. AdvertisementAnd with such a positive response to his new "drip," it won't be surprising if Zuckerberg keeps pushing into the fashion industry.

Persons: —, Mark Zuckerberg, he's, Zuckerberg, Adam Mosseri, Ban, Cooper Neill, Mark, hasn't, Augustus, Carlos Barria, Ray Organizations: Service, Business, Ray, Getty, Meta, Google, REUTERS Locations: Instagram, libertatem

Simone Biles has long been nicknamed a “GOAT” — or the “Greatest Of All Time." The white gold necklace, which she clung onto proudly while on the podium on Thursday, is a diamond-covered goat. Simone Biles in Paris on Thursday. “My GOAT necklace is just kind of an ode, because the people love it and some people hate it,” she told reporters at a news conference. While some people have reached out to the jeweler asking her to recreate the goat necklace for them, Heller said she's refused.

Persons: Simone Biles, Janet Heller, ” Heller, Biles didn’t, Heller, Jamie Squire, Biles, ”, ’, It's, “, ‘ Hey Simone, ” Biles, Simone, she's Organizations: Olympic, “, NBC News, BBC, Facebook, Biles Locations: American, Calabasas , Calif, Paris

☆ Simone Biles wore a goat necklace encrusted with 546 diamonds while accepting her gold medal at the Paris Olympics
▼ + stars: | 2024-08-01 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Simone Biles won the all-around gold medal in women's gymnastics at the 2024 Paris Olympics. She wore a diamond goat necklace to the medal ceremony designed by Janet Heller Fine Jewelry. AdvertisementSimone Biles embraced her status as the "greatest of all time," or "GOAT," with a custom necklace at her medal ceremony at the 2024 Paris Olympics. After winning a gold medal at the women's gymnastics all-around final on Thursday — her ninth Olympic medal — Biles stood atop the podium wearing a necklace with a diamond goat pendant. Janet Heller Fine Jewelry shared in an Instagram post that Biles commissioned the three-dimensional goat necklace, which is encrusted with 546 diamonds, as well as an Olympic ring necklace.

Persons: Simone Biles, Janet Heller Fine, Biles, — Organizations: Service, Janet Heller Fine Jewelry, Business

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

☆ Gold lacks momentum as Fed meeting looms
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: +2 min

Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. "Any moves lower in the dollar would likely provide a boon to gold, which could again see levels north of $2,400." Lower interest rates reduce the opportunity cost of holding the non-yielding bullion.

Persons: Gold, Tim Waterer, KCM, Heraeus Organizations: Federal, Fed, Bank of England, Bank of Japan Locations: U.S

☆ How a Texas woman managed to steal over $100 million from the US Army
▼ + stars: | 2024-07-28 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

A judge sentenced a Texas woman to 15 years for stealing over $100 million from the US Army. Janet Yamanaka Mello used her position at Fort Sam Houston to secure fraudulent grants. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Texas woman will spend more than a decade in prison after stealing over $100 million from the military to fund her lavish lifestyle. A federal judge sentenced Janet Yamanaka Mello, 57, to a term of 15 years in federal prison last week on five counts of fraud and five counts of filing false tax returns.

Persons: Janet Yamanaka Mello, Fort Sam Houston, Mello, — Organizations: US Army, Fort, Service, Child & Youth Services, Child Health, Lifelong, Business Locations: Texas, Fort Sam

☆ What are 2024 Olympic gold medals made of? Explaining the Eiffel Tower connection
▼ + stars: | 2024-07-27 | by ( Lukas Weese | ) www.nytimes.com time to read: +3 min

Winning an Olympic gold medal is considered a crowning achievement for an athlete, so it’s only fitting that the physical medal represents the significance. What else is unique about these gold medals and how are they connected to the Eiffel Tower? How much do the Olympic gold medals weigh? Who designed the Olympic gold medals? According to Forbes, a Paris 2024 Olympic gold medal is worth approximately $950.

Persons: Celine Dion, “, Eiffel, Moët Hennessey Louis Vuitton, Ludovic Marin –, Thomas Samson Organizations: Olympic, Eiffel, Paris, Olympics, LMVH, Louis Olympic Games, It’s, Forbes, The Athletic, Getty Locations: Paris

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.

Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, ”, Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States

☆ It’s Shark Season. How Worried Should You Be?
▼ + stars: | 2024-07-26 | by ( Erik Vance | ) www.nytimes.com time to read: +19 min

California has very few shark attacks — just two recorded in 2023, fewer than New York and the Carolinas. The eastern coast from Virginia to New York doesn’t see many shark attacks, despite having many popular beach towns. Long Island in New York is, roughly speaking, the northern border of the bull and tiger shark ranges. Tiger Shark A 3D illustration of a Tiger Shark. Kentucky managed to rack up 12 shark attacks in 2006 after the aquarium in Newport opened a shark petting exhibit.

Persons: Meg ”, “, —, You've, Read, Long, Louis, Napoleon, manhandling You've, snorkelers, snorkelers ’, Bob, you’re Organizations: Florida Museum, New York Times, America . California Carolinas, Georgia Florida Gulf, Alaska You've, Daytona, Bull Sharks, Tiger Sharks, Sharks, Nurse Sharks Locations: United States, Hawaii, Washington State, America . California, Georgia Florida, Georgia Florida Gulf Coast Hawaii, States New, Pacific Northwest, Alaska, California, New York, Carolinas, Los Angeles, San Diego, Georgia, South Carolina, Florida, North Carolina, Cape, Volusia County, Gulf, Coast of Texas , Louisiana , Mississippi, Alabama, Texas . Galveston , Texas, Maui, States, Virginia, New England, Cape Cod, Massachusetts, Maine, Northwest, Oregon, Washington, Mississippi, of Mexico, Kentucky, Newport, St, Fla

☆ Gold prices climb as investors focus on U.S. economic data
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline. Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline. Bullion prices scaled an all-time high of $2,483.60 last week amid rising bets of rate cuts. Spot gold may break resistance at $2,417 and bounce further to $2,432, according to Reuters technical analyst Wang Tao. "Growth estimates in photovoltaic panel usage have been markedly revised higher, resulting in silver demand draws far exceeding supply.

