America’s bling budget is shrinking - and LVMH knows it

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on [Bloomberg]( 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. New subscribers can [sign up here](. [The Luxury Party in the US Is Over](— Andrea Felsted On Monday, Sidney Toledano, who runs LVMH Moet Hennessy Louis Vuitton SE’s portfolio of smaller fashion brands, told the Financial Times Business of Luxury Summit that when it came to top-end goods, the world didn’t revolve only around the US and China. The slump in share prices on Tuesday of luxury groups including LVMH, Hermes International and Cie Financiere Richemont SA shows that investors don’t share this view: Read [the whole thing](. [Providing F-16 Fighters to Ukraine Is Worth the Risk]( — James Stavridis [Orcas Are Trying to Tell Us Something. Can We Hear It?]( — Howard Chua-Eoan [The Kremlin Offers a Trump-Putin Ticket for 2024]( — Andreas Kluth [Harry and Meghan’s Paparazzi Chase Exposes a Fading Business]( — Allison Schrager [Bakhmut Falls But Is It Really a Russian Victory?]( — Leonid Bershidsky [Flight of Affluent Taxpayers Catches Up With New York]( — Justin Fox [Republicans Have Given Up on Cities]( — Jonathan Bernstein [Bye-Bye, New York. Hello, Fayetteville.]( — Conor Sen [Air Conditioning Can't Stop Climate Migration]( — Lara Williams More From Bloomberg Opinion Here’s what we’ve been listening to this week. - [Sandy Hook and a Reckoning for Gunmakers]( with Timothy L. O’Brien (listen on [Apple]( or [Spotify]() - [What Did We Learn About Twitter (and Musk) From the DeSantis Debacle?](  with Bobby Ghosh and Dave Lee - [Bloomberg Opinion: GOP Urban Deserts and Ghost Kitchens]( with Jonathan Bernstein, Lisa Jarvis, Lara Williams and Leticia Miranda Follow Us You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](