logo
Jeff Bezos and Lauren Sanchez to spotlight Venice's artisanal heritage during upcoming nuptials

Jeff Bezos and Lauren Sanchez to spotlight Venice's artisanal heritage during upcoming nuptials

Yahoo14 hours ago

VENICE, Italy (AP) — Jeff Bezos and Lauren Sanchez have invited celebrity friends like fellow space traveler Katy Perry, Oprah Winfrey, Mick Jagger and Ivanka Trump for their Venice nuptials later this month, but the couple hopes to put a spotlight on Venice's traditions during the celebrations.
They are sourcing some 80% of their wedding provisions from Venetian vendors, according to people close to the couple, as a way to share their appreciation for the romantic lagoon city. The wedding will take place over three days in late June, with events kept private.
Two historic Venetian companies will add artisanal touches to the celebration: Rosa Salva, the city's oldest pastry maker that has been crafting donut-shaped fishermen's biscuits since 1876, and Laguna B, a design studio known for its distinctive handblown Murano glass prized by fashion and design clients.
Treats good for fishermen and VIPs alike
Antonio Rosa Salva, the 6th generation in his family to run the business, said the wedding order of a selection of surprises for goody bags was important recognition of his family's long tradition of baking Venetian specialties dating back 150 years.
They include the bussola buttery biscuit that was long a fisherman's staple, and small zaletti cookies, made from the Veneto region's corn meal, flavored with raisins and lemon zest.
'We try to maintain the old recipes,'' said Rosa Salva, whose family business includes a catering service and four locations in Venice's historic center and one on the mainland. 'We do everything with love. It's a pleasure and a privilege.''
Rosa Salva, whose business regularly caters large events for 1,000 or more people in Venice, is perplexed by posters that have gone up around the historic center protesting the use of the city as a venue for the Bezos-Sanchez wedding.
'Events like this bring quality tourism to Venice,'' he said. 'I don't see how an event with 200 people can create disruptions. It's responsible tourism. It's prestigious that a couple like this, who can go anywhere in the world, are getting married in the city.'
Collectible glass wear with social responsibility
Laguna B was founded by Marie Brandolini, who became known as the glass countess, in 1994, and the company is now being guided by her son, Marcantonio, from the family's palazzo overlooking the Grand Canal.
The younger Brandolini said his vision is to restore the Venetian tradition of running creative enterprises out of Venice's grand palazzi, which historically dedicated the ground floor to work spaces for the merchant nobility. His is a good example. The company employs 14 people under 30 out of offices in the back garden and a boutique in an adjacent alleyway, in a sector, he underlines, 'not related to tourism.''
His upstairs neighbors are Diane von Furstenberg and Barry Diller – close friends of Bezos and Sanchez, but he doesn't think that is why the wedding planner singled out his company, which is well known among a small network of collectors.
Laguna B won't disclose what his master glassblowers on Murano have created for the wedding, but the company is known for distinctive glassware that at times feature an undulating lip – no two alike.
'I hope they like what we did for them,'' Brandolini said. 'For us, it's a great opportunity, it gives extra support for our growth.''
While the business thrives on such important orders, Brandolini said he is equally gratified by young, discerning customers who seek out the shop because they admire the company's commitment to community building, reviving Venice's artisanal heritage and projects to help protect the fragile lagoon. They might buy just a single drinking glass.
His is a message of inclusivity, which he also applies to the Bezos-Sanchez choice of wedding venue. 'The world is for everybody. Whoever wants to do something, should be able to do it, following the law.'
Venice protests
Unsurprisingly in a city whose future is fiercely debated at every turn, the wedding has attracted the attention of protesters, who on Thursday hung a banner on St. Mark's bell tower with Bezos crossed out. They cite the risk of disruptions in a city so overrun with mass tourism that officials are for a second year requiring day-trippers to pay a tax to enter on key summer days.
City officials have pledged that services will function normally during the wedding, and issued a denial in late March to reports that the wedding organizers had booked half the city's water taxis and blocked out rooms at luxury hotels.
'We are very proud,'' Mayor Luigi Brugnaro told The Associated Press this week in St. Mark's Square, saying he hoped he would get the chance to meet Bezos. 'I don't know if I will have time, or if he will, to meet and shake hands, but it's an honor that they chose Venice. Venice once again reveals itself to be a global stage.''

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Peter Schiff predicts more gains for gold. Are you prepped for more shocks ahead?
Peter Schiff predicts more gains for gold. Are you prepped for more shocks ahead?

Yahoo

time44 minutes ago

  • Yahoo

Peter Schiff predicts more gains for gold. Are you prepped for more shocks ahead?

