
Lamborghini Enters the Hybridization Era
Stephan Winkelmann, Lamborghini Chairman and CEO, says prices for Lamborghini's entire line of cars have increased due to higher tariffs and overall uncertainty has impacted demand. (Source: Bloomberg)
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Yahoo
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Germany says written EU-US trade deal requires lower car duties
(Reuters) -Germany said on Monday that the United States would have to follow through on agreed lower tariffs on Europe-made cars before a wider agreement on trade can be finalised in writing. "In particular, car tariffs must be reduced quickly as agreed. We are also aware of the considerable burden on the export-orientated economy. ... Our role here is to continue to fully support the European Commission in this process," a German government spokesman said in a press conference. The European Union and the United States struck a framework trade deal in late July with many key details yet to be clarified. Sign in to access your portfolio


CNN
a minute ago
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Pawn shops: The surprising back-to-school shopping destination
Americans are back-to-school shopping earlier than previous years due to fears of tariffs raising prices. Families with tighter budgets are finding deals in a less traditional place: pawn shops. Families plan to spend about 2% less this back-to-school season compared to last year, according to a survey from the National Retail Federation. Pawn shop owners told CNN they are seeing more Americans coming in for back-to-school essentials. 'With the way the economy is right now, people realize that they can go to a pawn shop anywhere in the United States, and they can save tremendous amounts of money,' said Les Gold, owner of the pawn shop American Jewelry and Loan in New York City. Pawn shops can be one-stop shops for many back-to-school items: Sneakers, laptops, musical instruments, and mini-refrigerators for college dorms. They're all sold in one place, and at a fraction of the cost of the major retailers. 'People are struggling more, and that's why more people are looking for better deals,' said Gold. 'They don't have the money, and they still want their children to have a laptop,' Tariffs have boosted the prices on some key back-to-school items. The US imports the majority of its clothes and shoes from China, Vietnam and Cambodia — all countries facing tariffs of upwards of 30%. The price of shoes jumped 1.4% in July from the month before, while apparel rose 0.1%, according to July's Consumer Price Index. But prices at pawn shops can be up to 50% less expensive compared to major retailers, according to EZPawn, a chain of 500 pawn shops nationwide. The company said merchandise sales increased by 4% last quarter, noting specific growth in back-to-school categories like shoes, boots, electronics and laptops. 'We're getting more customers coming because they know we have reasonable prices and because they don't really have to worry about the stress of paying retail when it's unaffordable to them,' said Renita Parker, a regional director in Houston who oversees 88 stores for EZPawn. Not to mention, 98% of the merchandise sold in pawn shops is pre-owned, according to USA Pawn. That means it's tariff-free. 'Tariffs are not a factor here at our company simply because our customers are the ones that supplies us with the merchandise,' said Parker. Americans aren't just shopping at pawn shops. They're pawning gold, and lots of it. 'We've seen a big jump probably in the last three weeks. I feel that they're selling their jewelry and gold to buy school supplies,' said Nick Fulton, managing partner at USA Pawn, which has six locations in central Mississippi. Families desperate for extra cash are bringing in broken gold jewelry or single gold hoop earrings to sell. 'It's just sitting in their drawer. They're just coming in and just capitalizing on the high gold prices,' said Fulton. Since President Donald Trump took office, the price of gold has shattered records as Americans looked for safe havens to invest amid the uncertainty of tariffs. Prices are up about 27% since January, trading at $3,400 an ounce. 'It's shocking when we tell people the price that we're offering, they don't realize how high the price of gold is,' said Fulton. Booming business at pawn shops could be an economic warning sign. Often, the busier they are, the worse things are for Americans. 'You can't imagine what's going on in the economy right now unless you live in the pawn shop. Pawn shops help these people survive by either loaning them money on their merchandise, or selling them merchandise less than if they went anywhere else,' Gold said. The average pawn shop customer doesn't have access to traditional lines of credit or loans, according to the National Pawnbrokers Association, and those who do, may be holding debt. Credit card debt for all American households held steady at $1.2 trillion in the second quarter of this year, similar to last year's figures, according to the New York Fed. 'In reality, the economy isn't as good for my clientele, they're struggling,' said Gold. 'We're not talking about the people that are getting a paycheck once a week and they're surviving. A lot of the people that we deal with don't get a paycheck every week. They're surviving day-to-day.'


