BUSINESS

Zendaya and Robert Pattinson’s “The Drama” is taking the plunge in theaters this weekend. What are Rotten Tomatoes critics saying about the movie?

President Donald Trump’s address on Wednesday has left investors with concerns over a potential escalation for the Iran conflict.

Bondi is the second Trump Cabinet member to be removed in a matter of weeks.

Resale has gone mainstream in the market and is no longer a side channel in fashion, but part of the ecosystem that feeds the entire industry flywheel.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Coach’s Tabby bag gets a spring makeoverEvery time Coach comes out with a new seasonal drop, it’s like Christmas came early, and this spring is no exception. Over at Coach Outlet, we were graced with various florals, including printed patterns and embroidered details. But if you want that spring feeling in a bag that isn’t decked out in flowers, Coach paired one of its most iconic and popular bags with a new spring color that Coach fans can’t get enough of.This spring, the Tabby Shoulder Bag 20 With Pillow Quilting came out in a Flower Pink color that Coach lovers (including myself) are swooning over. Unlike the softer, almost pastel hues in the Powder Pink collection that came out recently, Flower Pink is a vibrant and bold color that looks like a bubblegum pink shade. It’s fun, captivating, and — combined with the chic quilting and elevated brass hardware — is somehow both trendy and timeless. Tabby Shoulder Bag 20 With Pillow Quilting, $395 at Coach

Courtesy of Coach

Shop at CoachWhy is the quilted Coach Tabby bag so popular?The Tabby bag first came out in 2019 as a revival of a Coach design from the ’70s. It’s gone through many iterations, including classic pebbled leather, Signature Jacquard, denim, and suede. While all the Coach Tabby bags have a luxury look, the quilted version takes it to the next level. It’s plush and crafted from soft and buttery nappa leather, and reviewers even praise the quality of the stitching that involves a timely sewing technique to achieve. The quilted Tabby Shoulder Bag 20 is smaller than a Tabby 26, but larger than a Tabby 19. It lands right in the middle, making it the perfect petite size with versatile wear. It’s ideal for carrying the essentials — like your phone, wallet, and keys — with an outside slip pocket, two open internal compartments, and an inside magnetic snap pocket. It has a 21.5-inch chain strap that has pink leather woven in between each link that can be worn as a crossbody at full length, or adjusted to wear as a shoulder bag. Last but not least is the Signature “C” hardware with a pushlock closure that ties everything together. A modern take on an archival 1970s Coach design, our structured Tabby shoulder bag is crafted of quilted plush, ultra-soft nappa leather. Slightly smaller than the 26, the petite 20 features a long leather chain strap to wear crossbody or double up for a shorter, dressier look. It’s finished with our Signature hardware for an iconic touch.Details to knowDimensions: 7.75 inches long by 2.75 inches wide by 4.25 inches high.Material: Napa leather and fabric lining.Strap: 21.5-inch drop.”I’m honestly in love with this Coach bag. The quality is everything — soft, luxurious, and made to last,” a Coach shopper said. “The design is effortlessly classy with just the right touch of bold, and it elevates every outfit without even trying.”If you want more of Coach’s Flower Pink hue, you’re in luck. The color is available in a few other Tabby styles, including a smaller crossbody bag and a wallet.  Tabby Wallet, $195 at Coach

