Billionaire Benetton Family Forms Private-Market Investment Firm

Published on December 1, 2025

The Benetton family’s holding company Edizione is setting up an alternative investment firm with about €3 billion ($3.5 billion) in assets under management as it seeks to grow its private markets.

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ISM Manufacturing PMI: Faster Contraction in November

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The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 48.2 in November, indicating contraction in U.S. manufacturing for a ninth straight month.

Technological Revolutions and Stock Returns

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This article argues the AI revolution may have begun near the expected 50-year mark of the Information Age. Perez's model outlines four phases—irruption, frenzy (ending in a market crash), synergy, and maturity—which govern these shifts.