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US and China Land on Agreement Over Transfer of TikTok’s Ownership

US and China Land on Agreement Over Transfer of TikTok’s Ownership

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryThe US and China have agreed to a deal to transfer TikTok's ownership to a US-based entityUS officials announced the agreement, confirming that commercial terms have been settledDetails are expected to be finalized during a meeting between Presidents T…

Foreign Policy & InternationalChinaTrade

Sep 16, 2025, 7:11 AM

U.S. Tariff Hike Could Push Rolex Prices Up Nearly 40%

U.S. Tariff Hike Could Push Rolex Prices Up Nearly 40%

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryEffective August 7, U.S. imposes 39% tariff on Swiss importsSwiss watchmakers could face significant price hikes or absorb costs, boosting pre-owned demandPart of Trump’s tiered overhaul: 10% baseline, 15% for pacts, Canada’s tariff now 35%The White Ho…

TradeEconomy & Finance

Aug 1, 2025, 7:33 AM

Hermès Keeps Flying Higher Reporting 9% Sales Jump

Hermès Keeps Flying Higher Reporting 9% Sales Jump

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryHermès saw a 9% sales increase in Q2, maintaining strong performance amidst the luxury slump by using price hikes to offset US tariff.Luxury fashion label Hermès has reported that its Q2 earnings showed a 9% year-over-year increase in sales, continuing…

Economy & FinanceTrade

Jul 30, 2025, 4:01 PM

Will the US-EU Tariff Worsen the Luxury Slowdown?

Will the US-EU Tariff Worsen the Luxury Slowdown?

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryA new US-EU trade deal imposes a 15% tariff on European goods, further straining the luxury fashion industry already facing a significant global slowdown and disappointing earnings reports from major groups like LVMH and Kering.Luxury brands, including…

TradeEconomy & FinancePolicy & Legislation

Jul 29, 2025, 7:07 PM

Amy Sherald Cancels Major Smithsonian Show Over Censorship Concerns

Amy Sherald Cancels Major Smithsonian Show Over Censorship Concerns

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryAcclaimed artist Amy Sherald withdraws her upcoming solo exhibition, American Sublime, from the Smithsonian's National Portrait Gallery after discussions surrounding her 2024 work of a transgender woman provoking President Trump.The artist cites the “c…

Social Issues & CultureLGBTQ+ RightsMedia & Communications

Jul 24, 2025, 9:36 PM

CBS Cancels 'The Late Show With Stephen Colbert,' Ending Its Run in Late-Night TV

CBS Cancels 'The Late Show With Stephen Colbert,' Ending Its Run in Late-Night TV

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryCBS has canceled The Late Show, marking the network’s full exit from late-night television after more than three decadesThe decision is officially attributed to financial challenges, despite the show’s strong ratings and cultural impactThe move comes a…

Media & Communications

Jul 18, 2025, 9:09 AM

Bad Bunny Unveils Music Video for “NUEVAYoL”

Bad Bunny Unveils Music Video for “NUEVAYoL”

info@hypebeast.com (Hypebeast), HYPEBEAST

Summary“NUEVAYoL” blends salsa and dembow, sampling “Un Verano en Nueva York” to honor Puerto Rican musical rootsThe video features moments of cultural pride, including a quinceañera and scenes of everyday Nuyorican lifeReleased on July 4, the visuals highlig…

Personal & FamilyRegional & StateMedia & CommunicationsSocial Issues & CultureHealth & Science

Jul 7, 2025, 7:24 AM

TikTok Reportedly Developing US Version Prior to Sale

TikTok Reportedly Developing US Version Prior to Sale

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryA U.S. version of TikTok is reportedly launching on September 5, 2025Users will need to download the new app, but the current one remains active until March 2026This follows President Trump's announcement of TikTok's planned saleA version of Bytedance'…

Technology RegulationEconomy & FinanceForeign Policy & InternationalGovernment & Administration

Jul 7, 2025, 3:38 AM

Trump Claims Buyers Found for TikTok, Awaits China's Approval

Trump Claims Buyers Found for TikTok, Awaits China's Approval

info@hypebeast.com (Hypebeast), HYPEBEAST

SummaryPresident Donald Trump has claimed that a "very wealthy group of people" has agreed to buy TikTok's U.S. operations, with their identities to be revealed in approximately two weeksThis announcement comes amid ongoing deadlines for ByteDance to divestDe…

Government & AdministrationPolicy & LegislationEconomy & FinanceForeign Policy & InternationalTechnology Regulation

Jun 29, 2025, 10:19 PM

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