Bloomberg Business

Rolex, Patek Investment Beats S&P Gains Over Five Years

Prices for Rolex, Patek Philippe and Audemars Piguet watches appreciated by an average of 20% a year since mid-2018, outpacing the S&P 500 Index, as values for pre-owned luxury timepieces surged, a new report shows.

Chinese City Backs Return of Lockdowns for Severe Flu Outbreaks

A Chinese city will use lockdowns and school and business closures as part of its plan to contain influenza outbreaks, sparking concern among citizens about a return to the country’s economically-crippling Covid restrictions.

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