Persons: Tim Waterer, KCM, Wang Tao Organizations: ANZ, Management Locations: India

☆ US Army worker who stole nearly $109 million to buy mansions and luxury cars is sentenced
▼ + stars: | 2024-07-24 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

Mello was a financial manager who handled funding for a youth program at the military base and determined whether grant money was available. Prosecutors said Mello used the fake organization she created to apply for grants through the military program. Mello used the money to buy millions of dollars of real estate, clothing, high-end jewelry and 82 vehicles that included a Maserati, a Mercedes, a 1954 Corvette and a Ferrari Fratelli motorcycle. “Janet Mello is a good, kind, caring and loving person that would do no harm to anyone,” Faison wrote. Please allow her to repay her debt to society by returning what she has taken but not be behind prison bars.”

Persons: Janet Yamanaka Mello, Xavier Rodriguez, Mello, Fort Sam Houston, “ Janet Mello, ”, Jaime Esparza, “, selfishly, ” Esparza, Albert Flores, ” Flores, Flores, Prosecutors, Justin Simmons, Mercedes, Simmons, Lucy Tan, Mello’s, Denise Faison, ” Faison, “ Janet Organizations: US District, Prosecutors, Fort, Child Health, Lifelong Development, Western, Western District of, Defense Locations: Texas, Fort Sam, San Antonio, Western District, Western District of Texas, Houston

☆ Usher was 'never frivolous with spending' as a teen star. Now he helps teach young people financial literacy
▼ + stars: | 2024-07-24 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

In 1994, at just 15 years old, Usher Raymond IV, more commonly known as Usher, rose to fame after releasing his first album. Earning more money than most teens, Raymond could have easily splurged on expensive things like clothes and jewelry, but he says he chose a different path. "Surprisingly, I was never frivolous with my spending," Raymond tells CNBC Make It. "It wasn't until my latter years that I decided to buy cars and jewelry and things that would obviously depreciate." His hope is that his children will follow in his footsteps and do the same.

Persons: Usher Raymond IV, Usher, Raymond, he's Organizations: CNBC

☆ Avoid the 'Magnificent 7' and buy these lesser-known stocks instead, wealth manager says
▼ + stars: | 2024-07-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The so-called "Magnificent Seven" were among the hottest stocks last year, but one wealth manager says they are "wildly overvalued" and has his sights elsewhere. The Magnificent Seven comprises Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla , which continue to be in the spotlight thanks to the buzz around artificial intelligence. Other global stocks Global stocks Dennison is betting on include Fresenius Medical Care , a German health-care company, and Kazatomprom, a Kazakhstan-headquartered producer of uranium. "It is a top position in many pension portfolios and has become a value stock because of the strong Swiss Franc," he said. Value stocks are often cheaper than so-called growth stocks and typically trade at a lower price than what the company's performance indicates.

Persons: Tariq Dennison, Dennison, he's, Russell, Chow, Fook, Tencent, Goldman Sachs, Kazatomprom Organizations: GFM Asset Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Nasdaq, Value, Avantis U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, KB, Jackson Financial, Warrior, MTR Corp, Global, Dennison, Fresenius, London Stock Exchanges, U.S, Nestle, Six Swiss Exchange Locations: U.S, China, Hong Kong, Kazakhstan, Swiss

☆ Americans Still Shop for Luxury Items in Physical Stores, Not Online
▼ + stars: | 2024-07-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

It found that people generally have a strong preference for a brick-and-mortar experience when buying luxury items. Online luxury sales picked up during the pandemic but have since come back down to earth. The overarching theme is that many consumers haven't warmed up to shopping luxury — namely, ultra-luxe items and brands — online. AdvertisementWe try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn't work. For the most part, luxury brands prefer that customers would rather shop in-store.

Persons: Gen Z, Claire Tassin, haven't, Jason Goldberg, hasn't, Goldberg, Luca Solca, Solca, Nora Kleinewillinghoefer, Prada, Tassin, Louis Vuitton, Kleinewillinghoefer, Emily Stewart Organizations: Walmart, Morning, Moda, Groupe, Bernstein, Bain & Company, Burberry, Gucci, luxe, Companies, Amazon, Business Locations: —, Kearney

☆ Inside Best Buy's push to get back to sales growth, cash in on AI craze
▼ + stars: | 2024-07-23 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

One of Best Buy's major hopes to drive sales comes from artificial intelligence-enabled laptops and smartphones. Best Buy expects revenue to range from $41.3 billion to $42.6 billion, a decline from $46.3 billion last year. (Best Buy is among the retailers that have participated in the Amazon-created retail holiday by offering up its own deals.) The collection, which includes roughly 40 different items with about 40% exclusive to Best Buy, began to get delivered in mid-June. A Best Buy store in Woodbridge, Virginia, US, on Tuesday, May 21, 2024.

Persons: Melissa Repko, Corie Barry, Barry, Steven Zaccone, Gram, Nathan Howard, headwinds Organizations: CNBC, Citi Research, Adobe Analytics, Apple, Samsung, Microsoft, YouTube, company's, Bloomberg, Getty Locations: Secaucus, N.J, Woodbridge , Virginia

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