US stock valuations should decline, says Bank of America's Michael Hartnett.
Stimulus and AI excitement drove S&P 500 gains, but valuations will normalize.
Hartnett favors bonds, gold, and international stocks amid US macro risks.
The days of high US stock valuations are over, says Bank of America's Chief Investment Strategist Michael Hartnett.
Since 2020, investors have been willing to pay a premium relative to S&P 500 company earnings. So-called price-to-earnings ratios have been elevated thanks to mammoth stimulus efforts amid the pandemic and excitement around artificial intelligence developments. The optimistic outlook has propelled stocks to 146% gains from COVID-19 lows.
Over that time, S&P 500 PE ratios on a trailing 12-month basis have barely dipped below 20 times and have risen as high as 41x. The average PE ratio during the last five years was just shy of 26x. But Hartnett said in a client note on Thursday that things are going to start trending toward historical norms.
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Since 2000, the S&P 500's average PE ratio has been 20x. During the entire 20th century, the index's average valuation was 14x. Hartnett predicts that 2025 will mark the end of the era of elevated valuations.
"We say 2025 big picture is peak valuations in stocks and credit, following glory of past 5 years," Hartnett wrote.
"20x has been floor for S&P 500 P/E in first half of 2020s, a decade of magnificent US exceptionalism augmented by fiscal excess and AI boom," he continued. "20x we say new ceiling for P/E as globalization reverses, Fed less independent, fiscal/monetary excess ends, 3-4% new inflation normal outside recessions, US savings rate rises."
Equity valuations measure how expensive stocks are on a relative basis by looking at how much investors are paying compared to the earnings that companies actually generate.
Other valuation measures, like the Shiller cyclically-adjusted PE ratio, show that US stocks remain at some of their most expensive levels in the last century.
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When valuations climb too high, long-term forward returns have historically been muted.
For valuations to come down, stock prices either have to fall or earnings have to live up to or outperform elevated expectations.
Given macro risks as President Donald Trump's trade war threatens a recession and another bout of inflation, Hartnett sees pain ahead for stock prices. Instead, he's bullish on safer assets like bonds and gold, as well as on international stocks — for the next couple of months, at least.
"We remain H1 buyers of dips in bonds, international & gold, sellers of SPX/US$ rallies," he wrote.
One way investors can gain exposure to these trades is through funds like iShares Core US Aggregate Bond ETF (AGG), the Vanguard Total International Stock ETF (VXUS), and the SPDR® Gold Shares (GLD).
But it remains unclear whether a recession will materialize in the months ahead. Trump has shown that he will step back from hardline stances if investors react unfavorably.
Still, 10% baseline tariffs remain on most imports, and an inflationary episode could hurt spending. Payrolls and inflation data in the coming weeks should give investors insight into the health of the economy.
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Daytona’s heavy metal music festival, Welcome to Rockville, is back in May 2025 with an all-star lineup, bringing some of the genre's biggest new and classic names to the stage for a legendary 4-day weekend. With the countdown to the annual festival winding down, here’s everything you need to know about how to buy Welcome to Rockville 2025 tickets, the festival schedule, and lineup details.
The 2025 event marks the 14th Welcome to Rockville festival since it debuted in May 2011. Due to the COVID-19 pandemic, only the 2020 festival was missed. Since changing the festival location from Jacksonville to Daytona Beach, Florida, in 2020, heavy metal bands and fans gather at the Daytona International Speedway each year for a full four-day weekend of rock.
Welcome to Rockville 2025 takes over Daytona International Speedway this year from Thursday, May 15, until Sunday, May 18. The lineup across the weekend also includes big names like Linkin Park, Green Day, Rob Zombie, Good Charlotte, and Korn as headliners. With five stages at the venue, there’s no shortage of heavy metal and hard rock to enjoy throughout the festival.
We’ve got you covered if you’re looking for how to get Welcome to Rockville 2025 tickets. Here’s our breakdown of Welcome to Rockville’s music festival schedule and lineup, purchasing details, and price comparisons between resale and original passes. You can also browse festival details on StubHub and Vivid Seats at your convenience.
While Welcome to Rockville is a four-day event between May 15 to 18, the festival offers different ticket options to appeal to those looking to attend the full weekend or single days. However, ticket prices for single-day tickets vary depending on the date, with Friday and Saturday passes coming in at higher rates than Thursday and Sunday.
Though Welcome to Rockville has yet to reveal the specific time of performances officially, they have confirmed the lineup with which days the artists will take the stage at Daytona International Speedway. The weekend headliners include Shinedown on Thursday, Green Day on Friday, Linkin Park on Saturday, and Korn on Sunday.
How to buy tickets for Welcome to Rockville’s 2025 music festival
You can purchase original tickets to the 2025 music festival directly through Welcome to Rockville’s website (powered by Front Gate Tickets). The site still has passes for all ticket options, including general admission and VIP, but the inventory is running low for some selections.
Tickets to Welcome to Rockville 2025 can be purchased through verified resale ticket vendors like StubHub and Vivid Seats. You may find more price variety on these sites for different ticket options.
How much are Welcome to Rockville tickets?
Welcome to Rockville ticket prices vary depending on the pass type and day. While four-day passes are the most expensive, single-day general admission ticket prices differ by date. However, for a four-day festival with some of the biggest names in heavy metal and hard rock, the relatively high starting original ticket prices are worth the cost for fans.
Four-day general admission tickets sold directly from Welcome to Rockville’s website start at $400 plus fees. Welcome to Rockville 2025 offers a more expensive four-day VIP ticket option, starting at $680 before fees. Meanwhile, four-day general admission passes sold through resale sites begin at comparatively cheaper costs. On StubHub, the most affordable of this option starts at $272, with Vivid Seats’ available four-day GA passes beginning at an even lower price of $257.
For those only looking for single-day entry on Thursday, May 15, the price for an original Thursday-only pass at $160 pre-fees on Welcome to Rockville’s site. The starting price increases by $20 for Friday-only original tickets, costing $180 before fees and taxes. Single-day original ticket prices for Saturday go back down slightly, starting at $170. The cheapest single-day ticket directly through Welcome to Rockville is on Sunday, when the price begins at $150 before fees.
VIP single-day passes are also available throughout the Welcome to Rockville 2025 weekend. Thursday-only VIP ticket prices start at $260, and Friday, Saturday, or Sunday-only VIP tickets begin at $270—all before taxes and fees.
Single-day general passes for Welcome to Rockville 2025 being sold through resale vendors begin at similar prices to the cost of original tickets. Thursday-only ticket prices start at $186 on StubHub or $187 on Vivid Seats. Meanwhile, Friday-only passes begin at $186 on StubHub or a relatively most costly $232 on Vivid Seats. Available Saturday-only GA tickets start at $178 on StubHub or $190 on Vivid Seats. The Sunday-only Welcome to Rockville 2025 tickets available on StubHub start at $181, while the same option on Vivid Seats begins at a comparatively cheaper $114.
Who is in the Welcome to Rockville lineup?