Courtesy of Coach

Shop at CoachTabby Chain Crossbody Bag 19 With Quilting, $295 at Coach

Courtesy of Coach

Shop at Coach

Weaker growth and higher inflation expected

Gold investors had spent four days clawing back ground. Then President Donald Trump stepped to the podium.Spot gold fell 2% to $4,664.39 per ounce on April 2, snapping a four-day winning streak, after the president delivered a prime-time address on April 1 pledging to escalate military operations in Iran over the next two to three weeks. U.S. gold futures slid 2.5% to $4,691.10. The pullback reversed a rally that had carried bullion to its highest level since March 19.Silver fell 4.6% to $71.67 per ounce. Platinum dropped 2.5% to $1,914.61, and palladium shed 1.4% to $1,451.92, per Reuters.What President Trump said about IranSpeaking from the White House on April 1, the president said the U.S. would hit Iran “extremely hard” over the next two to three weeks, per CNBC. He threatened to target each of Iran’s electric generating plants and its oil infrastructure if a deal was not reached.”We’re going to hit them extremely hard over the next two to three weeks,” Trump said. “We’re going to bring them back to the stone ages, where they belong.”Related: Analysts have a message for investors on the gold price dropHe said the U.S. was “very close” to completing its objectives and described discussions as ongoing, leaving a diplomatic resolution technically on the table. But markets focused on the escalation. Dow futures slid more than 260 points, S&P 500 futures fell 0.7%, and Nasdaq 100 futures dropped 0.8% shortly after the speech.Iran’s Foreign Ministry pushed back the next day. “As far as the Iranian nation is concerned, we are absolutely determined and resolute to continue our defense against this aggression,” a spokesperson said, according to CNBC.Why the president’s speech hurt goldThe reaction was counterintuitive. Geopolitical escalation typically supports gold as a safe haven. But the Iran conflict has upended that relationship, Newsweek noted.Trump’s comments pushed Brent crude to $105 per barrel on April 2, per Upstox. Rising oil prices lift inflation expectations. That in turn pushes Treasury yields and the dollar higher. Gold, a non-yielding asset, loses appeal when real yields rise and the dollar strengthens.”Higher interest rates make Treasury bonds and even cash more appealing compared with a metal that pays no income,” Newsweek reported. “If markets believe inflation will force central banks to stay tough on rates, real yields can rise, and that tends to push gold prices down.”More Gold:Gold just saw its biggest decline since 1983: what’s nextGold and silver bugs face grim reality checkGold’s price is falling fast: Here’s what comes nextThe U.S. dollar index rose 0.27% after the speech, Upstox indicated. Bets for a December Federal Reserve rate cut fell to just 12%, down from around 25% before Trump’s latest comments, Reuters reported.The pattern has repeated throughout the five-week conflict. Investors have been liquidating gold positions to cover losses elsewhere, even as the war continues to intensify, Bloomberg confirmed. Gold has fallen more than 11% since the conflict began on Feb. 28, according to CNBC.How markets moved after Trump’s address:Spot gold: Down 2% to $4,664.39, snapping a four-day winning streak, per ReutersSilver: Down 4.6% to $71.67 per ounce; platinum down 2.5% to $1,914.61Brent crude: Surged to $105 per barrel, according to UpstoxS&P 500 futures: Fell 0.7% after the speech, CNBC notedDecember Fed rate cut odds: Fell to 12% from about 25%, Reuters reported

Gold has fallen more than 11% since the Iran war began on Feb. 28.Stiller/Getty Images

Gold’s unusual response to this warThe counterintuitive decline is not a new phenomenon in this conflict. Gold rose briefly when Operation Epic Fury launched Feb. 28, climbing from $5,296 to $5,423. But it then sold off sharply, according to CNBC. It has broadly failed to hold gains through five weeks of escalation.Part of the explanation is positioning. Gold had already risen more than 70% in the year before the war started. When a trade gets that crowded, shocks can trigger profit-taking rather than fresh buying. Analyst Iain Barnes of Netwealth noted that gold’s price volatility has been running at twice its historical level in recent months due to increased participation from financial investors, per CNBC.”International central banks seeking to diversify their reserves away from U.S. dollars may have started gold’s bull market in the past few years, but in the end the market ran out of new financial buyers and instead saw widespread profit-taking as wider uncertainty hit markets and the dollar rebounded,” Barnes told CNBC.Goldman holds its targetDespite the continued pressure, Goldman Sachs has not moved off its $5,400 year-end target. The bank maintained its call after the March selloff and repeated it in the context of the ongoing conflict.”We continue to forecast gold prices reaching $5,400 per ounce by end-2026, as central bank diversification continues, currently low speculative positioning normalizes, and the Fed delivers the 50 basis points of cuts our economists expect,” Goldman analysts Daan Struyven and Lina Thomas wrote, as CNBC reported.They acknowledged the near-term risk but pointed to medium-term upside. If the Iran conflict accelerates diversification into gold and weighs on perceptions of Western fiscal sustainability, risks to the forecast are skewed to the upside over time, they said.For now, the war’s near-term impact runs through oil, inflation, and the dollar, not through safe-haven flows. Until the Strait of Hormuz reopens or the Federal Reserve signals a clear path to rate cuts, that dynamic is unlikely to change.Related: Gold’s price is falling fast: Here’s what comes next

Before President Trump even started speaking Wednesday night, investors had already factored in a swift end to the crisis.

The CFTC argued in a lawsuit that the Commodity Exchange Act gave it “exclusive jurisdiction” over all swaps, which include prediction markets.

Coinbase’s conditional OCC approval moves it closer to operating as a federally regulated crypto custodian, pending compliance and final review.