Americans Are Suiting Up Again & Ferrari’s Mocked First EV is Selling Fast

The pandemic-era uniform of sweatpants and athleisure is finally losing its grip on American fashion, and Ferrari's first electric vehicle—widely mocked upon its reveal in May—has already sold out its 2025 allocation at $400,000 a pop, with one bespoke model fetching $40 million at auction. Meanwhile, a growing backlash against AI companies is pushing lawmakers at every level to consider taxing data centers and even redistributing AI wealth to the public.

The Return of the Suit

Brooks Brothers CEO Ken Ohashi told the show his company is seeing double-digit growth in suits this year, driven not by a return to gray flannel but by "fashion suiting"—more fun, colorful fabrics that signal personal style rather than corporate conformity. Ralph Lauren reported a 13% revenue increase for Q2. Even Tailored Brands, parent company of Men's Wearhouse, which filed for bankruptcy in 2020 and closed over 400 stores, has staged a comeback: it filed to go public in July and reached $2.5 billion in sales last year.