Business Insider asked high-end stylists about the clothes and accessories the rich are wearing.
Tailored blazers and suits are extremely popular among wealthy clientele.
Accessories like luxury handbags and statement jewelry are also staples in many wardrobes.
Many of us know the big names in the high-end design space, like Louis Vuitton or Gucci β but just knowing the brands isn't enough to build a fashionable wardrobe.
So, Business Insider asked high-end stylists what their wealthy and celebrity clientele are reaching for right now to determine which styles and accessories are actually in.
Tailored blazers never go out of style.
Kim Appelt, personal and celebrity stylist, told BI that tailored, relaxed blazers are easy to throw on and wear effortlessly.
"This is the ultimate 'power casual' piece, delivering sophistication without being too formal," she said. "They work with everything from jeans to silk slip skirts, creating an understated, polished look that feels effortless."
Some popular styles include those from brands like The Row or Celine that have clean lines for a sharp, precise look.
Leather and suede pieces scream high-end.
Desiree Miranda, a New York City-based stylist, personal shopper, and founder of Miranda New York, said many people opt for leather and suede pieces to elevate their looks.
"These pieces give off a feeling of prestige and status while also offering timeless style," she said. "When you find the perfect piece, whether it be a coat, pants, or a jacket, they will mold to your body over time, providing a unique and comfortable fit."
You can't go wrong with a classic pair of leather shoes.
Leather shoes are versatile and go with both tailored and casual looks, making them ideal for everyday wear, the office, and more formal occasions.
"Timeless loafers, often penny styles from Hermès or Chanel, and sleek, ankle-high leather boots are popular," Appelt told BI. "The quality leather softens beautifully over time, and because they never go out of style, they're the perfect fusion of comfort and class."
Monochromatic looks are chic.
Lindsey Bernay, a leading fashion expert, stylist, and author of the book, "You Can't Leave the House Naked," told BI that monochromatic looks are luxe.
"Monochromatic looks signal luxury through subtlety," she said. "Wearing one color head-to-toe, especially in neutral tones, creates a sleek, sophisticated look that feels both fresh and timeless."
The stylist emphasized the use of clean lines and high-quality fabrics for an extra bit of posh elegance.
Structured, minimalistic handbags elevate any outfit.
Appelt told BI that handbags with minimal branding, like the Hermès Picotin and the Bottega Veneta pouch, are in demand right now.
"The understated look is the new status symbol," she said. "This shift toward subtlety shows a confidence in one's style without needing to prove anything β it's the ultimate 'if you know, you know' vibe."
If the weather calls for knitwear, cashmere is best.
Appelt said high-quality cashmere sweaters, cardigans, and turtlenecks in neutral tones are popular among rich clientele right now β especially when they're from brands like Loro Piana or Brunello Cucinelli.
"Cashmere lasts and gets softer over time, making it a true investment," she told BI.
The celebrity stylist said the knitwear is a good example of the current influx of "quiet luxury" in the fashion world. They're well-made and high-quality while still being comfortable and low-key.
Bespoke jewelry stands out from the crowd.
Accessories can be just as important as the clothing itself in high-end fashion, and Appelt said bespoke jewelry is in right now.
The trend can include customized pieces, like a gold signet ring, and vintage fare, like heirloom-quality earrings.
"There's a lean toward pieces that tell a story or have sentimental value rather than flashy logos," the stylist told BI. "Custom jewelry feels intimate and luxurious, especially in an age when personal expression is key."
Biden said on Monday that those affected by the fires can apply to receive a one-time payment of $770 to buy immediate necessities like food and baby formula.
A Chinese social media app called Xiaohongshu is one of the biggest winners from a looming TikTok ban.
It's so popular in the US that Chinese users have started a new hashtag to welcome Americans.
The cultural exchange frenzy has birthed posts of people asking for help with English homework, among other requests.
A Chinese social media platform has grown so popular in the US that it's this week's most downloaded iPhone app β and it's become the site of a sudden East-Meets-West cultural exchange.
