Luxury market pins hopes on millennials as industry posts first year of decline since 2009

The global personal luxury goods market shrank by around one percent in 2016, marking the first year of negative growth for the industry since 2009, according to research released Monday by consultancy Bain & Company. Yet the industry has recovered to notch up...

Op-Ed: Bitcoin is more akin to the Nasdaq than gold and is not a safe haven asset

Buying the Nasdaq represents a risk-on move and I’d argue so does buying bitcoin, a currency that can see swings of over $100 in a few hours. A look at bitcoin’s trading pattern versus gold in the last year also gives a glimpse into how the cryptocurrency...