HSBC Spotlights The World's 6 Biggest 'Pain-Trades'
PremiumHSBC Spotlights The World's 6 Biggest 'Pain-Trades'
Last week saw renewed scepticism in the AI narrative.
A multitude of reasons from leveraged single-stock ETFs to a too hawkish Fed were apparent in explaining renewed Tech weakness.
Pain trade #1: The AI trade continues unabated
Influencer is brutally roasted over her 'atrocious' wedding dress
Viral influencer Brigette Pheloung, known online as Acquired Style, has officially tied the knot to her longtime partner, Mitch McHale - but she's been roasted by fans over her choice of wedding dress.
On Monday, Pheloung, who boasts nearly three million followers, announced that she had secretly gotten legally married in Philadelphia a few weeks ago, sharing a sweet video and various photos from the ceremony.
Their special day took place at Saint Joseph's University, where she and husband Mitch McHale first met years prior.
She made the announcement by sharing a video to Instagram, which showed clips from their private wedding, and was narrated by each of them telling the story of how they met.
Pheloung, who explained that a second, bigger celebration is still to come, also shared footage showcasing her wedding dress.
She donned a figure-hugging, long-sleeved lace gown, which featured a hood as well as an open back.
It was custom-made for the influencer by her and twin sister Danielle's own clothing brand, Phe Phe.
But some of the social media star's followers were not fans of the look, as they took to Reddit to slam the gown, branding it as 'too much' and 'ridiculous' for a summer event.
Influencer Brigette Pheloung, known online as Acquired Style, posted a video to TikTok proudly showing off her wedding dress following her intimate ceremony with Mitch McHale, but it garnered immense backlash after someone reposted it to Reddit
On Monday, Pheloung (seen in October), who boasts nearly three million followers, announced that she had secretly gotten legally married in Philadelphia a few weeks ago
'I see the vision but the execution is atrocious. The hood looks like an actual hoodie hood if that makes sense,' one Reddit user wrote.
Another agreed: 'The back cutout and the hood don’t go together.'
'The hood in the middle of summer in June is a weird choice, especially with an open back dress,' someone else typed.
'It’s just too too much. It’s too busy. The hood, the lace pattern, the bell sleeves, the cut-out back buttons. It’s too too much. She’s from Jersey right? This tracks… maybe she needs to acquire some real style,' a different Redditor commented.
'The dress itself is pretty but the hood is just ridiculous especially in the summer,' read a fifth comment.
Other fans, though, thought the opposite, raving about how beautiful the gown was.
'Maybe I’m an outlier but I actually think this is stunning,' one Reddit user typed.
Another seconded: 'I don't know, I think she looks beautiful and incredibly happy. I’m a fan of it.'
Pheloung and her twin, Danielle, are TikTok-famous influencers who live in New York City
Pheloung's big day comes just a few weeks after she made headlines for her extravagant bachelorette party to St. Barths. She's seen in April
'Hate to say, I kinda love it,' someone else wrote.
Pheloung's big day comes just a few weeks after she made headlines for her extravagant bachelorette party in St. Barths.
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She set off for the trip in a Boeing Business Jet worth millions of dollars and stayed in a private villa in St. Barths with her closest friends.
The jet ride and villa were both sponsored by AI mirror company Swan Beauty, which sells an $800 'smart beauty mirror' that gives users an AI skin analysis and face mapping, along with tutorials from professional makeup artists and even includes a makeup shopping app.
While Pheloung is only including her twin sister, Danielle, in her actual bridal party, she invited along nearly 20 friends for the sponsored weekend-long trip, including fellow content creators Kit Keenan, who is the daughter of fashion designer Cynthia Rowley, Audrey Trullinger, Lauren Wolfe and Klea Mulla.
The women showed their followers every detail of the weekend, starting off with their private jet ride, where they were greeted with drinks in coconut shells with her bachelorette catchphrase - 'acquired a husband' - as well as a buffet of breakfast foods and treats.
She set off for the trip in a Boeing Business Jet worth millions of dollars and stayed in a private villa in St. Barths with her closest friends
Brigette also gave viewers a private tour of their villa in St Barths, as seen above
The jet not only featured a full-size bed on board, but also a conference table and cashmere sofas and chairs.
