Post COVID-19, the luxury industry has taken hits after hits from multiple angles and aspects. The novelty is wearing off for entry-level consumers which discourages mass purchases,  and the purchase power weakening amongst a massive revenue source - Chinese customers - waning economic prospects.

Southwest Airlines shares jumped 4.7% last week, after board member Rakesh Gangwal made over $100 million in investments in the company between Sept 30th and Oct 1st. This is a rare occasion where Southwest has seen such positive news since the pandemic in 2020.

As part of an initiative to enhance its economic prowess, China is strategizing its auto-exports to grow its global consumer market share and increase the country’s diplomatic influence.

For the past few months, the US economy has been poised in a precarious position: core inflation stubbornly persistent at a smidge above 3% YoY (above the Fed’s target of 2%), job market showing signs of weakness, and unemployment jumping to 4.3% in July (a three-year high).

On Sept. 12, North Korea revealed a glimpse into their uranium enrichment facilities, boasting to the world the speed of their nuclear technology advancement despite the sanctions placed on them by the international community. 

On Tuesday, Sept. 24, Chinese government officials and the People’s Bank of China (PBC) announced a new fiscal stimulus package aimed at uplifting the decelerating Chinese economy and restoring faith in the nation’s domestic stock markets.