1. Tech group finds most Americans not receptive to industry regulations: Only 3% of surveyed Americans view tech regulation as a major concern for their households, according to the Consumer Technology Association’s recent poll of 1,009 U.S. adults. – Read More on S&P Global
2. Tech Rout May Take the Shine Off Cartier’s Owner: Costs of inputs like gold and diamonds are up and advertising budgets have increased, but the company isn’t raising prices as aggressively as some other luxury brands. – Read More on the WSJ
3. Luxury goods emerge as a safe-haven investment: The Dow Jones industrial index is now on its longest losing streak in 80 years, and the market appears to be pricing in a prolonged economic downturn, as few investors now believe that central banks will be able to keep a lid on inflation while avoiding measures that choke off economic growth. – Read More on Investor’s Chronicle
4. What retail inventory misses and markdowns signal about the market’s fight against inflation: The Walmart and Target results could reflect the changing financial realities for mid- to lower-income households in the face of still high inflation. – Read More on CNBC
5. Nordstrom Raises Forecast in Sign Luxury Shoppers Still Spending: Net sales increased almost 19% to $3.47 billion in the fiscal quarter ended April 30, the department-store operator said Tuesday in a statement. That’s above analysts’ average estimate of $3.27 billion. – Read More on Bloomberg