Can This Buzzy Bistro Make the Upper East Side Cool?
Was that fair? No neighborhood is a monolith. But this one has long been equated with its most privileged residents — not the flaunt-it rich but the even richer, who have no need to. Like many affluent enclaves, it's not particularly hospitable to exciting restaurants. Much of the housing stock is too pricey, the clientele too assured of its own tastes (and perhaps reluctant to invite in the hordes).
Yet somehow Chez Fifi, a low-lit hideaway at the bottom of an Italianate rowhouse in the placid 70s, has managed to distract New Yorkers from downtown haunts and become one of the most lusted-after reservations. It's part of a new coterie of intimate, Parisian-styled bistros — like Le Chêne and Zimmi's in the West Village and Le Veau d'Or on the Upper East Side's southern edge — that seem to have bewitched the city.
Months after Chez Fifi opened last December, the calendar of availability was still grayed out, save for the stray 10:45 p.m. slot. When I finally secured a table at a less European hour, I was dubious. I do not like being a victim of mimetic desire, wanting what everyone wants.
Want all of The Times? Subscribe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
From Krispy Kreme to GoPro, has meme-stock trading frenzy returned?
Shares in struggling retailers and ageing consumer brands surged, as amateur traders cast aside Wall Street's skepticism and mobilized online. It's like 2021 all over again. But the latest meme-stock rally could be even bigger than its predecessor four years ago, when investors piled into recognizable but unloved stocks, such as the video games retailer GameStop and the movie theatre chain AMC, according to the founder of the Reddit forum that helped whip up the frenzy. Retailer Kohl's, camera firm GoPro, fast-food chain Wendy's and doughnut chain Krispy Kreme each staged rapid rallies this week, driven by abrupt surges in trading volume reminiscent of the the meme-stock craze of 2021, when social media memes boosted a collection of struggling stocks, triggering extraordinary and volatile leaps in value. Actress Sydney Sweeney helped bring clothing retailer American Eagle Outfitters into the mania after it was announced the Euphoria and White Lotus star would front the brand's latest marketing campaign. The company's shares surged about 10% in trading on Thursday. Meme stocks are 'about to leap-frog in size and scope and scale, so that retail traders are going to redefine what matters', according to Jaime Rogozinski, founder of the wallstreetbets Reddit forum behind many of the volatile rallies. 'The world of finance is clearly changing, with blockchain technologies encroaching, and AI agents that trade on their own,' he said. 'And the collective of retail traders is adapting along with it.' Rogozinski founded wallstreetbets in 2012, but said Reddit ousted him as a moderator in 2020. His bid to sue the social media company for trademark infringement was dismissed by the US court of appeals for the ninth circuit last month. The forum's users home in on stocks and share their own research. 'It's a decentralization of power of who can be financial analyst,' said Noor Al, a moderator on wallstreetbets. 'Great ideas can now come from anyone, anywhere. 'We're seeing the power of retail push stocks, sometimes to the tune of billions of dollars, through the power of ideas, the power of community and the power of the people,' he added. The meme-stock craze of 2021, which produced stars such as Roaring Kitty, was a product of the Covid era, when many amateur traders were stuck at home and flush with pandemic stimulus cash. Whether this latest frenzy produces similar winners is not yet clear. Kohl's finished the week up 32%, GoPro was up 66% and Krispy Kreme was up 41%. The rallies show some investors are willing to take on more risk, as stocks scale record highs and the market, dominated by big tech, becomes harder to beat. Often, meme-stock bets are unbound from economic fundamentals, as investors move to support a brand for romantic or ideological reasons. Donald Trump's Trump Media & Technology Group, home to Truth Social, is valued at more than $5bn on quarterly revenue of about $1m. The wallstreetbets ethos 'has always to some extent been about flaunting and exploiting the ironies, relevance or irrelevance' of the stock market, said Rogozinski, who pointed to Wendy's, the hamburger chain, as a good example. 'Wendy's has always been a meme that goes back a decade. It brings a smile to my face, because on Reddit there's always been this thing where they say: 'Sir, this is a Wendy's.' 'It's an inside joke, and I don't even get where it started. It's just a meme,' he added. The stock's fleeting rise – it rallied 10% in two days, but finished the week broadly flat – shows some retail investors do not necessarily care about the typical factors that drive the market, such as tariffs and war in the Middle East. 