model

Breakingviews – Italian Insta-star IPO to test influencer model

The 76th Venice Film Festival – Screening of the documentary “Chiara Ferragni – Unposted” – Red Carpet Arrivals – Venice, Italy, September 4, 2019 – Chiara Ferragni poses.

MILAN (Reuters Breakingviews) – At the beginning of the 2019 documentary “Chiara Ferragni: Unposted”, the Italian Instagram star enters a tattoo parlour to get her nipple pierced. The camera lingers on her picture-perfect yet grimacing face while the job gets done. Sharing such personal life details, usually mixing elegance and fun, has won the fashion influencer 21 million followers and collaborations with Dior, Lancôme and others.

Now Ferragni, 33, is considering a stock market debut to monetise the clothing-to-lifestyle persona she has built over a decade, according to a September interview with an Italian newspaper. An initial public offering in Milan, where she resides, would be a publicity coup for Borsa Italiana’s boss Raffaele Jerusalmi. But it would also test the staying

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gift

Breakingviews – Samsung enjoys Washington gift that keeps giving

Reuters
Reuters

HONG KONG(Reuters Breakingviews) – Samsung Electronics can have Huawei’s cake and eat it too. The South Korean conglomerate expects to deliver a robust third-quarter performance, as U.S. sanctions forced its Chinese customer to stockpile chips. Taking some of its telecommunications equipment and smartphone business will be the real prize.

Operating profit in the three months to September will reach $10.6 billion, a two-year high, according to preliminary earnings guidance Samsung delivered on Thursday. Rebounding handset sales probably helped, but the company’s cash-cow semiconductor division probably got a big boost from Huawei. It had quickly been buying components ahead of restrictions recently imposed by Washington that bar the Shenzhen-based company from buying semiconductors made with American technology without a license.

   

That means the windfall is likely to be a one-off. The next step will be taking a slice of Huawei’s market share. It dominates in telecom

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gift

Breakingviews – Debate chaos is a gift for a conflicted Biden

U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in their first 2020 presidential campaign debate held on the campus of the Cleveland Clinic at Case Western Reserve University in Cleveland, Ohio, U.S., September 29, 2020. REUTERS/Brian Snyder

NEW YORK (Reuters Breakingviews) – Donald Trump just gave Joe Biden a gift. The first televised debate of the 2020 election could have forced the Democratic presidential nominee to explain how he can appease both economic moderates and progressives. The anarchic behavior of the sitting president rendered that unnecessary.

Tuesday’s debate was a train wreck from the get-go. The moderator, Fox News Sunday’s anchor Chris Wallace, quickly lost control as the president refused to stop interrupting. The debate included questions on topics ranging from the Supreme Court to the integrity of the elections, but the 90 minutes included little substantive discussion, and the near-constant heckling of Biden by Trump.

The

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style

Breakingviews – Supreme Court could use a Fed-style makeover

Justice Ruth Bader Ginsburg lies in repose under the Portico at the top of the steps of the U.S. Supreme Court building in Washington, U.S. September 23, 2020. REUTERS/Erin Scott

NEW YORK (Reuters Breakingviews) – The Supreme Court is showing its age. The battle to replace Justice Ruth Bader Ginsburg, who died earlier this month, shows that an institution created in the 18th century is creaking under the weight of an entrenched two-party system. But those who dream of reforming America’s top court could take tips from a much newer body: the Federal Reserve.

While one guards the U.S. Constitution and the other sets interest rates, the two organs have much in common. Both have unelected appointees who supposedly operate free of political pressure. The Fed has its independence, and the president can’t fire a justice if he dislikes a decision. They also both wield tremendous power. The nine justices

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