Author: theparknews

Luxury products have a price issue. According to HSBC, product prices at major luxury brands were on average 54% higher than in 2019. And with luxury goods sales expected to fall 2% this year, a sharp drop from 11-13% growth in 2023 (according to consultancy Bain), many analysts, executives and customers believes that rising prices are the main reason for the industry’s downturn.As wage growth and inflation slow, the potential for customers to “grow” into higher prices in 2025 is limited. Rebalancing the luxury value equation through a combination of more affordable pricing and enhanced craftsmanship and creativity will be…

The 49ers have terminated the contract of linebacker Devondre Campbell.Yes, they suspended him for three games after he refused to play on Thursday night. But it’s an obvious (and not unreasonable) effort to save money and keep him from playing for other teams, and that might be what he wants. Either way, he won’t be coming back.According to Nick Wagoner of ESPN.com, the 49ers Empty Campbell’s locker and removed nameplate..No one on the team will complain. Tight end after Thursday night’s loss to the Rams george kittle and cornerback Charvarius Ward The sound disappeared. More players joined us today.Said defensive…

Welcome to the online edition of From the Politics Desk, our evening newsletter that brings you the latest reporting and analysis from the NBC News political team from the White House, Capitol Hill and the campaign trail.On today’s edition, Robert F. Kennedy begins talks with senators in Washington and Donald Trump holds his first post-election press conference. Plus, our senior political editor uncovers the key underlying factors that led to Kamala Harris’ defeat in November.Sign up here to receive this newsletter in your inbox every weekday.RFK Jr. begins meeting with senators to lead HHSWritten by Kate Santaris, Sahil Kapoor, Brennan…

A devastating 7.3 magnitude earthquake struck the island of Vanuatu, east of Australia, on Tuesday, causing widespread damage in the capital Port Vila.The U.S. Geological Survey said the earthquake occurred at 12:47 p.m. local time, about 30 kilometers off the coast of the main island of Efate, at a depth of 57 kilometers.Several videos showing the moment the earthquake occurred are going viral on social media platforms.One viral clip from X showed surveillance camera footage of a junkyard first shaking and then violently shaking.Amid the chaos, the dog was caught on camera running away, quickly followed by a man who…

A massive explosion shook the Syrian port city of Tartus overnight after an apparent Israeli airstrike, raising new scrutiny of Israel’s actions in Syria since the overthrow of Assad. Footage of the explosion was released as Israel announced plans to double the population of the occupied Golan Heights, citing threats from Syria. The move drew international condemnation and came after Syrian opposition leader Abu Mohammad al-Jolani said he had no interest in getting involved in a new conflict. The London-based war monitoring group Syrian Observatory for Human Rights said the images emerging from Tartus represented “the most violent Israeli attack…

December 16, 2024, 1:27 PM ETQuarterback Patrick Mahomes has suffered a high ankle sprain, but the Kansas City Chiefs “don’t think it’s bad,” a source told ESPN’s Adam Schefter on Monday.The diagnosis was made during tests conducted on Monday. The Chiefs will evaluate Mahomes throughout the week to determine if he has a chance to play Saturday against the Houston Texans.The Chiefs will then play the Pittsburgh Steelers on Christmas Day, completing three games in 11 days.Editor’s picks1 relatedMahomes was ejected midway through the fourth quarter of the Chiefs’ 21-7 win over the Cleveland Browns on Sunday after being hit…

A woman who stowed away on a Delta flight from New York to Paris last month has been captured again, this time trying to sneak into Canada, multiple law enforcement sources told CNN.A law enforcement official said Svetlana Dali’s ankle monitor was successfully removed on Sunday. She was then taken into custody Monday while boarding a Greyhound bus bound for Canada, officials said. It was not immediately clear how close she was to the border.Dali is currently in FBI custody and is scheduled to be turned over to U.S. marshals in Buffalo, New York, on Tuesday, one of the people…

national park united states of america And scenic global destinations top the list washington, December 17, 2024 /PRNewswire/ — U.S. News & World Report, publisher of Best Hotels, Best Cruise Lines and Best Travel Rewards Programs, today announced its annual ranking of Best Vacations. The 2025 rankings focus on 16 regional destination categories to help travelers find the perfect place for their vacation. For the first time, the Swiss Alps have taken the top spot as the world’s most visited places. From luxury ski resorts in the winter to flowery meadows and crystal clear lakes in the summer, the region…

The Bill Belichick era in Chapel Hill officially begins.Per On3, Belichick and North Carolina landed their first transfer portal coup on Monday after former Holy Cross offensive lineman Christo Kelly was traded to the Tar Heels. Kelly is the first player to commit to UNC since Belichick successfully stepped into the head coaching role last week. The former New England Patriots coach appeared on The Pat McAfee Show earlier Monday and hinted that transfer activity to North Carolina State is in the works. Hours later, those words proved true when Kelly joined the group.Kelly is a redshirt senior who has…

A version of this article first appeared in CNBC’s Inside Wealth newsletter by Robert Frank, a weekly guide for high-net-worth investors and consumers. Sign up to receive future editions directly to your inbox. Family offices that invest directly in private companies may be taking on more risk than they realize, according to a new study. According to the 2024 Wharton Family Office Survey, direct transactions, where a family office buys shares in a private company directly rather than through a private equity manager, are very popular among family offices and have a significant impact on the portfolio. The proportion of…