'It's this ability for us to almost make fun of the financial system.' Long-term institutional players will always get the last laugh, Rogozinski conceded, because prices will return to normal valuations. 'But in the short term there's lot of money to be had with this volatility, and the fact that stocks are able to move up and down with such ease is but a mere showcase for how the financial system needs a facelift in relevancy.' Related: Bed Bath & Beyond sees 'meme-stock' surge – but is it too little, too late? While current market conditions do not replicate the low interest rates and retail investor buoyancy of the Covid era, market records and a robust economy have made meme stocks attractive once again for some. 'You see all these indications where this is full-blown meme mania,' Brent Kochuba, founder of derivatives-data firm SpotGamma, told Bloomberg. 'The macro economic environment really favors the retail and speculative plays,' agreed Al. 'I think were only going to see more speculation and excitement. It's a good time to tune in, because retail players can react and provide insight faster.' Days traders are not necessarily bothered by a company's financial performance, said Rogozinski. 'You have this activist, elective investor who is saying, 'I don't care what the financial statements look like, I don't care what the discounted cashflow is, I like the food, I like the video-game store, I like the meme. So dude, you can go back to Excel spreadsheets if you want, but I really like the chicken tenders,'' he said. There is now a 'third component' to investment, beyond supply and demand, he claimed, 'which is, 'dude, I don't care if you think it's going to go up or not, or if they have assets or liabilities. I care about this company and I'm going to help it out. I'm going to go buy my jeans from American Eagle.'' Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Fox News
27 minutes ago
- Fox News
David Letterman slams CBS' decision to cancel 'The Late Show' as 'pure cowardice'
"The Late Show" creator David Letterman slammed CBS' decision to cancel the long-running late-night franchise in may 2026 as "pure cowardice" on Friday.
Fox News
an hour ago
- Fox News
'The Hand That Rocks the Cradle' star Rebecca De Mornay says she feels betrayed after being left out of reboot
Rebecca De Mornay is not holding back when it comes to the reboot of one of her most iconic films. The actress, 65, recently shared her reaction to the upcoming remake of the classic 1992 horror film, "The Hand That Rocks the Cradle," as she was excluded from the project. De Mornay claimed that nobody reached out to her about the reboot. "Nobody. I found out about it, and I kind of joked that I was quite perturbed," De Mornay told the New York Post. "It felt like a betrayal, like how dare you [have] somebody else be playing that part." De Mornay delivered a chilling performance as the vengeful nanny Peyton Flanders in the thriller, alongside Annabella Sciorra, Julianne Moore, Matt McCoy, Ernie Hudson and more. Despite her bold comment, the actress isn't ruling out watching the new version. "I'm actually kind of curious to see it, to see if they can live up to what we did," she added. Her comments come at a time when Hollywood continues to create remakes of fan favorites, instead of producing original stories. De Mornay continued to slam the Hollywood reboots, as she recently starred in the thriller "Saint Clare," opposite Bella Thorne and Ryan Phillippe. "New stories seem to be impossible for people to come up with. That's why I really like 'Saint Clare.' It's new. I haven't seen anything like it before," she explained. "There's a kind of laziness of falling [into] 'Oh, well, that works. So let's just do that one again,' rather than coming up with a new story. So that kind of bugs me a little," she admitted. A film remake that De Mornay did enjoy was "A Star is Born." The beloved musical drama has seen multiple versions on the big screen since its original debut in 1937. In 1951, the project was created for television with Kathleen Crowley and Conrad Nagel in the lead roles. Just a few years later, the story returned with Judy Garland and James Mason in the 1954 classic. Barbra Streisand and Kris Kristofferson offered their own spin in 1976, while Lady Gaga and Bradley Cooper drew in a new generation with their 2018 rendition. "We tend to think a movie is one cast. I guess it doesn't have to be, if it's a really good story, a good script," she said. "I guess, it doesn't have to, but I just wish that there was also more imagination with new scripts, because it feels like people are just falling back on what once were." Reps for De Mornay didn't immediately respond to Fox News Digital's request for comment.