Xiaohongshu, also known as RedNote, hit the top spot on the US Apple store's ranking this week as a divest-or-ban law threatens to shut off American access to TikTok.
The app, commonly referred to as China's version of Instagram, has been flooded with posts from Chinese users greeting the influx of US newcomers.
One post titled "American please help me" went viral on Monday and received over 10,000 comments after its poster, from Zhejiang, requested help with their English homework.
Other popular posts also featured users, who listed their location as being in the US, offering their assistance for Chinese users' homework.
"Ask me any questions! I can help with your English homework, or answer questions about America (Texas). Thank you for welcoming us TikTok refugees," one post read. Several commenters uploaded photos of English-language worksheets in response.
The surge in American users on Chinese apps has also led to a rise in the hashtag #TikTokRefugee on Xiaohongshu, with dozens of Chinese creators posting guides on how to use the platform. The hashtag itself has been viewed over 64 million times, according to data seen by Business Insider.
"If you see a video that's downright awesome, just comment 6 or 66 or 666," said a cowboy hat-toting user, Big Tooth Chinese Redneck, in one viral video, referencing a Chinese internet slang term.
The sudden interest in Chinese social media platforms comes as TikTok continues to challenge the divest-or-ban law that the Senate passed in April. According to the law, TikTok will have to stop operating in the US on January 19 if its Chinese-based owner, Bytedance, doesn't sell the app.
TikTok argued its case with the Supreme Court on Friday, saying it will "go dark" in January if the court doesn't extend its divestment deadline. The court is expected to rule on the company's fate this week.
There's a lot on the line for TikTok now β it lost a challenge to the law in December when it brought the case before a panel of three judges from the US Court of Appeals for the District of Columbia Circuit.
In December, President-elect Donald Trump asked the Supreme Court to pause the law until after his inauguration. Trump is set to take office on January 20.
Allowing TikTok to operate in the US is a reversal of Trump's policy position on the company. Trump pushed for a TikTok ban in 2020 when he was still president. But more recently, the president-elect told reporters in December that he had a "warm spot" in his heart for TikTok.
Still, TikTok's troubles have brought unexpected benefits to platforms like Xiaohongshu and Lemon8, which both surged to the top two spots on Apple app store rankings. Lemon8 is also owned by Bytedance.
Meagan Loyst, founder of the investor collective Gen Z VCs, told Business Insider on Monday that users were flocking to these platforms to protest the government's planned TikTok ban.
"It really is just retaliation towards the government in the simplest way, but in a way that feels very native to Gen Z," Loyst said.
Representatives for TikTok and Xiaohongshu did not immediately respond to a request for comment from Business Insider.
A typical weekend for 28-year-old Olivia looks something like this: On Friday night, she'll catch a game, either in the stands or from the comfort of her couch in her home city of Philadephia. Saturday is for the girls β her book club might go out to brunch or convene at one of their houses. Sunday is for bonus activities like shopping and chores to help get ready for the week. While there might be alcohol at some of those events, Olivia won't be partaking. She's one of a growing cohort of Gen Zers who are opting out of America's drinking culture.
It's a choice that's become increasingly popular in Olivia's peer group. A few years ago, some of her friends would look at her like she was "crazy" for abstaining at social events. Now, some don't even notice β and more are joining her in cutting out alcohol completely, even in a city with a heavy drinking culture.
"I've noticed a lot of my friends have also started to give up drinking, or they're just not interested in spending the money," Olivia, who works in finance, said. "They don't like the feeling of it. Part of that I think, is getting older; part of it is it's just not as cool."
This year, Dry January came with a new warning for Americans: The US surgeon general, Dr. Vivek Murthy, published an advisory that said alcohol should come with a cancer warning, as multiple studies pointed to a link between the two β even as many Americans did not recognize it as a potential danger. Alcohol stocks tumbled immediately. But if the fresh warning about alcohol shocked millennials and older Americans, many Gen Zers met it with a shrug.
