Luxury exec left Hermes for farm. It’s nearing  million business

Luxury exec left Hermes for farm. It’s nearing $50 million business

Richard Christiansen traded in a life of luxury (goods) for life on the farm, though it happened in an unexpected way. A vegetable farmer he was in touch with during Covid told him they were going to “lose the farm” as all the restaurants they sold to closed. “We said bring the vegetables over and…

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Mortgage rates drop to lowest level in nearly 3 years

Mortgage rates drop to lowest level in nearly 3 years

A ‘For Sale’ sign is posted beside property for sale in Alhambra, California. Frederic J. Brown | AFP | Getty Images Mortgage rates fell sharply on Friday, a day after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds….

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Why some billionaires are racing to leave California

Why some billionaires are racing to leave California

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email A measure to impose a one-time 5% tax on California billionaires could be on the ballot in November. Proponents say that the roughly $100 billion raised by the bill, which would tax about 200 people, would help offset federal cuts to health…

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Jobs report December 2025:

Jobs report December 2025:

The U.S. labor market ended 2025 on a soft note, with job creation in December less than expected, according to a report Friday from the Bureau of Labor Statistics. Nonfarm payrolls rose a seasonally adjusted 50,000 for the month, lower than the downwardly revised 56,000 in November and short of the Dow Jones estimate for…

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IMAX stock crushed the theater sector in 2025

IMAX stock crushed the theater sector in 2025

General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images The theatrical industry is in flux — and one stock is rising above the rest. IMAX saw its shares jump more than…

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Rupee’s spectacular fall: Why RBI isn’t targeting a price band, but inflation — the ‘Impossible Trilemma’ explained

Rupee’s spectacular fall: Why RBI isn’t targeting a price band, but inflation — the ‘Impossible Trilemma’ explained

In early December 2025, the Indian rupee reached a key milestone when it surpassed Rs 90 per dollar for the first time. The rupee had been falling steadily throughout the year, as foreign investors sold off Indian stocks and US tariffs made Indian exports less competitive.However, on December 5, 2025, Reserve Bank of India Governor…

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Union Budget 2025: Job schemes don’t look promising

Union Budget 2025: Job schemes don’t look promising

This piece analyses the Union Budget 2025-26 for its employment generating impact from both a macro-economic as well as a micro-economic perspective. It does it by examining two sets of proposals: the first is the flagship personal income tax (PIT) slabs revision; and second, the ‘schemes’ announced in the classic government way for translating budget…

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SEBI group to review non-agricultural derivatives

SEBI group to review non-agricultural derivatives

Tuhin Kanta Pandey Pandey said SEBI has already set up working groups to suggest measures to deepen the agriculture and commodity derivatives ecosystem. File | Photo Credit: Reuters Markets regulator SEBI is planning to constitute a working group to review the non-agricultural commodity derivatives segment, its chairman Tuhin Kanta Pandey said on Saturday (December 20,…

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India to continue to work with ISA, back solar adoption

India to continue to work with ISA, back solar adoption

India will continue to work with the International Solar Alliance (ISA) and support solar adoption and energy transition goals, government sources said on Thursday, even as the United States announced its withdrawal from the alliance. In an executive order signed on January 7, the U.S. sought to withdraw from 66 “wasteful, ineffective or harmful international…

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AI gobbling up memory chips essential to gadget makers

AI gobbling up memory chips essential to gadget makers

As devices from toys to cars get smarter at the Consumer Electronics Show, gadget makers are grappling with a shortage of memory and storage needed for them to work. Dwindling supplies and soaring costs of Dynamic Random Access Memory (DRAM) that provides space for computers, smartphones, and game consoles to run applications or multitask was…

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