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- 💎 Wealthy Americans dodge tariffs
💎 Wealthy Americans dodge tariffs
with European shopping trips ;-)
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💎 Wealthy Americans dodge tariffs with European shopping trips
🛒 Amazon folds Whole Foods deeper into its empire
📈 Tariffs, perks, and fintech chatter heating up ahead of events
Rich Americans, like Jamie from New York, are skiing in Switzerland while dodging Trump’s new tariffs on luxury watches and handbags.
🚨 Breaking News
The Trump administration slapped a 39% tariff on Swiss goods, pushing wealthy travelers abroad to score cheaper Rolex, Dior, and Prada.
⚡Wire Simplified
A Patek Philippe watch in Geneva can save buyers thousands compared to U.S. prices.
Swiss goods face one of the highest U.S. tariffs globally (39%).
Travelers must still declare items at U.S. customs, risking taxes or penalties.
VAT refunds in Europe can add another 15%+ savings on luxury purchases.
Advisors say luxury shopping trips jumped nearly 50% this summer.
✔️ Straight to the Point
Rich shoppers see Europe as their new discount mall, but customs rules mean dodging tariffs is not as easy as it sounds.
🎤 Would you ever plan a vacation just to buy luxury goods? |
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Amazon is giving Whole Foods corporate employees the same pay perks, benefits, and discounts as other Amazon corporate staff by 2026.
🚨 Breaking News
By December 2026, Whole Foods corporate staff will fully merge into Amazon’s pay and benefits system, with perks like Amazon discounts.
⚡Wire Simplified
Whole Foods employees will get Amazon-style salaries and benefits.
They keep store discounts and also get 10% off Amazon merchandise.
New benefits include deals on phones, cars, and travel.
Amazon is spending $4B to expand U.S. grocery delivery.
Move aims to compete harder with Walmart, Kroger, and Instacart.
✔️ Straight to the Point
Amazon is folding Whole Foods deeper into its empire, aligning perks so grocery staff feel more like Amazonians, discounts included.
VCs commonly underestimate how much founders dislike fundraising.
Many founders will simply take an early, reasonable offer, just to be done.
Speed and decency wins a surprising number of deals.
— Terrence Rohan (@tmrohan)
10:50 PM • Aug 27, 2025
I estimate that AI writes under 10% of the code I ship.
This is valuable code. Code that has impact and economic value.
However, I now use AI to write a lot of throw-away code. Before, I had to imagine what I wanted, while I can now use AI to build it.
There's also a ton of
— Santiago (@svpino)
3:10 PM • Aug 27, 2025
Singapore FinTech Festival 2025
The world’s largest fintech festival, uniting global financial leaders to discuss payments, AI, and financial inclusion.
Date: Nov 12–14, 2025 | Location: Singapore
22nd NextGen Payments & RegTech Forum 2025
A major European forum focused on payments and regulatory technology, bringing together banks, fintechs, and policymakers.
Date: Nov 6, 2025 | Location: Limassol, Cyprus
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