The 2025 Welcome to Rockville lineup features established and up-and-coming names in heavy metal, hard rock, and punk music. There are also a few returning acts from previous festival editions, such as Rob Zombie, Alice in Chains, Shinedown, and Korn. Below, we’ve provided a breakdown of which acts will be performing on which days at the 2025 Welcome to Rockville music festival:
Thursday, May 15:
Shinedown, Rob Zombie, Three Days Grace (with Adam Gontier), Halestorm, 3 Doors Down, The Dillinger Escape Plan, Trivium, Bullet for My Valentine, Body Count, Theory of a Deadman, Blue October, Asking Alexandria, Arch Enemy, We Came as Romans, Crossfade, Exodus, GWAR, Quicksand, Fit for a King, Health, From Ashes to New, Converge, Evans Blue, Finger Eleven, The Acacia Strain, Saving Abel, Shadow of Intent, Frozen Soul, Smile Empty Soul, Royale Lynn, Until I Wake, Full of Hell, Harm’s Way, Of Virtue, The Pretty Wild, CANDY, Gates to Hell, and Big Ass Truck
Friday, May 16:
Green Day, Alice in Chains, Good Charlotte, Sublime, Knocked Loose, Jimmy Eat World, BUSH, Killswitch Engage, New Found Glory, Underoath, Jinjer, Candlebox, Everclear, Kublai Khan TX, Bowling for Soup, August Burns Red, Miss May I, Lit, Dorothy, Saosin, Silverstein, The Devil Wears Prada, All That Remains, ERRA, Invent Animate, The Red Jumpsuit Apparatus, Dexter & the Moonrocks, Incendiary, Alesana, Boundaries, Scary Kids Scaring Kids, Silent Planet, It Dies Today, One Step Closer, Butcher Babies, Left to Suffer, I Set My Friends on Fire, Bleed from Within, and As You Were
Saturday, May 17:
Linkin Park, Incubus, Pierce the Veil, I Prevail, Beartooth, Mastodon, Taking Back Sunday, Acid Bath, Hollywood Undead, Sleeping with Sirens, Dayseeker, P.O.D., Hoobastank, Bilmuri, Of Mice & Men, Obituary, All Shall Perish, Whitechapel, Set it Off, Municipal Waste, Attila, After the Burial, The Plot in You, Nails, Emmure, Escape the Fate, Sleep Theory, Brand of Sacrifice, Havok, Real Friends, The Funeral Portrait, Upon a Burning Body, Angelmaker, NERV, Nevertel, Liliac, Chained Saint, and Dead Heat
Sunday, May 18:
Korn, Bad Omens, Marilyn Manson, Mudvayne, Motionless in White, Chevelle, Chiodos, Power Trip, Daughtry, Insane Clown Posse, Chimaira, Sevendust, Testament, Deafheaven, Filter, Blessthefall, Memphis May Fire, Sunami, The Black Dahlia Murder, Hawthorne Heights, Seven Hours After Violet, Fit for an Autopsy, Gatecreeper, Snot, Pain of Truth, Sanguisugabogg, The Union Underground, Dry Kill Logic, Attack Attack!, Caskets, A Skylit Drive, Wind Walkers, Allt, 200 Stab Wounds, PeelingFresh, Return to Dust, Mugshot, and Bodybox
Bill Gates shares three children with Melinda French Gates, pictured here from left to right, Jennifer Gates Nassar, Rory Gates, and Phoebe Gates.
Jean Catuffe/Getty Images // SAUL LOEB // John Nacion/Variety
Microsoft cofounder Bill Gates shares three kids with his ex-wife Melinda French Gates.
His eldest daughter is a med school graduate and his youngest a startup cofounder.
Here's what we know about the children of one of the world's richest men.
Bill Gates' story is a quintessential example of the American entrepreneurial dream: A brilliant math whiz, Gates was 19 when he dropped out of Harvard and cofounded Microsoft with his friend, the late Paul Allen, in 1975.
Nearly 50 years later, Gates' net worth of almost $108 billion makes him one of the richest and most famous men on Earth, per Forbes. He stepped down from Microsoft's board in 2020 and has cultivated his brand of philanthropy with the Gates Foundation — a venture he formerly ran with his now ex-wife Melinda French Gates, who resigned in May.
Even before founding one of the world's most valuable companies, Gates' life was anything but ordinary. He grew up in a well-off and well-connected family, surrounded by his parents' rarefied personal and professional network. Their circle included a Cabinet secretary and a governor of Washington, according to "Hard Drive," the 1992 biography of Gates by James Wallace and Jim Erickson. (Brock Adams, who went on to become the transportation secretary in the Carter administration, is said to have introduced Gates' parents.)
His father, William Gates Sr., was a prominent corporate lawyer in Seattle and the president of the Washington State Bar Association.
His mother, Mary Gates, came from a line of successful bankers and sat on the boards of important financial and social institutions, including the nonprofit United Way. It was there, according to her New York Times obituary, that she met the former IBM chairman John Opel — a fateful connection thought to have led to IBM enlisting Microsoft to provide an operating system in the 1980s.
"My parents were well off — my dad did well as a lawyer, took us on great trips, we had a really nice house," Gates said in the 2019 Netflix documentary "Inside Bill's Brain."
"And I've had so much luck in terms of all these opportunities."
Despite his very public life, his three children with French Gates — Jennifer, Rory, and Phoebe — have largely avoided the spotlight for most of their upbringing.
Like their father, the three Gates children attended Seattle's elite Lakeside School, a private high school that has been recognized for excellence in STEM subjects — and that received a $40 million donation from Bill Gates in 2005 to build its financial aid fund. (Bill Gates and Paul Allen met at Lakeside and went on to build Microsoft together.)
As they've gotten older, they've stepped more into the public eye, and more details have emerged about their interests, professions, and family life.
Gates recently said his children will get "less than 1%" of his fortune when he dies. But they may also inherit the family foundation, where most of his money will go.
Here's all we know about Bill Gates' children.
Gates and his children did not respond to requests for comment for this story.
Jennifer Gates Nassar
Jennifer Gates and Bill Gates attended the Paris Olympic Games in 2024.
Jean Catuffe/Getty Images
Jennifer Gates Nassar, who goes by Jenn, is the oldest of the Gates children at 28 years old.
In 2018, Gates Nassar received her undergraduate degree in human biology from Stanford University, where a computer science building was named for her father after he donated $6 million to the project in 1996.
She then attended the Icahn School of Medicine at Mount Sinai, from which she graduated in May. She's continuing at Mt. Sinai for her residency in pediatric research. During medical school, she also completed a Master's in Public Health at Columbia University — perhaps a natural interest given her parents' extensive philanthropic activity in the space.
"Can't believe we've reached this moment, a little girl's childhood aspiration come true," she wrote on Instagram. "It's been a whirlwind of learning, exams, late nights, tears, discipline, and many moments of self-doubt, but the highs certainly outweighed the lows these past 5 years."
