GOOD DAY FOR: Oil barons, as luxury auto sales, dropping elsewhere, are holding strong in Saudi Arabia. Even with oil’s drop from recent record highs, sellers at a luxury car exhibition in Jeddah are bullish about the coming year. BMW and Mercedes are the top-selling luxury brands, but Rolls-Royce, Lexus, Porsche, and even Harley Davidson are gaining favor with younger Saudis. (Reuters)
BAD DAY FOR: Movie moguls, as Hollywood, once touted as “recession proof,” looks to get hurt in the current downturn. According to a Forrester Research survey, adults age 25 to 34 said that, if they had to cut expenses, they’d first cut a night at the cinema or premium cable. At the bottom of the list? Fast Internet, which is also partly behind the willingness to cut movies and cable. (Los Angeles Times)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Gandhi arrests: Narendra Modi's 'vendetta' against India's oppositionThe Explainer Another episode threatens to spark uproar in the Indian PM's long-running battle against the country's first family
-
How the woke right gained power in the USUnder the radar The term has grown in prominence since Donald Trump returned to the White House
-
Codeword: April 24, 2025The Week's daily codeword puzzle
