Wall Street rose to a new all-time high today after the Federal Reserve surprised investors and said it would not cut its bond-buying program, which helps support the economic recovery with lower interest rates.
The Fed, led by chairman Ben S. Bernanke, was widely expected to pull back on its $85 billion a month program to buy mortgage-backed securities and Treasury debt. The pause is good news for investors, who love low interest rates, but also a sign that the economy is not as strong as recently hoped.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)