In October 2021, she married Egyptian equestrian Nayel Nassar. In February 2023, reports surfaced that they bought a $51 million New York City penthouse with six bedrooms and a plunge pool. The next month, they welcomed their first child, Leila, and in October, Gates Nassar gave birth to their second daughter, Mia.
"I'm over the moon for you, @jenngatesnassar and @nayelnassar—and overjoyed for our whole family," Bill Gates commented on the Instagram post announcing Mia's birth.
In a 2020 interview with the equestrian lifestyle publication Sidelines, Gates Nassar discussed growing up wealthy.
"I was born into a huge situation of privilege," she said. "I think it's about using those opportunities and learning from them to find things that I'm passionate about and hopefully make the world a little bit of a better place."
She recently posted about visiting Kenya, where she learned about childhood health and development in the country.
Rory John Gates
Rory Gates, the least public of the Gates children, has reportedly infiltrated powerful circles of Washington, D.C.
Photo by Tasos Katopodis/Getty Images
Rory John Gates, who is in his mid-20s, is Bill Gates and Melinda French Gates' only son and the most private of their children. He maintains private social media accounts, and his sisters and parents rarely post photos of him.
His mother did, however, write an essay about him in 2017. Titled "How I Raised a Feminist Son," she describes as a "great son and a great brother" who "inherited his parents' obsessive love of puzzles."
In 2022, he graduated from the University of Chicago, where, based on a photo posted on Facebook, he appears to have been active in moot court. At the time of his graduation, Jennifer Gates Nassar wrote that he had achieved a double major and master's degree.
Little is publicly known about what the middle Gates child has been up to since he graduated, but a Puck report from last year gave some clues, saying that he is seen as a "rich target for Democratic social-climbers, influence-peddlers, and all variety of money chasers."
Phoebe Gates
Phoebe Gates has a fashion startup and a podcast.
John Nacion/Variety
Phoebe Gates, 22, is the youngest of the Gates children.
After graduating from high school in 2021, she followed her sister to Stanford. She graduated in June after three years with a Bachelor of Science in Human Biology. Her mom, Melinda French Gates, delivered the university's commencement address.
In a story that Gates wrote for Nylon about her graduation, she documented the day, including a party she cohosted that featured speeches from her famous parents and a piggyback ride from her boyfriend Arthur Donald — the grandson of Sir Paul McCartney.
She has long shown an interest in fashion, interning at British Vogue and posting on social media from fashion weeks in Copenhagen, New York, and Paris. Sustainability is often a theme of her content, which highlights vintage and secondhand stores and celebrates designers who don't use real leather and fur.
That has culminated in her cofounding Phia, a sustainable fashion tech platform that launched in beta this fall. The site and its browser extension crawl secondhand marketplaces to find specific items in an effort to help shoppers find deals and prevent waste.
"I thought, 'Oh boy, she's going to come and ask,'" Gates said. "I would have kept her on a short leash and be doing business reviews, which I would have found tricky, and I probably would have been overly nice, but wondered if it was the right thing to do. Luckily, it never happened."
In 2025, Phoebe also launched a podcast called "The Burnouts" with her former roommate and current cofounder Sofia Kianni.
Gates shares her parents' passion for public health. She's attended the UN General Assembly with her mother and spent time in Rwanda with Partners in Health, a nonprofit that has received funding from the Gates Foundation.
Like her mother, Gates often publicly discusses issues of gender equality, including in essays for Vogue and Teen Vogue, at philanthropic gatherings, and on social media, where she frequently posts about reproductive rights.
She's given thousands to Democrats and Democratic causes, including to Michigan governor Gretchen Whitmer and the Democratic Party of Montana, per data from OpenSecrets. According to Puck, she receives a "giving allowance" that makes it possible for her to cut the checks.
Perhaps the most public of the Gates children — she's got over 450,000 Instagram followers and a partnership with Tiffany & Co. — she's given glimpses into their upbringing, including strict rules around technology. The siblings were not allowed to use their phones before bed, she told Bustle, and to get around the rule, she created a cardboard decoy.
"I thought I could dupe my dad, and it worked, actually, for a couple nights," she told the outlet earlier this year. "And then my mom came home and was like, 'This is literally a piece of cardboard you're plugging in. You're using your phone in your room.' Oh, my gosh, I remember getting in trouble for that."
It hasn't always been easy being Gates's daughter. In the Netflix documentary "What's Next? The Future With Bill Gates," she said she lost friends because of a conspiracy theory suggesting her father used COVID-19 vaccines to implant microchips into recipients.
"I've even had friends cut me off because of these vaccine rumors," she said.
Citi is closing its office in Málaga, Spain, after three years.
Holger Leue/Getty Images
Citigroup is closing an office in Spain opened to offer junior bankers a better work-life balance.
The office in the coastal city of Málaga was open for just three years.
The closure comes as Wall Street readjusts its workplace expectations in the post-pandemic world.
Citigroup is closing its coastal office in the south of Spain, which was opened just three years ago to offer staff a better work-life balance.
The Málaga workplace was set up to promote eight-hour Monday-to-Friday workdays for junior investment bankers.
In a statement on Wednesday, Citi confirmed to Business Insider that it told colleagues the office would be closing as the New York-headquartered bank continues to execute its "strategy to simplify the firm" and improve its operations.
The office was opened in 2022 following the COVID-19 lockdowns. Its scenic location in Spain's famous Costa del Sol region proved competitive for the bank, offering a stark difference from the 100-hour weeks junior bankers on Wall Street had grown accustomed to.
Most staff will be relocated, but six will leave the bank, Citi said.
"Our emphasis on fostering colleague mobility efforts and integrating our hubs is evident in the successful applications by many of our colleagues from Málaga for positions in our London and Paris hubs," Citi said.
According to a Financial Times report, when the bank first launched the Málaga initiative, 27 analysts were chosen from over 3,000 applicants.
"Our primary Spanish location is Madrid, where we employ more than 220 people who are not impacted by this action," the firm said.
"Citi continues our strategic growth in Spain with a strong presence in our core business lines, which include Investment Banking, Wealth and Markets."
Wall Street's shift to RTO
Citi's closure of its Málaga office comes as Wall Street moves back toward pre-pandemic norms regarding attitudes to work.
This has been most evident in the sweeping return-to-office mandates enacted by many major financial institutions.
While Wall Street's biggest names have eagerly gotten employees back to their desks in downtown offices, Citi has stood by its hybrid work policy.
The majority of employees have the option to work from home three days a week, unlike most of its competitors. Goldman Sachs mandated staff to come into the office five days a week, and since March, all JPMorgan workers have had to work from the office Monday to Friday as well.
In June 2023, Citi told its UK employees it would start monitoring office attendance data. Staff found consistently not coming into the workplace on required days risk being disciplined, from having their bonuses adjusted to being fired.
Billie Eilish, Amanda Gorman, Timothée Chalamet, and Naomi Osaka were co-chairs in 2021.
Kevin Mazur/MG21/Getty Images for The Met Museum/Vogue
The Met Gala takes place on the first Monday in May each year.
Anna Wintour has tapped celebrities to co-chair since taking over the event in 1995.
