furniture industry

Discretionary spending has had a good run recently, and the purchases aren’t skewing practical. Furniture retailers, for example, had a lousy 2023 — splurgy shoppers were more focused on Swift tickets than sofas. And looking to 2024, consumers plan to steer clear of big-ticket items and instead buy affordable luxuries like cosmetics. In this episode: Americans are in their “joy spending” era. Plus, financial planners are wary of the new spot bitcoin exchange-traded funds and everything seems to always be on sale.

History would suggest that the crash of Yevgeny Prigozhin’s plane was an assassination. Our correspondent considers what the supposed death of the Wagner Group’s leader means for Ukraine—and what it says about Vladimir Putin’s Russia. Indonesia has fostered a more moderate version of Islam that it would now like to export (9:58). And meeting an indigenous pioneer of Peruvian pop (16:21).

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As diplomatic efforts played out in Saudi Arabia our correspondent recounts travels along the nearly unbroken front line of the war—finding frustrated but determined soldiers and exhausted, fearful civilians. We examine the row around Japan’s plan to release wastewater from the Fukushima disaster (09:21). And how rosé wine became summertime’s go-to tipple (15:39).

For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer

Hosted on Acast. See acast.com/privacy for more information.