Crystal Kim
Freelance writer covering markets, business, finance and crypto. Formerly of Axios, Bloomberg and Barron’s.
Articles
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5 days ago |
thedailyupside.com | Crystal Kim
Everything is not so “gucci” in the world of luxury goods. Brands that cater to the uber-wealthy, including LVMH’s Christian Dior, Kering’s Gucci, and Chanel, saw a dip in sales for the first quarter of 2025, continuing a slowdown that started last year. While CEOs of luxury goods retailers are chalking up the challenging environment to macroeconomic turbulence, market analysis suggests the industry’s excesses of the past few years could be contributing to weakness.
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3 weeks ago |
thedailyupside.com | Crystal Kim
Private credit, equity, and real estate markets won’t have to rely on the assets of the very wealthy for much longer if the broader investing public starts to buy in. Empower, the second-largest retirement plan provider in the US, said on Wednesday it would make private market investments available to its 19 million participants with the help of a consortium of Wall Street’s Who’s Who. They include Apollo, Franklin Templeton, Goldman Sachs, Neuberger Berman, PIMCO, Partners Group, and Sagard.
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3 weeks ago |
thedailyupside.com | Crystal Kim
The huzzahs out of Washington, D.C., and Beijing post US-China trade talks are obscuring the biggest beneficiary of the Trump administration’s trade agenda — Japan. Some $57 billion in foreign investments poured into the country’s securities in April as investors and central bank managers sought shelter from the Trump administration’s trade herky-jerky.
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3 weeks ago |
thedailyupside.com | Crystal Kim
Some educational tech platforms are falling behind as students increasingly embrace popular generative-AI chatbots and tools. Chegg, an online education company that offers textbook rentals and homework help, said on Monday that it would lay off 248 employees, or 22% of its workforce, as part of a broad restructuring effort. It is also closing physical offices in the US and Canada by the end of the year and reducing new product development initiatives.
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3 weeks ago |
thedailyupside.com | Crystal Kim
Where there’s a will, there’s a way, tariffs or no tariffs. The US-China meeting in Geneva over the weekend is ginning up hopes that companies caught in the crosshairs of a trade war will soon get some relief — President Trump floated the idea of cutting tariffs to 80% from 145% ahead of the discussions in a show of de-escalation. But some enterprising Chinese exporters looking to keep costs down have already taken matters into their own hands.
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A 25yo! https://t.co/IRSpSbzJw4
Timing of this story was money. ✅ EO (war’s over) ✅ SAB 121 rescinded 📭 deluge of crypto IPOs https://t.co/pUsHT5Byqb
W😲Wza
The FDIC is attempting to hide Operation Chokepoint 2.0 and the FDIC must preserve all documents related to digital assets immediately. Tim Scott and I will get to the bottom of it. https://t.co/98uLVVs60D