Co-chairs help promote the event and plan its theme, dinner, and performances.
Being invited to the Met Gala is one thing, but being named a co-chair of the annual event is an even bigger honor.
In 1995 — 30 years ago! — Vogue editor in chief Anna Wintour began cohosting the event alongside fellow editors, socialites, and even European royalty.
She then began passing the job on to designers, actors, musicians, and even athletes in recent years.
But what do the Met Gala co-chairs do, and who's previously held the title?
While Wintour has never revealed their exact role, it's rumored that co-chairs help plan the event's dress code, dinner, and performances.
They're also some of the first stars to arrive on the red carpet each year, helping to exemplify the night's dress code, and their names are used to promote the annual event in the months leading up to it.
The 2025 Met Gala co-chairs are Lewis Hamilton, Pharrell Williams, Colman Domingo, and ASAP Rocky. LeBron James is also an honorary co-chair.
Here's a look back at who's held the honor in the past.
2024: Wintour, Jennifer Lopez, Zendaya, Chris Hemsworth, and Bad Bunny
Jennifer Lopez, Bad Bunny, Zendaya, and Chris Hemsworth onstage during the 2024 Met Gala.
Kevin Mazur/MG24/Getty Images for The Met Museum/Vogue
The theme of 2024's celebration was "Sleeping Beauties: Reawakening Fashion," which brought back vintage looks and styles that hadn't been seen in years.
2023: Michaela Coel, Dua Lipa, Roger Federer, and Penélope Cruz
Co-chairs Michaela Coel, Dua Lipa, Roger Federer, and Penelope Cruz pose at The 2023 Met Gala Celebrating "Karl Lagerfeld: A Line Of Beauty" Metropolitan Museum of Art on May 01, 2023
Cindy Ord/MG23/Getty Images
The theme honored Chanel icon Karl Lagerfeld, with "Karl Lagerfeld: A Line of Beauty."
2022: Blake Lively, Ryan Reynolds, Lin-Manuel Miranda, and Regina King
The 2022 Met Gala theme was "In America: An Anthology of Fashion."
John Shearer/Getty Images; Mike Coppola/Getty Images; Sean Zanni/Patrick McMullan/Getty Images
The 2021/2022 Met Gala was a two-part event, with the first part held in September 2021 and the second in May 2022.
In 2022, the Met Gala returned for the culmination of the American-themed two-part celebration.
Lin-Manuel Miranda, who missed out on the chance to co-chair in 2020, helmed the event alongside husband-and-wife duo Blake Lively and Ryan Reynolds and overall icon Regina King, who didn't walk the carpet at the big event. King's son died in January 2022, so she was likely still mourning the loss.
2021: Billie Eilish, Amanda Gorman, Timothée Chalamet, and Naomi Osaka
The Met Gala returned from its pandemic hiatus in September 2021.
Kevin Mazur/MG21/Getty Images for The Met Museum/Vogue
Part one of the two-part Met Gala, which was held in September 2021, was sponsored by Instagram and themed in "In America: A Lexicon of Fashion."
2020: Meryl Streep, Nicolas Ghesquière, Emma Stone, and Lin-Manuel Miranda
The 2020 Met Gala was canceled due to the COVID-19 pandemic, then returned in September 2021 for the first of a two-part event.
The 2020 Met Gala was, of course, canceled due to the pandemic. But had it taken place as scheduled on May 4, the theme would've been "About Time: Fashion and Duration," sponsored by Ghesquière's Louis Vuitton.
2019: Serena Williams, Harry Styles, then-Gucci creative director Alessandro Michele, and Lady Gaga
The 2019 Met Gala's dress code was "camp."
Kevin Mazur/MG19/Getty Images for The Met Museum/Vogue
2019's theme was "Camp: Notes on Fashion," and it was sponsored by Gucci.
2018: Donatella Versace, Amal Clooney, and Rihanna
The dress code for the 2018 Met Gala was "Sunday best," prompting celebrities to don Catholic-themed attire.
Dimitrios Kambouris/MG18/Getty Images for The Met Museum/Vogue
Rihanna's Met Gala looks had long earned her the title of "Queen of the Met Gala," and in 2018, she added the title of co-chair. The year's theme was a bold one: "Heavenly Bodies: Fashion and the Catholic Imagination." It was sponsored by Versace and Christine and Stephen Schwarzman, who also served as co-chairs.
Stephen Schwarzman is a cofounder and CEO of The Blackstone Group, a private equity firm that has a stake in Versace.
2017: Tom Brady, Gisele Bündchen, Pharrell, and Katy Perry
As the theme was based on her designs, Rei Kawakubo was an obvious choice for honorary chair, along with Caroline Kennedy.
The 2017 theme was "Rei Kawakubo/Comme des Garçons: Art of the In-Between," celebrating the Japanese brand, and was a joint sponsorship between Apple, Condé Nast, Farfetch, H&M, and Maison Valentino.
2016: Idris Elba and Taylor Swift
The evening's third host was Apple Chief Development Officer Jonathan Ives.
Dimitrios Kambouris/Getty Images; Larry Busacca/Getty Images
The event, fittingly sponsored by Apple, was themed "Manus x Machina: Fashion in an Age of Technology."
The evening's honorary hosts were returnees Nicolas Ghesquière, Karl Lagerfeld, and Miuccia Prada.
It's believed that Taylor Swift and Joe Alwyn met at the 2016 Met Gala. A lyric in Swift's song "Dress" describes each of their looks from the event. Swift and Alwyn's relationship would last for six years.
2015: Jennifer Lawrence and Gong Li
The 2015 Met Gala theme was "China: Through the Looking Glass," and it was sponsored by Yahoo.
Kevin Mazur/WireImage; Jamie McCarthy/FilmMagic; Larry Busacca/Getty Images
In addition to the actresses, then-CEO of Yahoo Marissa Mayer and entrepreneur/movie producer/third wife of Rupert Murdoch, Wendi Murdoch, also hosted the event, plus honorary chair and Hong Kong billionaire Silas Chou.
2014: Bradley Cooper and Sarah Jessica Parker
The 2014 Met Gala was sponsored by Aerin Lauder's lifestyle brand, AERIN.
Kevin Mazur/WireImage; Larry Busacca/Getty Images
The other hosts for the "Charles James: Beyond Fashion"-themed night were Lizzie and Jonathan Tisch, Aerin Lauder, and Oscar de la Renta.
2013: Former Givenchy creative director Riccardo Tisci, Rooney Mara, and Vogue editor Lauren Santo Domingo
The evening was sponsored by Modus Operandi, which Santo Domingo co-founded.
Kevin Mazur/WireImage; Dimitrios Kambouris/Getty Images; Karwai Tang/FilmMagic
This year's theme, "Punk: Chaos to Couture," remains one of the most iconic Met Gala themes. In addition to these four, Beyoncé was an honorary co-chair.
2012: Carey Mulligan
As Amazon was the sponsor of the 2012 Met Gala, Jeff Bezos was an honorary chair.