"The younger generations are just a little more risk averse than we were," Mary Charlton, a professor of epidemiology and the director of the Iowa Cancer Registry at the University of Iowa, told me. "I think they're a little less fatalistic about things." If older generations embraced an ethos of "I'm going to die anyways, I might as well smoke," Gen Z is rejecting that, Charlton said β or, at least, they're more aware of who's making money off of getting them hooked on those substances.
Existential considerations aside, for many younger Americans, drinking has become incidental to a good time. If millennials killed off everything from golfing to casual dining, Gen Z might put the final nail in the coffin of social and economic life centered on alcohol. It's cheaper and more rewarding for them to opt for a different kind of connection. And, for a growing subset of businesses, that could translate into huge dollar signs.
Becca Borowski, a 25-year-old Wisconsinite, said that she drank "way too much" in college. When she was 22, she began getting terrible hangovers and decided she wanted to cut down on her consumption.
"I feel like everyone kind of realized after COVID that we don't really have to drink to have fun," she said, adding: "That's kind of when I started to realize, oh, I really don't enjoy drinking as much. I kind of just enjoyed more so that everyone was there."
That seems to be a common sentiment among her peer group. Gallup polling found that the share of 18- to 34-year-olds who drink alcoholic beverages has tumbled to a record low.
Meanwhile, the share of 18- to 34-year-olds who think even drinking in moderation is bad for health has doubled since the early 2000s. Chloe Richman, a 29-year-old in New York City who cohosts the podcast "Litty and Sh*tty," has been sober for nearly a year. Her decision to ditch drinking came after she started watching videos about popular online wellness trends such as 75 Hard and cold plunges.
"It really got to me, and I was thinking, oh, that's an easy fix for me," Richman said.
The shifting attitudes toward drinking affect not only how Gen Zers spend their time, but it's also had a dramatic effect on how they spend their money. For some businesses, this has become a serious issue: Concert venues are struggling with lower alcohol sales, and some bars are having to pivot their offerings, bolstering their non-alcoholic options and crafting spaces for optimal socializing. At the same time, a Gen Z nonalcoholic economy is quietly booming β and creating an opening for new types of businesses. The global non- and low-alcoholic beverage business has ballooned to $13 billion and is projected to grow even more. An analysis from IWSR found that nonalcoholic drink volume rose by 29% from 2022 to 2023, and the industry is projected to grow by 7% from 2023 to 2027. Nonalcoholic beverages have also captured new fans: In 2023, for instance, 17% of the industry's consumers were new to the nonalcoholic market. It turns out that Gen Zers still want to see each other; it just doesn't have to be over a drink.
As with any social movement, some big corporations are trying to capitalize on the recent shift. The big alcohol companies have already been gearing up for the anti-booze revolution, with many launching alcohol-free versions of their products. Heineken's CFO Harold van den Beck said in an October earnings call that 4% of the company's portfolio is nonalcoholic beverages and that that could increase to 6% or 7% of the total portfolio in the foreseeable future. Even Gen Z icon Tom Holland β who has been sober since 2022 β has launched his own nonalcoholic beer, Bero, which touts itself as "the new gold standard in beer."
Beyond the big businesses trying to get in on the trend, local entrepreneurs are also trying to create a smaller-scale community that caters to Gen Z's booze-free proclivities. Alexandra Zauner, 34, quit drinking 10 years ago. She wanted to create a way for people to socialize without alcohol, something she felt was missing in her own sobriety journey. That led her to create Lucille's, a nonalcoholic bottle shop and tasting room in St. Paul, Minnesota.
"We're seeing more and more people that are craving opportunities to connect, and it's less about the alcohol and it's more about just creating spaces for people that feel exciting and fun and gets people out of the house," Zauner said. She thinks people still want to experience nightlife β they're just opting not to do that at bars. Whether she's at one of her own nonalcoholic events or someone else's, she feels she gets to connect with other people on a deeper level β and have "genuine fun."
It's less about the alcohol and it's more about just creating spaces for people that feel exciting and fun and gets people out of the house.
