Valentino gets 'pretty in pink' in bold Paris show
It was “la Vie en Rose” for Valentino who headlined Sunday’s segment of Paris Fashion Week with a daring co-ed pink collection — as VIP guests including Lewis Hamilton and Zendaya had to negotiate arrivals during a car-free day in the capital’s center.
Sparkle, dance and postal service infuse Paris Fashion Week
PARIS – From escapism at the disco, to resistance and aggression, even to pondering the importance of the postal service while working from home, designers in Paris have presented divergent creative responses to the global health crisis as spring-summer shows continued Friday. Like Milan before it, Paris is undertaking an unusual fashion season for spring-summer 2021 because of the coronavirus pandemic. PARIS FASHION MUSEUM REOPENSAfter delays because of the COVID-19 crisis, Paris fashion museum the Palais Galliera has finally reopened following about two years of construction and renovation work to coincide with Paris Fashion Week. The designer’s life came at a consequential moment in Europe, as war nearly shuttered her fashion house. Perfume and accessories were for a period the only surviving lines sold at 31 rue Cambon in Paris.
Stock market has the richest valuation in 18 years even as profit outlook worsens
Stocks, though, are rallying in the face of historically awful economic numbers, in a bet on higher profit margins and an aggressive recovery that seems increasingly risky. "In terms of the U.S. specifically, you're going to have the social distancing story remaining for months and months. The consumer anxiety is likely to remain with us for months and months. Profit margins are going to remain under pressure. First-quarter S&P 500 profit margins are about 9.5%, down from 11% a year ago but still fairly healthy.cnbc.com
Why the stock market is up even with historic job losses
A record number of Americans just lost their job, and yet stocks are moving higher. The April figures which saw a record 20.5 million Americans lose their job is from the height of the crisis. And with the government and federal reserve providing record stimulus measures, some argue that once businesses do get back up and running, the recovery will be swift. "The market knows that the job losses are self-inflicted due to the widespread shutdowns," Bleakley Advisory Group chief investment officer Peter Boockvar told CNBC. As part of its stimulus measures, the Federal Reserve in March slashed interest rates to near zero.cnbc.com