Randy Brooke/WireImage; Stephen Lovekin/FilmMagic
"Schiaparelli and Prada: Impossible Conversations" was the theme of 2012's Met Gala, which was also chaired by Miuccia Prada.
2011: Colin Firth and Stella McCartney
Also in 2011, Salma Hayek got to join her husband, François-Henri Pinault, as an honorary chair.
Dimitrios Kambouris/FilmMagic; Larry Busacca/Getty Images; Kevin Mazur/WireImage
That year's theme was "Alexander McQueen: Savage Beauty" to honor McQueen after his death in February 2010.
2010: Former Gap Vice President Patrick Robinson and Oprah Winfrey
In honor of the "American Woman" theme, many of the outfits for the 2010 Met Gala incorporated reds, whites, and blues.
BILLY FARRELL/Patrick McMullan via Getty Images
The night, which was sponsored by Gap, was themed "American Woman: Fashioning a National Identity."
2009: Justin Timberlake and Kate Moss
Marc Jacobs served as honorary chair and also sponsored the 2009 Met Gala.
BILLY FARRELL/Patrick McMullan via Getty Images
The 2009 Met Ball was themed "The Model As Muse: Embodying Fashion."
2008: Julia Roberts and George Clooney
The 2008 Met Gala was sponsored by Giorgio Armani, who also served as honorary chair.
BILLY FARRELL/Patrick McMullan via Getty Images
The gala's theme was "Superheroes: Fashion and Fantasy."
2007: Cate Blanchett and Nicolas Ghesquière, Balenciaga's creative director
Balenciaga sponsored the 2007 event.
BILLY FARRELL/Patrick McMullan via Getty Images
The evening was themed "Poiret: King of Fashion," dedicated to legendary designer Paul Poiret.
2006: Burberry design legend Christopher Bailey and Sienna Miller
The honorary chairs were former Burberry CEO Rose Marie Bravo and Peregrine Cavendish, the Duke of Devonshire. Burberry sponsored the 2006 Met Gala.
Billy Farrell/Patrick McMullan via Getty Images
Fittingly, the Burberry and British-heavy night was themed "AngloMania: Tradition and Transgression in British Fashion."
2005: Nicole Kidman and Karl Lagerfeld
In addition to Lagerfeld, Caroline, Princess of Hanover, was also an honorary chair.
Billy Farrell/Patrick McMullan via Getty Images
Of course, as the night's theme was "House of Chanel," no one but Lagerfeld could've been a chair.
2004: No co-chairs
Anna Wintour hosted the 2004 Met Gala on her own.
Evan Agostini/Getty Images
The 2004 Met Gala had no co-chairs beyond Wintour. The year's theme was "Dangerous Liaisons: Fashion and Furniture in the 18th Century."
2003: Tom Ford and Nicole Kidman
At the time, Ford was the creative director of Gucci, which sponsored the 2003 Met Gala.
Gucci via Getty Images
The evening's theme was "Goddess: The Classical Mode."
2001: Oscar de la Renta and his wife Annette, and designer Carolina Herrera
As the 2001 Met Gala was centered on her, Jacqueline Kennedy, Caroline Kennedy, and her husband, Edwin A. Schlossberg, were honorary chairs.
Ron Galella, Ltd./Ron Galella Collection via Getty Images; Evan Agostini/Getty Images; George De Sota/Newsmakers
L'Oréal CEO Lindsay Owen-Jones and his wife, Cristina, also chaired the "Jacqueline Kennedy: The White House Years"-themed event, as L'Oréal was the night's sponsor.
The Met Gala was canceled in 2002 in the wake of 9/11, and next occurred in 2003.
1999: Estée Lauder's style-and-image director Aerin Lauder and Tommy Hilfiger
Tommy Hilfiger was flanked by Aerin Lauder (left) and Vogue editor Anna Wintour at the 1999 Costume Institute Gala.
Richard Corkery/NY Daily News Archive via Getty Images
The last Met Gala of the 20th century was themed "Rock Style." There was no Met Gala in 2000, so the first Met Gala of the 21st century wasn't held until 2001.
1998: Designer Miuccia Prada and socialite Pia Getty.
They also shared chairing duties with actor and socialite Paula Cussi.
Rose Hartman/Archive Photos/Getty Images; Jim Spellman/WireImage; Steve Eichner/Getty Images
The theme was "Cubism and Fashion," and it was sponsored by the Prada brand.
1997: Socialite Julia Koch, and W and Women's Wear Daily editorial director Patrick McCarthy
Wintour resumed Met Gala co-chairing duties in 1997, after skipping 1996.
Richard Corkery/NY Daily News Archive via Getty Images; Ron Galella/Ron Galella Collection via Getty Images; Richard Corkery/NY Daily News Archive via Getty Images
That year's theme was "Gianni Versace," dedicated to the designer after his death in July 1997.
1996: Harper's Bazaar editor in chief Elizabeth Tilberis, Marie-Chantal, the Crown Princess of Greece, and philanthropist and socialite Helene David-Weill
David-Weill is the wife of powerful New York investment banker Michel David-Weill.
Evan Agostini/Liaison/Getty Images; Bertrand Rindoff Petroff/Getty Images; THOMAS SAMSON/AFP via Getty Images
The theme of the 1996 Met Gala was simply "Christian Dior."
1995: Annette de la Renta and Clarissa Bronfman
1995 was the year Wintour became the chairwoman of the Metropolitan Museum of Art's Costume Institute.
Ron Galella, Ltd./Ron Galella Collection via Getty Images
The first Met Gala chaired by Anna Wintour occurred on December 4, 1995. Legendary designers Gianni Versace and Karl Lagerfeld were honorary chairs that year, and the theme was "Haute Couture."
Annette de la Renta was the wife of the late designer Oscar de La Renta, while Bronfman is the wife of Edgar Bronfman Jr., a legendary businessman, producer, and former CEO of Warner Music Group.
Enterprise search centralizes access to a company's data, making information from multiple platforms searchable through one hub.
Photo courtesy of Super.com
Super.com had its internal information scattered across several workspace platforms.
The company built an artificial intelligence search tool to make a tool hub.
This article is part of "Build IT: Connectivity," a series about tech powering better business.
The tools meant to streamline work can leave businesses stuck in a maze of messages, documents, and dashboards.
Super.com, a travel and finance platform on which customers can book hotels and earn cash and rewards, depends on various workspace platforms, including Slack, Confluence, and GitLab, to keep the business humming.
Hussein Fazal, Super.com's CEO, told Business Insider that juggling systems often slowed down day-to-day tasks. Documents, datasets, and message exchanges were scattered across platforms, which made it difficult for teams to access what they needed when they needed it.
During the COVID-19 pandemic, the company decided to permanently switch to remote work, which Fazal said added an extra challenge to information retrieval.
As a result, Super.com needed a central system to access information from all of its platforms.
"It's hard to just pick up information, and it can sometimes even be hard to get information," he said.
Super.com decided to build a hub that its employees could access from home. In 2022, the company teamed up with Glean, an AI startup in Palo Alto, California, to create a search platform that pulls information from across Super.com's software programs.