That rings true for Borowski, the Gen Zer in Wisconsin, who wants to get out and meet people without feeling the need to down boozy drinks. For her, that's meant pursuing some of her more creative hobbies: She's a student at local pottery studio Cream City Clay, where she's been cultivating a few friendships out of class. Connecting with peers who share her hobbies β rather than just a drink β has led her to more like-minded, creative folks.
"It's really fun to be able to take our friendship out of the class," she said.
"We get a lot of people in their 20s and 30s coming in just to sit down and do work. We have WiFi and lots of outlets and 45 seats," Panos said. "We encourage people to sit down. So we're getting a lot of people who just want a cozy, warm spot right now."
That's pretty much the definition of an ideal third space β a place to gather that isn't home or the office but open to those who want to hang out for longer unstructured stretches. If millennials found themselves constricted by a loss of third spaces that funneled primarily into bars, Gen Zers' appetite to hang out sans alcohol might bring third spaces back and then some. A quick glimpse at the type of activities Gen Z is resurrecting β like speed dating or book clubs β shows that there's a larger cultural shift undergirding the patrons keeping these businesses afloat.
Gen Z sobriety still has its own nuances β many Gen Zers are still drinking, even if just a little. Others might be more motivated by current wellness trends and an acute need for connection than a long-term dedication to sobriety.
In Ohio, the rock-climbing walls at RockQuest are hopping on a Friday night. The general manager, 34-year-old Tyler Carson, has noticed an influx in younger folks who aren't just serious outdoorsy types. That includes everyone from older high schoolers to college groups to first dates. Carson said that the pandemic was a catalyst, of sorts β people were stuck inside and getting antsy. Now, some are opting for the thrill of the climb instead of the high of an alcohol buzz.
"There's enough fear even when doing it properly that's like, ooh, this is kind of a rush for people, especially new to the industry. And so they get that excitement, they get that thrill," Carson said.
Indeed, some of the Gen Z focus on sobriety might be tied to the overarching wellness culture and a focus on weight-loss and body transformations fueled by drugs like Ozempic. As Meir Statman, a professor of finance at Santa Clara University, said, "thin is in" in America right now, and younger people (many of whom are frequently on camera, whether it be a Zoom call or an Instagram story) are more concerned about how they look to potential mates. Emily Wilson, a 28-year-old in New York City who cohosts the "Litty and Sh*tty" podcast with Richman, said, much of the new wellness culture β including the sober-curious movement β is centered on selling new products to Gen Zers.
"Wellness is kind of a scam, but I think the fact that it's making people be healthier in some ways β like sobriety β is good, but there's definitely other ways where it's like the Ozempic culture is terrible," Wilson said.
While more members of Gen Z are sober-curious or cutting out alcohol, it doesn't mean all members of the younger generation are dialing back, and other substances might see more Gen Z support: 19% of 18- to 34-year-olds surveyed by Gallup in 2023 and 2024 said they smoke marijuana, the highest among age groups. Even weed companies are adapting to the younger generation's desire for a less intoxicating experience β Curaleaf recently launched a new seltzer with a 2.5-milligram dose of hemp THC, half the dosage of its 5-milligram seltzer launched over the summer. Curaleaf chairman and CEO Boris Jordan said their products are getting a boost as young people search for alcohol-free alternatives.
"As cannabis legalization expands and the hemp market grows, we are seeing adults shift from alcohol use to cannabis consumption, particularly in the 21-27 age group," Jordan told me in a statement.
These changes started taking hold even before the surgeon general's advisory, which may help to accelerate Gen Z's shift β and grow the market for alcohol-free fun. After completing her own research on the link between drinking and cancer, Charlton abandoned her habit of having a glass of wine at night as a reward for getting work done. Now, she only drinks socially. She thinks the longer-term effect of the prominent cancer warning might help people broaden their perspectives on how they want to spend their time.
"I really like this new generation and how it stands out in such different ways from what traditional business and marketing kind of is used to," he said. "I think it's challenging everything across the board."
Juliana Kaplan is a senior labor and inequality reporter on Business Insider's economy team.
Samsung topped the list of most U.S. patent grants for the third straight year, while Huawei and other Chinese companies saw a significant increase in patent awards in 2024, according to new data from IFI Claims.
