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Richemont raked it in | The UK fared decently | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 15th in 3:06 minutes. 🏘 Tap into the rewarding world of real estate without the old-school tactics. Join Kuflink's Narinder Khattoare for [Alternative Ways To Invest In Real Estate]( on Thursday, and find out why alternative property investing is bringing down the house. [Get your free ticket]( Today's big stories - Cartier’s owner Richemont raked it in, with a little help from China’s rebound - Here are ChatGPT’s biggest stock winners and losers, according to researchers – [Read Now]( - The British economy managed to eke out a little growth last quarter Time To Shine [Time To Shine] What’s going on here? Cartier’s owner Richemont [clocked up]( some bumper results last quarter, reporting record-breaking figures on Friday. What does this mean? The luxury sector has been on a roll lately, with LVMH and Hermès each strutting their stuff – and now Richemont, owner of ultra-luxe brands like Cartier and Vacheron Constantin, has gone and joined the party too. The firm thinks China's economic rebound has been one key factor in that success: as restrictions relaxed in the world's second-biggest economy, Richemont's Asian jewelry and watch sales soared, offsetting a slight US slowdown last quarter. The result: a year of record-shattering revenue and profit that trounced expectations. As a cherry on top, the company announced a special dividend and a share buyback program too – sending shares up 6%, to a new all-time high. Why should I care? Zooming in: China’s chic customers. Luxury companies might keep on reaping the rewards of China's reopening. See, while Chinese tourism is slowly picking up, big groups haven't returned in full force – partly due to pricey flights to Europe. And that matters: after all, China’s clothes horses can often [bag]( better deals on their finery in Europe than at home, so Chinese tourism’s a major driver of global luxury sales. And with analysts expecting the country’s tourists to start returning en masse from the second half of this year, luxury might soon be blessed with yet another boost. The bigger picture: Rich-mont’s richer suitors. The luxury boom has left firms flush with cash, sparking whispers of potential dealmaking in the space. Richemont's brands have long been seen as takeover targets – with recent rumors hinting at renewed interest from titan LVMH – but the company’s insisting it's not for sale. One thing is certain, though: after a performance like this, any suitors will need some seriously deep pockets to impress Richemont. You might also like: [Why wearing your investments may be a timely idea.]( Copy to share story: [/time-shine]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Time To Shine&utm_campaign=daily-global-15-05-2023&utm_source=email) Analyst Take The Stocks Set To Benefit Most (And Least) From AI, Ranked [The Stocks Set To Benefit Most (And Least) From AI, Ranked]( [Photo of Reda Farran] Reda Farran, Analyst Sometimes [the future]( seems to almost rush at you. Recent advances in generative AI – those [machine learning models like OpenAI’s ChatGPT]( – have certainly felt like that. And you can be sure that these major breakthroughs will have big implications for corporate profitability and, in turn, [stock prices](. Researchers from the National Bureau of Economic Research recently conducted a key study to quantify [the impact of AI on firms’ market values](. And the best part of their novel work is this: they’ve identified the companies set to benefit the most and least from ChatGPT, offering savvy investors a good starting point to create long-short portfolios to [capitalize on the AI trend](. So that’s today’s Insight: [the likely stock market winners and losers from ChatGPT, and how you might take advantage.]( [Read or listen to the Insight here]( SPONSORED BY CME Your toolbox looks tired If you’re an active trader, you might feel like you’ve exhausted [sources, tools, and opportunities](. So even though there’s an endless stream of new ideas out there, sometimes it just feels like too much rigmarole to find them. So again and again, you bring out the old bag of tricks. If that sounds like you, [CME’s Active Trader page]( might be worth a gander: brimming with the guidance you need to figure out [futures trading](, it could help you add new tools to your kit. You can use [CME’s economic events calendar]( and [FedWatch tool]( to navigate the most important market events so you’re never caught off guard, and use its [watchlist to get the lay of the land](. And if you want to give it a spin without risking anything, you can try out your existing or newly freshened-up strategies with [CME’s Trading Simulator](. [Take your first steps]( and focus on the methods and risks of futures trading, with [CME’s free downloadable trade plan](. Disclaimer The data and output from these tools do not constitute investment advice and are not a personal recommendation from CME Group. Nothing contained herein constitutes the solicitation of the purchase or sale of any futures or options. Any investment activities undertaken using these tools will be at the sole risk of the relevant investor. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Crowning Touch [Crowning Touch] What’s going on here? Data out on Friday [showed]( that the British economy grew last quarter, despite March being a royal pain. What does this mean? March turned out to be a tricky month for the British economy. Strikes across education, transport, and health sectors put a damper on output, and even the generally dependable appeal of shiny new number plates failed to rev up car sales. Still, it wasn’t all bad news: industrial production picked up some of the slack, partly offsetting a slump in the service sector – and January and February were far sunnier, with services, manufacturing, and construction all in the green. That meant the UK managed to scrape by with growth of 0.1% for the quarter as a whole, despite an unexpected 0.3% dropoff from February to March. That’s not quite a home run, but hey: it beats shrinking. Why should I care? Zooming in: Close call. That quarterly performance outstripped the Bank of England’s predictions – a nice little surprise, especially after the authority recently scrapped its recession forecast for the year. See, the central bank’s now betting on modest growth of 0.25% for 2023, a much happier outlook than the shrinkage of 0.5% it previously expected. But remember, the quarter ended with a weak March – so despite improvements to supply chains, consumer confidence, and energy prices, the country’s still on shaky ground. The bigger picture: Good omen. The UK is lagging behind its pals, with its economy (0.5% smaller than in pre-pandemic days) sitting right at the bottom of the Group of Seven nations ever since Covid hit. And while almost no growth isn’t really much to celebrate, the nation’s recent performance could be a good sign for other countries: after all, if the truly hard-hit UK manages to sidestep a recession, then there’s probably hope for its less-troubled peers too. You might also like: [Keep an eye on these three big real-world recession indicators.]( Copy to share story: [/crowning-touch]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Crowning Touch&utm_campaign=daily-global-15-05-2023&utm_source=email) 💬 Quote of the day "I go to the gym religiously. About twice a year around the holidays." – Demetri Martin (an American comedian) [Tweet this]( SPONSORED BY THE TRADING PIT Your free, fully comprehensive guide to prop trading [Prop trading]( – short for “proprietary trading” – is when a financial firm [buys and sells assets]( to try and make a profit, taking the risk on itself rather than trading on clients’ behalf for a commission. 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All events in UK time. ⚡️ [The Great Energy Transition](: 5pm, May 16th 🏡 [Is It A Good Time To Invest In Real Estate?]( 5pm, May 17th 🏠[Alternative Ways To Invest In Real Estate](: 1pm, May 18th 👀 And After That... ✅ [Three Industries That Thrive In A Downturn](: 5pm, May 23rd 🚀 [A Beginner's Guide To Prop Trading](: 5pm, May 25th 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th 🎯 On Our Radar 1. Tartan’s in the limelight. Here’s how the Scottish export [took over the world](. 2. The other “Black Diamond”. Harvard undergrads run “[the world’s most exclusive hedge fund](”. 3. Not quite child’s play. This eight-year-old Norwegian girl found a [Neolithic dagger]( at school. 4. Chicken, not stirred. Add some gin to your dinner with “[dirty martini fried chicken](”. 5. AI drive-through. Wendy’s is working on a chatbot that can [take customers’ orders](. ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. 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