Fast Company
a minute ago
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The secret to success in the AI Age: broadening yourself
We spend much of our professional lives narrowing our career identity: honing an elevator pitch, curating a LinkedIn profile, projecting a polished version of 'who we are' at work, and so on. On the one hand, this makes sense: after all, others (e.g., colleagues, bosses, recruiters, and hiring managers) are interested in understanding who we are, and providing them a simple, consistent, even archetypical snapshot of our professional self helps them believe that they know us, at least on a professional level, even when they actually don't (it takes much longer to know a person). On the other hand, this also encapsulates or traps our self within the unoriginal and predictable parameters of occupational stereotypes (the 'creative advertiser,' the 'progressive media person,' the 'power-hungry banker,' the 'geeky researcher,' etc.), washing away not just what's unique and interesting about us, but also eliminating the nuance and complexity underpinning the richness of our personality and personal history. Moreover, in light of AI 's impact on jobs and careers, which has completely disrupted how people add value and the skills they need to harness and display at work, even when they formally remain in the same role, there has never been a stronger case for expanding or broadening our work self, ensuring that our professional identity can evolve to future-proof our career. For example, a corporate lawyer who once spent most of their day drafting contracts may now rely on AI to produce first drafts instantly. Their value no longer lies in producing documents, but in interpreting nuance, anticipating risks, and guiding strategic decisions, essentially shifting from 'legal producer' to 'trusted advisor.' Or think of a marketing analyst who previously devoted hours to building performance dashboards. With AI handling data wrangling and visualization, their contribution becomes less about reporting and more about translating insights into bold, commercially savvy campaigns. Even a sales executive who used to focus on prospecting and pipeline updates can now use AI to identify leads and write outreach emails, freeing them to invest more in building deep, trust-based client relationships. The age of transilience One key psychological concept to broaden your self is the notion of transilience, the capacity to carry over skills and habits from one domain of life into another, transferring aptitudes and adaptations, as well as mindsets, across seemingly unrelated domains. Think of transilience as the flipside to skills adjacency, the process of broadening one's career prospects by picking jobs or roles that are a good fit for our current or past occupational skills (e.g., journalists becoming prompt engineers, chess players becoming strategy advisers, and lawyers becoming AI ethicists): instead of applying our current work skills to new career paths, we find new skills to bring to our current job. Take parenting. For many professionals, that part of their life is cordoned off from their 'leadership brand.' Yet what is parenting if not real-time problem solving, empathy under pressure, long-term coaching, and conflict resolution—all of which are vital leadership capabilities in a hybrid, high-uncertainty workplace? Or consider hobbies like writing fiction, hosting a podcast, coaching a sports team, or volunteering. These often develop storytelling, persuasion, patience, or emotional intelligence; the kind of traits that don't show up in a résumé, but make you more valuable at work, especially when AI takes over more predictable tasks. Importantly, transilience allows people to enrich their professional identity with underleveraged strengths. A people-manager who coaches their child's sports team might bring sharper motivational skills, patience, and an instinct for team cohesion into workplace leadership. A software engineer who runs a local community group could transfer skills in facilitation, conflict resolution, and cross-cultural communication into project work. Even hobbies like playing in a band or cooking for large gatherings can translate into improved collaboration, creativity under pressure, and the ability to improvise when plans go awry. These experiences often sit outside the 'official' résumé, but they are the very qualities that make professionals more adaptable, human, and valuable, especially when technology takes over the more predictable aspects of their roles. The point isn't to turn your life into a résumé. It's to mine your nonwork experiences for habits, strengths, and patterns of behavior that can expand your professional repertoire. Easier said than done Alas, most of us are not practiced at this. We have been taught to compartmentalize and specialize by role, in the name of work-life balance. One self for the office, another self for home, a third for everything else. It feels tidy and safe, yet it blocks cross-pollination. Psychologically, switching selves is normal. We deploy the traits that fit a given context, then swap them out for the next. That worked when lives were more linear. As roles multiplied, the model cracked. Dual-career households, caregiving, side hustles, and the discontinuities of parenthood, especially motherhood, turned the neat sequence into a mosaic. Over the past 60 years, more identities stacked up. Each one added another door to open and close, another set of resources to allocate. We learned to juggle like experts, and the juggling became the job. Technology finished off the old boundaries. Phones, chat, and collaboration tools keep the windows between compartments open. Context switches pile up. We handle personal matters during work hours and work after hours. The mental toll is real. The answer is not higher walls. It is smarter bridges. Use transilience to bring the relevant parts of your nonwork self into your work, on purpose. Treat your life like a portfolio of skills and habits, then deploy them where they matter. That is how you cut switching costs, widen your professional range, and get credit for strengths you already have. Not the same as 'bringing your whole self to work' Note that transilience should not be mistaken with the popular notion of 'bringing your whole self to work.' That phrase has often been taken to mean hauling every aspect of your personality (political opinions, personal grievances, private dramas, and quirky unfiltered impulses) into the workplace. In practice, this can be as counterproductive as it is distracting. Your colleagues did not sign up to be your roommates, therapists, or ideological sparring partners. Rather, the opportunity is to strategically and purposely transfer relevant aspects and skills from our nonprofessional self to our work persona. We all inhabit multiple selves; different identities that emerge in different contexts. You are not just 'you at work'; you are also you as a friend, you as a parent, you as a volunteer, you as a hobbyist, you as a citizen. Each of these selves has its own skills, habits, and strengths, many of which remain untapped in your professional life. In line, transilience helps us export unused adaptations from outside work into our work role, selectively bringing valuable aspects of your broader self into your career, but adapting them to the new context. It's the difference between showing up to a business meeting wearing the clothes you wore to your morning workout (literal 'whole self') versus showing up with the stamina and discipline that workout built (leveraged self-complexity). Think of it like cooking: you wouldn't dump every spice in your cupboard into a dish, but you would pick the ones that enhance the flavors you're trying to bring out. Or like packing for a trip: you don't bring your entire wardrobe, just the pieces that will work best in your destination's climate and culture. When done well, this is a form of professional adaptation. A parent might bring the listening skills and long-term patience developed with their children into team leadership. A musician might bring the ability to improvise and stay attuned to group dynamics into collaborative projects. A community volunteer might bring negotiation skills and empathy into client relations. These elements enrich your professional identity without burdening colleagues with irrelevant or overly personal content. When strategically executed, self-complexity also becomes a source of resilience and creativity. It allows you to expand the ways you add value in your role, something increasingly essential in the AI age, where machines may handle the routine, but humans still own the relational, the adaptive, and the deeply contextual. Science backs this up: being reminded of roles connected to meaningful values produces 'self-expansion,' enhancing performance and resilience. In other words, the more connected and coherent your different identities are, the more adaptable, ethical, and creative you become at work. In short, transilience is more than personal development; it's a survival skill in a world where AI automates the predictable. It lets you tap into the submerged part of your identity iceberg, enriching your professional repertoire with capabilities forged in personal, social, and volunteer roles. As AI reshapes what value looks like—even within the same job title—the edge will belong to those who can repurpose their whole self. Not just the sliver that fits in a job description. By practicing transilience, you make your professional identity a living, adaptive system.