Why it matters: Patents aren't a direct proxy for innovation, but they are an indicator of which companies are both investing in research and looking to protect their intellectual property.
By the numbers: Chipmaking powerhouse Taiwan Semiconductor Manufacturing Co. (TSMC) supplanted Qualcomm for the No. 2 spot, with Apple rising three places to claim the No. 4 spot.
China's Huawei rose six places to No. 5 on the list, thanks to a 47% year-over-year increase in patents granted.
IBM, once the undisputed patent king, fell another four places to No. 8. The company announced several years ago that it would be more selective in its patent filings.
Overall, U.S. companies accounted for 56% of the U.S. patents granted, followed by those from Japan, China, South Korea and Germany. Applications by Chinese companies, though, were up 32% from 2023.
"Despite all the market's attention on AI, we saw technologies like machine learningβwhich underpins artificial intelligenceβslope downward," said IFI Claims CEO Ronald Kratz. "But we're not surprised by that. Those were the fast growers that preceded the present AI bonanza and have been on our list in the years leading up to it."
Between the lines: The overall number of patents granted, which had been declining for the past four years, rose 3.8% from calendar year 2023 to 324,043.
"It's good to see patent grants heading in the right direction again," Kratz said in a statement. "The USPTO has been hiring more examiners to deal with the accumulation, so it looks like that's having a positive effect."
Yes, but: The Patent Office still has a large and growing backlog of applications waiting to be examined. There were 813,000 unexamined applications as of 2024, up from 750,000 from the prior year and around 540,000 before COVID, per IFI.
The Chinese-owned platform is set to be yanked from US app stores on January 19. That's unless it's tossed a last-minute life raft by the Supreme Court or President-elect Donald Trump, who has asked the court to pause an enforcement deadline.
The former scenario is looking increasingly unlikely, however, as legal experts tell Business Insider that the Supreme Court appears to be leaning toward upholding the divest-or-ban law.
If the app goes dark, US users will have to look elsewhere for a short-form video fix. TikTok's ethos and community are unique, but competing formats exist on the world's biggest social-media apps, and are also offered by emerging competitors.
Here's who is β and who's not β in the running.
Meta, YouTube, and Snapchat have been competing in short-form video for years
Data shows that new apps often struggle to gain long-term traction when they have well-established rivals. And Meta, YouTube, and Snapchat have all been competing in the short-form space for years.
Snapchat, for its part, launched a TikTok counterpart calledΒ SpotlightΒ in 2020,Β offering payouts to get creators to post.
Meanwhile, LinkedIn has more recently targeted TikTok by encouraging influencers to post short-form content. Some have told Business Insider that they've seen engagement boosts as a result.
TikTok sister app Lemon8 would likely get the ax, too
TikTok sister app, Lemon8, hasΒ soared to the top of the app chartsΒ in recent weeks. Lemon8 is reminiscent of Pinterest and contains a mix of photos and videos.
However, given that the law specifically mentions ByteDance, the parent company of the two apps, Lemon8 would likely be banned along with TikTok.
Christopher Krepich, the communications director for the House Committee on Energy and Commerce, previously told Forbes the bill would ban Lemon8 unless ByteDance divested.
Xiaohongshu, also known as RedNote, another Chinese social app β which functions like Instagram but with more commerce features β has recently surged in popularity. It could, however, also be subject to the same divest-or-ban law as TikTok if the US government chose to target it.
Triller has long positioned itself as a TikTok rival
Triller has long sought to position itself as an alternative to TikTok β and currently offers a tool to help creators save their videos ahead of a potential ban.
Triller has gone through a series of strategy shifts over the years. After several false starts, it went public late last year through a reverse merger with a Hong Kong-based company called AGBA Group Holding Limited.
It recently hired former TikTok product head Sean Kim to run its video app, as well as several other subsidiaries.
It's not the only one in the space, however.Some of its competitors include Flip and Complex Shop, formerly known as NTWRK. Flip, which raised $144 million last April at a $1 billion valuation, according to Bloomberg, launched in 2019 and enables users to post short, shoppable reviews.