Hussein Fazal is the chief executive officer at Super.com.
Courtesy of Super.com
A personalized search tool
Enterprise search is software that allows users to look for information across various platforms and databases. Glean's platform uses ranking algorithms and generative artificial intelligence to make it easier for users to find what they're looking for.
"Glean will find the right information and produce an answer in natural language, à la ChatGPT, but with the information in the context of your enterprise," Tamar Yehoshua, the president of product and technology at Glean, told BI.
She said that it's not as straightforward as putting all the information together into one big pot. Different employees have different access permissions, so each search needs to be customized for whoever is using it.
Super.com integrated the company's most-used apps and tools, such as Slack, Confluence, GitLab, and Google Drive, into one hub. "It's personalized," she said. "It will find the information that is more relevant to you, as opposed to me, if we're in different roles and in different teams."
Yehoshua said the setup process could be challenging since some companies struggle with managing who has access to which tools. This means that the software could give out confidential information to employees.
To fix this, Glean built a data-governance layer into the search platform, which ensures rigorous access permissions. Fazal said Super.com had never had an issue with Glean's search tool giving people information they shouldn't be allowed to see.
Yehoshua added that while everybody knows how to search Google, not everyone knows how to write a good AI prompt. Glean also launched a prompt library for Super.com, which she said helped educate people on how to use the tool.
Fazal said he uses the platform multiple times a day. He added that an internal company survey found the search platform has saved employees an average of 20 minutes a day, which adds up to more than 1,500 hours saved each month across the team. The employee survey also found a 20% reduction in onboarding time for new hires.
Next steps for AI agents
Since their first partnership, in 2022, Super.com and Glean have added features to the platform. A generative-AI tool embedded into the platform, for example, helps employees draft emails and prioritize tasks using real-time company data.
For instance, if an employee asks, "What are the 10 most important things I should be working on right now?" the AI assistant will use information from Slack and Google Docs to give a customized answer to that employee.
Looking ahead, Fazal hopes to incorporate AI agents into the platform. He said the next step after prompting AI to generate a task list would be getting an AI agent to go do those things. For instance, the AI assistant might suggest arranging a meeting as an important task. The agent would then draft emails and book a meeting room to help complete that task.
"We're excited to test it out and implement that once it's ready," he said.
That's according to Jason Goepfert, senior research analyst at SentimenTrader, who told BI on Wednesday that the sharp decline in the Cboe Volatility Index, or VIX, flashed a "bear killer" signal.
The bullish signal flashes when the VIX surges above 50 and then closes below 30.
"The signal has triggered, so we would consider it as a compelling input in the current environment," Goepfert said.
Since President Donald Trump's "Liberation Day" tariff announcement in early April, stock market volatility has soared to historic levels. That tariff announcement sparked a 10.5% two-day decline in the S&P 500, the worst two-day loss for the benchmark index since March 2020.
The VIX closed above 50 on April 8 and collapsed to about 33 on April 9, when the Trump administration announced a 90-day pause in most reciprocal tariffs.
The VIX has since closed at 29.65 on April 17, officially flashing the "bear killer" signal. On Wednesday, it traded at around 28.56.
VIX drop signals gains ahead
According to Goepfert, the forward returns for the stock market are strong once the signal flashes.
The median 3-month, 6-month, and 12-month forward returns are 2.8%, 11.0%, and 17.9%, respectively, with a percent positive rate of 100% 12 months after the signal flashes.
"While sample sizes are small, we have generally seen throughout history that when the stock market volatility peaks above a high level, it has only occurred during bottoming phases after a decline," Goepfert said.
Historic stock market volatility
The only three other times this particular volatility signal flashed were shortly after the onset of the COVID-19 pandemic in 2020, in 2009 during the Great Financial Crisis, and the Black Monday crash in 1987.
Anna Wintour first co-chaired the Met Gala in 1995.
Steve Eichner/Penske Media/Jamie McCarthy/Getty Images
Anna Wintour, Vogue's editor in chief, has been attending the Met Gala for nearly 40 years.
As event chair, Wintour, 75, calls the shots, including who gets invited.
Take a look at how Wintour's Met Gala style has evolved since the 1980s.
It's hard to picture a Met Gala without Anna Wintour.
Vogue's editor in chief has played an integral role in organizing the most talked-about fashion event of the year for 30 years, as she first co-chaired the fundraiser for the Metropolitan Museum of Art's Costume Institute in 1995.
The gala has become more extravagant with Wintour, now 75, at the helm. As the guest list became increasingly star-studded, the cost of a Met Gala ticket skyrocketed from around $2,000 to $75,000.
Author Amy Odell, who wrote "Anna: The Biography," told the Italian women's publication Grazia in 2016 that Wintour doesn't choose the theme. Still, she wields considerable control over how it runs. Importantly, Wintour decides who gets an invite — and is known to approve almost every outfit worn on the Met Gala red carpet.
Take a look back at every look Wintour herself has worn for fashion's biggest night.
Wintour wore a sparkly gold top for the 1989 Met Gala, which was themed "The Age of Napoleon: Costume from Revolution to Empire, 1789-1815."
Anna Wintour at the 1989 Met Gala.
Ron Galella, Ltd./Ron Galella Collection via Getty Images
Wintour became the editor in chief of Vogue in 1988, a little over a year before the 1989 Met Gala.
The silhouette of Wintour's statement top nodded to the event's theme, as her pearl necklace and double-breasted top resembled the jackets soldiers wore during Bonaparte's reign.
Wintour let her top be the focus of her ensemble, pairing it with a black skirt and tights.
Wintour kept her outfit simple for the 1990 Met Gala.
Donna Karan and Anna Wintour at the 1990 Met Gala.
Fairchild Archive/Penske Media via Getty Images
The Met Gala theme in 1990 was "Théâtre de la Mode — Fashion Dolls: The Survival of Haute Couture."
Some attendees wore funky looks to the event, but it wasn't common for people to dress to theme at the time. Wintour kept her look simple in a silky minidress and trench coat.
Wintour attended the 1993 Met Gala in a purple gown, which honored former Vogue editor Diana Vreeland.
Anna Wintour and Samuel Irving Newhouse Jr. at the 1993 Met Gala.
Fairchild Archive/Penske Media via Getty Images
Wintour stepped out at the "Diana Vreeland: Immoderate Style" gala in a silky purple dress with an asymmetrical hemline and a white cardigan.
Wintour's dress for the "Orientalism: Visions of the East in Western dress" gala in 1994 featured lace detailing.
Anna Wintour at the 1994 Met Gala.
Ron Galella/Ron Galella Collection via Getty Images
Wintour's silver, silky dress hit her mid-thigh, and the bodice was covered in sheer lace. She paired the daring dress with a fuzzy coat featuring black and white stripes and a yellow necklace.
Wintour co-chaired the Met Gala for the first time in 1995, attending the "Haute Couture" event in an ivory halterneck gown.
Clarissa Alcock, Anna Wintour, and Annette Reed at the 1995 Met Gala.
