US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Yes, government influences wages – but not just in the way you might think 
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
Synlait Milk Denies Fonterra, a2 Milk Takeover Talks 
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
NAB Q3 Cash Earnings Rise 2% as Lower Credit Charges Boost Profit 
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right 
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential 
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that 
Add as a preferred source on Google
A parasol set to be sold in China by Gucci and Adidas for 11,100 yuan is causing an outcry for not keeping out the rain.
On the Chinese social media network Weibo, criticism of the item dubbed a "sun umbrella" has gone viral.
It is "not waterproof and is suitable for sun protection or decorative use," according to Gucci's website.
The parasol is part of a collaborative collection being pushed online ahead of its launch next month.
A Weibo hashtag that translates to "the collaborative umbrella being offered for 11,100 yuan is not waterproof" has received over 140 million views.
According to one user, the parasol is "a really large yet pointless fashion statement."
The parasol will be available on June 7th as part of a new collection by Gucci and athletic giant Adidas.
According to a Gucci spokeswoman, the product is "not recommended for use as an everyday umbrella".
It has "good collector's value and is suitable for use as a daily accessory," they say.