The bridal party all wore neon sweatsuits from the twins' brand, Phe Phe, while Brigette wore a custom-made, bedazzled white suit that read 'bride' on both her shirt and the back of the sweatpants.
The bride-to-be toted a $35,000 mini Hermès Kelly bag during her travels.
While they were in the air, the girls made plenty of TikTok videos chronicling the trip, and even gave the bride a gift, which was a white tote bag from designer Goyard, which costs over $2,000, complete with her new initials painted on in it in bright pink.
After they made their way from New York City to St. Barths via the private jet, they were transported to a huge, private villa where the girls will stay for the weekend.
The villa featured multiple huge living rooms, a large kitchen and open-air bedrooms that each have their own private view of the nearby beach and sea.
It's unclear exactly what villa the brand has rented for the weekend, but similar, multi-room villas in the area go for over $18,000 per week.
Restaurant chains may never look the same again as new law kicks in
Your next trip to a restaurant in California could look a little different - even before you place your order.
Beginning July 1, hundreds of chain restaurant locations across the state will be required to change their menus under a first-in-the-nation law aimed at helping guests with food allergies.
The new rules mean customers at well-known chains, like Outback Steakhouse and Olive Garden, will begin seeing allergen information alongside iconic menu items.
California's Senate Bill 68, known as the Allergen Disclosure for Dining Experiences (ADDE) Act, is meant for restaurant chains with 20 or more locations nationwide with at least one restaurant in the Golden State.
Now, those chains will be required to say if a menu item has any of the FDA's nine major food allergens: milk, eggs, fish, crustacean shellfish, tree nuts, peanuts, wheat, soybeans and sesame.
California is the first state in the nation to require allergen disclosures directly to customers before they order, potentially setting a precedent that other states could choose to follow.
This law does not apply to smaller restaurants or food trucks.
The allergy information will appear every way customers order food, whether that's with a printed menu, digital menu, online or at a kiosk.
California's new bill about allergen disclosure impacts Outback Steakhouse, Olive Garden, Texas Roadhouse, LongHorn Steakhouse and other large chains
California is the only state being impacted by this new bill, although some hope other states will pass similar legislation
Caroline Menjivar, the California democrat who authored the legislation, said the bill was partially inspired by her experience living with food allergies - and aims to make dining out safer for others in the state.
'California will once again lead the nation by becoming the first state to mandate allergens be listed on menus for food facilities with 20 locations and above,' Menjivar said in a statement.
According to Menjivar's office, almost four million California residents have potentially life-threatening food allergies, while the CDC estimates food allergies impact nearly 8 percent of US children as of 2024.
Restaurants may also share allergen details via QR codes or digital menus, but only if they also make a written version for customers who can't access the information electronically.
A glaring flaw for some, however, is that this law does not require restaurants to warn about potential cross-contact from shared cooking equipment or preparation areas, focusing instead on allergens intentionally included as ingredients.
Some shared their relief at the upcoming requirements, saying more states should follow California's example.
'As someone with 5 IgE-mediated food allergies who has gone into anaphylactic shock due to eating chicken I didn't know was cooked in sesame oil, I wish all restaurants would list out the ingredients,' author Chrissy Bernal told the Daily Mail.
'Every vacation I have taken in Europe restaurants there have an allergen key on every menu and every item states what allergens are in the dish,' one Reddit user said. 'I don’t see why that would be a problem here.'
Olive Garden's website confirms each of their managers 'has completed a food safety course' regarding allergy risks
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Many of the restaurant chains covered by California's new law already share allergen information with customers in some form.
At Outback Steakhouse, customers can currently access an online allergen guide that names menu items with allergen risks, while the company advises guests with food allergies to notify their server before ordering.
Olive Garden has a similar practice, with allergen information listed on its website.
'Each of our managers has completed a food safety course, which includes basic information about food allergies, in addition to safe food handling practices,' the Italian chain's website states.
'Even with processes and procedures in place, we are mindful that we are not an allergen-free facility. As such, we cannot guarantee that any item is free of any allergen,' the statement continues.
Many restaurants also ask guests with severe allergies to speak with a manager or server so kitchen staff can take added precautions while prepping their meal.