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Investors may be feeling uneasy as stocks struggle amid ongoing trade tensions and tariffs. But according to economist Peter Schiff, one asset is standing out amid the uncertainty: gold. 'Today marks a monumental moment in gold history as the spot price closes above $3,000 an ounce. Despite the media's silence, this development is significant,' Schiff wrote on Instagram on March 17. Despite gold's 40% surge over the past year, Schiff believes the rally is just getting started. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) 'While central banks stockpile gold, retail investors have a unique opportunity to capitalize. With gold expected to rise to $4,000 and beyond, now is the perfect time to invest,' he wrote. In 2024, central banks added 1,045 tonnes to global reserves, marking the third consecutive year of net purchases exceeding 1,000 tonnes, according to the World Gold Council. For Schiff, central bank buying isn't just about portfolio diversification — it's a warning sign. Many investors turn to gold as a hedge against inflation, since — unlike fiat currencies — it can't be printed at will by central banks. Schiff argues that central banks' growing appetite for gold signals something deeper. 'Investors haven't even woken up to what central banks are doing, but the central bankers are the insiders of the fiat monetary system,' he said. 'The insiders in the fiat monetary system have been dumping their dollars to buy gold. They obviously know something, and the public hasn't caught on yet.' So, what do they know that retail investors don't? Schiff believes it's simple: inflation isn't going away. 'Investors haven't woken up to the reality of high inflation, as far as the eye can see, they still believe that the Fed is going to be able to bring inflation back down to 2% — there's no chance that's going to happen,' he stated. 'Inflation isn't going anywhere near that. In fact, it's already bottomed out and is headed much higher — none of that has really been priced into gold yet.' So, just how high can gold prices go? 'If gold can go from $20 an ounce to $2,600 an ounce, it can go from $2,600 to $26,000, or even to $100,000. There's no limit because, again, gold isn't changing — it's the value of the dollar that's decreasing,' he said in October 2024. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties. To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases. Read more: Rich, young Americans are ditching the stormy stock market — Gold has long been a go-to hedge against inflation. But it's not the only option. Real estate has also served as a reliable store of value, with the added benefit of generating income. When inflation rises, property values often increase in tandem, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to climb, providing landlords with a revenue stream that adjusts for inflation. Over the past decade, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has climbed by 94%. These days, you don't need to purchase a property outright to invest in real estate. First National Realty Partners (FNRP), for instance, allows accredited investors to diversify their portfolio through grocery-anchored commercial properties, without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions – including how much you would like to invest – to start browsing their full list of available properties. New investing platforms are also making it easier than ever to tap into the residential real estate market. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. If you're not an accredited investor, crowdfunding platforms like Arrived allow you to enter the real estate market for as little as $100. Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential. Backed by world-class investors like Jeff Bezos, Arrived makes it easy to fit these properties into your investment portfolio regardless of your income level. Their flexible investment amounts and simplified process allows accredited and non-accredited investors to take advantage of this inflation-hedging asset class without any extra work on your part. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

UniCredit Owns 1.9% of Mediobanca Ahead of Bank Investor Meeting
UniCredit Owns 1.9% of Mediobanca Ahead of Bank Investor Meeting

Bloomberg

time4 hours ago

  • Bloomberg

UniCredit Owns 1.9% of Mediobanca Ahead of Bank Investor Meeting

UniCredit SpA holds a 1.9% equity stake in Mediobanca SpA, allowing it to participate in a key vote by the investment bank's shareholders to endorse its plan to take over Banca Generali SpA. The Italian bank accumulated the holding in the last six months as residual client trading positions to cover certificates activity of its clients, people with knowledge of the matter said. UniCredit has registered the stake at Mediobanca's shareholder meeting called for Monday to approve the takeover plan, the people said asking to not be named discussing private matter.

18% of Las Vegas home deals fell through in April — but is it a sign the market is turning in buyers' favor?
18% of Las Vegas home deals fell through in April — but is it a sign the market is turning in buyers' favor?

Yahoo

time7 hours ago

  • Yahoo

18% of Las Vegas home deals fell through in April — but is it a sign the market is turning in buyers' favor?

Home buyers in Las Vegas are walking away from contracts in increasing numbers. High interest rates, financial anxiety and an oversupplied market are pushing many to rethink their purchases before closing. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) A recent Redfin report found 14.3% of U.S. homes under contract in April were canceled, marking the second-highest April cancellation rate on record, behind only the pandemic-era spike in April 2020. In Las Vegas, the rate was even higher: 18.6% of purchase agreements fell through, placing the city eighth among major U.S. metros for canceled deals. Here are two of the main reasons for the growing trend. Higher mortgage rates and skyrocketing home prices are driving many to the brink. The average 30-year fixed mortgage rate hit 6.85% in June, more than double what it was during pandemic lows. That kind of increase can add hundreds — even thousands — to monthly payments when taxes and insurance are included. 'Groceries have been high, gas has been high, utilities have been high,' said Jillian Batchelor, a Southern Nevada realtor, in an interview with 8 News Now. 'So buyers are more payment-conscious or payment-savvy than they really ever have been.' And with inflation still weighing on American households, some prospective buyers are having trouble securing final approval. Others are rethinking whether they can afford the total cost once they see the final numbers — including homeowners association (HOA) fees and insurance premiums. Redfin agents nationwide are also seeing buyers hesitate due to broader economic and political instability — including layoffs, tariffs and federal policy uncertainty. Another recent Redfin survey found that nearly 1 in 4 Americans scrapped plans for a major purchase this year due to tariffs. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it The housing market in Las Vegas is also experiencing a surge in listings. '[A] buyer goes under contract,' Batchelor told 8 News Now. 'And all of a sudden a week later they see, 'oh there's five more homes available in that neighborhood, this one might be nicer, this one might have more upgrades.'' With inventory now at a five-year high nationally, according to Redfin, this scenario is becoming increasingly common — especially in states like Nevada, Texas and Florida, where new home construction has surged. Buyers feel less pressure to settle, knowing there may be better deals just around the corner. That confidence is reshaping buyer behavior. According to Redfin's report, five of the 10 metros with the highest cancellation rates are in Florida — which is a sign that growing supply can tip the scales in favor of consumers. While Las Vegas may be an extreme case, the underlying issues — affordability and market saturation — are national in scope. From Riverside, California to Atlanta, Georgia (which led the country with a 20% contract cancellation rate), buyers are hitting the brakes. This shift may suggest that while the housing market may be cooling, affordability is still out of reach for many Americans. Still, Redfin economists predict some relief later in 2025, with home prices expected to drop modestly as demand softens. In the meantime, buyers are urged to do their research, stay flexible and be ready to walk if the numbers don't add up. As Batchelor put it, 'All of this is just an adjustment to probably (…) equalize the playing field — maybe a little bit more.' Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store