MILAN — Fears of a growing European debt crisis spread to Italy and luxury stocks in dramatic fashion Monday, dragging the Milan Bourse down 4 percent even as officials stepped in to curtail short selling.
Until recently it was Greece — which has agreed to cut back on spending to secure a bailout from its neighbors — that was drawing most of the attention as Europe’s financial troubles mounted. On Monday, that anxiety spread to Italy, where Consob, the Italian market watchdog, intervened to rein in short selling, a trading strategy that allows investors to benefit when stock prices fall.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)