Whatnot also made headlines after closing a $265 million funding round earlier this month at a $5 billion valuation. The app hosts livestreams across categories like fashion, collectibles, and storage unit finds.
Special Counsel Jack Smith delivered his final report about the January 6 insurrection.
The report is his final word on the 2020 election interference case.
Smith concluded by saying that Trump would have been convicted had he not won the 2024 election.
Special counsel Jack Smith just delivered his final report on the January 6 insurrection.
The 137-page document, sent by the Justice Department to Congress on January 7 and made public early Tuesday, summarized years of Smith's investigation into the 2020 election interference case involving President-elect Donald Trump.
The report concluded that Trump would have been convicted in the case if he had not been elected president in 2024.
"Indeed, but for Mr. Trump's election and imminent return to the Presidency, the Office assessed that the admissible evidence was sufficient to obtain and sustain a conviction at trial," Smith wrote in the last line of the report.
In the report, Smith wrote that evidence showed Trump had disrupted a democratic process that had "operated in a peaceful and orderly manner for more than 130 years."
Trump wrote an early Tuesday post on Truth Social responding to Smith's report, calling the prosecutor "desperate" and "a lamebrain prosecutor who was unable to get his case tried before the Election."
In November, shortly after Trump's election victory, Smith asked federal judges for permission to drop the case against Trump, saying it would run counter to the long-standing DOJ policy against prosecuting a sitting president.
Read the full report here:
Representatives of Trump and Smith did not immediately respond to requests for comment from Business Insider, sent outside regular business hours.
President-elect Trump allegedly spread "demonstrably and, in many cases, obviously false" claims about his 2020 election loss in an effort to overturn results, Special Counsel Jack Smith alleged in the final report of his investigation, published early Tuesday.
Why it matters: The Justice Department closed its investigations in the face of Trump's November election win, but Smith maintains in the report he would have secured a conviction in the case if it had gone to trial.
Driving the news: The Department of Justice published Volume One of the report it's sending to Congress early Tuesday.
"The department's view that the Constitution prohibits the continued indictment and prosecution of a president is categorical and does not turn on the gravity of the crimes charged, the strength of the government's proof or the merits of the prosecution, which the office stands fully behind," Smith wrote in the report first shared with NBC News.
"Indeed, but for Mr. Trump's election and imminent return to the presidency, the office assessed that the admissible evidence was sufficient to obtain and sustain a conviction at trial."
The other side: Trump responded to the release of volume one of the DOJ report by calling Smith a "lamebrain prosecutor who was unable to get his case tried before the election" in a post his Truth Social platform early Tuesday.
Zoom in: Smith in a letter to Attorney General Merrick Garland accompanying the report defended his prosecution of Trump, who has repeatedly criticized the special counsel.
"The claim from Mr. Trump that my decisions as a prosecutor were influenced or directed by the Biden administration or other political actors is, in a word, laughable," Smith wrote.
"Mr. Trump's letter claims that dismissal of his criminal cases signifies Mr. Trump's 'complete exoneration.' That is false," Smith said, citing the Constitution as a reason for not proceeding.
However, Smith said this "does not turn on the gravity of the crimes charged, the strength of the Government's proof, or the merits of the prosecution β all of which the Office stands fully behind."
The big picture: The report marks the end of a lengthy legal battleto hold Trump accountable for his purported role in the Jan. 6 Capitol riot and the events leading up to it, which occurred while he was still serving his first term as president.
He denied any wrongdoing and pleaded not guilty to all federal charges in the case.
Catch up quick: Trump was indicted in 2023 and charged with conspiracy to defraud the U.S., conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding and conspiracy against rights.
The indictment came months after the House Jan. 6 select committee accused him of taking part "multi-part conspiracy to overturn the lawful results of the 2020 Presidential election."
Representatives for Trump did not immediately respond to Axios' request for comment.
For the record: The Justice Department did not release portions of the report pertaining to Trump's handling of classified documents case because portions of the case against other defendants are ongoing.