This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. The best luxury brands rarely go on sale. Not so their share prices. Photographer: Akio Kon/Bloomberg Valuations across the sector have tumbled on a deteriorating Chinese economy and sluggish US demand. But investors with a long-term view may be able to salvage something from the bursting of the bling bubble. The hoped-for rebound in top-end goods this year has yet to materialize. The next few months, and into 2025, look tricky. The main culprit is China, whose shoppers accounted for 23% of the global personal luxury-goods market last year, according to Bain & Co., and where appetite for Louis Vuitton handbags and Burberry scarves has stalled. Indeed, concerns are rising that the market has declined further amid a prolonged economic downturn and housing slump. Weak Swiss watch exports to China and Hong Kong, LVMH Moet Hennessy Louis Vuitton SE's Sephora laying off 10% of its 4,000-strong workforce in China, and sluggish tourism to Europe are all adding to the sense of gloom.
Read the whole thing. How Sonos Botched an App and Infuriated Its Customers — Dave Lee Good Luck to Qualcomm in Getting Intel Inside — Chris Hughes The Game Isn't Over for China But It Is 'Garbage Time' — Minxin Pei Your Olive Oil Might Be Unfit for Human Consumption — Lara Williams Berlin's Famous Club Scene Faces the End of the Party — Chris Bryant Brian Kemp Has Failed Georgia Voters — Mary Ellen Klas Nike Fell for a Plug-and-Play CEO. He Flopped. — Beth Kowitt Microsoft's Three Mile Island Deal Is Great News — Bloomberg's editorial board Trump's Promise to 'Protect' Women Is an Appeal to Fragile Men — Nia-Malika Henderson Here's what we've been listening to and watching this week. - Kamala Harris is struggling to win over a key demographic that Donald Trump is centering his campaign around: younger working-class men. Timothy L. O'Brien joined Nia-Malika Henderson and Francis Wilkinson to discuss how "masculinity" is playing into this presidential election.
- There was something particularly insidious about the pagers and walkie-talkies that exploded in Lebanon last week. Andreas Kluth says future historians will look back on these attacks as our entry into the age of "intimate warfare."
- Remember when OpenAI promised to build AI for the "benefit of humanity"? Parmy Olson explains why those promises are being broken.
- Elon Musk's free-speech absolutism may be more flawed than he thinks, says Adrian Wooldridge.
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