Nick Haddow/Penske Media via Getty Images
For her debut as a Met Gala co-chair, Wintour nailed the straightforward theme of the night in a sleek, silky-looking floor-length white gown with matching opera gloves and minimal jewelry.
The look was refined and elegant, encapsulating the "Haute Couture" theme of the 1995 Met Gala, sponsored by designers Karl Lagerfeld and Gianni Versace.
Wintour wasn't co-chair in 1996, but she attended the "Christian Dior" event in a floral gown.
Anna Wintour at the 1996 Met Gala.
Steve Eichner/Penske Media via Getty Images
The 1996 event paid tribute to Christian Dior, and Wintour arrived in a dress designed by John Galliano, who started his 14-year tenure at Dior later the same year.
The figure-hugging dress had a floral pattern and delicate spaghetti straps. She also wore a statement necklace and her iconic sunglasses.
Wintour became co-chair again in 1997, arriving in a gold dress for the Gianni Versace-themed Met Gala.
Donatella Versace, Elton John, Anna Wintour, and Julia Koch at the 1997 Met Gala.
Steve Eichner/Penske Media via Getty Images
The 1997 Met Gala paid homage to Gianni Versace, who had died after being shot in Miami months prior.
The late designer was known for his love of working with metal embellishments and gold tones, so it's no wonder that Wintour took that on board with her look for the evening: a shimmery, liquid-like gold gown with thin spaghetti straps.
She paired it with coordinating stilettos and a sparkly silver necklace.
Wintour kept things simple in a slip dress for the 1998 Met Gala, which was themed "Cubism and Fashion."
Anna Wintour at the 1998 Met Gala.
Steve Eichner/WWD/Penske Media via Getty Images
Wintour's look, a lightweight gold slip dress paired with a silver necklace and two bracelets, didn't exactly scream "Cubism and Fashion."
But, in Wintour's defense, the trend of wearing an outfit that nodded to the Met Gala theme wasn't huge at the time.
In 1999, Wintour blurred the lines between high fashion and punk rock for the "Rock Style" Met Gala.
Andre Leon Talley and Anna Wintour at the 1999 Met Gala.
Rose Hartman/Getty Images
In 1999, Wintour graduated from being a standard co-chair to officially taking the reins as the Met Gala's chairperson.
That year, the theme was "Rock Style," highlighting how iconic performers like Elvis Presley, Aretha Franklin, and Alice Cooper, among others, influenced style trends.
Unlike the previous year, Wintour didn't shy away from the theme. Her eclectic John Galliano couture look consisted of a purple embellished skirt with a patterned white top layered under a tanned fur stole.
Wintour channeled Jackie Kennedy's preppy yet elegant style at the 2001 Met Gala that paid tribute to the former first lady.
Anna Wintour and a friend at the 2001 Met Gala.
WWD/Getty Images
The 2000 Met Gala failed to go ahead after an exhibit on the works of Coco Chanel was canceled, but the event returned in 2001 with a gala dedicated to the late Jacqueline "Jackie" Kennedy Onassis and her fashion legacy. The former first lady is remembered for her sophisticated wardrobe, including vibrant dresses, pillbox hats, turtleneck long sleeves, and chic evening gowns.
Wintour arrived at the Met that year in a timeless ensemble: a floor-length gown comprised of a classic flowing white skirt and a shimmery baby-blue, high-neck top with floral embellishments and shoulder pads.
The 2003 Met Gala's theme was "Goddess: The Classical Mode." Wintour arrived in an angelic Christian Dior ensemble.
Anna Wintour at the 2003 Met Gala.
Evan Agostini/Getty Images
Wintour's ethereal Christian Dior look was perfect for the 2003 Met Gala's "Goddess: The Classical Mode" theme, the first held after a hiatus in 2002 following the 9/11 attacks.
The Vogue editor's look consisted of a silky floor-length white gown paired with silver strappy stilettos and a cropped, fringed cardigan.
Her final accessory? Wintour's iconic black sunglasses, which she later told CNN she likes to wear to "avoid people knowing what she's thinking about."
She wore one of her quirkiest Met Gala looks for the 2004 "Dangerous Liaisons: Fashion and Furniture in the 18th Century" event.
Anna Wintour hosted the 2004 Met Gala on her own.
Evan Agostini/Getty Images
Wintour partnered with Christian Dior again for her look at the 2004 Met Gala. She wore a pastel-green silk dress embellished around the neckline and a crystal-encrusted jacket with exaggerated shoulder pads.
The look is one of the most eclectic that Wintour has worn to the Met Gala. Still, it was in line with the year's theme, which focused on the "refined elegance and delicate voluptuousness" of interiors and style during the 18th century, according to the Metropolitan Museum website.
The fashion editor wore a silky white gown with a floral-embellished cardigan for the 2005 "House of Chanel"-themed Met Gala.
Anna Wintour at the 2005 Met Gala.
Evan Agostini/Getty Images
Wintour stayed on theme in an asymmetrical white Coco Chanel gown and a coordinating cardigan with floral appliqué.
She accessorized with silver heels and a statement pearl necklace that featured a fringed pendant.
The 2006 Met Gala was about honoring British fashion, a perfect theme for Wintour, born in London.
Anna Wintour at the 2006 Met Gala.
Evan Agostini/Getty Images
"AngloMania: Tradition and Transgression in British Fashion" was the theme of the 2006 Met Gala.
While Wintour opted not to work with a British designer on her look for the evening, instead choosing Chanel, her ensemble oozed English elegance.
It consisted of a black sequined gown with pink rose details along the train and chest, and a flowing beige coat, perhaps a high-fashion nod to the iconic Burberry trench coat.
Wintour went for an edgy look at the 2007 Met Gala in a black sequin-heavy ensemble with scale-like detailing.
Anna Wintour at the 2007 Met Gala.
Evan Agostini/Getty Images
In 2007, the Met Gala theme was "Poiret: King of Fashion," in honor of Paul Poiret, a designer famous for influencing the transition in women's fashion from corsets to looser clothing items.
For the event, Wintour wore a sequined Chanel gown with a segment of black and white scales embroidered down the center and on the shoulders.
She embodied power and fashion at the 2008 "Superheroes: Fashion and Fantasy" Met Gala.
Anna Wintour at the 2008 Met Gala.
Stephen Lovekin/Getty Images
Wintour arrived on the red carpet in a silver Chanel gown designed by Karl Lagerfeld. The dress featured shell-shaped padding along the waist and shoulders.
The ensemble looked like it could've been pulled from the costume department of an epic sci-fi movie, proving she nailed the event's fantasy theme.
For the 2009 Met Gala, themed "The Model As Muse: Embodying Fashion," Wintour went for a black-and-white number.
Anna Wintour at the 2009 Met Gala.
Billy Farrell/Patrick McMullan/Getty Images
Chanel designed her white dress, featuring a black oval pattern.
While it was one of the safer looks Wintour has worn to the Met Gala, it featured a few playful details, such as pointed shoulders and a thick black belt.
Wintour dazzled at the 2010 Met Gala in a silver-tiered Chanel dress.
Anna Wintour at the 2010 Met Gala.
Kevin Mazur/WireImage
She paired the silver Chanel dress with a sequin-heavy silver jacket and a necklace.
While elegant, it isn't Wintour's most on-theme Met Gala look of all time, given the event was themed "American Woman: Fashioning a National Identity."
In 2011, Wintour wore an ombré sequined dress that paid tribute to Alexander McQueen.
Anna Wintour at the 2011 Met Gala.
Kevin Mazur/WireImage
The theme for the 2011 Met Gala was "Alexander McQueen: Savage Beauty," in honor of the late British designer known for his originality and meticulous tailoring.
Honing in on McQueen's mastery of tailoring, Wintour opted for a fitted Chanel gown decorated with tiny multicolored sequins to recreate a bold ombré pattern. It also had a section of gold sequins running down the center.
She looked glamorous at the 2012 Met Gala that honored not one but two iconic fashion houses.
Anna Wintour at the 2012 Met Gala.
Stephen Lovekin/FilmMagic
The 2012 Met Gala's theme paid tribute to two iconic Italian designers: Elsa Schiaparelli and Miuccia Prada.
In line with "Schiaparelli and Prada: Impossible Conversations," Wintour chose to wear a textured white Prada gown with a white fur stole.
The dress may have been Prada, but that doesn't mean Wintour forgot about Schiaparelli. Her gown featured a large gold lobster, a not-so-subtle nod to the "lobster dress" Elsa Schiaparelli made in 1937.
Wintour put a playful, feminine spin on the 2013 Met Gala theme, "Punk: Chaos to Couture."
Anna Wintour at the 2013 Met Gala.
Jennifer Graylock/FilmMagic
Wintour wore a floral Chanel dress with white stilettos.
To the untrained eye, the gown might not scream "punk," but the DIY-inspired pattern and the fact that a couture house created the dress nailed the theme.
The 2014 Met Gala was themed "Charles James: Beyond Fashion," to which Wintour wore a ball gown covered in floral details.
Anna Wintour at the 2014 Met Gala.
Dimitrios Kambouris/Getty Images
Wintour's Chanel gown had a sheer neckline and featured an array of red, blue, beige, and black flower petal appliqués. She accessorized with gold heels and a chunky silver necklace.
The ball gown was in line with the theme of the night, which paid tribute to the late designer Charles James, who was known for his "sculptural" and "scientific" approach to dressmaking, according to the Metropolitan Museum website.
The 2015 Met Gala theme was "China: Through the Looking Glass." Wintour arrived in an orange-and-red floral gown.
Anna Wintour at the 2015 Met Gala.
Larry Busacca/Getty Images
The dress, designed by Chanel, was covered in varying-sized floral appliqués in orange and red hues.
Wintour's color palette for the night was a subtle nod to the theme of the evening, "China: Through the Looking Glass."
Wintour wore an intricately beaded white gown with fringed sleeves for the 2016 Met Gala.
Anna Wintour at the 2016 Met Gala.
Dimitrios Kambouris/Getty Images
Joining forces with Chanel for yet another Met Gala, Wintour arrived on the red carpet in a floor-length beaded gown with fringe detailing along the sleeves and train and light-brown feathers stitched around the chest.
The intricate detail throughout the dress paid tribute to the "Manus x Machina: Fashion in an Age of Technology" theme, which delved into how fashion designers create through their handiwork and machinery.
In 2017, she wore a gold-embellished gown with a playful feathery segment and a sheer train.
Anna Wintour at the 2017 Met Gala.
Kevin Mazur/WireImage
The 2017 Met Gala was themed after Rei Kawakubo, a Japanese designer known for challenging classic silhouettes by playing with asymmetry and dress construction.
For the event, Wintour honored the theme and Kawakubo by wearing a technically adventurous Chanel gown that featured heavy embellishments, a feathery white skirt, and a semi-sheer train.
Wintour wore a semi-sheer silver dress with sleek cutouts and accessorized with a rosary at the "Heavenly Bodies"-themed Met Gala in 2018.
Anna Wintour at the 2018 Met Gala.
ANGELA WEISS/AFP via Getty Images
The 2018 Met Gala theme, "Heavenly Bodies: Fashion and the Catholic Imagination," is among the most popular in recent history.
Wintour served a master class in abiding by the dress code when she arrived in a silver Chanel halterneck gown overlayed with a sheer cream fabric that had two delicate cutouts around the neck. The best part of her look had to be her dark silver rosary, which fit the theme perfectly.
The 2019 Met Gala was all about camp fashion, and Wintour delivered.
Anna Wintour at the 2019 Met Gala.
Wintour, wearing Chanel again, nailed the assignment in a pink gown covered in pastel flowers and a coordinating pink-and-purple feathery stole.
Following a yearlong hiatus during the COVID-19 pandemic, the Met Gala returned with force in 2021 — and so did Wintour's fashion.
Anna Wintour at the 2021 Met Gala.
Mike Coppola/Getty Images
"In America: A Lexicon of Fashion" was the 2021 theme of the Met Gala, paying tribute to the evolution of fashion and culture in the US.
Wintour broke from her tradition of wearing Chanel by choosing an Oscar de la Renta dress. Boldly printed with sunflowers, lilacs, and posies, the long-sleeved dress featured ruffles along the train and neckline.
She returned to wearing Chanel at the 2022 Met Gala, emphasizing "Gilded Glamour."
Anna Wintour at the 2022 Met Gala.
John Shearer / Contributor / Getty Images
It seems that Wintour and Chanel cannot be separated for longer than a year. In 2022, for the "Gilded Glamour" dress code, the Vogue editor in chief opted for a rainbow-colored dress embellished with tiny beads.
She added a touch more glamour with a coordinating feathery poncho.
The 2023 Met Gala honored the late Karl Lagerfeld, so it made sense that Wintour wore Chanel.
Anna Wintour and Billy Nighy attend the 2023 Met Gala.
Jamie McCarthy/Getty Images
Lagerfeld, who died in February 2019 at age 85, was a fashion juggernaut best known for serving as the creative director of Chanel.
Paying tribute to the designer, with whom she was close friends for decades, Wintour attended the 2023 Met Gala in a white skirt and a sparkly sequinned coat designed by Chanel.
She also arrived alongside actor Bill Nighy, briefly stirring up romance rumors until his spokesperson said they are simply "great friends."
Wintour enlisted Loewe to create an ornate floral jacket for the 2024 Met Gala.
Anna Wintour at the 2024 Met Gala.
Jamie McCarthy/Getty Images
In line with the 2024 Met Gala's "Garden of Time" dress code, Wintour stepped onto the red carpet in a black wool floor-length jacket. Its satin collar was decorated with floral appliqués made of feathers, beads, and pearls.
According to Loewe, the jacket was inspired by an 1889 cape designed by Charles Frederick Worth — regarded by some as the father of haute couture. Wintour let it shine by donning it over an understated white silk satin long-sleeve dress.